Thanks Everyone for your contribution.I am not incurring bank fees yet since I have not setup a Trust account. But if I do, the bank won't set an account up unless it is a business account and the account has monthly fees.Apart from above fees I listed, additional fees are changes to the Trust Deed will incur fees of about $500.Thanks Elka for…[Read more]

Thanks you Gavin and Cyclist for your feedback. I will tread slowly with Townsville.

Thanks and regards…[blink]

Thanks Mikala for your response. Good to hear your IP is doing well.

You mentioned Kirwan and old property. I figured that I woun’t be able to get a relatively new house for $250K?

Thanks for the tip. I will get in touch with a couple of Agents and hound them.

Thanks and regards…[blush2]

Hello,

I too had just read Margaret Lomas’ books and it was a great enlightenment for someone like myself. I had just acquired Steve McKnight’s book and is reading through that as well.

I like to know whether the Tax Office has problems with Margaret’s concepts ie.
(1) A Account #1 for personal home loan.
(2) A Account #2 for investment…[Read more]