Hi Joe,

I have just finished openning up a trust so I think I can help you a bit.

A couple of good reasons for using a trust are:
1. Tax minimisation
2. Asset protection

In very very simplified terms, the trust can be equated to a company with you controlling it. The company buys properties (or other assests such as shares) and if (hopefully)…[Read more]

lil man,

If there is one thing I have learnt investing, it is that it takes time to learn and do, so be patient. If you are old enough, without being reckless, find the right property to buy. You’ll learn way more by doing.

I would recommended reading a few books while you save your cash. Two goods ones (not just for property, but more for…[Read more]

Thanks GP and Terry,

I had a very quick look at Dale Gatherum-Goss’s website and from the list of contents, those books look like they are exactly what I’m after.

I was thinking originally a company was the way to go, but I’m leaning towards trusts.

Guess I have a bit of reading to do!

Thanks again,
Andrew

Well, thanks to cheap international calling cards I gave ME a call this morning (or afternoon depending where you are).

The banks only concern was that I hadn’t been in my current employment for more than six months.

I guess that will give us a few months to save some more pennys.

Thanks for you advice.

Hey,

We’re not sure how how long we will be here most likey 18 months+. I am in a permanent position, but we could hit a snag with my wife who is a locum. This is good because she earns about 30% more than normal, but also bad because the contract lengths are usually 3 – 6 months.

Luckily, there are heaps of locum positions for her, so from…[Read more]

Thanks Rob,

The bank is Members Equity, which from our dealings so far seems to a little more open than some of the big banks.

We’ll give it a shot.
Cheers.