Linda, I think Derek was referring to calling you ‘sweetie’ rather than anything else[biggrin]

I remember Billfromoz having the same ‘thought’? Esp when his wife asked him who he was emailing?[eh]

Cheers
Mel

I’m not a wrapper, but believe I have a fair understanding of how they work.

A point that Neil Jenman constantly makes is that potentail wrappees cannot afford to get traditional bank loans. I would say this is untrue.

Many reasons people cannot get traditional bank loans:

No deposit
No savings
Irregular or ‘unrecognised’ income
Default on…[Read more]

calvin

i sure as heck hope you meant that your accountant who set up your trust was the settlor, and not the appointor.

The Appointor is all powerful! Check out

https://www.propertyinvesting.com/forum/topic/9986.html

Cheers
Mel

Steve

Are you not sleeping at night because of the future and how to have it set up correctly, or because of the possibility of an ATO audit at which point you’ll be in the p**?

Also, when you paid out the loan on your PPOR, did you do it from the refinance monies (ie tfr debt from PPOR to IP) or by a lump sum from elsewhere? If it was by tfr…[Read more]

Jay, after you logon, click the button on the left of screen that says ‘Active Topics’. That will show all topics added to since you last logged on – grouped by forum.

Alternatively, you can choose a timeframe to see those posts that have been created since 15 mins, 30 mins, 2 days etc. etc.

Cheers
Mel

Pisces, nothing has changed.

If you want to go back to the same post, you do need to click back a couple of times.

Cheers
Mel

Just spoke to my accountant this morning re my 02/03 tax return. He told me that I made a ‘loss’ of $120K on my properties in that year. Adding to some courses I am claiming, my taxable income for year 02/03 will be -$100K!! Woo hoo for me. Some huge losses to carry forward to this year where I’ve got a reasonable capital gain….. Plus earnt…[Read more]

Tinkerbell, was the advice to buy shares or managed funds perchance?

I often get annoyed when I read the answers in those sort of write in sections, but when they’re financial planners, you don’t expect much different.

There are some that will give advice on property, but not too many I’m afraid.

However, perhaps the advice to stay away from…[Read more]

Marc, a couple of things

Talk to all of your daughters, and ask them what the others would think of you trying to help this one out. If they are amenable, then good – if not, dig deep and find out why not. You have ‘helped’ them out by buying that IP with them.

Then as has been said, talk to your daughter and her hubby separately. Hubby may…[Read more]

Originally posted by Pisces:
I do however find his wife’s behaviour abominable.
Because of her position, yes, she should have shut up and suffered in silence, not bring further disgrace upon the family.
Behaving in a prim and proper way comes with the territory. Sorry.

What a crock! He’s allowed to bang away all he likes with the ugly duckling,…[Read more]

hey Kay

Bill’s still very bearish on Canberra, and property in general, so the others of us that meet up don’t invite him when we want to discuss real estate[evil4]

Cheers
Mel

After many years of putting everybody else above me, and putting all spare cash towards investing, I’ve finally worked out that to stay sane I need to spend time doing stuff just for me.

Now the only problem is how to break the habit, and work out what I want [blush2]. I’ll get there….. eventually.

Cheers
Mel

Misty1

If you charge a higher rate than you are paying, you will need to declare income and pay tax. If you charge the same, then it’s a net of 0, so no problem.

If you charge less and try to claim it as a loss, the question will come back as to what ‘investment’ or gain you expect to get out of the loan.

IMO you would be best to charge what…[Read more]

I want vindaloo! Stop teasing all of you….[blink]

Cheers
Mel

Luke

If you’re going to reno a property – definitely get a QS done BEFORE. This way, you can claim everything you replace as a write off straight away!!!!! then you can depreciate the new stuff.

Cheers
Mel

Cobra, I like to take your principal, and change it a liiiittle bit..

Do unto others as they wish to be done unto.

This way, you are not actually putting your beliefs etc. onto them, as they may not wish to be treated the same as you. I think Tony Robbins (?) was the one that made that distinction for me, but I’m not 100% on the…[Read more]

]
a) Whether your first porperty was a PPOR or an IP,
IP, then I lived in it (before I owned it), then always been IP

b) What made you think about buying a first property and
My grandad was dumping my grandma, and wanted his half share. Grandma was sick, and I didn’t want them to have to sell the house – it was a nice little 2 bed…[Read more]

The big thing is that you cannot claim ‘losses’ for your own personal income – as you could with a unit trust.

Basically you would treat it as a IP for the trust, and you as the standard tenant. So I don’t think your landlord can do you too many ‘favours’…

Cheers
Mel

Awww Mini, don’t cry – actually go ahead – it’s quite ok to cry.

Congrats on 1000 (even tho I’m a little late[blush2]), and congrats on your journey over the last couple of years….

Cheers
Mel

Bruce Whiting

http://www.mintgroup.com.au

Cheers
Mel