1st off Westan you are a star good on you !!!great info peoples thanks. but has anyone had any bad experiences with doing this kind of thing cause we all know what shires are like with some of their so called plans….plans that never happen or they change there mind???????
Hi All…i love my job heaps i am self employed have been for 5 years i get paid to walk dogs, feed peoples pets and i groom and bath dogs and cats woo hoo what a ace job…although can be a little hairy at times …..i am looking to employee someone at the end of the year i am 28 and brought my 1st investment property 10 years ago…but it was…[Read more]
hi i am new at this game as well and was recently looking into this topic my accountant advised me against opening a company and trust fund as having a company doesnt protect you because you are the director you are still liable for it and it is quite expensive to start up and their are on going fees involved… what do others think about this subject??
thanks to everyone for your inputgoverment charges are zero to my knowledge its more legal and brokerage and setting up loan fees that i am concerned about…the broker was very broad in his answers to my questions and paper work that he left me i am paying 6.45 interest at the momment and he said he can get me 6.35 to 6.75 so that a huge gap in…[Read more]
Thanks Kelly for your advice but i am in Melbourne…..i spoke to my accountant today he advised against trust funds and companys as he says your house you live in is never protected cause if things turn sour the director of the company is still liable so please what do you think about this??? do i need a new accountant what are the pros and…[Read more]
As long as you have learnt something from your mistake everyone makes mistakes but it is those who can rise above this and actually learn something and move on that make it big …if you read about or talk to rich people they all have a story to tell at the start they have hicups but at the end they succed(sorry about my spelling). Like someone…[Read more]
Thanks heaps for the explaination sounds great i havent heard of that one anything is possible thanks for giving me hope yes i am only a quarter of the way through Steves book i am reading it carefully and slowly to make sure the info. is sinking in
To Chan …i wish i had a rich family but it isnt the case tou are very lucky !!! I did have $70,000 equity in the house that i was living in but what stuffed me up was the fact that i had only been working self employed for 2 years and was earning very little but my partner was on a healthy wage but that didnt help unfortunately…now i have more…[Read more]
thanks heaps for your quick and large reply….what is a CGT Event??…My goal is the same as most peoples i want to make a lot of money and get out of this rat race..Property excites me i want to own heaps of them…
i seem to think in my own heade if i keep putting it off when will it happen i want out of this rat race so i will pay MI and be done with it thanks heaps for all your replys you are all my idols[]
thank you everyone who responded i am very confident with the money side of things i know i can afford it but its hard to convince the banks morgage insurance is the killer i have found they are the hardest to get past i tried to get my 1st investment property a year and a half ago the bank said yes then the morgage insurance fell through i was…[Read more]