I remember

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

Thanks Marc

heres a link for Oz as well

CANNEX OZ DATA

“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 strongly suggest you get Dales book’s Trust magic and Tax Battles they are essential reading if you are looking at this structure..

Ed Burtons book is also a good read, so is Rentons..I’m waiting for Ed Chans..It’s a complicated beast that many accountants don’t even fully understand, so its worth becoming a bit more informed..

Plus..not…[Read more]

Are you talking about someone else as in your wife or by other means such as a friend (who doesn’t really live there)or renting a room (but in essence the house, as you will be renting the room on paper).

Would this not make it a lot harder by then having to apportion rent, electricity etc ?

Would it not be better to do it up front as Avranjes…[Read more]

No..

But sounds interesting..

I have a wealth of data as well, One day i’ll put it into a more user friendly system (maybe even a quick reference guide)

let me know how you go..

REDWING

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

Thanks Life X,

After this one it will be interesting to get everything revalued at the 3 month period to see where we stand.
Regards

REDWING

“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:
Watchout for the taxman. Have you considered putting some distance between yourselves and the trust by having someone else rent the property from the trust (and you live in it)?Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

That sounds even more fraudulant Terry?

Geez you may as well go the…[Read more]

Originally posted by munjy:
Can’t wait until I turn blue.

Munjy

PS I only really replied to this thread so that I’d get one more notch. One more closer to that coveted veteran ranking!

Hold your breath and count to a hundred Munjy..you’ll get there sooner than you think[puke][puke]

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

Suzette..

Just wondering, did they locked themselves out of the house..or their Individual Rooms, if it’s Individual Rooms you may want to put punch code locks on the doors,if your doing this long term you can change punch codes each tenancy rather than change locks, also ensure the doors are not self-locking (they have to use the key to secure…[Read more]

Anyone know much more about Celebration Homes??

Ausprop?

Reason I ask is the new IP is a celebration home..

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 agree with a lot of what you’ve said Coasty..a local APS I spoke to, when asked, informed me she is neither an accountant nor a solicitor..

Would you then say she is a sales rep?

I’m glad to read this post of yours, as I hold you in pretty high regard when it comes to these issues and can only say its good to see that you realise what is…[Read more]

I think you have to be careful as well being a buyer with early access and carrying out major reno’s..the vendor could love the work done and call the deal off.. it’s ambigious as to the law in these cases IMO..

Does anyone know more on the legalities of such a deal if either party renegs?

;o)

REDWING

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

The area we bought in is a stones throw to two different lake areas and the ‘Dress Circle Area’.

With our negotiations I believe we got a bargain and I will revalue it in 3 months from O&A date.

REDWING

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

Who are the better Non-Bank Lenders ?

By the way my Certificate of Title has been found (My broker contacted the BDM at Bank B and expressed concerns and funnily enough it was found on someones desk..)

Everything is now progressing well towards settlement and didn’t have to get the Big Guns out..

REDWING

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

I think the official line is only..”it must be earning an Income” before repairs can be deducted, there is no time stipulation regarding how long before it earned an income..

I’d follow some of the great advice above and play it safe though.. why tempt fate (or the ATO)..

REDWING

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

Hi Richo

look at the various Real Estate Insitutes for each State, you should find lots of info there
http://www.reiwa.com.au for Perth

Google.com.au is ‘great’ as well…

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

Also what structure you buy the property under..

There’s a lot to think about..

REDWING

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

What suburbs..?

REDWING

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

[biggrin][biggrin]Sounds like a great weekend retreat LifeX..I’m jealous..

Sounds like you’ve got a big fence to depreciate, have you thought about what else to do with the block (i.e Agistment etc etc)?

REDWING

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

thanks LB..

I’m pretty happy with the deals i got with Bank B as we restructured the loans..paidout an IP and then made our next move (this next move is not with one of the big 4 or a major bank)

REDWING

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