To properly use an Accountant you have to know as much info as they do, so I would do as TerryW suggests! Because the more you know, the harder they will work for you, and the less tax you will pay.

In regards to your plan. It’s isn’t that difficult. All you want is a trust set up, with a corporate trustee (this is a company that acts as a…[Read more]

“Positively Geared Investment Services”

If you swaped the letters I and G around you get PIGS!

I wonder how many level 3 PIGS signed up for this one????

*Pls Note: If you have read the 7 lvls. of investors you will get the joke.

Rgds.
Lucifer_au

We don’t like to structure our deals with buyers being tennants (unless doing LO’s and we are forced too). Mainly because of non-payment issues. If people stop paying we don’t want to have to wait long periods of time to take back the house (and where we have to pay for it with a non performing buyer).

Rgds.
Lucifer_au

It’s a nice document, but who is it for??? Is it for you? Or for your accountant?

Also you might want to add a charity as a beneficary too, as courts tend not to want break trust up because there is an outside interest/beneficiary.

Also it good to give.

Rgds.
Lucifer_au

They will be slightly negativly geared (just uosing Steve’s 10 sec’ formula). Can you afford them, if you buy them (factor in worst case scenario – 2 units being untennated)? Do they have goodpotential for Capital gain? What is the upside?

We need alot more info about your goals as well as about the proerty. Or so if we are to give an opinon or…[Read more]

A financial planner makes no $$$ when dealing with wraps or anything in RE (buy & hold, etc). They only make money selling share funds, indvidual shares and proerty trusts, so your not really going to find much help from that source.

Rgds.
Lucifer_au

Heres some info (it might be not what you are looking for, but considering how closely structured LO are to wraps, it should provide a bit of backgorund info:
http://www.propertytalk.co.nz/modules.php?name=Forums&file=viewtopic&t=327&highlight=wrap

Rgds.
Lucifer_au

I kow someone from overseas who tried to get a loan (this was approx. 6yrs ago), to qualify for a normal bank loan thay had to of stayed here for more than 1yr (from memory). They were here for about 6 months, so they were denied the loan.

Rgds.
Lucifer_au

When it comes to Uni it can be difficult to get a loan. So the other alternative is to start a business, so either Vending, Network marketing, franchise (where you put time in, rather than puting a lot of $$$ in, but you might have to deal with smaller companies) or aa internet business or finally become a reseller of property (for example find…[Read more]

My worry is about non payment (okay not with internet, that just gets turned off) but with large screen TVs, etc. I think it would be hard to get a judgement for non-payment aginst someone who moved into your property, signed up for the deal and then re-neged on it (but still kept paying rent).

While a good idea in principal, practically speaking…[Read more]

Sorry admin, but you can add three more to the complaints list… (http://propertyinvesting.com/forum/topic.asp?TOPIC_ID=9866).

Rgds.
Lucifer_au

Well said Derek! Learning to minimise the down side is a vital skill, as it can make all the difference between a good or poor investment and a great one!

Rgds.
Lucifer_au

With putting a charity as a beneficary, courts tend to see it as being as a proper trust (rather than as a asset protection device, etc), and they do not like to pull them apart if there is an outside beneficary as well. Also it’s good to give back to the community.

(please note, I’m noting saying you should have an outside beneficary, but it can…[Read more]

I just want to say all the brokers that post here on a regular basis are good (form what I know and cooments like these I’ve read). Fantastic that also many of them own property too!

Rgds.
Lucifer_au

But heres what I find funny. We give the tools for someone to get out of debt for FREE (you seem to have trouble grasping that concept), and you offer no advice – except go get some counselling? Well where? Financial planners office? Were they can sell mutual funds? Where? Provide some places. Or how about you do some research just as me and…[Read more]

Well considering this forum is all abought property… I would suggest you buy a business….

Only j/king… But it’s kind of a hard Qs to answer since us strangers here have no idea about your skill set. We could say buy property, but if you built a business and floated on the stock market, and made over a couple of mill, we’ve just given you…[Read more]

Monopoly – John Burley promises that you can be finacially free of all debts (inc. CC + PPOR) within 7 yrs, if you follow his easy system (he gives it free, as I mentioned before, or you can read about it in Money Secrets of the Rich.

Rgds.
Lucifer_au.

You could put a claped out 25yr old+ Car in a trust… So yes, HouseBoats are fine.

Though it might not be worth your while putting your HB into a trust (what is the value of it?, is it an asset? Are you getting income from it?, or are you just worried about being sued???). More dtails needed!

Rgds.
Lucifer_au

A wrap is where you basically offer finance (loan) on a house, while with a LO, a proportion of the rent is set aside for either a deposit or pay off a loan. As you noted though, in reality there isn’t that much that is different (on how they ooperate day to day).

I guess you use within different situations. If someone is on rent assis. with the…[Read more]

I would second RussH. I would highly recommend all people buy the book.

As a stop gap you can get some more info on getting out of debt here: http://www.johnburley.com/free_downloads.html
(you have to sign up, but they have never sent me any spam or even an email…).

Rgds.
Lucifer_au