Forum Replies Created
The very reason I dumped IP’s and now live the good life…good riddance to property, would rather risk my money on the ASX!!
Thank you all for your advice.
KP – I have a Pty Limited in place for my discretionary, so will now look into a hybrid using the same Pty Ltd (is that possible??)
GP – only assets at this time are shares which I understand I have to distribute the dividends regardless, albeit a “book entry” only. As for Dale’s advice, page 165 in the Q&A makes this statement.
TerryW – I will be looking at a hybrid. Couple of questions you may be able to answer:
1. I am about to purchase an IP (as stated earlier), can I start the process of acquiring funds etc before the hybrid is set up (according to Trust Magic pp117 I can borrow money in my own name, use this money to buy units in the trust, then use the cash to buy the property).
2. How quick does it take to set up a hybrid? Can it be done online somehow?
Regards
Paul
Go away Tim, we don’t need any outsider investors snapping up all our bargains (not) in the ACT!!! TIC [ohno] [oneeyed]. The ACT market is hotting up and property prices are over capitalised also we are falling into the Sydney and Melbourne trap of far toooooo many units being planned and sold off the plan. Over supply with minimal demand, you see we are bush capital and very conservative…give us our 1/4 acre block thankyou. You may get a bargain in today’s figures but be extremely cautious.
