Forum Replies Created
- Originally posted by Dr.X:
and a better way of asking the same question is
HOW DO I MAXIMISE MY PROFITS ON THIS DEVELOPMENT
that way the ATO dosent start jumping up and down
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582[biggrin][biggrin][biggrin][biggrin][biggrin][biggrin]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[blink]Wow..60..at $2,500-$3,000 a *pop* for a Trust?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorAs always an Interesting Post Dazzling;
Considering its the land that is the real value..the building is in a continual state of slow decay (that’s why depreciation happens)and you buy with a high land content I’d have to say your right on the $ with your thoroughness.. I should’ve been more specific and said a residential property.
I still check out the house though, I’ve heard it takes a real gifted individual to stuff up a piece of land..
The thing with land I was always told, was that they’re not making it any more (then I saw the Hong Kong Airport, Land in Dubai etc)..Anyway, the value is in the land, but the house is more comfortable.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThanks Cata
As always your posts are informative.
I think when looking at your Investments Structure, thought should be given to the future and the benefits therein. After all, isn’t that what Investing is all about; looking towards future gains (whether they be increased cash flow, capital gains etc)? I’m learning as I get older that you also need to look at Asset Protection, Wealth Creation, Gearing strategies, Retirement Planning, Tax Planning and Family Succession Issues as well.
Structures can include Individuals, Partnerships, Companies, Trusts (various) etc
Individuals, partnerships and Companies are all legal entities a Trust I believe is not; all liability falls on the trustee, however, I’ve seen contrary information that says a Trust ‘is’ a legal entity?
Unlike Companies, Trusts cannot retain income but must distribute it each year, Trusts also like companies cannot pass on losses (I’ve now learnt).
A Trust consists of the Trust, Trustee, Director/Appointer, and Beneficiaries whereas a company consists of the Company, Directors, Shares and Shareholders.
I believe from what I’ve read the best vehicle for acquiring assets in is a combination of a Company and a Trust..
Please correct me anywhere I’m wrong, as I’m still learning and would welcome the input.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorFinal Inspection Checklist
Just thinking about a final inspection checklist that we have coming up and I’ve jotted down some notes today, can you think of anything else to add?
Tips
-CheckWater Pressure and seals in taps
Toilets all working properly
Reticulation
Electric/gas ovens and hotplates all work
TV antenna still on roof
Remotes for garage door
Keys for doors, window locks etc
PowerPoint’s (use a babies night light for this one)Any other Tips?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCata would be the best person to answer, however, I thought the benefit of the HDT would be that you can distribute the income to the beneficiaries as you see fit. So your wife’s name as guarantor or on the loan shouldn’t be a problem??
[medieval]
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 Cata:This is one way to do it in a Hybrid Trust, Redwing.
But remember that if you own units in a Hybrid trust that is an asset that you could be clawed back.
Hi Cata, can you clarify this?
What do you mean by clawed back/If it’s what i think; then how about a HDT with a company as Trustee, yourself as appointer?
As you know, I prefer a discretionary trust for myself ( also, a hybrid trust that has not issued any units is treated like a discretionary trust until it does issue units)
How does the Trust actually physically issue the units ?REDWING
CATA
Asset Protection Specialist
[email protected]“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIsn’t the intent to buy units in the trust with the money, then the trust purchases the property??
You loan from the bank, buy units in the trust, trust buys property, trust pays you back..?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI dont see the purpose in the trust itself borrowing the money rather than you borrowing it?
You then purchase units in the trust and the trust distributes income to you to repay the loan..
i’m sure you can do it as you suggest, but why?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPetrol to hit $1.60 ???
MOTORISTS are warned to brace themselves as petrol prices reach at least $1.30 a litre this week.
And economists said yesterday prices could reach $1.60 by the end of the year.
AMP Capital chief economist Dr Shane Oliver said he believed $US100 a barrel was now a probability and could be reached within a year.
That would translate to $1.60 a litre here — as every $1 rise on the barrel price translates to 1c at the bowser.Wholesale petrol prices have increased by 10c a litre from the beginning of August.
The impact is now being felt on the economy with retail sales figures released yesterday below expectations.The average family is now spending $20 a month more on fuel. “Six months ago I would have said we’d get US$100 within five years,” Dr Oliver said. “But now we are touching US$70, it could be in the next year. The models used to predict prices are not working at the moment.”
NSW Service Stations Association chief Rod Bowde, said simple “supply and demand” for crude oil was driving the price increases at the pump.
He said demand was the underlying reason for price increases. “There has been a long-term sustained increase in energy prices. The world is using more than it can produce and it’s been like that for years,” Mr Bowden said.“Crude oil prices go up and down for no other reason than that people are trading in the market and if trade prices go up, the people who use these commodities have to pay more.
“There is nothing Australia can do to reduce the price of petrol,” he said.According to fuel watchdog MotorMouth, unleaded petrol prices yesterday ranged from $1.15 to $1.32, with the average price at $1.19 in Sydney.
FUELtrac chief Chris Kable said the pricing cycle could show a jump of up to 12c per litre from Thursday. “Sydney motorists could see petrol prices as high as $1.34,” he said. At $1.30 a litre, it would cost $78 to fill a 60 litre tank.
