Allan,
There is no restriction on you using private funds, if you can source them. Theres no law against it.
Just out of interest, do you have a source for these funds or are you intending to go to the market and canvass for them ?
I’m curious….
KP

Thanks Jay, WF,
Have downloaded the CGT section from the ATO.
Will read relevant section.
I think this report may not be accurate…(got it from a link in the Trust Magic book.
taxlegal.com.au, searhed for hybrid trusts)

KP

Thanks Jay,
So the next question is …why put your investments or “property for sale” in a trust apart from providing flexibility to distribute to minimise tax (except for CGT)since it doesn’t qualify for the 50% concession ?
Other way round, how do you take adantage of the CGT concession, apart from having the property in your own name ??

KP

Gee you’re up late !!
Sounds like you have a drainage problem…..you can create a gravel drain (involves digging as you suggested)
What is your soil type, (not sandy like most WA land ?)and how come the rain is collecting just there and no where else ?
There is a product that you can get from a hardware (or Bunnings) that is like a big plastic…[Read more]

MArisa,
Its internet lingo…
Cyber language…
NERDS invented it (you know, 12 yr old kids that inhabit cyberspace)

KP

Hell Redwing…
Negotiate…negotiate…negotiate.
Don’t accept what they’re charging…
I am in a regional town with 4 agents and they all charge top rates, except one.
I had a rental available, and offered all of them an opportunity to quote a rate for management ( shortage of rentals here, with all prospective tenats registering with all…[Read more]

I remember a time in the early 90s’ when RE agents in my area were changing the way they marketed and sold real estate.
It was called the Jenman way….when did he change sides ???

KP

Hi YAck,
We discussd this earlier on another thread….
Couldn’t agree with you more.
Just waithng for the cycle to turn and the fallout to come.
The wave has hit the regionals, now we’re just waiting for the backwash….

KP

Thanks Paul.
That explains it.
By the sounds, if you have a solicitor familiar and experienced with wraps, you don’t really need the kit ??
All you need is his contract, and tailor it to suit the particular wrap…
Any comments…??

KP

Hmmmmm C@34,
Saw one advertised down the road from you (Karratha) same deal….but I think it is now under offer…BUMMER !!!
But now you’ve got me thinking……
It seems that most of the older ones in town are still on one title..
CAn you confirm if yours is Brick or fibro ???
Cheers…KP

Hi Rigby,
I think Medina is good.
Also surrounding suburbs in that area, including Spearwood, Orelia.

Then further south including the coastals such as Rockingham, Golden Bay all the way down to and including Mandurah.

The other areas I like are along Albany Hwy. including Maddington, Kelmscott, Gosnells.

KP

You’re being funny right Misty ?
You know the answer, but you just want to see if anyone else does….n’est pas ??
I think that has to be a typo.. as from what you correctly inferred, its negative geared when the income (rent) is less than the total expenses, which includes the loan interest and all other outgoings.
As you probably are aware, you…[Read more]

AW:
You pay stamp duty on the purchase of a property, regardless if it is for investment or owner occupation.
Stamp duty is a State tax and hence, the amount varies from state to state in Australia, depending on their individual rates.
There are some concessions and exemptions on stamp duty for first home buyers up to certain purchase…[Read more]

Misty, Misty, Misty….
What will you be doing with the properties after they are build ? Do you intend to keep and rent , or resell…and if you rent them will they be +cf or -cf…?
I would say, that if you intend to acquire a few properties over time, it would be best to buy through, and keep them in, a structured entity (eg family or hybrid…[Read more]

Well if you insist…TYPICAL FEMALE !!!

Just a question…
Who pays for the contract written by the solicitor…the wrapee or you ??

Thanks…KP

Which book redwing?
Do you mean trust magic…or is ther anothe one?

KP

Hi Y
How far North??
I’m North..and looking

KP

It is usually a requirement for the council to require the developer to seek neighbours comments and / or consent before council will approve plans.
Especially with regard to walls and windows along boundry lines.
It is important that you phone or better still, go to the planning dept. in you council office, and query them as to your rights to…[Read more]

Wow Misty…So many questions !!!!
I would think that if you have a full time job, that is your primary occupation.
If you buy investment property, build houses, subdivide land, or whatever, thats all incidental.
Whether you structure these activities via a company or a trust, that again is only to get the best asset protection and tax relief from…[Read more]