Forum Replies Created

Viewing 8 posts - 21 through 28 (of 28 total)
1 2
  • Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    January 13, 2005 - 4:44 am

    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

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    January 13, 2005 - 2:59 am

    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?

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    January 12, 2005 - 7:27 am

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

    Cheers,
    Linden

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    January 12, 2005 - 7:01 am

    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

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    January 12, 2005 - 6:38 am

    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 that set out its legal functions. These legal functions are:

    * to manage, administer, repair and maintain the common property
    * to organise compulsory insurance and any other insurance for the body corporate
    * to issue body corporate certificates to prospective buyers and others who want them
    * to ensure that the Regulations and the rules of the body corporate are complied with.


    Now, my new question is – does this mean the agent lied to me, or am I missing something? I don’t intend to purchase the property, however am now curious as to the fact behind his claim for future reference.

    Regards,
    Linden Glen

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    December 2, 2004 - 4:56 am

    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

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    December 1, 2004 - 11:45 pm

    Thanks myoung,

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

    Regards,
    Linden Glen

    Profile photo of lbglenlbglen
    Participant
    @lbglen
    Join Date: 2004
    Post Count: 37
    December 1, 2004 - 7:41 am

    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

Viewing 8 posts - 21 through 28 (of 28 total)
1 2