Hi Crahy,

drop me a line at [email protected].

Ross.

Hi all,

It’s great to here all of your stories.

I wonder does anyone know if this thread is the longest?

Will it ever stop…..hope not…

RED…

Hi,

Sounds good….lets have a look.

100k prop. @ 80% LVR. 80k owed @ %6 IO = 4.8k pa.

Refinance other prop say 30K

Now…..100K prop. @ 50% LVR. 50K owed @ %6 IO = 3K pa.

So the diff is 1.8K pa or $34.61 More income per week

But we forgot about the 30K’s interest….
30K @ %6 = 1.8K subtract the extra income you are back where you started?

Yes, No?

There may be some extra tax concessions but this is a side issue.

What do you think?

Ross.

Hi,

We have borrowed money in our Discretionary Trust, no prob.’s, you have to go guarantor and supply a copy of the deed as previously stated.

My question would be this?

If Hybrid Trusts are the way to go, could you change the deed of an existing Discretionary Trust i.e. add the new sections to make it a Hybrid Discretionary Trust??

Ross.

Hi Trying,

One thing to keep in mind is that if you have property (or land) in the trust you will have to pay land tax on the total value of your holdings. There is no threshold as for individuals.

Are you sure about this, I was under the understanding that a trust was treated the same as an individual??

HI All,

We are Going to build in the coming months (first time building an IP), this is the best way I know to get property at wholesale price.

We may hold on to the home, as it will be positive….

But would like to try and sell it as a house and land package before building.

Has any one out their done this? Seems that you need to have a builders licence to get the banks to pay the progress payments to you or your entity (Being payed first would give us ultimate control over the project).

Other wise the banks will only pay direct to the primary builder.

Stumped….. Will need to be creative? Any ideas

Ross….

When the student is ready the teacher will appear.

Sorry about the delay, we were busy yesterday having our second child.

In our experience of Logan we have had close to 0% vacancy rate.

All properties have been purchased with existing tenants bar one, which was rented before we finished renovating it.

I posed this question to our friends, who on the whole have had the same experiences.

If you have the right team you will get good results.

But remember that passed performance doesn’t dictate future performance.

Just ring a few of the estate agents in the area and see what they have to say. Or try any one of the Internet sights that have that info…eg. http://www.homepriceguide.com.au

Oh, we had a healthy bouncing boy…[]

Ross.

Hi Tails277,
Your uncle is a wise man, who had the ability to stick to his gunns.

I wonder who put him on the path out of the rat race?

Ross.

“The greatest power that a persn possesses is the power to choose”

“does it really matter which one you focus on?”

It properly depends on your situation.

If you go for capital appreciation you usually need some level of gearing (before tax). New properties or renovations. Tax advantages.

If you go for positive income (before tax) there is no gearing. Older properties, small if any tax advantages.

A mix of both may be best.

As your capital appreciation strategy progresses you will eventually end up with some of the properties becoming positive (before tax), finally getting back some of that money you out laid to keep the thing going. In the end, best of both worlds?

As your positive strategy progresses you will end up with even more income than you started with. Those holidays get better every year.

So does it really matter which one you focus on? It properly comes down to how long you are prepared to wait before getting a positive income, after claming back your losses.

That’s my 2c worth…

Regards

Ross.

If you do what you can do, you’ll make a living.
If you do the best you can, you’ll make a fortune.