Forum Replies Created
hi simon
are you twice as sure he’s not advertising
Or did you think his post was twice as goodhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi mulder
couple of things
Trust with a Company Trustee gives you another layer of protection some one must sue the trust, then sue the company and the sue the directors and they all must be seen as being neglegent in ther duties to win if you can put up 6 walls ( you can’t with out it killing you on cost) its better at some stage you have to be happy with risk.
the structure you are looking at is very common put so are falcon if you want a ferrari a falcon is not much good you need a structure that suits what you want to do
example
buy and hold
buy and sell
build and sell
build and hold
negative geared property
posi geared property
and any conbination in between
there is no trust yet that takes in all these.
so its a bit difficult to tell you which is best.
find an accountant that knows trusts and ask him when you have decided which of the above you are going to be doing.
as for hb’s
according to ed chan…trust guru
not sure I have heard ed say he’s a guru
and depending on the structure.We never purchase a property in a company because when you come to sell the property you miss out on the 50% exemption for capital gains tax and also if the property was negatively geared the losses would also be trapped inside a Company.
the company can be part of a structure and this is not correct
yes you do loss 50% the capital gain if in a company but you would not use this part of the structure for build and sell and the losses again is done via a different type of trust.a trust is an agreement it is not an entity in its self.
you need an entity to control a trust and this is where it can be very creative.my .002
here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi sP00dLe
couple of things
first 5% is ok in nsw I usually pay less
a real estate would love you to pay 80% if possile up front put thats not going to happen.
I like a deposit under 5% via cheque and tell the solicitor via the back of the cheque that the account that the cheque is to be deposted in must be mutually agreeable.
it gets you another couple of days to check everything and they can’t deposit it ( the last one was 3 week in which case I got funding and they gave me the cheques back) held the site with nothing.
the real estate loved me so much they are ringing me with deals( indians never seen it before).
you can hold a site in nsw with any money down above $1.00, 50 cents is not acceptable and a signed contract.
best bet is give a 2 or 3 persent deposit, sign the contract, and ask that the vendors allow a caveat to be put on the site to cover your deposit cost $70 .00
do this and they are lock into sell to you as they can’t get the caveat off until you settle and protects your deposit
any thing over $1,000.00 caveat
real estate hate it your solicitor will love you.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi agizmot
maybe look at the next sydney meeting and network there.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi PHILandGEN98
don’t shake my tree.
first off a ppor is good if you are going to buy add something and then sell as you have no cgt and is a highway to making money,
you can rent and gear your money look at.
if I gave you 1 mil and see what you can do with leveraging.
sorry but this is a highway you are on and lots of people are also on this road and if your a hitchhiker ( and i’ve been one) and you put your finger up for a lift( which you have) and someone isn’t going your way then you say as I do thanks and go to the next bit of advice.
you are really asking hows long a piece of string or really how longs a piece of string and where can I get that lenght.
as for mentor or guru I’m not one for recommeding any as a guru is gee you are you and mentors are like hens teeth.
both of which I’m not.
If your going to become a trader in property the costs will kill you and the return after cost are not that great either.
some people here are traders put there systems are in place and there costs worked out.
My advice even thou I don’t like to go with dazzling is thats the road to take
but first work out what and how your going to do it.
example
would you post on extreme live styles looking at climbing everest can any one give me a few clues on how to do it.
no
do research on what you want to do and cut down on the do this, do that,
focus is very important in anything you do.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Dougiejg
this is not a funny matter I had second addition put on a single storey house and the possum died in between the two floors at the enrty to the house any way the paint would not stick to the plasterboard sealing at the front so the very bright painter tried to clean the gyprock and in doing so and a whole about the size of a 5cent piece and guess what yes it came down gyprock,pee and dead possum and they make a real mess.
and next door had a possum fight, now that a thing to hear in a roof they called the police at 3 in the morning thinking that a gang was trying to rip the roof off as the possums broke tiles in the fight.
