Propertyboy, a few questions if I may? I am Strata Titling some units right now and have come across similar queries. Who did you use for your Residential Strata insurance Certificate of insurance? Did you shop around for this and see much variation in policy and price? Was this organised through your Strata Manager? If so, did they give you a pac…[Read more]

FYI – Vero and Terri Scheer are Suncorp brands. As is AAMI and a whole bunch of others. That said, they have different policies, terms, sales and support teams.

Hi there, yes, I have progressed this and close to pulling the trigger after I re-balance some finances. After much research the breakdown is as follows;1st thing – Yes, the owners corporation is mandatory. Even for 2 villas like yours.1. Surveyor – Measurements, submission of strata plan subdivision to NSW LPMA ~$2200-3500 + GST (Get quotes from…[Read more]

Fair dinkum, some of you folks have lots of money. $610k median house price!What sort of buy were you thinking? Unit, House, Renovate?Keen to understand what sort of strategy you have investing in an area like this. Mainly because it is the opposite of anything I think about. The holding costs must be very high and the yield super low, so your…[Read more]

An interesting take. Thanks for sharing

I use Suncorp and Calliden (through a broker).Haven't had to claim on either, which I reckon is the real test of quality and customer experience.

fWord wrote:

emptyvessel wrote:
Seems to be some very angry people out there that hate property investors. They think we are all rich land barons crushing the will of our poor "serfs" through our unbridled greed. Angry little people.

Well I've read this many times before: it is investors that drive up rents and homebuyers/ owner-occupiers…[Read more]

Bump – No recommendations?

Thanks for the offer. I will drop you a line tommorrow for a chat.

Darn confusing. Thanks for helping me bounce some ideas around.I tried reading some of Chris's post, but about 95% of it went way over my head. I went on and read about the Land Tax Trusts they use and everything seems tied up with an SMSF transition strategy. I am not comfortable with my super being in property as well. I have been trying to keep…[Read more]

What if I gift it to the trust?Unit trust initially. Me as income unit holder. Mrs and kids (or family trust) as capital unit holders. Unit trust borrows using the equity I gifted. I pay the interest payments, thus any negative shortfall I can claim as negative gearing. Then after a few years, as the property goes neutral to positive geared, it…[Read more]

Interesting.Could I just keep the current properties in my name and just extract the equity to fund the purchases inside the trust going forward? That way, anyone wishing to sue me as an individual would see that I owe far more money than I have in equity. Thus negating the benefits of chasing me.This is why I need a top notch accountant that has…[Read more]

Thanks Terry.You mention that "setting up a trust later is too late."Well, it is too late for me. But I read all sorts stuff, like that from Chris Batten's team, that says I can significantly benefit from a trust going forward.Can I redirect all my individual-owned property and put it into a unit trust that later converts into a discretionary…[Read more]

Nice one Anthony.Can you please add a commentary on the use of the right investment structures? I am continuing to get massively conflicting advice from experts on the use of trusts. FYI – I am an active equities and property investor with 4 IP's (well, 2 becoming 4 after a strata title)

DetroitDan9 wrote:
NaughtyJ, LOL I had to laugh at your post. People can spend way too much time reading articles and less time actually doing it themselves. The best way to learn is to jump in, instead of having paralysis by analysis! I often see this with a lot of people who "want to invest in the US" they want to get involved, but have to…[Read more]

Yeah, I saw a heated debate on another forum about this. Some folks presented reasonable evidence to suggest that there actually wasn't a shortage and there wasn't a real rise in rents.Seems to be some very angry people out there that hate property investors. They think we are all rich land barons crushing the will of our poor "serfs" through our…[Read more]

Thought about selling the PPOR and renting same or better in the same area? Probably for a lower per-week out of pocket. No CGT, you clear the non-deductible debt, possibly the boat as well.If the IP's are in your wife's name, as you say. Perhaps she stops or cuts back on work? It all depends on why she is working. i.e. If it is for career and…[Read more]

Help me understand. If I am an investor that keeps 80% LVR, yet uses negative gearing and depreciation etc to result in a positive net cashflow, am I still a target of this? I think yes, but am confused.As far as I can tell, this will only cause a temporary drop in prices as;Investors back off and try to put their rents up faster, with varying…[Read more]

Shape wrote:
Long term…. This involves setting up the right loan structure. 1. PPOR set up with Offset account 2. All IP set up as a basic loan on an IO ( interest only – important), with no connecting "accounts" 3. All rent + all income goes into PPOR offset 4. All repayments and bills for PPOR and IP also comes out from this PPOR offset.…[Read more]

Best case study ever!