Forum Replies Created
LifeX..
Sounds like fun..
How did you go into the partnership (i.e via a Unit Trust?)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorSalacious..you’re not referring to that *sicko* on the radio the other day are you..?
What a head-case he was..(just when you think you’ve heard it all)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPS- Forgot to add “Check out some of NickM’s information at Strategic Wealth Managment as well”
I believe Cata and Coasty Mike from the forum can also help point you in the right direction regarding Asset Protection.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator[winking]C’mon PK I’m not ‘that’ good on the keybored….
Interesting Data huh..
PS- Saturday paper had a great liftout of Display homes, designs and where to find themREDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI believe GP is right re; the- Gearing benefits rather than distributing losses per se..
From what I know..
HDT’s are a combination of a Discretionary Trust and a Unit Trust that allow the individual to – Gear. The benefits here are Asset Protection, Estate planning, – gearing strategy and flexible distributions of income and CG. The HDT can later convert to a normal DT.
I recommend getting a copy of Chris BATTENS
‘Investment Structures 2002’ Report and reading Dale Gatherum-Goss’s books and I can also recommend Ed BURTONS book for a read as well for the pros and cons of different Trust structures
Harrie– I not sure if you can do it through a family trust structure? Cata or Coasty Mike should be able to elaborate..REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNo problems jgr..
If anyone wants to have a look there is a slideshow of how it all works at the site..
Hey Jgr..How about a discount for forum members similar to the discount offered to the investors club members?
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 investigated the FHOG and benefits there?
Possibly speak to someone about it and you’ll at least know where you stand..TMA has some great links at his site..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorrhysadams..
I’m a newbie to this field and it’s a complex one, there are certainely people more qualified than me and i’d suggest talking to them if you are interested..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI enjoyed Dolfs book and have been seraching in Vain for his year in mentoring book…powwow events keep telling me its being reprinted (that was supposedly last year in Oct)..
Anyone have a copy ??????
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDont forget though that Ausprop deals with this on a regular basis..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHope everything goes well for you Crashy [thumbsupanim]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPeters an Aussie ??
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 Dannyboy:Why not just PM some of the experienced investors on this forum? It’s worth a try.
Also, Take full advantage of this forum! It’s been a great mentor to me so far.Daniel
DITTO…
You will make some great people here and assist in building your TEAM (much better IMHO)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHowever, if you as the buyer have a subject to finance at the purchasers discretion clause (as i have amongstother clauses) then if you are refused finance then you do not “loose” your deposit..?
$1 or $10,000 doesn’t matter if you have an ‘out’..thats why an offer ‘not subject to finance’ and 7-14 day settlement (reduce your offer price by a good portion though) carries a ‘lot’ of weight IMHO.
What do you think..?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCONGRATULATIONS DAZZA !!![king]
[lmao]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorCelivia..You dont get the deposit anyway, it sits in the REA Trust account.
Some REA’s are happy to take $100 if they know you are an Investor..I’ve had some suggest it even..
I’ve never gone below $100 though..I have a friend who regularly does though..however, on the upside he lowballs and offers very quick settlements..
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]Good thoughts GR..[medieval]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorStart lanbanking by buying the house next to one of your IP’s if it becomes available..then look at what you can do with both blocks of land in the future..
Thats how I look at Land Banking…Peters done it on a larger scale..
“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 rhysadams:I think it is fine but there are a few considerations:
-The rent you pay must be at market value or you won’t be able to claim 100% deductions.
You need to run your trust as a business..the ‘main’ benefits are asset protection and estate planning IMHO-Losses are not able to be distributed from a trust, ie. if you negatively gear the property the losses will be tied up in the trust until runs at a profit.
Unless its a Hybrid Discretionary Trust-I think you are still eligible for the 50% CGT discount on the sale if you hold the property for more than 12 months in a Trust but not in a company.
I believe so to, Cata and Coasty Mike mayu be able to help out here as its certainely not my field..These are a couple of points to run by your accountant.
Or one conversant with Trust structures in depth..Rhys
“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 Smithy29:I to am doing a mentoring program with Craig and to this day it is one of my best decisions and some of the best money I have ever spent.
Thats great Smithy..Fantastic as Craig would say [biggrin] Pegasus asked for Good and Bad experiences and we welcome your PostSo many would be and so called investors focus totally in on the dollars and cents of the deal and nothing else. The truely great investors, who are finnacially free for the rest of their lives know that there is so much more to it than that and that’s why they always seem to get the great deals.
?
I t disappoints me some what to read some of the comments as some of them are far from constructive but more to do with a “tall poppy syndrome” kind of attitude.There are comments made saying that Craig does not have a defined view on property. Maybe that’s because there are so many ways of making good profit in realestate why would you limit yourself to one or two? Having said that Craig’s focus is on renovations and developments but that’s what suites Craig. This dosen’t mean that doing reno’s and developing are the only ways to invest in realestate. Pick what suites you, learn it like the back of your hand and go for it
I agree and I also think Craig will only get bigger and better, I see a lot of his ideas as being the same as Peter SPANNS..even the talk of Covered Calls etc etcNow I know that not everyone who goes to Craigs seminairs are going leave totally happy as you can’t please everyone. My experiences with Craig have been nothing but positive , positive ,positive. He knows the property market extemely well and I have learnt so much, not only about facts and figures but about myself and what I can achieve.
CONGRATULATIONS Smithy you can’t ask for more than that.. and by being on the forum I’m sure you can contribute in a positive way to othersIts great to see all the differing opinions and thoughts from forum members..dont take a bad remark or someones bad experience personally though..
REDWING
Smithy29
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
