Thats excellent mate,

thankyou for the info regarding carrying forward losses its very helpful and means i can get with the conversation a bit more on some of the other threads!

Thank you again Terry

Ben

good morning all,

Thank you for your responses so far, it certainly makes interesting reading.
Terry,
Numerous investors i have dealings with in the "real" world use trusts, none i dont think are as tax savvy as yourself – none have said it was for tax reasons, they simply use trusts to ensure if things go pear shaped that they are protected, so thank you very much for your added advice on the benefits of using a trust its excellent,
As far as creating a +CF property is concerned, do you need to recieve an "income" after expenses per week eg after mortgage payments etc the rent pays you $20, or is +CF property simply a investment that ends up in th black annually? my goal would be to have the weekly income so i will be looking to achieve that, and am currently trying to learn about depreciation laws here in aus (i hope they are similar to nz) to see wether using depreciation allows me to get a property over the line as +CF. again, thank you for the posts so far Terry,

haiqu,
Thanks for the welcome, bro
as per your previous post, i too am looking at holding on to property indefinately, so would be interested to hear your strategies implemented so far or plan of attack for the future. i like the idea of putting our ppor in our names that yourself and Terry mentioned and following on from that i would have used an LAQC like i mentioned previously until Terry alerted me to the differences between here and NZ, so at this time i am just looking for alternative avenues so your advice and opinion is awesome. you are right, initially i will be looking to keep things as simple as possible as far as accounting is concerned – my main focus is simply to aquire property and have the servicability to keep them, and use reno or creative techniques to build equity/make them +CF.

Jamie,

I have done a search on LMI and found heaps to read so thanks for the heads up mate, id love to be able to go in with 20% by april next year, as i said i am holding an event that i believe will net me some funds to help reach that goal, but it is great to know that i have that option and that all is not lost if i pull up a tad short, as i want to stick to my deadlines!!!

I really appreciate all your posts and look forward to hearing more,

thanks again guys

DD,

thankyou for the input, really good ideas! i think speaking with numerous agents in the one area will give a far better understanding and one might tell you something another agent decided to leave out!

thanks again

Dave,
thank you for the input, absolutely it makes sense, i take from it that where ever the particular house is i am buying or selling, that agent would have the most knowledge on that area, market rental etc.

thanks again

Thanks richard, thats excellent reading, my gut feeling was that using a broker would better suit us. it has to be said though that everyone wants to do the best job they possibly can when representing themselves, particularly when dealing with banks and lenders, so i thought i’d get a feel for what people did. i wouldnt be surprised if the 35% of people mentioned that used brokers were the more astute investors, the other 65% being people owning their own home only, just hazarding a guess.

any other advice you had on using a broker, or dealing with banks on the first meet would be greatly appreciated,
have a great day

my apologies, his contact details are in the previous post

Thankyou very much for your help so far. to be honest i think we would prefer to go with someone based on the gold coast for a more personable experience, that feeling of knowing who you are dealing with that much better after a coffee or two!

thanks again, i have more questions to follow!!

Ben