Forum Replies Created
I’m jumping on Dazzlings bandwagon and will soon be away from the site for a while due to work commitments with the new job..
I May drop in from time to time as a “lurker” [fear]
Thanks to everyone for thier assistance, I’m sure I’ll still be in e-mail contact with several of the Forum members I’ve met[thumbsupanim]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorBit of a catch 22 if you hold WA IP’s and still want to invest..still great deals to be done just more DD needed IMHO..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhappened to me about 6 months ago..
Got “LOST” between Banks..after letting them try and sort things out for a while we decided to start waving the big stick- it finally got found on someones desk..you need to go up the Management Ladder IMHO
It happens occasionally I’m told..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWould’ve been a great time to advertise with the Johnie Walker classic up there..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’ve always got a book or two on the go DrX and frequently re-read some of them..
Things are starting to get busy though and I cant see much reading or surfing on sites happening over the next few weeks..
I always do a course or two each year (Last courses were the Cert 4 in Assessing Workplace Training and the new Safety Awareness Training Course for entry to Building Sites)
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhilst researching QLD Sites and Groups I came across this information from Dept of Fair Trading which is a reminder that there are some Unscrupulous people out there..
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhilst researching QLD Sites and Groups I came across this information from Dept of Fair Trading which is a reminder that there are some Unscrupulous people out there..
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhave you checked out Trust Magic by Dale and Ed Burtons book as well; both worth reading
“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 grant7:My accountant has said that any lender that requires gaurantees from trust beneficiaries is wrong as legally no benficiary can be held liable for the trust debt.
just wondering..Who does your accountant say is responsible then for the Trusts debt as the trusts itself is not a legal entity and a company trustee could be a $3 Pty Ltd?
The Banks are all about protecting themselves in a worst case scenario and I can see why they would want someone to gaurantee the loan in a trusts situation
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSteve’s Strategy IMO is “Constantly Evolving”..have a look at whats happening now…
As usual DrX has some good ideas as well
“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 Cata:Some deeds (the ones I use) allow the addition/ removal of benificaries via a minute entry. Cheap, easy and painless.
Sounds like the Best Option Cata
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorYour windows are the weakest barrier to noise coming into your home.
Adding Double Glazing to your existing window will reduce the noise pollution entering your home.
By increasing the air gap between the panel and your existing window you can reduce outside noise by up to 70%.
The air-tight seal should stop noise from seeping through your windows and into your home,Combine this with a 100 mm air gap to help stop the vibration caused with noise!
This will also add to the insulation of the house as well,In a typical insulated house 40% of the energy loss is through your windows.
I believe some comapnies use acrylic panels instead of glass for thier windows. Acrylic stops the transfer of heat six (6) times better than glass. This means that you stay warmer in winter and cooler in summer and spend less money throughout the year on your energy bills.
Have you tried Balcatta Glass or Similar?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorInteresting Zerotax..
Peter SPANN also advocates using Covered Calls and Investing in Shares (Such as LPT’s amongst others) to assist with paying down IP Debt.
Covered Calls as a strategy dont seem to rate very highly amongst traders though for varied reasons- see below
Just a query on point b Zerotax-
why is depreciation only 11 years?I haven’t got into Covered Calls due to some of the reasons mentioned above, but I’m sure if shown how to do it properly there is some merit there..I’m also interested in the Protected Buy /Write Strategy and would welcome any more info you have on your current strategy
PS- The form is no longer a 221D
Thanks
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorInteresting Zerotax..
Peter SPANN also advocates using Covered Calls and Investing in Shares (Such as LPT’s amongst others) to assist with paying down IP Debt.
Covered Calls as a strategy dont seem to rate very highly amongst traders though for varied reasons- see below
Just a query on point b Zerotax-
why is depreciation only 11 years?I haven’t got into Covered Calls due to some of the reasons mentioned above, but I’m sure if shown how to do it properly there is some merit there..I’m also interested in the Protected Buy /Write Strategy and would welcome any more info you have on your current strategy
PS- The form is no longer a 221D
Thanks
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI was under the understanding that beneficiaries didnt have to be specifically named on the trusts unlesss they are established as Principal Beneficiaries..and that yes as Principal Beneficiaries the kids may have to sign on the dotted line once over 18..
I would defer to Cata’s knowledge on this though..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorGreat Post HB and an insight into your experiences- thanks
I agree with you about diversification and having investment funds in both Property and Shares, both have Pro’s and Cons but work well together; Peter SPANN has some interesting thoughts on synergy between the two.
My personal preference is Property due to its leverage abilities
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorYou may want toget a valuation on the PPoR as well..helps when it comes to apportioning CGT if you ever sell
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAny further feedback from those who attended?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThanks Terry
PS-
Is there a simple calculation I can plug into excel to work out DSR?
I realise each bank is different, but there must be some ‘base’ calculation that I can use?
I think I’ve been told no more times than I care to count by banks and brokers, yet with perseverance I’ve been able to move forward each time
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIn My leveraging example you get 200% ROI on $100k
You buy an asset for $100,000 using $5,000 of your own money and $95,000 of someone else’s (a Bank) and it increases in value by 10% in the first year, yielding a paper profit of $10,000.
Your Return ($10,000) on Investment ($5,000) is now 200% or 20 times more..REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