The Australian Bureau of Statistics (ABS) said yesterday retail sales were unchanged at seasonally adjusted $17.134 billion in July from a downwardly revised $17.136 billion in June.
The retail trade numbers were weaker-than-expected as rising petrol prices – which rose 5 per cent over July – and falling house prices halted spending, analysts said. This is expected to cap economic growth and interest rates.
The central bank last raised interest rates in March to 5.50 per cent but rates have not moved since then. Lenders add a margin for profit to the cash rate to set standard variable interest rates, which sit at around 7.3 per cent.
ABN AMRO economists said falling house prices especially in NSW had caused consumers to close their wallets.“The weakness in sales is not that surprising given that petrol sales rose sharply in the month (up 5 per cent), while house prices are flat to down in most regions,” said ABN AMRO economists Kieran Davies and Felicity Emmett.
“The impact of the weak housing market is most apparent in New South Wales, where (retail) sales were down by 1 per cent in the month and up only 1 per cent over the past year,” they saidREDWING[blink]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorMight have to start playing the commodities markets..
Lucky work pays for my fuel or i’d be on a bike..
“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 Jimoan:Many times I see advertisements in local news paper ” real Estate carer” Personally I’d like to see “more†Real Estate carers..the one’s I’ve dealt with lately don’t seem to care at all?No experience needed.. 52000 salary (always 52K?)Maybe it’s the going or base rate?
Ionce even went for an interview in Melbourne under this advert… did sounded more like Telemarketing job..what happened at your interview then..i’m interested?Are these adverts scams?
Were you scammed at the interview?Is this something to do with this Jenman guy?
dunno..what happened at the interview, it may give an insight
what exactly is so called ethical system…
A system based on morals (I always thought morals were your back teeth?) or principles..a “fair” system..That’s my interpretation
Can somebody please explain?REDWING
Jm“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDD-
The Financial Planners I met at the Destiny Group in Perth were “Tier 2 Financial Planners”Which they said was “Property” ???
Are you able to shed any light?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI presume both names are on the Title and mortgages???
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHey Christian
I’m sure you can still put a link as your signature..If anyone curious, they can investigate??
As for people being negative..just the opposite, I find people are “interested†in learning how to invest and get ahead?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI saw them as well in WA, the price was around $2,700 from memory and they couldn’t help me with my loans as I already had the structure in place that they were advocating..
IMHO..you can do better yourself by researching the market etc, however, if you want someone to show you the rpoes..why not at least have a look..?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhen then does a hobby become a business?
I Remember somebody in a movie saying that they had a hobby..they collected businesses…
I did like Robert Kiyosaki’s idea of “Mind your own Businessâ€, I work for an Income; I also enjoy my work; However, I see Real Estate as being “my business†(and getting bigger) I’ve certainly made more over the last few years in Real Estate than I ever would have saving 10% or more of my wage..
As for my strategy; it’s “ever evolving†as I learn more and more from other Investors with experience and knowledge differing from my own. I prefer long term investments and look forward to one day learning a bit more about developing and commercial/industrial properties.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI think it has to be bought in a ‘personal name’ for the FHOG..ne of the Mortgage Brokers on the Forum will know for sure…
Who is eligible to receive the Grant?
A first home buyer who fulfils the criteria below:
At least one of the applicants must be an Australian citizen or have permanent residency in Australia. New Zealand citizens permanently residing in Australia, who hold Special Category Visas, may also apply.
None of the applicants or their spouse/de facto can have previously owned a residential property anywhere in Australia prior to 1 July 2000.
For eligible transactions entered into between 1 July 2000 and 31 December 2004, an applicant or their spouse/de facto cannot have purchased a property and occupied that property.
For eligible transactions entered into on or after 1 January 2005, an applicant or their spouse/de facto cannot have purchased a property and occupied that property for 6 months or more.
For eligible transactions entered into between 1 July 2000 and 31 December 2004, applicants must occupy the home purchased or built as their principal place of residence within 12 months of the date of purchase or completion of construction.
For eligible transactions entered into on or after 1 January 2005, applicants must occupy the home purchased or built, as their principal place of residence for a continuous period of at least 6 months commencing within 12 months after completion of the eligible transaction.
Except in cases of legal disability applicants must be natural persons (that is, not a company).
Everyone who on completion of the transaction will be an owner of the home is considered an applicant.
Applicant(s) must be at least the age of 18 years at the time of making application for the grant.“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhttp://www.johnrburley.com/free_downloads.html
More..for those that dont have it..
maybe we should have a *sticky* for free stuff..vetted by the Moderators of course to keep out any junk??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorhmm…they say sarcasm is the lowest form of wit..
The letter certainly invoked a response…[evil5][grrr]
However his site says;
Promoting ethics in Real Estate
Ethics -eth.ics (noun)
1. study of morality’s effect on conduct
– the study of moral standards and how they affect conduct2. code of morality
– a system of moral principles governing the appropriate Conduct for an individual or groupI personally didn’t think much of his response to the good Dr………..
I have one of Jenmans books and enjoyed it (Real Estate Mistakes), I also thought his ideas of paying his employees a wage whilst they learn is better than most REA’s I encountered..
The only REA I came across in WA that says they were associated with him, doesn’t seem to be on his WA List, so cant really say I’ve met someone who has been through his system?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
