Forum Replies Created
hi spider!
yea i have done the same, i have interviewed 3 so far! there is one that is better than the others by far! However he is currently buying negatively geared property, so I think I need an accountant that has been through what I want to go through!
Thank you all for contributing!
Hey angels, what tax laws does the US have? I will be investing in the US market in the not too distant future?
In Australia we have:
Land Taxes:
– If buying under an individual, there is an exemption of the first $260000 land value on investment property, and after that I think the land tax rate is ~3% on the value of your land (don’t quote me on that).
– If you buy investment property under a trust, there is no exemption what so ever.Capital gains tax:
-for individuals, 50% of the CG is taken and tax
-for companies, 100% of the CG is taxed at 30%, therefore it is not good to buy under a companyPlease correct me if I made errors
Believe and you will find!
hi all!
I’m from sydney and currently considering to buy the WealthGuardian as well. However the structure that they recommend may also be the structure that I am going to use. So it might be a waste of money for me to get something that I already know about?
So if anyone has it and knows about the structure they recommend then please tell!
If it is anything besides a HDT structure then I will buy it.A question for Micheal&Kaye,
How far are these properties from your home?
And any hints on how you chose the areas to invest?Nah i haven’t heard nothing, but it would be nice if anyone has to tell us!
It owuld be an interesting topic!I came back from seeing my solicitor and accountant today, trust and company structure is looking good from what I am hearing! If anyone thinks otherwise, please speak up!
Haha activities seems to be lacking in Sydney? Are we seriously that lazy?
Hi Steve,
I bought your book on the 5th of August, the last copy on the shelf! I have read the whole book already and would like to thank you for providing us with an Australian version of all those books by Robert Kiyosaki, John Burley and Dolf de Roos. I have been searching for a book like yours for quite a while now. Most of the books I have read by Australian authors have a capital growth approach to property investing. It has given me more confidence and has reinforced what I have learnt from my previous books on positive cashflow investing!
Now I believe that my next step is to go out into the real world and start investing for myself and gain experience and hopefully help people along the way!
I have some questions regarding corporate structures that are most advantageous when investing in positive cashflow properties. I have read and asked accountants about corporate structures and have been recommended to use a discretionary trust structure. However is there a better structure to use? I want to maximise my asset protection and minimise my tax liability!
Anyways Steve, once again I thank you for all that you have done for me and others alike! Hope that you reach your personal goals along with others.
Thank you for the question and answers all!
I was not sure on that issue either, learn something new everyday!
Hi all!
Hey matty, how are you doing mate? I wish I were in Brisbane myself so I can join this get together!
I live in Sydney, so if there is anythin happening in Sydney just give me a buzz!
Hi all!
Yes please share your experiences with us!
Hi Dennis!
Thank you for your reply. Yes I totally agree with you. I would just like to tell you what I have done and the progress I have achieved up to this point:
I have done a lot of research and have had some experience in this area. I have drove areas within Sydney and have talked to numerous real estate agents. However, the most common response that I found with many real estate agents is:
“It is IMPOSSIBLE to find what you are looking for in this area!” Even though I haven’t found the properties that I have been looking for I believe that it is possible to find such properties anywhere, all you need is dedication and the willpower to look.I have also met with a couple of accountants. However, and all of them so far have no passive income from investment property. I am searching for accountants with some experience in property investing, and create a long temr relationship with them hopefully.
On monday I am meeting with a solicitor in Sydney CBD to discuss issues regarding asset protection mainly, and any other information that may be useful relating to property investing.
I hope that everyone becomes sucessful in investing in property, and would also like to hear people’s experiences!
Hi all, I’m from Sydney!
Yes, my property count stands now at 0!
But in the next 5 years I will achieve 100+. Right now I am a student at UNSW studying a BCommerce degree, so I need to balance my study time with property investing.I have read a lot of books and bought a lot of educational material on the subject and I am confident enough to go out there and be prepared to learn from experience and mistakes that I make along my journey!
