He should have said:

“I have a gun in my pocket and I’m not afraid to use it so let me in you dickhead’!

AM I CLOSE[:o)]

‘Eat rich food, barbeque a yuppie’

yes another riddle pls [^]

haha sleep, i average on about 9-10 hours sleep [:p][]

Cheers Matt

“If you do what you have always done, you will get what you have always had.”

“Isn’t it time for a change?”

Fearless and Chan$, for unrelated parties buying together the only trust I would use would be a unit trust. This keeps all entitlements in line with unit ownership. Any form of discretionary trust with unrelated parties is just asking for trouble.

Fearless, contact a mortgage broker regarding how to set it up. I’d say there are a couple of ways. One is to borrow the money individually, and buy units in the trust. This would probably leave the house unencumbered.

Another way is for the trustees (either individudals or company) to borrow/guarantee the loan with the house as security. This method is the one I am doing at the moment.

Cheers
Mel

Fair enough, the positive cash flow is what helps you live day to day, the capital gain makes you very easy money, infact, growing out of thin air (or with the birth of every new child) I totally agree with you chan, but what about the ease of these small town properties, no capital gain, some positive cash flow slightly possible, BUT you get the assurance that you will be able to handle rate hikes (very cheap propety) find them easily, avoid realestate costs (lots are sold privately)and even the worst tenants are good because they expect less of you and the house wasn’t that good to start with. Maybe its an idea for the ‘poor man’ of realestate, one with no capital, or very little to start with??? PLEASE leave your thoughts here, it seems to make good sense to me. Somebody tell me the bad things about it, with back up, not speculation. cheers.