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Thanks everyone for giving me advises! I love this forum
Ok from what i gathered i should consult with an lawyer or accountant regards to setting up trust. Any recommendations??
I want to build a duplex as my first lP
. 3 bedroom in unit 1 and 3 bedroom in unit 2 . Budget $550,000 and i want to put 20% deposit. How can i take advantages of the government give out $15,000 on new property?Hey Jamie thanks for the quick reply and all your suggestions are appreciated
! When i turned 20 i really thought about my future, so from then on i been reading Steve's books and property mags wished i was one of those people in the mag talking about they positive property portfolio lol Now, i kinda grasp some of theory behind Steve's strategy, but it is so hard to apply it! lol1. I think everyone's goal on this forum aims to get enough passive income, so they don't have to work and becoming financially free in the future. So yeah answering your question above, i think it is ideal for me, as i want to own enough property to live on passive income. Also, If i ever want to get married and then get divorced, i guess this structure can protect my assets lol ( i am female if your wondering)
2. ok, if rates is not as important, then what is?
-I am only 22yrs old, so i don't want a PROR anything soon. My plan is to buy PROR with my future partner and get married and have kids maybe when i am 30 so that is another 8 yrs away from now lol. i am happy with renting inner sydney city apartment, so owning my own PROR is not my agenda yet
– so maybe with $200k i can potentially buy up to 2-3 IP? if the price range i am look at is 250-350k lP outta Sydney
– it sounds like you don't think that structure suit me? can you explain why you think that? any suggestion is appreciated
i think Bradley might be renting out the rooms separately eg 6 rooms x $110-120 /wk/room
