No, you can only buy it form his website: http://www.gatherumgoss.com it costs approx.

Sorry about that (thinking of another audio program – it is worth it though! – Thanks Chan$).

Rgds.
Lucifer_au

Umm the answer is yes you can Henry (simply form a company)…

Of course you don’t actually pay yourself a ‘full’ salary (say $45K), rather you turn you personal expenses into company exepenses, and then pay yourself the left over amount. You of course want to keep as much money in the company (unless you want to buy an PPOR, etc), rather than…[Read more]

>”Don’t Australian shareholder employees pay provisional tax exactly the same as individual sole traders do?”

Perhaps (I’m not sure what your question is though…???). But anyway, a company will NEVER, EVER pay more than 30% tax rate (and thats after all tax deductible expenses and after paying out employees (i.e. you) up to $20K per employee@…[Read more]

I know a company can claim HECS debt as well as other education fees (upskilling employees)…

“It may not be significant (as it would be hard to justify), nevertheless something is better than nothing.”

Also as skippy girl mentioned thats for unearned income, simply make them do some odd jobs and then it’s normal tax scales which is- $0-$6K =…[Read more]

When you say a “trustfund” what do you mean??? There are no legal entites that are “trust funds”.

I would recommend you set up a trust and appoint your comany as the trustee, as this adds an extra layer of legal protection.

In regards to what type of trust (family, share, etc) to use, you have to expalin your strategy – will you be buying buy…[Read more]

Love interest only! I couldn’t are if the banks only offered I.O. loans!!

There are many finance options you can use, for example if you have a high income and own your own home (with a mortgage on it) you can take advantage of a tax loophole to pay your mortgage off while still getting the full benefit of tax deductability.

In the end it…[Read more]

I do the 11 second solution, get the property and then try and buy it for nothing down. Also 6% is pretty poor.

Rgds.
Lucifer_au

I would say vampire for a couple of reasons: 1) I stay up till the wee hours of the morn; 2) I want to see BLOOD!!! not boody parts!

Rgds.
Lucifer_au

It’s a bit of a stretch. I don’t deal with houses this expensive so I can’t comment, but if the house is a nice one it could be potentially worth it.

Rgds.
Lucifer_au

Do you wish to invest there??? In which case unless you have a large amount of money and are willing to travel and set up corporations, I would encourage you to buy at least one here so you can get a feeling for investing (rather than trying to chase low interest rates). Also travelling costs could kill any rental return.

Also you will have to…[Read more]

Yes it will, I need your income to tell you exactly how much.

At $70K income, having $7,500 CC will reduce your borrowing potnetial by approx. $40K, with $15K it gets reduced by another $40K, though this is a generalisation, and of course your individual details could be very different from my assumptions.

Rgds.
Lucifer_au

In this case you are the appointer, the company is the trustee and you are a benficiary.

Rgds.
Lucifer_au

Interesting wrappack!

(Good to see you approached the layer rather than the victim, I’m mean widow (L0L @ kay henry) – only ribbing u wrappack ([tongue][wink2]).

The public trustee is just another bureaucracy!!
I try and avoid the State Gov. like the plague!!

Anyway I guess the biggest prob. was finding out their assets – for example did they…[Read more]

Knowing how TerryW plays (at least on the forums) is, I would say Yes!!!

Rgds.
Lucifer_au

Please drop, please drop, please drop… I want to see blood on the streets!!!

Rgds.
Lucifer_au

I would want to make at least $40. Also can you afford to have it non-performing for at least a couple of weeks (if you can’t don’t do it…). Also how mauch are you putting in for a deposit???

Rgds.
Lucifer_au

No I’m not. All I’m saying is that high consumer spending has, for a large part, fueled high growth. You wanted to know why the media places such a large emphasis on interest rates, and I told you a very likely reason.

Wether debt is “good” or “bad”, from an economic point of view is irrelevant. It’s just a factor in the economy – one that can…[Read more]

Becareful, you will probably need an independent valuation done to satisfy the ATO. The tend to look quite closely at all deals that aren’t at arms length.

Rgds.
Lucifer_au

The avarage house in Syd is $400K, so the repayments would add an extra $100 p/m. But for most people that isn’t where the majortiy of the interest rates hit. Rather it is personal loans and credit cards, because tha banks increase their margins higer than the rate rise, so cards can go from 16.5% to 17.25% even with a tiny 0.25% rate rise.

Also…[Read more]

I guess you could kill the 2nd valuer, and that could act a as a warning to the third….

Also you could give a fact sheet to the valuer, that incs. any major new developments and recent sales in your area (of course you might select house sales that just happen to be on the high side).

Rgds.
Lucifer_au