Hi,

I’m really interested too. Email sent to adam.risborg@gmail.com

Thanks,

Mucho thankso

Ask a professional however….

I just read “How to legally reduce your tax” by Tony Melvin & Ed Chan. It is specifically about Australian tax laws and its a 2009 to 2010 edition.

Its 80% about Trusts. There are many types and it compares them all. There is a solution to your exact concerns.

Good luck.

Oh and its written in such a way that it…[Read more]

Buying and holding land sounds like a hard way to make money (becuase there’s no rent) unless you’ve going to do something with it straight away (like sub-divide or get planning permission done and then sell it or build and sell it).

Do you have an ROI strategy?

You said:Quote: “…query on what to do and how to know weather or not I am…[Read more]

CGT may not be too bad (tax is a good problem to have because it means you’re making money)… however, you’re right to take it into consideration because you need to think “would I get better ROI somewhere else?”

…also, if it takes over 12 months, you’ll probably get a 50% discount on that (but check that with your accountant)

Thanks. I’ll check with my accountant now I know there’s a chance I can claim it one day.

Cheers

Are there any caveats in the contract such as “subject to finance”, “subject to due diligence”, “subject to ANYTHING” ???

So TIC only offer brand new properties (mostly units – I think someone said)?

I don’t have anything legal to say other than:

if this delay is going to cost you (and if other options fail) you could offer them a financial incentive to move out earlier eg no rent for the final X week(s) if they’re out by XYZ

…again: I’m not even sure if that idea is legal (so go check before doing it)

Ha ha.
23 views and no replies. I guess its a badly worded question. I’ll get a full example this weekend and post it here (assuming they do this on “Christmas” weekend.

Thanks for reading

Do accountants do things like setup investment structures (eg trusts).

I’m new to this and need professional advice on this (as well as an accountant who own investment properties and knows about claiming every legal expense)

Hey Ash,

I don’t want to hijack your thread but I’m interested in the Rich Dad training too. Are you doing the coaching too? Can you tell me how the training is going? I’m just wondering how “American” related it is (especially the coaching part of it). Thanks.

Chiz

Thanks for taking the time to answer Richard and quickchick. I take you point about investing in training / knowledge before I step out and buy my first investment property.

I read the info on “Ten disadvantages of Cross-Collateralising your property portfolio” on your web site Richard. Interesting. Thanks.

Chiz

Very interesting watching those Gold and Silver videos. Especially the bit in the ‘part 2’ about Silver going up by a factor of 40 (and gold by a factor of 5).

Ah ha! Found it myself in the end.

https://www.propertyinvesting.com/forums/community/heads-up/6845

Good point about the hazard

thanks