Forum Replies Created
- Originally posted by JasonBourne:
I would just add that 25% return on cash invested isn’t that impressive considering the risks others have mentioned.
You can achieve a much better return than that, e.g., 60%plus, with far less risk.
Nice Teaser Jason..
I’ll bite..where can you get 60% return with Less Risk
[biggrin]
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJust my opinion but i wouldn’t think the tenants could breach this lease for this fact alone..I would definetly have words with the PM as well though about any costs incurred or loss of revenue(speak to the Principal)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorLMI sometimes enables you to get a higher loan as well though in some cases doesn’t it?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’ve used a couple over the years and can only but recommend Scott and the Team at Depreciator..the process is fast and painless
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Chris.R_WA:We plan to duplex the back of the lot while we live in the front house for 12 months, then move and rent/sell (depending on the market). As well as having attractive CGT implications, you can sell off the vacant back lot and repay a large chunk of your loan (fast equity) or use that cash to fund IPs.
[evo]You still pay CGT on the back block dont you?
A great strategy though, one I’d love to employ, though I’d rent the front one, sell the back block and use the cash for another IP Deposit (or two).
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Duckster:If you own the home you cannot claim any repairs, insurance, council rates,interest on your loan as tax deductible expense.
Plus side- no capital gains tax is incurred on primary residence when you sell it some time in the future.
How about if you didn’t own it..but you controlled it,…you pay CGT if you sell, but if you dont sell and acquire additional IP’s under this banner, renting from a Company controlled by yourselves.
I’ve heard of many ways of doing this..with Negatives and Positives on both sides
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat to see you posting again Brenda..
Have you cut your hair..you look Different?
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by stuck-at-two:Damn, i figured this would be the case. I wish I knew of this website before i bought my properties. So it looks like there is now no way to minimise the $20k im paying in CGT. Wont make that mistake again!!
Cata, whom do you work for, do you have a website?
Redwing – HDT?? Acronym for?
(And I thought there was a lot of 3 letter acronyms in I.T..i think property takes the cake [specs]Sell on the 1st July [biggrin]
At least you now know about various structures that are avialable and can acquire new IP’s through the correct structure to suit your strategy..
From Memory even Steve uses a Family Trust..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAll this activity is definetly assisting CG on my Clarkson IP..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by mumofthree:One thought was to invest in Cheap, low end + geared rental property; repayments would be less and should the sh_t hit the fan, people will be looking for Cheaper rent and we should still be able to hold on..??
You have found these Properties in the City??
Great work if you have..
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIf you sell to the Trust you must pay stamp duty..
WHY sell to Trust and then sell again??
No need to make the child a beneficiary depending on the trust as it will automtically become one..also you will need the child signature for any loans through the trust once 18..
Are you talking HDT ?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFrom what I understand you have to think outside the square for this one..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by mumofthree:One thought was to invest in Cheap, low end + geared rental property; repayments would be less and should the sh_t hit the fan, people will be looking for Cheaper rent and we should still be able to hold on..??
Just wondering, if the sh*t hits the fan do you think people in the city will pack up and move to the country where there is cheap accomodation?
If everything does indeed move in cycles why not protect yourself via having a large LOC secured against your Properties, fix your rates for a period and ride out the Bust part of the cycle when it hits..
Had a look at cracker.com.au , strange real estate area
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Terryw:If you add someone to the title, it is the same as selling. Stamp duty will be payable on the percentage sold, and CGT would apply. Even if no money changes hands, the ATO would require you to pay CGT as if the property had been sold at market rates. Same with stamp duty.
They dont make it easy do they..[blink]
I would also be thinking a reverse Mortgage or looking to leverage the Property, maybe establish a Trust and look at some JV’s with family who would stand to inheret anyway..
It seems the goal is to try and access the value without losing the asset…
However, what if they sold the asset (move into a retirement village, or acquire another slightly cheaper property under the correct structure-leaving additional funds for thier personal investment/use for the next few years) then looked at thier options with the end goal in mind..if the land was to go to the kids would it have to be sold and split anyway..?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatordid you Figure it out yet..
)“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorjust my honest opinion..
I like it better this way ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThrow that same question up on Aussiestock Forums and see what the Traders there think of $30k per Month being achieveable as well..and any inherent risks with such strategies..
In saying that, there are many proponents of such strategies though, including Peter Spann..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThrowing this back up again as I found it whilst searching for something else and it was an interesting thead..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by bennido:Was out shopping today and passed by a bookstore so I double checked the title.
Its called The Truth About Positive Cashflow Investing and there’s a chapter on structures (e.g. trusts). Basically, her opinion is that they ail in their intended purposes.
Hmmm..
I’d speak to someone who uses them to thier best advantage then for an opposing view, there is also a great deal of information about using them to thier best advantage for;
Asset Protection
Retirement Planning
Succession Planning
Taxation“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSell the apartment..put profits into your PPoR(value should’ve increasedon both by the time PPoR is completed).use the equity to purchase another IP?
Buy the PPoR as an IP through the correct structure and rent it to yourself..again as above use the equity from the first property to purchase the next IP in the same structure?
How about then using Intertest Only Loans on both facilities reducing your loan payments..?
just throwing some thoughts around..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
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