Thanks for the replies thus far.

From reading the responses I have come to this conclusion:

The trustee (individual or Pty Ltd) would purchase a property on behalf of the Trust (and sign the contract as such). The trust effectively owns the property however in the event of a problem (i.e Trust not being able to pay mortgage) the trustee has…[Read more]

Thanks to you both.

I am based in NSW to there goes that idea.

Does anyone know if it possible to do this in QLD.

Regards

Mulder

Hi all,

I have found reading this thread though provoking and it has sparked an intrest in doing some further research on this topic.

Can anyone provide any leads to Websites, books etc on using options to by and sell property.

Thanks
Mulder

Hi all,

We bought in North Frankston end of last year. Sure the area may not be so desirable but people still need somewhere to live. Given that the Frankston area is only approx 40km from city, on the coast, and the new freeway making travel time shorter, I am taking a “calculated risk” in the purchase.

My 2 cents worth is that the surrounding…[Read more]

Going for broke,

I can understand your situation.

We are in similar circumstances with 2 IP’s slightly -ve geared, own home and now thanks to Steve’s books motivated to sort it out. We are currently in the midst of consolidating and selling one of the IP’s (worst performing). Looking at adding value or possible wrap for the other.

Crunching the…[Read more]

All that replied to my Post.

It took a little while, however I the response has been great and I have received a number of PM. I am also finding out what a great resource this fourm is.

I will be contacting some of you soon.

Thanks to you all.

mulder.

Hi,

I am currently reading Steves 2nd book and agree the Buy, Rent, Hold strategy is extremely difficult to come buy, you still may find the odd one in a wayout town.

In the current market other than parts of WA, Steve’s suggestion is to create more deals on a short term, rather than long term. More like trading property through the strategies…[Read more]

gamay,

There are different requirements and legislation for the handling of asbestos materials within each state.

NSW for instance – A licesned Asbestos removalist is required where the amount of asbestos equals and exceeds 200m2. Under this amount you are able to remove yourself however it needs to be done in accordance with the OHS Regulation…[Read more]

Thanks both of you,

As always there are so many variables, I agree at some point I am going to have to live with and be happy with a certain amount of risk.

My invisaged path is for positive cash flow investments with a focus on Lease Options (yet to find one though) and then perhaps development at a later stage.

The search now continues for…[Read more]

Thanks for the advice Terryw, Cata, hb and redwing,

I have been away from the PC the last couple of days.
Your advise has confirmed a few things for me, I have sought have come to the conclusion on the following setup.

Set up a discretionary trust, and have a company as the trustee of the trust, with myself and other family memebers…[Read more]

Hi SK2,

We to have been looking in that surrounding area (approximately 20km within CBD) over the past 6 months. These were our findings (take them how you like).

– If you are after capital growth this area including, kingston, Slacks Creek, logan central and Woodridge have room to move.

– These areas are generally lower income and do have a…[Read more]