Margarets Team are Tier 2 “Financial Planners” from memory (Property)

I’ve only heard good things about the team at Willeton and Joondalup..

I visted the Team at Joondalup and they couldn’t help me re: my Loan structure as it was what they would advise if asked..

They seem to have distanced themselves from sourcing property for clients..

The…[Read more]

Originally posted by coastymike:
(the accountant was trying show to my client that I didn’t know what I was talking about and move over to them).

[biggrin]

Hey Coastymike..I’ll back you if someone wants to say you dont know what you’re talking about..I’m of the opposite opinion..[wink2]

Redwing

“Money is a currency, like electricity and it…[Read more]

I thought Anita just has a normal DT ??

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Like the Aussie Lady in the US recently who got done for assault in the movies telling a woman to “SHHHHHHHHH” because she was on her mobile phone..

There’s probably a few more scary stories like this in ..even in Australia recently if you looked..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The…[Read more]

Originally posted by Investor1313:
Wow 15 p.a growth!?! Must be located in Western Australia!

Note that units have lower land components, and as a rule increase at much slower rates than conventional properties.

Good stuff anyway…you have to be in it, to win it!

Regards
Investor1313

I Dont think it’s in WA Steve [trigger]

Great work…[Read more]

IMHO You neeed to go in with your best price or walk away price..run through all the conditions and costings as posted by the guys above and give it your best shot..

You should be able to settle in 14 days (we use settlement agents here in WA- and you need a switched on one)

Low balling when she has had her hopes built up by the agents is…[Read more]

Coastymike..can you not also construct it so that the Trust also ‘owes’ money to other creditors (whoever they may be) and that the structure is set up in such a way that the action is futile..i.e some kind of creative debt construction within the strategy?

Not that anyone intends getting sued..and there are ‘many’ other benefits to using…[Read more]

Thanks Stuart..

Amazes me how some people move forward [biggrin]

And there is obviously a lesson there..

That i can hopefully apply..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

NickM at Strategic Wealth Management also has some good info re Trusts as does Chris Batten..

The more you read (and Post), the better informed you will be about what suits your personal situation..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I’m just surprised people use rent to buy rather than the various loans structures out there..such as lo-doc, no-doc etc if they are having problems with regular finance?

I’ve even hear of people using finance from Churchs and Solicitors though andthink you need to explore all options and take the best course of action foryour personal…[Read more]

Young Investor have you considered you byline to read APPLIED Knowledge is POWER?

knowledge by itself is not much good..take a look at many Uni Academics who Teach Finance (insert other examples here…….)

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow…[Read more]

and REA’s are just not as good as REAL’s..

;o)

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I should’ve added “Get a Mortgage Broker thats familiar with Trusts as well”..this acts as a double checking mechanism

IMO Many accountants and M / Brokers aren’t up to speed on the various Trusts and thier applications

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online…[Read more]

If you know what you’re doing Terry (and you sound VERY Much like you do) it may be OK..but for a novice i’d suggest some caution when getting an on-line trust (I’ve heard of people not getting what they wish when it comes to trusts..) IMHO I wouldn’t use one(but thats just me)

all great until the end of the FY.

Scary Trust stories welcomed…[Read more]

as CATA Said ;o)

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Don’t be surprised if your accountant doesn’t know..I talked to an accountant in WA that represents a well known investor/developer here and the response re HDT’s notbeing used was “Oh, no one uses them anymore”

Further talk revealed he didn’t know about them and he became interested as we discussed them..

“Money is a currency, like electricity…[Read more]

Originally posted by carlin:
Hi there,

We have three properties – PPOR (with about $300,000 equity), an investment unit and an investment house.

Both investment properties have interest only loans. The unit’s in my name (cos I plan to go part-time, and we’ll probably sell it so want to avoid too much CGT) and the house is in hubby’s name (higher…[Read more]

http://www.excelaustralia.com.au isn’t bad either..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Originally posted by Terryw:
Sorry Redwing, I think I misread your post. You want to pay the interest in advance on a loan by drawing the money for this from a LOC.
I was thinking LOC would be best..I have heard of people borrowing the costs of the IP “plus” the first years Interest and pre-paying it..if you cannot claim interest on interest what…[Read more]

Originally posted by GeoffBeck:
Mine are:
The API (Australian Property Investor) magazine is a great source of facts and figures, plus it doesn’t cost that much. There are a couple of web site I also use, however most charge an arm and a leg to get the stats. One other techniques is keeping abreast with media releases which also builds up the…[Read more]