Seanm personally I look at the deal over the Area, anywhere you can buy under market value with strong rental demand/return and the ability to add value and equity that is what I would aim for.

obviously do DD on the area etc but the deal outweighs the area (most of the time) depending on your goals.

at your Price range there are a lot of options from 10%+ returns to adding value on an existing dwelling to lots more.

Yeah well once again literally been told the Wishes/will setup is as good as it gets by multiple lawyers what do you think is better?

I was of the understanding that if they deem you to be the owner they can seize, not if its simply setup in your name.

so your saying the Law has no legal way to take control of funds that were taken and funneled through legal setups to protect funds if it was done correctly?
I feel like given any circumstance if I am a governing body I would take measures to recoup any illegal losses and “try” to provide justice to the losers of that situation. this makes so many levels of ethical sense and if we do not do that, I feel that is creating an incentive for wrong behavior.
thoughts?

Terry I have had multiple conversation with people who have strategies that have a good reasoning in the wrong overall context (in my opinion) but they can only see what they can see.

very interesting answer, to confirm clearly the value in the FHOG/no CG on PPOR etc is the reasoning for the in name purchase? (among a few others tax etc, especially in NSW if they do not have a large portfolio)

estate planning meaning the will or legal document has to accompany the individuals structure otherwise it would have to be re done or amended, or be deemed void? is that what your implying?

Holy moly literally was not aware of how large the land tax difference is for Trust or company owned properties…I guess its more on the lower end it matters for NSW but will have to look at each state.

I know this is a debatable question but realistically do you think any Trust, PTY LTD or any other legal setup in Australia provides any real safety? and if so as it limits the exposure to the individual and allows that entity to go insolvent instead of the individual, then what in cases of an illegal action, as it appears to me there is no legal safeguard for any individual in Australia who has broken any level of law in any way, so why spend excess funds to try protect from such, instead have excess funds to do right.

therefore I came to the conclusion a simple PTY LTD, Family Trust is the only real need as you don’t have yearly ASIC fees for the Trust and still have different levels of benefit when it comes to earnings etc and levels of discretion. as a general point be interesting to hear your thoughts as I have not studied the law and hold no qualifications in any way in relation to its operations.

and in relations to Valluvan I highly suggest speaking with a professional like Terry as the question your asking is so much more complex than the information you have given and seeking professional advice from someone who can break it down sounds like it could deeply assist.

Terryw in relation to you,
say a new client walked in and is earning $200,000 a year and wanted to structure asset purchases over the next 10 years and already had $300,000 cash in their bank and never owned any asset in australia.

Their goals are simply to get financially ahead and are open to any path that assist this,

would you look at setting a Family trust for different tax and sales advantages? what would be the main things you would be concerned and thinking?

be keen to hear from someone with such a diverse fields of qualifications.

$350,000-1.2mil

Literally depending on over a hundred things, area, sit layout, design, stock builder or architect and then your own private build etc etc etc

If you really looking at it then get quotes and ideas from builders today.

also given the markets Australia wide I would say tradies are going to be hunting for new builds in the next couple of years as we hit a property market slow down. (Generally)

Mm44, the best and easiest thing is speak to your local planning office and see if they can provide any information, I would even do this several times as you might get one person willing to explain the whole process for you.

Look there is a lot of non compliance that is going unpunished Australia wide, now this does not mean it wont bite you in the ass but it is a clear indication that your not the one hair standing tall that is going to be cut.

Grant,

read, listen, learn

there are multiple strategies but understand your end goal. e.g. 100k a year income

then understand how to ge there e.g. 10 properties that return $200k so 20k each so 400 pw each

then refine using a knowledge of borrowing, CG, CF+, etc etc and work to get there.

Books like Steves or any property book has value but is not the completed puzzle.

the sooner you start the closer you’ll be.

Great low price point, good returns, some risks but overall very good deals.

the main thing is going to be, structural, flood zones, location.

the demographic is lower class, so sourcing quality tenants having good insurances and having a good relation with tenants or good managers who will.

Best thing, call every contractor within the radius appropriate for the dwelling.

Get them to give you a real idea, then ask what there day rate is and offer a bonus to complete within a fixed time frame.

could save big $

Vish the devil is in the detail,

I would pick the financially better deal, so if you could buy a property worth $500,000 for $300,000 then that trumps the area code.

the exacts of the deal far out-way the exact area.

Does that make sense?