Thanks alot Terry. I really appreciate the information it has made things alot clearer to me.BTW, are you a member of wealthy affiliate? I used to go there and it was great. I have outgrown it, but it let me hit some record days doing internet marketing.

1) So I would have my business as a company. And a discretionary trust for properties. I will then be able to protect myself & property from any business problems? And still be able to get negative gearing benefits?(this situation seems perfect to me)2) if I put my business into a company structure it will get taxed at 30%. Does this mean I will…[Read more]

BTW, hello Terry, I met you before. I'm a friend of Amit.

Hi Richard,I read your message: "If you are merely looking for Asset protection and are not too worried on covering any negative gearing shortfall"I want to offset negative gearing.

I agree, I need a new accountant. This firm is new for me and hopeless! The $50 Indian guy I used last year was better (The accountant is actually in the firm that…[Read more]

That doesn't suit my needs at all.

I rang these guys 3 times and spoke to their new accounts person. Never returned my phone calls. The 3rd time the secretary was pretty rude about me asking why I wasn't getting any calls back.If this is how they run their front end, I think I'll give them a miss.I heard they were good, but I guess they market the best with seminars, etc.Josh

Well I have to give her some money, so I guess I would have to buy. I can’t see any other choice.

But she will likely carry the rest so there would be no money down. Unfortunately I do not want to use all my borrowing capacity for this deal.

I could probally find a tenant-buyer first and then proceed with the sale.

My 2 problems in this…[Read more]

Well $550 may be alot of money for people to be paying. But for another it may work. You can make it more attractive by offering rent credits or any other sweetner you can think of and it may suit them.

I guess you should work out what you need yourself, then try and create various scenarios that you could offer.

You can always try it, why not?

You could add $50 a week to the rent and make the option $430k on a 2 year option. That seems reasonable to me.

What would you need to know?

Josh