Forum Replies Created
Wish you the best K3ymaker, I’m taking the journey myself..
Not to be an active REA at this stage but rather to learn the business and pick up some more information and knowledge along the journey..plus it keeps me interested
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI was speaking to a guy today who said Vietnam has ID Cards..what other countries do I wonder?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’ve heard of a few people working on Churches over the years..Not for me though…bad ju-ju[upsidedown]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI agree krs Good luck finding an accountant that fully understands the different Trust structures and benefits..
I went to a seminar where a prominent REA and Investor had his Accountant there.
This person buys IP’s in his own name, I asked the accountant why they didn’t use trusts, he said something similar to “because you cant distribute the losses only carry them forward and *** – Gears” I asked why not use HDT’s, he said “No one uses those anymore” [blink]
I explained the HDT and the Accountant became Interested..and I only have a basic understanding learnt from a couple of books and the forums..
I have a few IP’s now..but if I could do things over I would purchase through the correct structure at the start.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThen come over to WA Jaffasoft..lots of work in the industry over here ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’d be thinking that a Trust structure would be the preffered option as well rather than just a company?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI raed where you can become a Brickie in 6 weeks in WA ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWA in general is going Gangbusters with many Regional Areas outperforming Perth Suburbs
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’m with Shwing..get a cover note at least now to cover yourself as its ambigious at best as to who has what interest in the property..Trees have fallen on houses during the period prior to settlement..dont assume its not your problem
That said,
Landlords insurance is still worth it IMO
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAs an Aside..in WA for lower priced properties a first Home buyer can get an extra $2k on top of the $7k
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[blink]
IMHO
You’re much better off getting your depreciation schedule done and getting your money now..I’ll leave the finer points to depreciator as to why you should be doing it now..as opposed to not doing it
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat work Jaffasoft, If its as good as your other calculator I’m sure you’ll have people lined up to use it..IMHO You cant do much better than have Michael Review it as well
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhy such a Big Deposit?
The max I pay is $1,000 the Minimum I’ve done is $100?
As Long as Your Savings History is there you should be OK IMO..Plus, you’re both going for the loan..
Deposit doesnt go to the vendor but into the REA Trust account until Settlement by my understanding ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWould land title searches result in locating the owner if its a Trust?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI also say it depends on the Property; then I ask them what year it was built in..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Millionaire in Training..
Craig TURNBULLS just written a book incorporating your name into the title..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNo..but I’m interested as well, do you have any info on it?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorVisit Sommersoft for some Interesting Posts on Chan-Naylors P.I.T
However, I would recommend reading the book.
I have the Following Books on Trusts (from Memory)
1 -Dale GatherumGoss’s Trust Magic
2- Ed Burtons Bulletproof Asset Protection
3- Chan and Naylors “How to legally Reduce your Tax”
4- Nick Rentons book on TrustsAll with different bits of worthwhile information..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAgree Cata,
The whole thread by Nick M was interesting.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThink Westpac used Roy Weston or one of the PERTH REA groups when we re-structured..IMO most valutions can be at least 10% of the Mark (remembering Banks err on the side of caution)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
