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It's just a removal. The house is not needed. So I wouldn't have to pay anything to the removalists?
Cheers
Good work. Thank you for clearing that up guys.
Thanks Michael but he is not covered. That's the problem.
Already done Richard. All I could find is that he's a CPA specialized in property.
http://www.cpaaustralia.com.au/apps/finder/cpa/cpadetails.aspx?cpaid=9505935&postcode=4066
Thank you for your comments guys.
Once I have purchased a few +CF properties I want to then balance my portfolio and purchase capital growth properties. Plus I also want the option to deduct interest if I have to.
If for example my parents would borrow money in their name then buy units in the trust. What would be the problem if they are the beneficiaries/unit holders of the trust. There should be nothing wrong with deducting the interest if they are the income receivers of the trust.
What about just a unit trust?
Thank you for your advice guys. It's much appreciated.
Catalyst:
I use different strategies when looking for properties. I would like to try them all out if one day I have enough funds to do so. At the moment I am focusing on positive cash flow properties since I am just starting out and don't have a lot of savings. I am a student and know Brisbane and its suburbs very well and kind of know where the renting hot spots are.
How do I know that the properties are good and how can I source properties that a mentor cannot?
1. How do I know that the properties are good? The reason that I love property investing is that it is simple math. If the numbers add up then you have found a good deal. Sure you have to do your research on the property and try to figure out if there are any likely hidden future costs etc. There are a LOT of profitable deals out there if you know what you are looking for.
2. How can I source properties that a mentor cannot? I didn't mean to say that I can source properties that a mentor cannot. I was rather suggesting that if I found properties I knew the mentor was looking for and I couldn’t obtain finance then I could pass them on to him/her. From my experience I have learned that two brains are always better than one.
Thanks guys
