Forum Replies Created
I heard someone saying something about a hyber trust – it’s a cross between a hybrid and discretionary trust. Is that right?
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 residential property?
As you can tell i am a N00B in the game of property investing. Hope you dont mine me asking all these Q’s.
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.
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 working in mining industry.
Originally posted by Dr.X:We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
Are 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]
