minnar replied to the topic Just one tip… in the forum General Property 19 years, 4 months ago
my most important tip is for all people whether they are property investors or not. GET YOUR FINANCES IN ORDER! This is simply translated as make sure you spend less that you earn and don’t get caught in the consumer trap. Understand the difference between an asset and a liability and good debt and bad debt. Take financial responsibility for…[Read more]
minnar replied to the topic How to calculate positive geared commercial prop ? in the forum The Treasure Chest 21 years, 4 months ago
Quote:
I guess you didn’t read Steve’s book and don’t know what I ‘m talking about.Using the 11 second solution works for both resid and comm properties. Due to your reasons specified the cash on cash return formula would be more accurate after the outgoings payable by the tenant had been determined
Regardsminnar replied to the topic Protection using TRUSTS in the forum The Treasure Chest 21 years, 4 months ago
my understanding is:trusts can be a powerful vehicle for many reasons icluding:
protecting assests if your job includes being a director of a company that has the risk of being sued and therefore directors being personally liable for debtif you already earn a high income and +ve gearing is your chosen investment vehicle then profits made can be…[Read more]
minnar replied to the topic in the last week in the forum The Treasure Chest 21 years, 4 months ago
+ve: the investment gives you an income, however slight, -ve: you must pay money into the investment and claim as a deduction against tax paid.
Regards