Thanks Forklift,

Will go and check it out. [biggrin]

Can you Sal, Sac. payments to a trust?

Hi Guys,

Quick question about trusts etc…

I’m looking into establishing a Hybrid Disc. Trust, possibly with a Corporate Trustee added later, and am curious about deductable expenses, ie travel to IP’s etc. Can the trust claim these if you are a listed trustee?

I’ve focussed too much of my time previously on establihing a company, only to find…[Read more]

Hi Investor,

Might want to remember you are still purchasing a property to make money. If the market cools and prices fall, yes you can guarantee your client won’t exercise the option and you’ll be able to bank their fee for it, but will this cover the capital loss in the property purchased that you still owe?

During the downward trends, it may…[Read more]

Hey MKC,

Not too sure about your neck of the woods, but in the NT you cannot get rental insurance on commercial properties…

Something to think about anyway if it is a smaller business occupying the premises.

Good luck with it all,

Mark.

Thanks heaps Richard.

Any recommendations on where I can find out more about trusts etc or books/articles to read?

Hi Solomon,

If I remember rightly, he made enough money from his first deal to avoid having to go to uni and to begin his career..

Mark.

Hi Katie,

You’ve landed here, so you’re doing something right. [exhappy]

I’d recommend to keep reading, researching, saving and always keep an eye out for potential deals.

The Rich Dad series of books by Robert Kyosaki are awesome. Start with Rich Dad, Poor Dad and then move on to Cashflow Quadrant. By the time you’ve finished these you’ll have…[Read more]

We’ve all come across our fair share of negative nelly’s in our time, whether it be friends or family, and I think some of the driving emotions behind these reactions are envy, fear, self doubt and disappointment. Notice how only one is actually linked to their feelings for you….. coincidence???

If you are happy with the research you have done,…[Read more]

Way to go Peter.

All the best for these and your future ventures.

Mark

Hi Terry,

Depending on the detail you would like, there is a huge range of Software Packages available. A relatively basic package, from stores such as Harvey Norman, should set you back approximately $100. These should give you a rough idea on how the finished product will look from different elevations etc..

From there you can go up, up and…[Read more]