Hi all,

There is some great info here which is really helpful, but I also have some questions that I am hoping you can assist with.

My situation: I now live in Norway with my wife and our 2yo son. I have an Australian salary until at least Dec 2014, but probably Dec 2015. My current gross salary is about $78K as I am on part time leave without pay (normally about $120K). I have about $80K in the bank, of which I am prepared to spend about $40K, keeping the either $40K as contingency. I have an investment property which I owe about $51K to NAB. I declined an offer on this place in March 2012 for $230K (kicking myself!).

I am looking to replace my Australian income with passive income from property. To do this I estimate I need approx 10-12 properties (minimum), based on a net positive cashflow of approx $10K per property. I am looking at acouple of high cashflow investments such as unit blocks and between 4-6 NRAS properties as the core of my portfolio. Once I have sufficient passive income, I would also seek to acquire acouple of properties in CBD of Sydney, Melbourne, Brisbane or Perth which may initially be negatively geared, but have a very good capital gains prospect.

I need a suitable finance structure to achieve this goal, and after reading 'From 0 to 130 Properties in 3.5 Years', I am hopeful a Trust structure may be suitable for me. My main issue is, before I go through the process of establishing a Trust, how can I be confident of getting suitable finance to acquire multiple properties (I estimate at least $4 million in finance is required for me to gain enough suitable properties)?

I would likely be sole director and beneficiary as my wife is Norwegian and doesn't have Australian residency or citizenship, or bank account (and we live in Norway). Is this an appropriate structure? Am I able to make small dispersals to my infant son if I establish an Australian bank account for him? (I have read comments about tax implications for distributing to minors).

I have spoken previously to my accountant who has advised I am, and can remain, an Australian resident for tax purposes.

Also, as I said, I have read 'From 0 to 130 Properties in 3.5 Years', which was a great help, and I have also read 'Value Investing in Property' by Gavin McPherson, and the way I understand it, Gavin is very critical of the Trust structure methods that Steve talks about as a method of quickly acquiring significant numbers of properties. Any thoughts?

Many thanks for your assistance and feedback

R.