HI borginvestor

talk to the business division of your bank

you’d be amazed how helpful they are

Hi Borginvestor
When we started our business we only had $1,000…no other assets. Money was expensive….but we where hungry.
Within a year, we owned our PPOR, and then, as it become collateral for further loans, money became cheaper and we expanded and expanded the business.

The company takes out all the loans.
NOTHING to do with your…[Read more]

hi mja

give them cable broadband access only

and a big big Plasma TV….
that will justify the added rent charge

well done BorgInvestor

a simpler way of obtaining a loan, is go straight to the bank with projected cashflows, profit and loss, and balance sheets.
all they need is a guarentee that the loan will be repaid, thereby using your assets as collateral.
use their money 100%
simply explained here
http://members.iinet.net.au/~patrick6/kiss20.html

sounds…[Read more]

the 64million dollar question???????

ask any guru and you get completely different answers….

MichaelYardney says….
Our research shows that markets have bottomed in Sydney, Melbourne and Brisbane (this doesn’t mean we in the next boom yet!)

I am actively buying for myself – have for 6 months- and very strongly for clients.

and according…[Read more]

Hi Wylie and DrX
both of you are off topic…..
but, i totally agree with what you say
Can you imagine if the advisor had told Wylie to buy mining shares
last 18 months they’ve gone ape

had Wylie taken his 50k and invested
today it would be worth $270k….in 18 months….
and only cost him 60 bucks in costs
plus CGT

Wylie, are shares in your…[Read more]

Hi
i think this is the way to go………

“CEOs pocket $65,000 a week
A new report shows the nation’s most powerful business leaders earn more in a week than the average worker does in a year.

The report by John Shields from the University of Sydney is based on 51 companies listed on the Australian Stock Exchange whose chief executive officers…[Read more]

sorry
ignore last post
more bad news
“A new international housing affordability survey has rated most of Australia’s capital cities as severely unaffordable.

The survey compared house prices with the average annual income in Australia, Canada, New Zealand, Ireland, the UK and the United States.

Co-author of the report, Hugh Pavletich of New…[Read more]

Don’t panic everybody
according to Bernard Salt (trendspotter for KPMG) “a modest upturn will kick off from Sydney in late 2007,or perhaps 2008”
and “There’ll be another weak boom in 2018-2020”
and after that “all the baby boomers will be dead and then the property market will hit the wall”
something to look forward tooo

especially if you’ve…[Read more]

dougiejg’s first few ideas make sense
but the egg carton idea is a myth for soundproofing
accoustic s yes…..soundproofing no
just a small note…..once you soundproof it, you’ll need to provide external air into the room, eg air con…..

great question property passion
the share markets going ape
bought $2k worth sold $2.4k in 2 weeks
but if i had your 200K, would have made 44K. profit …in two weeks…wow

a bit of a contrast to say 2 mil worth of property….
say i bought 10 x IPs in Vic at 200k each….total StampDutyPlus Total Costs -$83,384
or 1 x 2mil property totals costs…[Read more]

A round of applause for Dazzling

he’s the winner……(keeping asset out of a trust)

well according to Allens Arthur Robinson, Australia’s leading law firm

because according to their question????? “CGT Treatment of trusts – what is the appropriate investment vehicle now? – December 2000” ……trusts come in second place on your wealth creation…[Read more]

Well done Mitchy…..wise move

as i ran your idea past a financial adviser whos had 24 years in the industry, his reply was exactly the same “tell em to forget it!
save their money and get a decent deposit
brutal as this sounds…..”

Hi lizzy…..you right, you win…..lets not get into a arguement about what makes a good investment.
I have NO…[Read more]

Hi troynbec
i think i know where i fit
but after years with an lazy accountant, and then facing an ATO audit
i feel i can speak from experience when things aren’t set up well …it costs….

just reading your question again, indicates that a tax laywer might be better for advice
the webs great for…[Read more]

You know dazz……i’m not having that 2nd red anymore….my finger slipped……. its should have been 115

troybec and wylie
apologies for any disrespect re asking questions about setting up a structure.
but the reality is the the system is so complex now, the only way to get any decent advice is to pay the money, and ask the…[Read more]

Hi Lizzy
“It is true, only a few succeed at business, and only a few really succeed,”

really

from our $800 billion dollar economy …..companies paid $43 billion dollars in TAX……that means they made a profit last year of about
$150 Billion dollars….PROFIT

can you tell me which of these “few successful business” are making that sort of money.?

hb

thanks masteraccountants for clarifying the trusts structures that you set up
has there been any tax related issue with australian residents using this structure and the ATO??

hb

Hi
don’t you hate it when the ATO uses words like……

“The arrangement is a sham. ”

or

“The Australian Taxation Office is examining these arrangements”

that usually means penalties………lots of penalties……

thank god, nobody got involved

Hi Aperry

“I’ve got no idea of Mitchy’s income,”
you don’t need to……..

“so how could I tell how much she would have left over”

easy…..
she said she has 8K equity

when it comes to sell, what costs do you have???????

Lets assume the PPOR is around 240k

Agents commision 2.5% = $6k
advertising costs …say…1.5K
Discharge of mortgage…[Read more]

hi mill in training
everything you say is correct

but your like those horses with blinkers on

narrow focus

“Look at Matin Ayles at 30. He started with verry little from what I understand.”

he’s a business……

so if its doing so well developing ,why is he doing the speakers curcuit……??????

simple……..it PAYS MORE!!!!

$700 per person…[Read more]