LOL…thanks for the laugh Harold dont worry about that other person they havent a sense of humour at all i appreciated the laugh things are a little to serious on this site sometimes….[][]
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 negative geared BUGGER..i sold it eventually. I am currently paying off my home and looking to buy a POSITIVE geared Ip this time
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 between with different bank charges for setting it up ranged from $500 to $2,500….think i will staywith current leander for my depsit refinace with them and then go to a different bank for IP plus i have only had my loan for 16 months so i will prob. be charged for exiting early on that as well
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 cons??? Accountant also said their are set up costs and annually cost which are around 2,000 a year is this true??
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 else said take your time their is no rush and go by your gut feeling and do plenty of research..tell your wife to stop throwing it up in your face have a one last discussion about the loss and feelings about it and what you both learnt and what you will and wont do…remember you have to take risk or else you will not get any where life is about risk every sinle day driving a car is so much more riskier then anything in this world it means life or death these money games mean shit really although we all odviously love money big time when you consider living and health it is only money you both need to feel the fear and do it anyway think of what you have to lose and what you will gain The gains out way the loses any day…and if something bad happens YOU WILL HANDLE IT…you have in the past and you always will handle it …you can go to music download sites like kazaa and type in search engine self help and download stuff about fear and you and your wife can listen to them There is a tape that i have but cant put my finger on it at this time its called Feel the fear by Susan ???? sorry cant remember her last name but i am sure you will find something here good luck !!!
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 equity so hopefully that will help and i am now earning better money in my business..thanks anyway for your advice
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[]