Hi tuppence

Agree with redwing. Your income i don’t believe is counted. If you are to buy CF+ investments, I would seriously think about a trust structure, as this gives you flexibility in who to pay the income to. You could also spend money ‘pre tax’ if done in the right way.

Cheers
Mel

Hello Zimonya, and welcome to the forum.

Trusts do not pay tax – the beneficiaries do. Any capital gain is also passed to the beneficiaries, so you can minimise this if you do it right.

Companies don’t pay CGT, they just pay tax at 30% – which is the highest rate for CGT if assets are owned more than one year.

Trusts are also more flexible,…[Read more]

Hi gringer, welcome to the forum.

I’m not sure if I understand your question correctly.

Are you saying that you have several assets already, and you wish to set up a company that will then own these assets instead of you?

If so, the answer is yes, you can do it, however there is a large cost. If you were to transfer these assets to the…[Read more]

Dan, I’m pretty sure that the answer to both your questions is No, that investing either in business or other things comes out of after tax dollars.

Do you have a good accountant? Maybe you need to find one who is creative, and who can help you legally ‘spend’ your pre tax dollars on things that you otherwise would buy with after tax dollars,…[Read more]

Dan

You would be wise to set up a separate company to be the trustee of your trust. This company, and your trading company can both be beneficiaries (in fact, your trust deed should be broad enough to include all companies you or other named beneficiaries are director of).

You can choose to give the income to any of the beneficiaries, which…[Read more]

Hi Kay

Yes, HK does go for predominantly new properties, but he also discussed reno’s quite a bit, and how to get wholesale prices so that your reno looked the best for a cheaper amount. Also ‘older’ properties if you could get longer than normal settlements etc.

As for buying strategies, I actually do prefer a growth strategy to a purely…[Read more]

Shaun, did you sell my detergent to others on me?

Not happy[V]

Cheers
Mel

Plane A will take longer cos if they travel home at the same speed, plane B will go faster with it’s tailwind.
Presumably they both leave Sydney at the same time.

Agree with the guidebook!

Cheers
Mel

Welcome back Kay!

the boys have run riot without you here to keep them in line. Many postings of:

LOL []

And

[^]

etc. etc. Got a bit boring[V]

Cheers
Mel

aussie, where are you?

It does sound very much like a drug deal?

Is what the ‘package’ is relevant? Is the fact that she didn’t knock relevant?

Cheers
Mel

Chris, I think you then need to look at the contract of sale. If it was purchased ‘subject to tenancy’ I think you inherit that lease.

Cheers
Mel

I would love a government to cull all the dead wood in the public service, but it doesn’t happen.

If packages are offered, only those who were retiring anyway, or know that they can get a job elsewhere put their hand up. So all the productive people leave, and the dead wood remain, and all collect together.

In my workplace (former, as I am…[Read more]

In answer to ‘who’s read the book in the LAST 12 months’ I would say that whoever has read the book will have.

Wasn’t it released in August/September last year?

I’ve bought one property in the last 6 months, 20 in the years preceding, and am finalising details on a purchase in Sydney in the next two months. The book has made me think more about…[Read more]

Very true and valid yack, but there are some people who can only afford to buy the $30K properties to start.

All bar one of my properties have been purchased for growth rather than cashflow, and I think that that trend will very much continue. I am looking into alternative investments that will give me the cashflow to continue to buy growth…[Read more]

Guru, I don’t think there is a central place that you could go to. I doubt it would be in anyone’s interest to set up a dedicated site?

I remember seeing in Wealth Creator a site where you could become a member (for a fee) and browse the developments. Obviously it’s not well known, and I don’t know how many developments ever made it to the…[Read more]

There’s a few sites listed here that people posted in answer to the same question a while ago.

One company is http://www.fsbo.com.au another is ANREPs (don’t know their website). http://www.selfsell.com.au

Cheers
Mel

Jarrod, that is true, unless the tenants agree to pay more. At which point you would probably re sign the lease, so really have a new one. But it can be done.

Cheers
Mel

Paying yourself first is most definitely ‘investment’ money.

Buying a tv or video etc. is not paying yourself first, cos this money is then gone. You need to reinvest the money you have, so that it can pay you again and again.

I like John Burley’s words on spending the interest, or what your investments have earned. He calls spending that…[Read more]

Ziggy, from everything I have read/heard, you would be wise to actually set up a trust in NZ and put the properties in that entities name.

Need to have good accountant both here and there, and they need to talk to each other as NZ investing brings up all sorts of tax rules in relation to bringing money back etc.

Cheers
Mel

But you don’t have to make the decision until you sell. However, it would be a good idea to get a valuation done on the house you move out of when you move out. Talk to your accountant about this.

Cheers
Mel