Sorry if I missed the point here, but what is the point of paying your PPOR out early if you can't then leverage against it as it is stuck in your SMSF?

Sorry two options, not too.  Fat fingers

I have done a little bit of research in Cairns, personally it sounds like you are thinking about this purchase a little too emotionally istead of running the numbers and going for the best deal.  Cairns is a beautiful place, but if you are looking for an investment I think you will definitely find a better deal elsewhere.If you are set on Cairns…[Read more]

I will have to agree with Terry here, it seems as though it is not only the banks who are not overly happy with the Hybrid Trust structure at present, after a discussion with my accountant last week she advised me that the ATO were becoming increasingly aware of their use.Discretionary Trust is my recommendation also.cheersShane

I haven't personally delat with C&N, but after a recent thread on this website about their Property Investor Trust and them falsely using another experts quote as a reference I would be stearing clear.  Integrity in business is paramount for me.  Just a thought!Shane 

I just set up a discretionary trust for investment purposes through a conversation with my Accountant and Solicitor, cost me $385.cheersShane

I live in Mackay and have previously lived and worked in Moranbah. As far as investing in mining towns goes the cash flow is fantastic as you would have figured out by now having done the figures. A problem I read about in the Australian Property Investor magazine was that an investor had purchased a property in a mining town and yes the…[Read more]

I know what you mean by the shock value of the cover of Steve’s Book, he did manage to do it once upon a time, but yes you are right the cover does not apply to the current economic climate. Nevertheless, its a good read.

As with anything you are passionate about, try and surround yourself with technical experts. I just started ringing around…[Read more]

PPOR – Principal Place of Residence.Got to love acronyms

Erika,

are you looking at investing in residential or commercial in Cairns?

Shane

A trust by itself with you as trustee will cost you about $500, I have just set one of these up to try and employ the same principle which Steve M advised in his book. If you wish to use the Company/Trust structure, you will be looking at around the $1250 mark.

You can still set up the trust now which you can use for future purchases, and you…[Read more]

I agree with Pascoe, I have only read one of Jan Somers’ books, but she seems to be the leader in info on Positive cash flow properties.

I’m also the same as you Josh when it comes to reading, I think I have read about 15 books in my life, fortunately 10 of those have been property investment related.

One thing I would definitely suggest you do…[Read more]

You also have the additional equity in your current home to contribute to the 65k to use as security for another purchase, is that right?

So in effect that gives you 65k + 180k (430k-250k) = 245k

I see you have 245k to use as security toward another purchase.

I’m only an amateur investor as well Scotty, but I pretty sure you have more than just…[Read more]

Josh,

I am guessing you have read Steve McKnight’s book if you are on this site. If not get it and read it, its like a bible. Another book I enjoyed reading was ” How to achieve wealth for life, through property investing “, Tony Melvin and Ed Chan – these guys also have a book on Trust structures, ” How to legally reduce your tax “, it goes…[Read more]

Richard,

I am hopefully asking the following question on mine and Scotty’s behalf, I am hoping that I am confirming info I have received from a fellow investor.

The purpose of having the interest only loan with the 100% offset account is a matter of having control over your money? In principle having this configuration achieves the same result…[Read more]

Hi Peter,

I am also in central qld, property advisers outside of the capital cities are rare, so rare I haven’t found one yet, and as you may have found advisers who trade in shares and managed funds are a dime a dozen. In light of that I have taken a slightly different approach, I have actively gone out and found people who are successful…[Read more]