Yeah if the Vendor doesn’t need the money now why not make it a longer deal. Maybe offer something like 8% over 5 years that way they are receiving passive income of $13600 p.a which may attractive to them and give a chance to restructure down the track. Lots of options and combinations it is just finding the right one!

I believe the event was filmed for DVD and so will be available some time soon so you will be able to watch the seminar over and over again, I assume notes would be provided also so you will have all the tools you need

I am investing in a project with similar numbers. What I have done to ensure that I am confident in the investment is:
Visit the area and get a feel for being on the ground
Research the attractions and prices of the area via the internet
Made sure I understand the sale process and likelyhood of getting my money back on time
Made sure I understand…[Read more]

Martin’s book is not the how to of development rather it is based on personal development. I believe that a DVD of Martin’s recent seminar may be made available some time this year so if you want the nuts and bolts wait for that!!

Your capital gains wouldn’t be what you sell for less what you owe rather what you sell for less purchase price (and of course all the other incidentals) so your tax bill might not be as high as you think.

Not sure if this is right but this is my understand of selling to a trust in your case. Selling to a trust would be purely on paper so I…[Read more]

The RESULTS program has been great, we receive Folders Audio CD’s and DVD’s which in itself is very good. The real value comes however from the access to coaching and networking with other participants who through being part of the program are dedicated to improving their financial situation and sharing with the group. As long as you are self…[Read more]

It will depend on the timing of your purchases. if they were bought post 1/7/00 you will be able claim the FHOG (as long as you qualify under under points). The below extract is taken from http://www.firsthome.gov.au check it out for more information

To qualify for assistance, neither the applicant nor their spouse (or de facto) must have owned a…[Read more]

Usually they charge a higher rate of interest and a higher price to get their profit, the vendor is effectively the bank. In this circumstance however it may be a case of the vendor needing cashflow in which sence you are doing them a favour, therefore you should get charged market or discount rates. Do some research but could be a good option to…[Read more]

I’m working at Springvale Cemetary doing subcontracting work on the lawns at the moment, think it is owned by a Trust of some sort. Huge place, 426 Hectares or so and growing, whenever an ajoining property goes up for sale they buy it!

I wouldn’t think there is an allocation. It would be first come first served, Natuarally the “home” state will have more participants as they probably won’t have the associated travel and accom costs. I suggest you get in asap if interested

Yeah you’ll have to keep coming up with the deposits as each deal is seperate.
Some ways to move onto your second deal
Use that $10,000 from the first deal
Save money from your job
Use profits from the first wrap to build up deposit
Find money partners. If you can do a deal returning 20% go 50/50 partners, you’ll have no money down in the deal and…[Read more]

Things to consider
Could you live in the house for 6 months as well as renting rooms to friends?
It seems in Qld you have a much bigger stamp duty advantage by buying a PPOR balancing out rental income earnt in scenario 2. It really depend son your stragegy and if you can see a use for the FHBG further down the track

Before buying something like that I’d be weighing up what else I could get for the some price in the area. It seems to me that for the same price in the same area you might be able to have triple the land on an older home. Obviously there are advantages and disadvantages on both options but make sure you weigh it all up and focus on the investment…[Read more]

If you educate yourself and really want to invest there is no reason to wait so long. Don’t let age be a barrier, be confident in what you do and who cares how old your are!! Maybe you could find money partners to help you get started? There are so many possibilities out there, all the best!!

Maybe you should start a post that shows the numbers in the deals you have found and see if anyone is interested in being a money partner. There are different ways to go about this by either having part share in the deals or offering a return on their money. Eg The deal may return 25% p.a and you could give them 15% and keep the 10% with no money…[Read more]

I’ve been researching the area recently and I will be investing in the Latrobe Valley area. Like giraffe prob easiest you PM me your number and we can chat

1) In most cases yes, it can be vital to get the structure right from the start to have tax advantages later and not to max out your borrowing capicity as an individual

2) Probably about standard, if you want to get out of it a bit cheaper at about $1400 for a company/trust structure I used http://www.espreon.com/ The extra $600 would be…[Read more]

You probably want to look into what it will cost you to do that. Getting the right structure can save a lot of money. You might be paying stamp duty twice unneccessarily. I assume that you wouldn’t charge a higher price for the house when you sold it to your child but if you did a capital gains tax would also apply. Maybe some sort of Trust…[Read more]

This type of transaction is usually treated as ordinary income. To be eligible for the 50% discount you will have to hold on to the property 12 months before entering into the Rent to buy contract. As it is usually bought and sold quickly you will not be eligable. Don’t worry too much though here is a quick comparison.

Onselling the property…[Read more]

I beleive that the treatment would be based on the emerging profits basis. Eg if your Rent to Buy contract lasted for 30 years to earn that $30k profit then you would be taxed $1000 per year. Unfortunately the CGT discount doesn’t apply to this type of transaction