reading the above posts reminds me of a saying “everyones your brother until the rent becomes due”..

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 think Michael has been “sworn to secrecy” see other posts on the forum..

;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

Have a great lo doc with Rams for a HDT, sadly..they no longer offer it..

REDWING

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

FESA have some great publications out at the moment..

My IP’s not in danger, unless tenant burns the place down…which brings me to an earlier post of mine regarding most of us being “under Insured”..time to check your policies

I think AIMI (is that right?) has a good calculator

REDWING

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

I can only say that I think highly of Michael

He’s a smart cookie and I like his new car..even if it was only for the day

REDWING

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

Your an interesting guy coastymike..

Dont forget, your Russian friend is cheaper than divorce.

hey Terry..where are you?

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’d disagree with Michael (and I respect him immensely) about it being the best book, as it gives an overveiw but no specifics…

however, thats just me..

I liked the book and would say its worth buying..but so are both of Dale’s books and Ed Burtons.

Michael

Any chance of getting Ed to comment?

REDWING

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

What areas Marisa?

I find that most PM’s soon leave the job or company so a good one never lasts too long.

Thats where the “Manage Intensly” part of BAM comes in, it’s your IP and ultimately your responsobility..keep on top of em and keep em honest..

as an aside..has anyone in WA used Joyce???

REDWING

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

It’s a problem when you get’emotional’ over a property..though most of us do it!

At the end of the day the property is worth “exactly’ what you are prepared to pay for it..if you cant afford it..fine, walk away; I’d love Kerry Packers house, but I cant afford it…I’m happy to accept that fact.

REDWING

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

maybe try.com.au ?
for gyspsy

Sorry DrX no IP’s in SA (one day maybe as I often think about it)

REDWING

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

Was it a discretionary trust that you wanted set up, by your post it doesn’t look like it, the question I have would be who set it up (wrongly) for you and put you in this pickle…your regular accountant?

REDWING

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

I dont like the fact that you never own the land..

However, if you’re comfortable with that aspect its possibly worth looking at; are you looking in a high tourist area or somewhere in a city where it is just cheap accomodation?

REDWING

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

Originally posted by Prakman:
Hi Ganakars,

Yes welcome to the frustrating world of WA property investors. With the crazy of boom of late, it is now almost impossible to find properties returning 5% in the metro area.

If you are looking for 8%+ returns maybe you should perhaps look at Kalgoorlie or Karratha, you can find properties there easily…[Read more]

Originally posted by Ron Burgundy:
i saw my acountant last week about helping me set up a trust to start buying proprty in. He tried to talk me out of it. basiclly saying that all the insurances we pay would cover accidents etc etc
He must’ve been thinking asset protection only…there are other benefits
I always hear the more experienced…[Read more]

I think they are 50c at REIWA in WA..though they dont like giving them out.

However, once you have one..HP is your friend ;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

Family Court has a lot of Power Cabo and I believe can roll back many protection mechanisms..

The best way out is stay single if you worried about this ;O)

otherwise, IMHO look at the other benefits different structures can offer rather than their limitations.

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

You know what they say “if it were easy..everyone would be doing it”

I believe Steve’s strategy has evolved somewhat ganakars..finding +CF IP’s is definetly harder but not impossible (speak to Westan, Auzzielad, Dazzling, QLD’s 007 etc)

Finding residential +CF IP’s in Perth nigh impossible now, even a bit further afield, though I’m sure if you…[Read more]

Originally posted by kp:
How about:
Asset Protection
Wealth creation
&
Maximum Flexibility

The last one is with reference to maximising tax benefits ( neg gearing properties in a trust structure)as well as minimising the flow on effects of capital gain ( upon selling), as well as being able to change your properties from ‘trading stock’ to ‘buy &…[Read more]

dnt worrie ti appens to all of uz..just confused me with the initial posting thats all.

so no course then?

Thanks Michael

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

I look at it from a Wealth Creation Point of veiw ;o)

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