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  • Profile photo of Daneo79Daneo79
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    I meant professional

    Profile photo of Daneo79Daneo79
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    @daneo79
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    A good book for beginners is 'Family Trusts' by N E Renton. This will give you a good basic knowledge of any trust you may want to set up for your circumstances.
    You can get a discretionary trust set up over the internet for around $800 ( read the book so you know what to ask for)
    note: above mentioned book has no connection to trust sites.
    And can buy a shelf company on the internet for around $500 to go as trustee.(purchase company first)

    Just some things for you to research if your serious about setting up an asset protection structure.
    Also, once you have educated yourself on the correct trust structure for you, it would not hurt to speak to a proffesional before biting the bullet. 

    Profile photo of Daneo79Daneo79
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    what is a torrens title? and does it apply/ available in WA?

    Profile photo of Daneo79Daneo79
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    I agree with clars83,
    would not be using any sheet fencing material to build a retaining wall. Too light and not its intended use.
    If the wall is going to be over 1m high then you will need to think about adding extra material/ footing behind the base to prevent movement

     

       

    Profile photo of Daneo79Daneo79
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    Thanks Michael, Terry.

    I thought so, but when reading books, articles and listening to audio books you can't ask them questions!
    A process to suit my circumstances can be formed and shaped through the vast amount of info available today, but even so, you still need people in the industry to bounce questions off.

    Once again, thanks

    Profile photo of Daneo79Daneo79
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    @daneo79
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    I have not found any CF+ houses in new estates around city CBDs or surrounding suburbs.
    Mining towns can offer good yields on a new property but the entry price is high.

    Does your visa allow entering into a joint venture with a small developer and build new units on a rezoned site?
    Joint ventures can be a good option to overcome difficult situations.

    The best way to find someone to team up with is be around like minded people in forums like this. :)

    Profile photo of Daneo79Daneo79
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    yeh,
    that’s what I thought.
    They did say that it had to be set up properly from the start.
    More for an investor with a varied portfolio looking for balance.

    I have been told to be cautious of hybrid trusts and just stick with a discretionary trust.
    A discretionary trust can be set up easily and offer good flexibility.

    Profile photo of Daneo79Daneo79
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    @daneo79
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    I haven’t done this yet and don’t need to yet but I was told by a mentor that you can link trusts.
    I think you add the trust as a beneficiary?
    So the windfall from one trust can pay for the debt of another.
    This would be used if someone had many properties,positive and negatively geared, and didn’t want to hold them all in one (trust) basket

    Can anyone validate this or add any information?

    Profile photo of Daneo79Daneo79
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    where can I get a black ivory back scratcher?

    Profile photo of Daneo79Daneo79
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    Hi Richard,
    Can you please send me a copy of your article? [email protected]
    I am a regular reader of API and have learnt a lot from the range of topics covered.

    I have done a lot of research and i am ready to buy my 1st IP. I want to get the structure right from the start.
    When setting up a DF Trust with corporate trustee, do i use a non trading shelf company?
    And who is the best person to set up the trust?

Viewing 10 posts - 21 through 30 (of 30 total)