Hi

Thanks for the quick responses.

The strategy that I have been taught, through my parents & their accountant, is based on negative gearing & tax minimization. I have implemented this strategy myself and as mentioned in previous post I do have investment homes.

Furthermore, the accountant that i currently use (same accountant as my parents) has always advised against using trusts, and any other different structures. Therefore, my structure…if you can call it that….is very simplistic….my properties are in my wife's name, or my name…..dependent upon what was best at the time to minimize PAYG tax and potential Land tax consequences. 

From reading Steve's book, & personal experience,  I now realize that the strategy I am using is potentially limiting in its nature (& long term based).  I now also realize that their are more effective investment strategies for wealth creation.

My initial goal is to gain a greater understanding of the different strategies that can be used and then review my own situation with an ultimate goal of being able to use passive income from properties to supplement/or potentially replace my work income.

In order to achieve this goals I am very willing to do my own research and learnings, however, at the same time I would like to work with someone, preferably face to face, who can coach and mentor my wife.