hi DLhadden
thanks for the info
but, even thou the GST and FBT questions are important, i guess the big picture question would be…”what happens at the end?”
if the property is sold, rolling over into another business or super (probably super, at giddo stage in life)…..
where would he live?
remember his PPOR is now sold, and the money is…[Read more]

3056

correct

TLS after 2 years lose -$104K on original $420k

sorry guys
i couldn’t believe 420k invested 2 yrs ago would make so much.
had to check again
and again….

and yes here the FINAL figures

cba 2 years ago $30.59 today $43.88 420K invested today $602k
bhp 2 years ago $11.10 today $25.53 420k invested today $966K

seddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400k

ps if you…[Read more]

ignore last one..(thats was 5 yrs)

cba 2 years ago $30.59 today $43.88 420K invested today $530k
bhp 2 years ago $11.10 today $25.53 420k invested today $851K

seddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400k

sorry giddo
im just about to retire 55
so as one dummy to another we did similar things
didn’t quite put the PPOr in a company thou
so does that me a cleverer dummy?

the clever one’s where the accountants and tax laywers that got us involved in all those schemes over the last 30 years

i’m just about to sell the business, and eventhou it was…[Read more]

terry
you threw that reD herring in

“I have a residential property where I make the tenants pay all outgoings”

and now your backtracking

your not related to the PM are U?

dont answer that one…..
i know the answer…….

I KNOW NOTHING

3056
cba 2 years ago $30.59 today $43.88 420K invested today $966k
bhp 2 years ago $11.10 today $25.53 420k invested today $600K

seddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400k

3056
your right, soory, its a property forum…..
lets talk property

you buy 420k 10% deposit ..
taking into account Stamp duty on transfer of land:(victoria),Stamp duty on mortgage,Registration of transfer of land,  Title search,Registration of mortgage discharge,Loan application fee / package fee,Mortgage insurance,House ins…[Read more]

Hi adriannqld

what a touching analysis of a predicament of life…..

wealth creation

over my lifetime i’ve worked with some of the wealthiest people in this country…..
there are some sad lonely stories there

“the essence of happiness” by the dalai lama….
not in Powerpoint form..sorry…
but might help in “get them thinking but they need to…[Read more]

go camber….

entrepreneurs at work…no different from the one’s using this forum
maybe just not as palpable

and DrX
Sounds like an attractive offer to me, I think I’ll book my tickets to Africa and go and do business with this guy!
I think maybe fix SA first…..
“Our retail sales are the worst performing of any state or territory in…[Read more]

deleted – no value

these “baby boomers” just don’t want to DIE

angel007..thats easy

Its just declaring it. ….there lies your problem

do the right thing…the banks say WOW look at that income

and “ding”…….. penthouse in Noosa

it worked for me

What

run that past me again

you paid 420k in 2003 and you’d be happy with 470k now

crazy….assuming for last 2 years you be getting 400/wk rent you’ve lost $16,000 no rent minus $30k LOST without adding CPI

if you bought shares in just 1 year you’d be up $162K

forgive them lord…they know not what they do
they hang onto any word that…[Read more]

cata…..you hit the nerve…

as soon as i notice those words “tax free”….i got that tingly feely

but shouldn’t we share this with everybody on this forum

or do you prefer to keep it intimate

well done Cata

i think your onto something here
bugger this property investment stuff

just reading their web page gives me a real tingly feeling all over

especially the bit about
Most of the managed funds we use are classed as offshore funds. This means that they are predominantly located in tax havens

and don’t we all like a good tax…[Read more]

terry

i like a man who walks on the wild side

having a naive tennant is a wonderful thing…
but say they did wake up to it one day…..
you know…those conversations around the barbie….
and you ended up being sued…

would they then be reimbursed for all the money collected?
and would the court inpose any penalties?

Giddo
If your close to retirement the company owning the PPOR can be beneficial…
But generelly its a Dumb idea..
i’ll let the expert / guru Ed Chan
explain
“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…[Read more]

grossrealisation
such a brazen statment….200% in 12 months
its beyond belief
can you enlighten us ,that are untrained, in this effortless technique of accomplishing such prosperity

hi
according to ed chan…trust guru

“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”

just another opinion