Me and my partner signed up for the course on the gold coast 13-15 Aug.Was not expecting anything on shares at the conference and was eventually going to get into them just thought you had to spend a lot of time researching all the financials which i don't have at the moment.No sign of the forum or support, think steve meant that after he has been…[Read more]

Kimberly,Just an extra step in the asset protection/tax minimisation and also to be able to distribute the income to a range of different beneficiaries.As with a LLC with just you as the sole member it is is just a pass through entity so anything you earn will be taxed based on your income level.

Petejac1,Thanks for the reply.I am setting mine up with the trust back here as the sole member after speaking with Tommy's lawyer and accountant over there.is what i was planning on doing but good to get the reassurance off the professionals.Cam

petejac1,Is what I am currently setting up at the moment too, but did you use a discretionary trust here as the single member or just you personally?Cam

Petejac 1,Can you pm me the structure you setup to purchase property in. I have one setup but just want to make sure it is the right option by someone who is already doing it.Cam

Thanks for the replies,Just trying to find the best way to get my structure setup the first time.Agree with you on that as  I did think that having the company also as a beneficiary would open up any assets passed through to it for prosecution.But is there any point having a company as a beneficiary if it is just going to pay franked dividends…[Read more]

Bird dogs are people who find good deals and then sell them onto other investors for a set price as they usually don't have the money to buy the deal themselves.

I am heading over to do the mastermind training in Aug.I plan on having all those setup and money transferred over so that I can hit the ground rolling over there on day 1.You can do it while you are over there but will cut into the time you could be sourcing deals.

I am a part of the mentoring program and agree with emjoy, I would not reject any help from anyone. I understand that some of the people in there such as myself have not got much experiance but a couple have some experiance. I also look through the posts of the normal forum everyday and read most comments posted. I understand that some of it is a…[Read more]

Did you mean Steve’s 11 second solution?

Cam