Thank you Terry. What is a deed of gift? and where can i find a sample of the same?

i mean a deed of gift

Hi Terry/James

Thank you for your knowledgable posts. We just purchased our first investment  under a discretionarty trust with a company as trustee. 97% was finance and the rest of the funds around 30000 was intended as gift to the trust as it was our personal funds. We made a mention of this in our minutes for the trustee company. But we…[Read more]

Thanx Jamie and Richard. My accountant is a chartered accountant and he himself invests a lot into property an developments.thank you for your valuable advice. Will definitely keep your advise in mind.

Our serviceability is good. Our accountant says we can borrow another 750 K or so. We have our PPOR rented i.e. is negatively geared. Our IP about 25$ a week negatively geared if you include all expenses involved so we are now looking for a positively geared property to offset the negative gearing. Our goal is pick up 10 properties in 10 years .…[Read more]

Setting up a trust wasn’t very difficult. Just make sure you get a professional to do it at least the first time for you. It cost me 1650. We set up a family trust with a company as trustee with my husband and I as appointees of the trust and beneficiaries. We then set up another trust that was the share holder of the company for asset protection…[Read more]

Our property purchase price is 310000. We bought it 25k under market price. So 6.5k is around 2%. thanx for the info Kathryn. Yes Joe you are right, kitchen is always the focal point. Thanx

So you reckon its still worth spending 6500 if we can get 80$ extra rent each month? thanx Jo

thanx Richard, will surely do. hi mattsta. thank you for your response.Yes we have decided to stay put for a year and pay more into our properties to make them positive. I have in the meanwhile asked ANZ to do a valuation on the exPPOR to check what equity we have on that one.

thanx a lot maxi10

thanx Dubstep

Hi Anthony

thank you for your input. Any particular areas that your would recommend? thank your

phew. initially i filled the price of my own home in the PPOR section and my score -609 but then i remember we have rented it out and reentered the info and our score is 294 thank you steve this is such an eye opener. I don’t think i will ever move back into our PPOR :0

Hi Richard

Can you tell me more about the UK investment?

Cheers

Jnb

thank you terry

interesting read thanx

oh i get it, i went back to your earlier post, yes the marginal tax is huge but then we worry of asset protection, i guess if we borrow the maximum equity, this should cover, without compromising the CGT. Am i right?

What is the advantage of transferring the property into my husband’s name? We were thinking in terms of asset protection and me doing a less riskier job thought it would be safer to have it in my name. Am I wrong? Yes we have just realised that and that is definitely our next consideration now that you have pointed out to look for value adding…[Read more]

hi Richard

yes i am aware we can’t negative gear the IP in the trust, what i meant was the PPOR rented out.
The spousal buy out is something we hadn’t thought about. How do we do this? Just transfer the title to my name?
We have requested A*Z to set up an equity loan to buy our next investment property.
No the properties are not…[Read more]

Hi Bardon

Thank you of your response and suggestions. Yes we do intend to move back into our PPOR in 3 years time as we do not want to miss out on the CGT.

How do we borrow 105% finance? Is that by using equity in the PPOR?
Also, we have purchased our IP under a DT structure with company trustee and the share holders of the company is another…[Read more]