homer2288 replied to the topic Company, trust or both??? in the forum Help Needed! 19 years, 2 months ago
I heard someone saying something about a hyber trust – it’s a cross between a hybrid and discretionary trust. Is that right?
homer2288 replied to the topic where to go from here? in the forum Help Needed! 19 years, 2 months ago
Dr X
What you’ve said is true about +CF property being low growth. Your strategy makes good sense to me.
Is it true that banks will only lend you 50% max for commercial property? What do you normally look for in a commercial property? Does it cost more in terms of landlord insurance? Are many differences between the insurance for commercial and…[Read more]
homer2288 replied to the topic Company, trust or both??? in the forum Help Needed! 19 years, 2 months ago
Originally posted by lupus1704:
Is it still my asset, even though I have contributed it to the trust?I think the whole point of having of this, is that you do not own it. So if you file for a bankruptcy, the investment property is not affected.
homer2288 replied to the topic Highly paid, low qual jobs in the forum Opinionated! 19 years, 2 months ago
Originally posted by rhysadams:
With the mining industry booming, I know some mining contractors willing to pay up to $80k/yr (5days on 5days off) for the privelige of training people to drive trucks. Almost enough to poach me from my accounting job.I’d ask for more, $80k/yr fly in fly out is perhaps the min. wage. Most people are on more…[Read more]
homer2288 replied to the topic Family Trust in the forum Opinionated! 19 years, 2 months ago
Originally posted by Dr.X:
We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents RequiredAre you able to elaborate on this? Thanks.
And what is the process in setting up a family trust? I think there are other type trusts, is there any information on them?
cheers [cap]