1) Dad reckon’s he’s semi-retired, working 70-odd hours a week. He loves his work, and it’s one way to make money, but it’s not for me…
2) So far, a lot of planning and very little action. I have a step-by-step plan of what I want to achieve, by when, and how i plan to acheive it. Rating? probably too early to tell, will depend on how well this…[Read more]
And of course, when said Queenslander got to Kilsyth, Dale (well, “Dad” to me… [] ) would have told him that the trip qualifies as a tax deduction!
Seriously though, if you don’t want to make an anuual pilgrimage to see an accountant/financial advisor type person, make sure that whoever you do choose to listen to has experience in dealing with…[Read more]
As far as i know (and i stand to be corrected), the only disadvantages with trusts, in relation to land tax, is that every time you approach the cap you need to create another trust and put any more properties you purchase into there.
All this means is you incur the costs of setting up a new trust structure again, which is neglible when compared…[Read more]
i’m doing a commerce/economics double at la trobe in melbourne, and its gotta be about as good as your course was [|)] Gonna transfer to a different uni next year and drop the economics component altogether…
im a fulltime uni student (commerce/economics, hopefully to be commerce/law next yr…), but im only there 2 days a week.
i work part-time at dads accountancy for 2-3 hours a week, cleaning toilets and sweeping floors, so i can keep petrol in my car (paid cash for it, didnt cost me much – its a bomb!)
most of my time is spent either with kylie…[Read more]
Generally, I’d recommend putting any properties you buy into a trust, as this maximises your control over the investment without any risks if you or your partner are sued.
Also, with a trust you can all but eliminate paying taxes on any profits made by claiming many otherwise unclaimable expenses. Then, the profits can be distributed to whoever…[Read more]
I’m also new here, thought it might be an idea to introduce myself…
I’ve been interested in the idea of positive cashflow IP’s for about the last 5 years, but I’ve only just turned 18 so I’m yet to buy anything. I’ve spent a lot of time researching and learning as much as I possibly can, so all going well I should be well on my way to…[Read more]