Forum Replies Created
Hi,
I dont think they're just in bundy. I'm a concrete pumper and i remember doing a job for them on the gold coast. All i can say from my experience with them is the foundation on this particular property was really good, deep and a lot of concrete went into it. The only thing i could say is that we did it in the rain and there was a lot of mud which i dont think is too good for the foundation.
regards,
LukeIf you already have a property in your own name it can be costly to change to a trust as you said, however you can do an equity transfer. Basically as it pretty much says, you can protect your equity in your property that's in your name by giving your equity to your trust and that money can be used to buy more property through your trust.
Hi,
You should consider things such as the body corp, rates and any other outgoings that it'll cost you. Should also see if you could make any improvements to the unit to improve the rental yeild as it doesn't seem that high. I'm not sure about the area but what you've said it sounds good. Are there many job opportunities in the area etc.
Luke
Thanks Terryw,
Could I start a trust and use it to put any spare cash Into it as if it were a savings account before I invest?
Say for instance you did have another trust as a benificiary, are the profits still taxed or can you use the profits (before tax dollars) to reinvest in another property etc?
Hi,
There are many ways you could use this money to make you money. I strongly believe you should see your financial adviser before making any moves and of course, do your own research on what would best suit you. Not knowing your situation, there are many things that interest me that I would invest that money into such as options in the share market to create cashflow. If this is interesting to you google renting shares or go to the asx website that will take you through step by step on how to deal with options. Or, reinvest it back into property which I also would like to do. If you are close to retirment, then consider putting this money into your super, i believe that the tax is much less when you're over 55 (My dad is going through this at the moment).
Hope I helped you a little.
Kind Regards,
Luke
