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Viewing 20 posts - 901 through 920 (of 1,166 total)
  • Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi eliz

    There is quite a long thread dedicated to this subject at:
    https://www.propertyinvesting.com/forum/topic/22508.html
    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi alto

    Yes a company can be a trustee of two different trusts, i.e. your SMSF and your HDT.

    In relation to a company being a trustee of your SMSF the ATO says:

    “A self managed superannuation fund can have a company as a trustee (known as a corporate trustee) if:

    The fund has four or fewer members.
    Each member of the fund is a director of the company.
    No member is an employee of another member, unless they are related, and
    the corporate trustee does not receive any remuneration for its services as a trustee.”

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi bloach

    Just in case you fall over “the deal of the century” :-) beofre you get your PR, you could aleays use an option to secure the property. And, if you want to live in the property you could use a residential lease combined with an option (generically called a Lease/Option). Steve has some information about Lease/Options at:
    https://www.propertyinvesting.com/strategies/lease-options.html

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Compleks

    Her’s my wish list:
    1. Business advisors – Steve McKnight and Rick Otton
    2. Accountant – Dale Gatherum-Goss (Melbourne)
    3. Lawyer – Tony Cordato (Sydney)
    4. Mortgage Broker and Financial Advisor – Richard Taylor – (Qld).

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Compleks

    Steve product Wealth Guardian is very good. It can be found at:
    https://www.propertyinvesting.com/resources/11.html

    A couple of other books are:
    “How to legally reduce your tax” – by Ed Chan and Tony Melvin.
    “Trust Magic” – by Dale Gatherun-Goss. One place you can buy it is:
    http://www.propertyupdate.com.au/pages/Trust-Magic

    I hope that helps.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Richard

    Would you be able to give us a rough idea how the bank calculates the percentage of equity the borrower sacrifices? Also, does this calculation have a “time” component in it? Thanks.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Dave

    As you will will probably be investing some hundreds of thousands of dollars building your portfolio in the future, I’d suggest you don’t “nickel & dime” your real estate education.

    I suggest that $100 is very cheap education. I’d also suggest you have a look at
    https://www.propertyinvesting.com/resources/11.html

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Izzy

    Have a look at the Help Needed forum, the first “Sticky” thread. It’s at
    https://www.propertyinvesting.com/forum/topic/22508.html

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Francis

    My wife and I have recently turned three different negatively geared properties into positive cashflow for our clients.

    We do this buy selling the properties with Vendor Finance. We structure this type of sale so that you receive positive cashflow until the new buyers refinance out of your Vendor Finance, into a traditional loan. This process usually takes two to three years.

    Obviously this won’t be attractive if you don’t wish to sell the property but, if this is an option for you, your sell price is fixed at the begining of the transaction and your IP generates positive cashflow.

    I hope this helps.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi w1ward

    My wife and I have recently turned three different negatively geared properties into positive cashflow for our clients.

    We do this buy selling the properties with Vendor Finance. We structure this type of sale so that you receive positive cashflow until the new buyers refinance out of your Vendor Finance, into a traditional loan. This process usually takes two to three years.

    Obviously this won’t be attractive if you don’t wish to sell the property but, if this is an option for you, your sell price is fixed at the begining of the transaction and your IP generates positive cashflow.

    I hope this helps.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi

    In the winter (in the southern hemisphere) the sun travels north (or seems to but we won’t get into too much science here).

    If your house is facing north, it gets more sun in the winter and therefore should be warmer in winter.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Molly

    Sorry, I don’t know cashflowcapital.com As you are just starting out I’d suggest you read Steve’s latest book. Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi nikikb

    I would not sell it. As mentioned above, I would access some of the equity in this IP and use it as a deposit for another IP. Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Tony

    We’ve now done a total of 17 Vendor Finance real estate transactions (since March 2004). These have mainly been Wraps but we’ve also done Lease/Options and Second Mortgage Carry Backs.

    My wife and I paid the money and got ourselves educated in Wraps, etc and now have a very profitable business that we enjoy immensely. Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Cougar

    Dale Gatheum-Goss get a very good wrap up on this and other forums. His website is at:
    http://www.gatherumgoss.com/

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Carmelian

    Try:
    http://www.nmddata.com.au/index.php

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    G’day John

    We’ve been successful in refinancing peole out of our wraps by offering a zero cost refinance to them. We had plenty of profit in the transaction so the cost was relatively small and gave us access to our profit. We did however insist that this was a once only, not to be repeated, promotion that had to be taken up in 4 weeks from notification.

    We only had to do this for a number of our early wraps where we hadn’t built two to three year interest rate honeymoon periods into the Instalment Contract.

    Also, we’re in NSW so Stamp Duty is paid going into the wrap by the wrapees. As you’re in Vic, I guess you’d have to exclude the Stamp Duty cost from the “free” promotion.

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Bronny

    Karen and I have built what we regard as a successful vendor finance business using Rick’s product and his mentorship. I couldn’t agree more with Dr X. It’s definitely “what you make of it”.

    I’d suggest you have a look at the following resources to try to get a bit more information on Vendor Finance, before you start disposing of your blocks:
    http://www.financewraps.asn.au – The Vendor Finance Association of Australia

    https://www.propertyinvesting.com/strategies/wraps.html – Information on Wraps

    https://www.propertyinvesting.com/strategies/lease-options.html – Information on Lease/Options

    http://www.businesslawyer.com.au/fr_property.html – Click on the Vendor Finance For Real Estate Link.

    I hope this helps.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Trude

    Karen and I operate mainly in NSW and Qld. In NSW we use Tony Cordato for our contracts, including Rent To Owns (a lease and an option to purchase). In Qld we use Paul Brennan.

    Good luck.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi tiredofthis

    Hmmm, not to far away from giving up the 9 to 5 because of the business we’ve build with Rick’s help and every one of our clients happy to give referrals.

    Gee it’s a bugger being brainwashed :-)

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

Viewing 20 posts - 901 through 920 (of 1,166 total)