Forum Replies Created
Hi Ozsparky,
Had a search (couldnt get the link to work) but havent had any luck? what did u type in to search for?
Hi all,
Thanks for the added info Redwing and TerryW.
I actually got my ever reliable mum to grab me a copy of the ‘How to legally reduce your tax’ (as she is a business & libary lecture) and I started it on the weekend.
First few pages have already spun two of my long held thoughts on the head – which I love as it gives you a much broader coverage on issues and opposes your own beliefs.
Once I get through this I think I’ll try get work to buy the other title recommended by Cata and Redwing – Bulletproof Asset Protection. And maybe even Dale’s next!
So far this book is just what im looking for so thanks again all for the posts. Really is appreciated.
P.S. ‘Ma Ma’ also mentioned that this was one of only two copies left and when the lady at the shop was showing her where to find it she said ‘right, heres one copy..now where’s the other. Mum replied ‘oh thanks I only want one’ to which the lady said ‘ oh yeah i know..I want a copy for myself!’ (think the title got her in)
Thanks grossrealisation and Cata,
Might end up getting both!
Ive had a look at the website and Ed Chan’s book looks really quite comprehensive in terms of what Im after – thanks again grossrealisation.
Ive sent an email through Cata.
Hi Tony,
Do you mean a book by Ed Chan and Tony somebody? Sorry.. not really up to date with the books and so on.
Whats the title and where did you find it?
Thanks for the post.
It’s commodity rush fever over here in WA and its driving a lot more than the housing sector.
4 out of this weeks 5 IPO’s are for Gold Explores with more to certainly follow. The price of gold itself is at records highs as is most other material that can be dug up from the ground and sold to the emergin markets of asia.
I guess one thing to consider is sustainability and whether the commodity boom will keep going. If not, and mines shut downs so people loose jobs and head back to the city for work it might get a little unstuck in the IP market
But who knows which way it will go – you put 9 economists in a room 3 will say up 3 will stay steady and 3 will say decline.
Kambalda might just be the next gold mine waiting to be mined.
Just food for thought.
It’s commodity rush fever over here in WA and its driving a lot more than the housing sector.
4 out of this weeks 5 IPO’s are for Gold Explores with more to certainly follow. The price of gold itself is at records highs as is most other material that can be dug up from the ground and sold to the emergin markets of asia.
I guess one thing to consider is sustainability and whether the commodity boom will keep going. If not, and mines shut downs so people loose jobs and head back to the city for work it might get a little unstuck in the IP market
But who knows which way it will go – you put 9 economists in a room 3 will say up 3 will stay steady and 3 will say decline.
Kambalda might just be the next gold mine waiting to be mined.
Just food for thought.
Thanks a heap Qlds007,
Much appreciated!
Hi Qlds007,
I’ll try answer as best I can (thanks for reply too),
1) Existing isPPOR
2) N/A
3) $75 to be on the safe side
4) Rental income estimated at $200 p/w
5) Not to sure yet, would look at both options (ie 100% loan for the IP or redraw the $60K equity or part thereof)Thanks again Richard
Thanks Cata & Michael,
Cata – where would be the best place to read more about Bulletproof Asset Protection. Had a look on the web and cant seem to track it down?
Michael – is ‘bookshops’ part of this website?
Hi molkenr,
Try Rob Prouse of Rob Prouse & Associates 0419 191 236. Owns several IP’s himself and Ive found him to be really quite good.
Absolutely no way.
I personally could not live in a place like that and if I couldnt Id find it very hard (and immoral) putting a tenant in that position. But I guess if you disclose it and the rent your going to ask for takes this into consideration there maybe people out there that would be comfortable with the ‘history’ and would appreciate the lower rent.
I remember hearing about an RE that sold a house quite recently in Sydney that had has a similar history. Caused alot of controversy as they didnt disclose the history at the point of sale. Not sure what happened to the RE.
Hi luckyinvestor,
Id suggest trying John McDonald on 0403306420. Think the companies name is John’s Handyman Services or something along those lines.
My mother actually used him (and still does I beleive) when my Dad was ill and found his work to be very thorough and affordable.
Really nice guy too.
Anyways, just a suggestion. Sure there’s heaps out there.
Hi Gabsman,
Not sure of any advisors working out of South Australia but I work for an investment/planning firm in Perth so I can give you a few ideas of things you may want to ask ‘prospective’ planners if you have to start to look from scratch?
Hi again grossrealisation,
Your ears must be close to the coal-face. I heard about the trust only a week or so ago (and we deal with the Macq daily). This was just released.
http://www.macquarie.com.au/au/about_macquarie/media_centre/20050201b.htm
But in saying that I guess there could be two european property trusts?
About to look at its suitbalility for clients.
P.S liked the look of some of the info you sent through, will get Mark (one of the Directors to call you monday). Thanks again.
Hi grant,
I agree with Cata on the TFN & ABN. For all our clients with Hybrid Trusts (much the same for this scenario) we apply for an ABN & TFN. And its actually quite easy to do at abr.gov.au. It walks you through it step by step.
Double check with your accountant for your particular trust (or the person who established) but I think you will find you need both.
Hi Sheba,
I work in Fremantle WA and I know car parks are as rare as hens teeth. I’ve been thinking about the same type of investment myself.
Things are so tight over this way the council actually allow our secretary to issue parking infringements for people taking up our bays.
And one of the major positives is that car bays are usually paid for by the company – so you don’t get the ‘tenant’ issues you might with normal PI. when collecting rent.
If there’s a carbay or area your interested in specifically it might even be worth just contacting the surrounding business as they would surely know who they are paying.
Would love to hear how you get on. Goodluck!
Hi Jimmc,
By Equity Stake I assume you mean a stake in the earnings of the recording business? Sounds like a very interesting project. Could you post a little more info?
Thanks
Hi GSJ,
I did hear about a product like this arising out East somtime back. Thanks for posting the link, I’ll be sure to have a look but can’t offer much in terms of advice.
One thing to consider though – ATO Product Rulings are not always the concrete backing alot of investors consider them. Just look at things that have happened in the Tax Effective/Managed Investment sector of recent years.
Thanks Derek,
Thats what I thought, just wanted to check I was missing it somewhere.
Hi Tveia,
I work for an Investment & Property Development firn in WA – not looking for more business but maybe able to help with what too look for.
Amongst all the other important characteristics to look for like experience, self-investment, number of clients (with references) & so on I think Education is a key element..
Obviously a Dip. in Financial Planning but also an Advanced Diploma and even a business degree of some sought to reinforce. I completed my Dip last year and moving into the Advance now – the Dip is just too little by itself and conducted too quick ly in all honesty.
Know its just one of many things to look for but the Dip. on a business card isn’t enough in my opinion.
