504:

The poison must touch your tongue to kill you. Brad skulled his, and didn’t have enough time for the poison to hit him……

507:

63

Cheers
Mel

Kinks, I think high flyer has misinterpreted the 50 propertis bit.

TerryW said that they returned $2000pa AFTER expenses – which includes interest and rates etc. So the 50 houses are definitely not all paid off. And to have the $2Million, that would be houses valued at only $40K each. Talk about wanting to put off one scenario, to push…[Read more]

Fjficm

I would really recommend you grab Dale Gatherum Goss’s Trust Magic. It’s an easy read, and could probably be done in an hour or so. then you can refer to it for specific questions. Make time!

I think we’re probably fairly safe on Trust Law (that is Family Trust) not changing too drastically, cos I’d bet you a Million bucks that our…[Read more]

Geo mate, it’s in Opinionated!

https://www.propertyinvesting.com/forum/topic/5255.html

Cheers
Mel

Or….

Behind every successful man,

There is a surprised woman! []

Cheers
Mel

Another little birdie told me that there was another forum member who may get a mention in the article…..

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Mel

Wow Rachel, I had goosebumps reading your story! I’m so glad all has worked out for you and your little guy.

Cheers
Mel

Richard, if you make it a Put and Call Option I’ve found once the vendors understand it they are generally ok…..

Cheers
Mel

Hey guys

Can anybody give me any comments on Waterford West? Happy for you not to ‘hold back’….[biggrin]

Cheers
Mel

Hey Simon

Short answer. Nope, as ACT has also increased stamp duty concession (up to only $270K though).

Will be interesting to see what happens…

Cheers
Mel

Hi Acey

That’s the workaround I use, but it’s hard when I forget the last time I logged on!! I then guess by which ones I think I read most recently….

Cheers
Mel

Hi Goldie

It doesn’t really matter if individual houses are positive or negative. I would look at the overall portfolio, and try to ensure that is where you want it to be (either CF+ or neg gearing to save tax).

Cheers
Mel

Francis Low
National Business Lawyers
02 6230 5399 (I think)

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Mel

Hi Michael

Why don’t you list your parents as beneficiaries (subject to any Centrelink tests as mentioned above, you don’t want to mess with pensions).

This way, there are more than just you as beneficiary (and you DON’T actually have to distribute any funds to them, that’s why it’s discretionary), and so there should be no problems you being…[Read more]

Re the FHOG.

I thought the rules had been changed so that you now had to reside for 6 months in the home?

Cheers
Mel

Hey George

That’s a bit of a bugger![] I’m in a somewhat similar situation. My (now ex) partner and I have bought quite a few properties in joint names (d’oh, didn’t have those trusts in place!), and when we did set up companies and trusts (I made sure they were SEPARATE) we’re directors of each other’s company.

There are serious problems at…[Read more]

Hi SMTM

when we were setting up our family trusts we were told something about the shares, and family lines and stuff. We figured it didn’t really apply as we were mainly into property in the trust.

However, if we do decide to go into shares, we would more than likely looking at setting up a separate trust – to keep things simple and separate.…[Read more]

Originally posted by showmethemoney:
He basically believed we would have no real protection and that we would get about 3 years where we could distribute money to our children with any benefit.

Hi SMTM

I’m intrigued by this comment. How does your wife’s accountant work that out (maybe you should both go find a new accountant – that you agree…[Read more]

A good solicitor is essential.

We had a bad one, who ‘helped’ us ‘lose’ $175K.

Cheers
Mel

Jim Rohn gets an extremely positive write up from Tony Robbins – I think Tony first learned from Jim Rohn himself.

Personally, I have attended the majority of Tony’s seminars, and found them inspiring. The other good aspect was the groups you meet there, that you continue to meet afterward so you can all inspire each other to strive for…[Read more]