hi dazzling
for names its easy.
The street name of the project does it for me ie harrington waters(suburb) and (number of units 4 duplexs)( four) hence harringtonwater( four ) pty ltd
usually you find street and suburbs are not taken and they are easier if in a hurry and its easy to tell people the company name same as the address.
and sorry hb I must dissagree with regard to multi companies and trusts but each to there own if you have incorporated your structure for multi companies then it is a expense of doing business and there are alot of advantages by doing this.
1.doing all those ATO returns …..
all those asic annual returns…. not so its a yearly return and as they are for stand alone projects they are easy to account for, myob setup for each company.

2. But is it really worthwhile? yes as each structure can use its equity as it wishes and I control all.

3.Well firstly , the legal cost of setting up a company is about $1000. companies also must file an annual return with the Australian Securities and Insurance Commission at a cost of at least $200 per year.
plus, accounting costs are higher for a company than the other structures.
the companies cost around 1000,00 put as each is stand alone I don’t have any cross collat problems and lenders like new stand alone companies to lend to and this cost is incorporated in the setup cost of the project, so its factored in at the start and the return cost is also factored in as there is always accounting costs with any project,
I run my own accounting via myob latest version and it has no problem with it.
4.Secondly, if the company has the misfortune of going belly up, as a director you will be held personally liable. (but of course, this won’t happen)
I have set up my structure and I have answered dazzlings post to partner unwilling that I am the only person within my organisation that is liable and I use trust as a form of protection, my wife has no running in any of the companies and does not quarantee nor sign any infrastructure paperwork.
I use a investment end family trust which is where we all sit using company/trust structure from a liability position is one of the best structures I have found if you know of a better I would be interested in it as my structure has been setup to be very flexable.
5., capital gains….now that’s a sad story
Under the changes introduced in 1999, companies do not receive the general 50 % DISCOUNT.
This can mean when an individual on the top rate makes a capital gain they will pay about 24.5 per cent on the gain.
Where a company owns the same asset after the capital profit has been distributed to the shareholder, tax payable will be effectively 48.5 per cent.

only applicable if you sell, if you draw equity this is not applicable and if it was a requirement a unit trust/ company could be used and the trust would hold for the 12 months and then disribute to the unit holders, that could then be your trust structure this is not advice as you need your structure setup by a person who know what your structure should be, and I don’t like people copying structures as they are very expensive to change direction if it not what you required.
6.its not fair……
but i guess the basic reasons companies are formed, is to create employment and growth for the economy……

and employment/growth for the people and the owner of the structure don’t forget that as my structure grows it makes me a little happier and the people around me a little safer in there jobs.

not to be a tax avoidance vehicle
as these types of structure have been around for many years and and on most bank application forms and I think the new tax form has a section that asks is this a company/trust structure and another asks is a trust being used I can’t see how you could use it as a bottom of the harbour tax avoidance vehicle.
everyone has there own type of vehicle on this road to prosperity. what we need to understand is what they are and then decide which one we are going to drive and hop in for the ride.
I have mine and its fully fueled up and its currently going very well just make sure yours has a engine, mines a nice v8

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi Dazzling
don’t attack clones I like his different view even if it is one sided andhe thinks the world is going to impload but lets get back to the post.
Sweet there are a couple of ways of finding a posi property and you need to decide which is the path you will follow.
here is a couple of examples
1. find one
go to the gold mine or mine fields find 7 or 8% return property and start renting they are there you just have to go there unfortunatly the web is good for research but not much good for buying as we all can see them.
2. make one
or in my case develop properties that can if they are in the right place at the right time be + but I also develop as -ve for different reasons.
3. take a negative property, cheap reno and make it a +ve
4. buy into a group that targets comm properties and leverage off that.
5. do a small syndicate with a builder for say 3 townhouses sell 2 and hold the last which should be posi as the bank won’t lend unless there 30% margin in the development
in wa they are called triplex site in the east we don’t have them we would be 2 duplex site next to each other.

as you can see that yes you can take your money and put it under the bed or in a westpac term deposit at 4% I think,
or you can become an investor, I like the latter and invest
my path is developing and I like it
some people like reno’s and there money to be made
theres some that like investing in mining areas again you can find posi”s there
trouble is that to find them these takes alot of trouble and we as humans always try to find the easiest isto do nothing.
you must decide your path and then become an expert in that path and unfortunately for us all the net is not the ideal tool for this the only tool is hard work and going to the towns or cities you are interested in.
[fear]

