Terryw wrote:
eg. What if you set up using a discretionary trust with a company as trustee.A tenant gets injured and sues the owner – the $2 company has no assets but the assets of the trust could be at risk. Generally the people behing the company are safe. Directors are more at risk, but shareholders of a company can only lose the value of…[Read more]

Certainly keep reading through the forum, as well as books, magazines etc so you can be prepared to actively discuss your accountant's thoughts (rather than just blindly taking advice that is given), but be prepared that your accountant may advise setting up a trust (in the early stages anyway). I am aware that many very active investors haven't…[Read more]

Hi JanineSimilar to you, I researched this forum and books, magazines etc etc etc about trusts before going to my accountant for advice (who owns IPs themselves and has other clients with IPs and trusts). We have a set up similar to what Jamie is referring to above (second mortgage against our PPOR for investment deposits etc). When I talked with…[Read more]

Hi GGood question and I would also be interested in the response. I visited my accountant the other day to enquire about establishing a trust and was advised that even though trusts may be popular, they are very complicated to manage and may not provide all the benefits that we first assume they would (ie a trust may not provide the asset…[Read more]

Some brilliant resources here, many thanks. the idcommunity website is very detailed, and I think has done half my demographics research for me!!

JoshReading previous articles on your blog and your comments above about ensuring the population has >30 000 people (and more than 1 employer I assume) as a sustainable investment area, you have favourable comments on Mackay. What are your thoughts on Rockhampton? Appears to tick many boxes with population, several employers, uni etc. However, you…[Read more]

Many thanks NathanLooks good. The thing I like about the ABS data is that I can get trend information (e.g is the population increasing/decreasing etc..). Cheers,

Thanks JamieI was looking for demographics and employment/economic information at a regional level to target areas worth further investigation. Cheers,

Interesting comments Gloveboxinvestor and your comments provide a sanity check. Any further comments from Portfolio PI?? You appear to have gone underground recently??

Trawling through the archives on this forum, I found an interesting thread and commentary about mining towns – https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447. Any further comments Portfolio PI, you seem to have gone underground lately??

Hi TerryMany thanks for the advice – answered my question exactly. Cheers,

Many thanks TerryThe can of worms is getting messier. Even if I pay CGT on the transfer of my ownership to my partner to allow me to claim CGT on my investment property (which I initially lived in), I am feeling that when we sell our current PPOR in 15 years time things could be messy since I claimed CGT benefits on a previous property (even…[Read more]

Hi Terry, Could you explain a little further please?  Our PPOR is in NSW, investment property (my name only) is in ACT. Cheers,

Many thanks Terry…..The ATO didn't come down in the last shower….. Time for the thinking cap. It has clarified my approach whether/when to sell the apartment…Cheers,

Many thanks for your comments, I am sure the ATO have this well covered!So… to complicate things, what would happen if I 'sold' my ownership in our current PPOR to my partner so he became sole owner of our PPOR. I would transfer my ownership to my partner in our PPOR before selling my investment property – since I am taking my name off the title…[Read more]

Hi I am going against the grain here and as a newbie investor myself, I have decided to enrol in a course for a few reasons. I have been reading a number of books over the past year and just found that I had information overload. As an experienced investor, you may be able to sort through all the messages, but for me, I found that one expert…[Read more]

Many thanks Emma and Denis for your checklists. Tools such as these provide a great starting point for newbies such as myself. I am beginning to feeling a little more confident about what to look for in a property (just need to hone my skills to make sure I purchase for the right price! – any ideas??)

Hi everyoneI'm jumping into this forum as I too am a new investor (have 1 IP that I fell into) and now have the bug!! Similar to many other new investors, I am doing plenty of reading (trying to establish a criteria for 'that' property), although I still don't feel any closer to making the move. My partner and I have an IP loan pre-approved…[Read more]