they can be very violent if confronted and there claws can make very large deep cuts I had one that struck its claw threw the plastic of one of those 40 litre plastic bins before I threw him and the bin into the garden and then he went next door ( he was one of the fighters)here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi redwing
factor in vendor finance
the difference between what the vendor wants and what the vendor owes and leverage off the difference
and if possible don’t put anything in the deal at all and then look at the return.
you can if you work the numbers right get a 200% return within 12 months.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]not heard from crashy for a while may be he has reaiised that check your info before you post or did he crash.
here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Property WA
4 out of 5 words in the name must put it as right I didn’t know it was macquarie as the originators the come on my desk similar to a clean skin bottle of wine and its not until you say yes I like that do you get the name so all I had was a generic, what it was going to be doing and maquarie from the read is 5,000 entry the other was bit more significant and may well be via ell reading web page.
will send you an email with another fund within the same group may be you can pick who this one is.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi redwing
I always wondered how a fool and his money got together in the first place??couple of ways
win lotto
marry a rich 70 year old and kill him with luvvvvv
meet a broker that gives them a 80% nodoc loan on there house in drezzville and they invest like the big boys the think.
there parents lend them the money because johnny need to make his own way in the world.
they swindle it out of there company give it out on the hope of the life in the sun
what they get is a life behind bars, (in the sun) as they have nothing to do all day as the took the company to the wall for 25mil
and of coarse could be crims
lots of ways they are not the sharpest tools in the bag of life.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi alexpk
from my understanding they are looking at specific types of trust with a overseas element to it and there are many.
a trust is not like a company or product its a written agreement so there are lots of different trust.
to say that the ato is looking at clamping down on investment trusts is like saying the goverment is looking at stopping cars in Australia because toyota have recalled its 99 model echo for brake problems( this is an example and has no relivence for 99 model echo”””””’s). just like there are many types of cars here and they all don’t brake problems so is the case with trusts.
an example is a unit trust if you use them and you have two from different trust company suppliers, have a read of the trust document they will be similar but they won’t be the same and hence the ato will be looking at a type of trust and a very specific type of trust.
and each will need its specific ruling also as you can’t rule against a unit trust A that is different to unit trust B.
The ato fights battles it thinks it can win and the above is to hard and to long winded for little return and they would catch most pollies that would knock it on the head before it got anywhere near a court stepshere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi hb
couple of things
1.there’s just to many experts
yes there is and they get paid to be.
the only problem is if they are wrong ( and they are a lot of the time )its not there money.
most should be used as reference material just like the weather man says it will rain in 2 weeks I don’t run out and by a new umbrella.
2. buy bhp shares (i read the newspaper it say resources going up) same price
sell today ,
shares are a more liquid product and can be traded alot easier but also they have very sharp movements and the are relatively easy to trade and cheap,
but the costs in being a property trader are huge to the bottom line compared to return. so the are very different markets and should be viewed that way.
3 i’m no einstein…but blind freddy would tell me properties going nowhere FAST.
This one is a little more difficult to answer as I can only speak of Sydney but my understanding and research tells me that we will run out of over supply within 8 months and if so now is a very good time to be looking at real estate.
example you buy a block as ozi has posted (this is nsw councils so not sure for else where) and you have got yourself a bargin you think.
build time line
6 weeks settlement (1.5 months)
it takes upwards of 6 months in and out of da
then it takes upwards of 3 months for cc
build min 6 months (the true figures will blow out from these as these are mins)
sell campaign if you are not holding 2 months
total time to complete is 18,5 months and I’m working on 8 months for demand to return even if I’m out by another 8 months I’m still on target put you must be confident that your own research is correct.
this is not taking into account that if demand is increased so is rental.
and yes I agree with APerry that you must be able to hold the end product or have a backup plan in place.