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
you may come unstuck with the advertising rule but by all means if you do pm or email them to me and let me have alok always open for new ventures but be warned as per a real estate that i spoke to I am a little hard when it comes to deals and he has told me that he may not ring me again as my value and his are miles apart and guess what he has already rang me twice with other deals and I haven;t changed my criteria.
If the deal is a good one then I’m in with it but if its not I will tell you in no uncertain terms and give you deals near it that are alot better.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi Sweet
couple of things and don’t take these to heart but grow to understand.
1. learn from the lady who owns boost juice its the fastest growing franchise and she hasn’t got there by wishing. shes done it by research and working on what she wanted to achieve.
2.I haven’t got a clue what a digital skeleton costs Iand I’m not sure I want to.
3. you can search the internet and papers for ever and a day and you are not going to find a posi property you must get out there and look and find a propety that with a bit of work will become a posi.
4. my best advice is to go to a couple of investor groups in melbourne and learn and just like the lady that owns boost don’t pay for anything unless its going to return a profit, I think if you look its in your training manuals or it was,
5. have a read of a couple of early post and start to learn on this path if you make a mistake it can be very costly to your profit margin.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi dazzling
send it to me happy to look at.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi all
a couple of things
1.minidaz I think you need to go to a couple of investor meetings to get around the investment debt and personal debt they are not the same by far.
2. have a read of acouple of posts within the last 2 weeks woth regard to deposits and leveraging the question you are asking is how do you leverage from one property to the next and it depends on the structure you are using.
3. that takes me to phillhill21 you must make sure that your stucture is right and that each loan is not cross collateralised which if you have not asked a broker to do so will be as banks love it.
4.I can if required explain leveraging but its alot better if you try and research yourself and go to a investor group in your cap city.
it is not hard to understand when its explained but I haven’t done 1500 word essays since I was at school which was a long time ago
as for you original question I use equity on each and every deal so yes it is used alot and is very common.

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
NO PROBLEM SEND THEM TO ME.
and before you say I’m shouting because I have put it in cap yes well if you are going to advertise like this ( and I have no problem with advertising the I should be able to shout)
your name says property wa is that in broome roebourne karratha geralton or perth.
send me what you think and let me see.
I’m in sydney but have lots of people that invest as I do

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi cata
yes a minor problem that set up a family strust for non family member hence i did put disc and family separate I think if you have some one with in your group of fellow people in wa lady bug couple do with a few names and as i said it is very important that the structure is right its no good havong a family trust with your builder mate or a discretionary trsust with you brother.
its like a mini and a prime mover yes they both drive down the road but the mini can’t pull the trailer and the prime mover can’t get into the garage.
each is different and has its own use.
maybe lady bird pm cata or post here what you want and he can help.
not sure his cost but cheaper then me.

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
have alokk at manfinancial.com.authey are a futures, cfd and share company and have access to all markets interesting put not that far into it yet http://www.aussiestockforums.com is a good place to start got it from redwing need to register but its got alot of info mine is major real estate and venturing cfd”s.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

hi Lady Bug
couple of things
a trust should cost 1,000 or 2.500 its around 200
a company is around 1,000 to 1,250.
as redwing says is right with disc trust but they are good as a base trust if you are to feed into this trust from other trust Ie make this your family/super trust which shouldn’t have losses or be negative geared another arm is used for this purpose.
if your accountant or advicer doesn’t do all types of trusts here is a few.
discretionary, family,unit,hybrid,bear, and sole,
ask about all if not familiar find some one over there that is.
as for busy, we all are busy people, book a time
redwing not sure about your costs as all should be the same they are for me.
all structures are different and I highly recommend that you don’t use my, redwing,psychic26296 etc or anyone else’s structure get one made for you and if the person doing the job doesn’t know what or how to do it get someone that does.
one last thing this is the most important part of anything that you are going to do in investing if that is what you are wishing to do.
so make sure you do it right.
I would ask not for them to sent up a family trust but what they would recommend to set up and in your conversation ask what these types of trust are and see how you go.
and good luck

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]