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  • Profile photo of Badger101Badger101
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    @badger101
    Join Date: 2009
    Post Count: 8
    October 27, 2009 - 10:16 am

    Hi Richard,

    Thanks for the note, it gets me thinking that's for sure.  I am wondering what the 'market rent' is based on, will a residex report give us a good indication?

    Thanks and it should be heating up soon over there.

    Profile photo of Badger101Badger101
    Participant
    @badger101
    Join Date: 2009
    Post Count: 8
    July 21, 2009 - 9:58 am

    Thanks D and Terry!

    Profile photo of Badger101Badger101
    Participant
    @badger101
    Join Date: 2009
    Post Count: 8
    July 21, 2009 - 9:54 am

    Thanks Richard,
    As you can tell I'm a newby and posed in the wrong place and actually lost my post for a bit. 
    Yes, the first step for us will be to set up a trust structure as indicated in Steve's book.  In general terms, what does this involve and how much should we expect to pay to set this up.

    With regard to the second point, I don't want to kid myself into thinking I am investing into a positively geared property only to find out I have missed some hidden fees and costs – and is the tax that baffles me a lot.

    Thanks
    * interested in residex – what's all that about?   

    Profile photo of Badger101Badger101
    Participant
    @badger101
    Join Date: 2009
    Post Count: 8
    July 19, 2009 - 9:11 pm

    Hi All,
    My wife and I are just starting out and looking for advice please:
    1. Being new to the Sydney area we are looking for a top accountant to help us build, then grow our investment portfolio, any suggestions?
    2. We've been searching for +ve cash flow properties- with regard to tax, do I apply a 30% tax fee (on the rental income) when calculating the annual cash flow?

    Thanks for your help.

Viewing 4 posts - 1 through 4 (of 4 total)