Het Westan,

Completely agree with your comments and I hope others take note. Just staying their bumming around, may get you into trouble. I’m sure theirs plenty of chef jobs over their for me to take part in while I visit my properties and hopefully buy more or even spot for Mini. God knows I have worked with many kiwi chefs here that have…[Read more]

Hi Guys,

I just want to make some general comments here as this topic could open up a can of worms if you know what I mean!!. Westan’s right, Nigels right, GP is right in a way!

One main difference between Australian Trust and NZ one is that the residency tax status of a NZ trust is determined by the Settlor whereas in Oz its determined by the…[Read more]

Goodmorning Mini Mogul,

I tell you what I think. I think your chances are extremely good because your a legend. I also think you will have to change your name to AKA mighty Mogul.

Godbless & thanks for coming!

Phil & Kate,

Basically tell your accountant to go on holidays because he needs one.You should set up the structure first, & then go buy IP’s. As for your PPOR, maybe have Joint ownership 99% to 1% and be fully insured inside & out. If you run a business in your own names then change the structure as to seperate yourselves from the house.Go take…[Read more]

HI THERE,

I HAVE A COUPLE OF SUGGESTIONS FOR YOU. FIRSTLY GO SEE A PROPERTY TAX EXPERT. I RECOMMEND CHRIS BATTEN (CHRISBATTEN.COM.AU).

I HAVE BEEN TO SEE HIM, HE HAS SET UP A HYBRID DISCRETIONARY TRUST. HE IS THE BEST IN THE BUSINESS.THIS STRUCTURE ENABLES ME TO CLAIM THE LOSS ON MY PERSONAL INCOME, IF I GET INTO A NEGATIVE GEARING…[Read more]

Houses,

Its all about affordability. Sydney & Melbourne are out of reach for many, & that’s why there is a good chance that rate of growth will slow. The people that are going to get hammered, are the investment unit buyers,because of an over supply problem,and the fact that in comparison to houses on a land basis, they are more expensive. It’s…[Read more]

GuYS,

Things are getting out of control here. We are steering away from what we were all talking about. Its not about which is better, its about if negative gearing works or not.Simply put, if done right, it works.

The facts are both strategies work, but people that have cash flow positive properties have obviously different financial goals to…[Read more]

Crashy,

Simply put, your pessimistic view on negative gearing is wrong. Sure people have been burn’t by it, but that is because they don’t know what there doing. They are not educated, they go out & buy an overpriced $500,000 unit in the city, & lose big time. Or they might buy a 40 year old unit because its cheap, & lose all of the advantages of…[Read more]