Breakfree/Sebastian

A trust is not a separate legal entity, unlike a company – which is like a person, without a soul (or something like that[biggrin]). So the trustee will hold the assets ‘in trust for’ the beneficiaries of the trust. I suppose it’s simpler to ‘set up’ a trust for legal/tax purposes rather than to list the whole plethora of…[Read more]

I’ll answer this one, seeing as all other answers so far have been ‘no guru’…

The one that I recommend above all others is tony Robbins (it’s funny that his ad came up on this thread as I was reading it…).

Of course, you have to implement what anybody teaches, but I think the biggest issue I had (and I reckon that most people have) is what…[Read more]

Hi guys

Reading some of these posts has just given me a thought [confused2]

We all say that we can pretty much learn all this investing stuff from books, and I agree with that to an extent…

But, NOWHERE in any books have I read, did I learn that it was possible for me (and my partner) to purchase 10 properties in the space of 2 months (OTP)…[Read more]

G’day

My advice is to do a search of the forum for Richmastery and Brad Sugars, Phil Jones and David Hows (?).

Also do the same search on propertytalk.co.nz, and maybe even over at Somersoft.com.au

Cheers
Mel

LOL Monopoly

It must be that unmentioned chemical – it fuddles the brain – not to mention the fingers, I’ve spelt just about every word in this sentence wrong![biggrin] (that must be the leaded Coke’s problem as I don’t drink unleaded)

Cheers
Mel

You’re right – guys just don’t get it..

Dear Friends,

It is important for men to remember that as women grow older it becomes harder for them to maintain the same quality of housekeeping as they did when they were younger. When men notice this, they should try not to yell.

Let me relate how I handle the situation. When I got laid off from my…[Read more]

Originally posted by Monopoly:
Thanks for clarifying that for me. So that means that your 149,000 property will actually cost you more in AUD and your rent each month will be less.

Monopoly, surely in AUSD the property will cost more, but the rental will also be MORE rather than less?

Cheers
Mel

If the agent wasn’t planning on charging any more than the first agent would have charged you, then it’s fair enough that they get their full commission. For all you do know they may have spent a lot of time searching the area for properties for this buyer (so not necessarily for you specifically, but he has found your place in his…[Read more]

I thought ice cream was made out of pig fat?

Jo, a Kiwi that I worked with a few years ago now told me that she read about the harmful chemcials that are in Unleaded Coke to make it Diet, and that they are far worse than drinking leaded Coke – can’t remember what exactly, but she certainly stopped drinking it in a hurry!!

Oh well, I’ll still…[Read more]

Russell, not sure where it is covered on the site – but Julia used to post here a bit. Maybe contact them and ask the question? Julia seems very helpful….

Cheers
Mel

[offtopic]Hey Westan, does that mean you have to move house country again[ohno]

Cheers
Mel

Ray, fjficm’s property probably isn’t CF+. Not all people on this site subscribe to the CF+ is the ONLY way to go for ALL properties.

I would suggest (my opinion) that it has been bought cos it’s affordable, and in an area that is still showing a bit of growth…

I will be corrected if my assumptions are wrong I’m sure[biggrin]

Cheers
Mel

Newgen, I believe vals have a ‘life’ of 3 months, so if CBA/Colonial were to accept you attempting to reval within such a short time period, they would need a new val done.

Cheers
Mel

Brendon

Typically the larger experienced development companies who can provide a capital guarentee will offer around 12% with a small bonus on completion.

There are a lot of ‘smaller’ developers out there who cannot provide this level of guarantee. Therefore the ‘risk’ to the investor is higher, and so must the return be. This does not mean…[Read more]

SIS, Re Dolf de Roos

Definitely. It included his books, and the video ‘Twists’, and the software.

To get back the value I paid, I only needed to increase my total rent by $20 a week across 10 props ($2 a week) to get the cash back, and barely anything at all to get the ‘extra value’ out of a valuation.

For info (and you can download from his…[Read more]

Sebastian, sorry, Nope!!

The trust is not on the title – trusts cannot own anything in their own right. The trustee will be on title – as it is holding the assets ‘in trust’ for the beneficiaries.

However, changing trustee should not cause CGT or SD, as the beneficial ownership of the asset has not changed…

Seek legal/taxation advice…

Cheers
Mel

Hiya Melodie

there’ve been quite a few posts on this subject in the past – including some helpful sites where you can list your property if you do go private.

If you do a search (from the left of the page) you should come up with a few matches…

Cheers
Mel

Ah Gatsby – you are in the wrong job – unless you make the people you look after laugh too[biggrin][lmao][laughing]

Cheers
Mel

Stelep, are you calling your debt ‘bad debt’ in that you lost a whole shedload of money, with nothing to show for it, or ‘bad debt’ in that it’s not deductible debt.

I would argue that it is deductible debt, so in that sense it is ‘good debt’, however the investing ‘went bad’ so in that sense it’s more ‘dumb ass’ debt!!

To convince your brother,…[Read more]

Originally posted by depreciator:
When he’d finished, I asked him very patiently, if it wasn’t too much trouble, whether he’d be able to call the valuer and ask him if he visited the unit how he managed to miss the third bedroom and the second bathroom.

There was a long silence.

That’s priceless!! I wonder if that guy/girl got any more business…[Read more]