Motivation for selling….Cah flow issues. That's it, if we can fix up our shortfall some how, I'd rather hold the property as it in a great location. Specifically, Southport, QLD. next to no vacancy rate, other expenses are relitively low, it's just a cashflow issue.Thanks for the assistance.Gav H

Send details,[email protected],Gav H

I can't stress the importance of educating yourself as much as you can. I took some peoples word for it when I baught my first IP in 04, didn't do too bad but could have done alot better if I had the education (still very limited) I have know. You need a definate plan. What are you trying to achieve out of your property investment? Growth, ca…[Read more]

When I went in Sydney I was 'sponsored' by Hans Jakkobi as I was a subscriber to his web site at the time.At the end they gave me a feed-back form and asked me to give them numbers of how many people I know that might be interested. A few weeks later I received 10 free tickets in the mail.I didn't know it at the time but quite alot of people a…[Read more]

Something I've been thinking about.What if you sold a 'share'of the proprty to someone else, not a share of the title, but a 'share' in the value. Then baught it back off them at a later date (Obviously if the propert doubled, there 'share' would double). Draw up contract of course. Something along the lines of. "purchasing 1 share for the same va…[Read more]

I am in a similar situation. 2 IP's and have recently established a trust. If the reason you want the IP's in your trust is soley asset protection then drawing down the equity will be the cheapest and most effective way to do it.Even if you just set up a line of credit against the equity and not use it 'til you need it. Might cost you $20 amonth…[Read more]

Another option would be to set up a trust only and have yourself as the trustee. It's cheaper short term to get started and will get the ball rolling. You can still disburse funds to the lowest wage earner so the tax benifits are still there if you want to sell or the property is positively geared. All going well and as the portfolio grows, you…[Read more]

Scott no mates.No.She is already receiving an entitlement. The transfer would not increase her payment. Thanks for the heads up.Gav H

I went to the same thing two years ago. I really enjoyed it. I say do it and make up your own mind. Good luck.Gav H

Check out http://www.tridentpress.com.auThere's a great book on there called The Tax Solution. It has a chapter or two related to trust structures, their benifits and reasons for establishing them.If you are not in a high risk industry where you are likely to be sued, personally is probably the best way to by IP in the beginning. You can right off loss…[Read more]

1984 Holden Panelvan. (SHGN)Paid $5k three years ago, still worth $5k today. Shame about inflation though.I do have a moto too. '98 Honda VFR 800. No I don't have life insurance, yes I know I should.Looking at an E55 AMG Mercedes for the next car. I'll wait a few years to buy it as the val drops about 20% each year. Should be able to trade the p…[Read more]

David.My mother in law only needs $50k. (pay out the bank and some other small debit) and she's not in a position financiallyto borrow against the property and do renovations herself.She wants the property to go to good use and it's not at the moment. It's un-rentable and empty. Not a good position for an asset to be in.The mother in law would…[Read more]

Richard.I knew i joined this site for good reason.Looking at setting up a new trust/company so you have just saved me quite a few hundred dollars. Thank you!!Gav.

Mike KingYou will be looking at $720.00 if you want to buy a shelf company yourself. You can do that on the net but I would recomend talking with a solicitor and or an accountant (talk to as many as you need until you find one you like) about the correct structure for you.A solicitors professional fees to set up a company and discretionary trust…[Read more]