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  • Profile photo of jonesy06jonesy06
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    @jonesy06
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    October 28, 2011 - 9:47 pm

    Michael

    I'm looking to find someone who can look at my financials and give me some good solid advice on how to create wealth for my family for the future.

    A few years ago I had another investment property but it was eating all of my cash flow and I had no money, so I had to sell it.
    I finally own my own home and I have one investment which I have nearly paid off and is positive geared.

    I just want some advice or real life stories on how people can buy multiple properties without eating the cash flow??

    Profile photo of jonesy06jonesy06
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    October 28, 2011 - 10:31 am

    Thanks everyone for your comments and just to clarify I didn’t pay the $100 that’s what they want to charge me to view their properties in their office nearly 2hrs from place – I don’t think so.

    The home visit was a freebie.

    Do who can recommend someone in Sydney who can give good financial advice?

    Profile photo of jonesy06jonesy06
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    October 28, 2011 - 4:14 am

    The name of the company is Park Trent Property Group. Has anyone dealt with then before? If yes please let me know about your experience

    Profile photo of jonesy06jonesy06
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    October 27, 2011 - 12:18 pm

    Hey Jamie

    No I haven’t done anything except met a sales person. They charge $100 to have a look at their properties.

    Profile photo of jonesy06jonesy06
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    October 31, 2010 - 12:48 pm

    Mike,

    Wow you are really fast – thank you so much.

    Sent e-mail to Mike @ got my report sent to me an hour later – very impressed!

    Thanks Mike

    Regards
    Jonesy

    Profile photo of jonesy06jonesy06
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    April 13, 2010 - 12:29 pm

    Hey Terry

    Thanks so much for clarifying all that for me – you are very knowledgable.

    Can you recommend any Financial advisors in Sydney or the Parramatta area?

    Profile photo of jonesy06jonesy06
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    April 13, 2010 - 9:13 am

    Trust are really tricky – so can you let me know if I understand this correctly.

    If you set up a Family Trust and purchase property under the Trust, then all the income from rental and deductions will be made under the trust.

    If the property purchase is negative geared then how much tax does the Trust pay? 30%?

    What's more beneficial to have a Company as a Trustee or an Individual as a Trustee?

    Where I am confused is if you have a Company as a Trustee then the company pays 30% in Tax, but the the loss (due to negative gearing) or the profit would be distributed to the beneficiaries and then they would have to pay tax on that income again?

    Whats the benefit of a Trust against and Individual or Company buying property?

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