Im in Melb but I would say that there are not many investors investing in Adelaide but rather SA – If your looking for an investment property, there are many in Whyalla and Port Pirie.
If its not an investment property, but rather a PPOR in Adelaide, then contact agents for properties that meet your criteria. Then work back to front,…[Read more]
From your post, I assume your still looking for a property that meets your criteria – If so, you need to contact agents in the area as many as you can and tell them what you want.
Thanks so much Kev and Mini for the advice – much appreciated.
Hey Kev, u said…
u can have urself as a trustee of course, but that doesn’t protect you if you get sued. I never knew this Kev, my understanding all along was that it was protection from being sued. Thanks for clearing that up – Looks like I have to set up a company now aswell for…[Read more]
I tend to disagree – while Monopoly might be right that they are reducing in price towards the end of this year – I think they will sky rocket in value wihin the next 2-3 years especially because of the $356M Eastern Freeway extension they are building just after Balwys towards Donvale.
how many definetes have you got so far??? – considering it’s Mother’s day…personally I think Mother’s day is every day – ther just too great…gotta love your Mum.[biggrin][biggrin][biggrin]
Hey Monopoly – I have a [idea][idea][idea]…get your children to take you to the Blackburn Hotel this Sunday…hehehhe[biggrin][biggrin]….and just say ‘excuse me kids, I’ll be back in a minute – Nature calls’ then run off to our meeting….hehehehehehe[specool][][biggrin][cheesy][happy2][laugh][laugh4][laugh3][laughing]
Do a budget (even on Excel) outlining all your expenses if you were to keep paying rent yourselves verses paying off your PPOR. Also note in the budget the rental income while paying off your PPOR versus yourself to keep renting. Outline in it all the pros and cons of the alternative paths to take.
Do a search for ‘Partnerships’ – much info on this topic is on this site.
I have had ‘hard’ dealings in partnerships. My suggestion would be that if you could do it alone – then go for it. If your only alternative is via a partnership, then first things first – go to your solicitor and request that he/she draw you up a ‘Partnership…[Read more]
Jeff just made an interesting point. I’d call Steve direct and ask him what he did and whether he had to pay tax or not. I would believe Steve has been in exactly the same boat. He has NZ investments and Aussie investmenst just the other way around – I mean he is an Aussie resident.
Hope you find out soon and it goes well for you. I…[Read more]
Ok I don’t mind having my family members as beneficiaries – if this would help, I don’t mind. So I will be the only Trustee of the Trust, the Appointor, but one of many Beneficiaries.
Ok – now the big question.
Do I set up the Trust as an Australian Trust or a NZ Trust? and Why?
Also, anyone know how long it takes to…[Read more]