Good idea Amanda,
Put me on the list.
Bris

Used to be in Burnside, east of Adelaide.
Now Bulimba , east of Brisbane.
Love both.

Just found out my accountant spoke c*ap !!!
1./In Qld land tax free threshold for Trusts, companies ect is 300K , NOT 50K as he told me yesterday.
2./ trust splitting does help reducing land tax . Found this from http://www.osr.qld.gov.au/practdir/landtax/lt07-1.pdf :
”
7. Where land (one parcel or more than one parcel) is held in the names of…[Read more]

Terryw I think I will.
My accountant in not very prop sawy…I have been looking for a better one in Bris but have not found one yet…(they seem to all be in Mel or Syd )
ta

Hi Terryw et all,
Just want to update that I have checked the “splitting of one disc trust into 2 ” with my accountant.
He said it won’t work as the land tax man knows to “regroup” the 2 sub-trusts and would calculate the landtax on top of the total value.
Also as I am in Bris, he said the tax free threshold in Qld for trust is very minimum for…[Read more]

I contacted Dale about two weeks ago he said he was not taking in any new client due to staff shortage. I hope that it was not a nice way to REFUSE ME !!!!
Even when saying he was too busy to take in new clients, he did respond to my query email very promptly, I was impressed.
Regards,

Dazzling,
Regarding your “Point 1” can you confirm (or not) my understanding:
Currently I have 2 properties owned by the same Fam Trust and hence suffer from the compounding regime, huge land tax bill!!!
So to applying your point 1, if the trust sells 1% of one property to me then these two props are treated as having 2 different owner entities…[Read more]

Richard,
I saw on Somersoft forum , there is this BIG (Bris Investor Group) that meets every month. Next one is 30 Aug, evening.

Hi 007 ,
I am interested in this Bris get together too, perhasp the details could be posted here or u send e an email please.
Regards,
T

Thank you Daniela & Jarrod.

1./
Living in a nice house, nice clothes, driving nice cars, the wife does not “go to work” (the feminists please do not jump at my throat I know the housewives also WORK at home !!!) , family has lots of time togerther (seen going out together often….)
All those symptoms would give me the PERCEPTION that they are wealthy. How much money they…[Read more]

Dazzling,
Saw the bank.
5.99 fix for 5 years with 1.5% service fee per year. That really means 7.5% per year in total doesn’t it ? not that great ???

Hello Jules,
Yes that was the hardest loan we have ever had and it did work out very well for us. Our hard work plus a few “right decisions at the right time” have placed us in a quite confortable position now….
Cheers,

Hi Caston,
In general the interview panel wants to know how you can add value to their organisation, how well you fit in to their team, and as things change quickly in the IT world they want to know if you are a keen and quick learner with a cando attitude. Do not tell them you why/how the job is good for you. IN ANSWERING ANY QUESTION ASKED,…[Read more]

Richard,
I have sent you an email.
Thanks.

Oshen,
You said
“Being soft and too generous is not fair on yourself. It’s also not fair on the other person because you are creating the opportunity for them to do the wrong thing. That’s why I say I don’t care about how much people complain, as long as I know that what I’m doing is right. Which of course it isn’t always, but it is what I aim…[Read more]

Not yet Dazzling, a friend mentioned that name and told me to ask for that type of loan, hence I want to do some research so that I know what to say/ask at the banker meeting this week.
Do you bank with NAB as well and did you have it for your last big IP ??

Thanks,

Dazzling,
When my son was 9 yrs old I was too busy to play a game of chess with him ( I still remember clearly his disappointed face when he kept “pestering” me to play with him, but I had 1001 other things to do (including wealth creation) and hence said “no”…).

He is now a young adult and HE DOES NOT HAVE TIME to play a game of chess with…[Read more]

Coreyjay,
I read my previous post again and thought it sounded a bit negative about Ben. So just want to clarify that I did not mean Ben would not be able to help you or others …..only my situation he could not do much and he clearly said so.
I intend to see Ben again in the very near future.
regards,

I have been to a Wealth Coach seminar and also have discussed our investment situation with Ben at a private meeting. This was more than a year ago. Found Ben a genuine person however he/Wealth Coach did not offer anything to help my situation. At least he was upfront & honest and I appreciated that.

Feel free to contact me if you want to discuss…[Read more]