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  • Profile photo of brindabellabrindabella
    Participant
    @brindabella
    Join Date: 2005
    Post Count: 11
    February 24, 2005 - 6:29 am

    Scott – thank you once again for your input.
    Yes we have broached this withour accountant.he was more concerned about having to pay stamp duty to transfer the papers into my wifes name only (technically as she is buying me out)…but thanks for your insight. ( we are slowly learning the processes).

    By the way Scott do you guys have a rep in Canberra we may call on for a depreciation schedule – when the time comes.

    Regards
    Boris & Elizabeth.

    “Always have a plan B”
    BB

    Profile photo of brindabellabrindabella
    Participant
    @brindabella
    Join Date: 2005
    Post Count: 11
    February 23, 2005 - 11:18 am

    Phil..thank you.

    B&E.

    “Always have a plan B”
    BB

    Profile photo of brindabellabrindabella
    Participant
    @brindabella
    Join Date: 2005
    Post Count: 11
    February 20, 2005 - 9:03 am

    Scott – Thank you for your input…understand what you are saying.

    regards
    Boris&Elizabeth

    Profile photo of brindabellabrindabella
    Participant
    @brindabella
    Join Date: 2005
    Post Count: 11
    February 12, 2005 - 6:18 am

    Nads73 – Hi there..my wife and I have faced similar stiff lip opposition from our own family memebers, simply because “negative gearing” is the only solution they know.
    My wife and I have read easy to follow books from Margaret Lomas (Destiny Financial Solutions) which ealoboartes on negative gearing (good and bad) as well as positive cashflow properties (good and bad).
    Might be worthwhile to have a look at these and go from there. On the accountant front we also faced a similar situation. We have stuck with him and made hime aware of “other” methods of investing ie: positive cashflow.

    Good luck.

    “Always have a plan B”
    BB

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