I would suggest before going into large developing go for a owner builder with a builder as a partner to assist with the planing and overseeing it is very good learning and gives you a base to build from(again this is nsw not sure if you can in other states).
my.002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi redwing
nab,suncorp,and anz don’t have a problem with a unit trust and company pty ltd as I have them in all three and haven’t had a problem but thats with the commercial side of each bank and then flick over when complete to resi lending.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi hb
interesting reading mr salt.
it was him who announce about a month ago that he was of the view that nobody would want to sea change and live near the sea and that weekenders were a waste of money and that you shouldn’t in his opinion invest in them,
and then he looked at the stats and all his friends made money out of tasmania and the coastal belt of lower sydney and melbourne and then he said he wasn’t going to prodict like that again,
I did have the article it was just before christmas,
It is a very wise man that can prodict a market in 5 years never mind 15.
But with response to ozi post you are asking if you should land bank or purchase and construct
land banking is good but it costs alot of money to buy and hold and yuo need very high growth to make it work.
as for construction well mr salt may say we are in a falling or flat market but one thing that doesn’t fall or is flat is the cost of raw building materials so if your going to build the best time to build was yesterday as it was cheaper then so i’d be running on number 2 unless you have very big pockets filled with lots of cash.
And I know a little bit about building.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
as long as there are silly people that are willing to throw 7 mil out the window on these letters there will be people send out the mail from waht I read qld silly people sent 7 mil last year not a cent has been seen maybe the guy that sent me the email and I deleted it some time ago I changed my mind and can you get them to drop the money into my post office box and I can collect it.
one guy who must be some sort of mastermind sent 2mil wonder if you can claim it as a tax deduction under education or stupidity.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi davidcole
all valuers except nab’s own are independant.
if you are going to us one and pay for it yours self it depend what you want it for
if it is for lending the report to you is different then the one to the lender and so you may pay twice.
colliers are good as they deal with most lender but are not cheap.
as for valuation they are not worth the paper they are written on even the ink is worth more.
example same building from three separate valuation companies because each time you use a property as an equity lend it must be valued.
in a 6 month time frame commercial so not alot of value movement and the tennant is on a 5 x 5 so same paperwork to go 0ff
(1)1.2mil (2) 480k and (3) 950k and they are all independant.
the one at 480k, next door is a 2br unit at 500k and this is a 2 x storey 6 x unit development site with a 5 x 5 tennant thats got 7 years to run.
if you want to get a value for other then lending find out a list from the local westpac, cba or anz in your town they will have alist
if it is for lending against don’t bother get the bank/lender to organise and tell them what the valuation you require.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
start of the month and has it got better or worse.
I’m in the better at the moment and going gang busters and
I’m on target for what I want to achieve hows everyone else.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Vojinv
what you are talking about is called the short term money market,bridging finance, caveat lending and a whole lot of other names if you have purchased a course it should have explained it.
and one thing it should have told you that under asic you are not allowed to offer itto the general public if you are going to invest morethen 2 mil or assist more then 20 people this is highly regulated but
short term money market,bridging finance, caveat lending is not.
have funhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Phil Sheridan
no problem from me on the post but if the development ( or the total of the developments with n 1 year) is higher then 2 mil or a group is put together that is over 20 people sorry but you can’t advertise this deal as asic will put you in the bird house with theives and what ever cos thats the rules.
and I wouldn’t say email me cos again thats against the rules and I don’t play outside the rule ( usually)here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi sheba
if you are looking at cbd sydney they are a reasonable investment I have one on william st in sydney and the return is a modest 7% which is not bad as the growth last year is 19% and the city council is not building anymore car parks for the next 5 years and with the single units in the cbd with no car park spaces the rental is moving fast at the moment mine is on a 12 month lease and paid monthly from a company straight into an account.
the up keep is minimal and body corp is minimal.
I think its relatively a cheap investment I think you can get one for around the 85k in sydney mine was 50k plus legals etc.
also car spaces are sold as a single item try to get a double space for the price of a single there are a few around but hard to find if you can get one you can get two smart cars on the one car space.
that a little inside information and don’t let anyone else now.
to give you an idea of the shortage of car spaces in cbd the council is looking at allowing smart car drivers split the cost of metering so you can get two smart cars in the one space bondi is looking at the same.
they are only a little investment in the big investing world but I’m holding mine for some time yet.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]
