For those that have it – is this the kind of thing that Steve’s new software package Investment Detective does?

Cheers Derek.

That’s kind of what I suspected. Use a Financial Advisor (or seminar in this case) to get some strategies and direction and build on it yourself from there.

Regards,
Linden Glen

Do many people use Financial Advisors as part of their property investment strategies? Are they only useful for starting out?

What exactly do they assist you with? Structure, ways of using funds? How are they different to an accountant?

How will you go about renting out the shed? Is there a high demand for shed/workshop space in the area?

Cheers,
Linden

Hi Rob,

I thought there was such a thing as a gift tax….. just something I heard many many years ago.

*thinks of The Taxman by the Beatles…..*
If you try to sit, I’ll tax your seat,
If you get too cold, I’ll tax the heat,
If you take a walk, I’ll tax your feet……

Cheers,
Linden

I did some further research and found this website : http://www.victorialaw.org.au/Commonground/index.htm which provides a great overview of the function and laws around Body Corporates. Specifically applicable to my question is the following :

A body corporate is a legal entity so any action it takes should be based on the Act and Regulations…[Read more]

Thanks all! I suspected I’d get the “it depends” response, but the extra advice has given me something to think about – which is what I was after.

Cheers,
Linden Glen

Thanks myoung,

Can you make payments from the trust sooner than anually? ie. weekly or monthly?

Regards,
Linden Glen

Can benefits from a trust be realised if it is only the first investment property?

Also, where does the rent go? Do you setup an account owned by the trust? And do you pay for maintenance, etc. from this account?

Regards,
Linden Glen