Hi Terry,

Have you read the book “Family Trusts – A plain English guide for Australia Families” by N.E. Renton and Rod Caldwell?

If so, would this book be any use for protecting assets in a trust?

I would like to sit down with someone in Melbourne to advise and set up a structure for me. Do you have any recommendations for someone to help me in…[Read more]

Hi Brizza,

I have been talking to a mortgage broker to set up a 95% loan. This would be a loan for 93% of the property value and capitalising the LMI into the loan, bringing it to 95% LVR.

Unsure if you can borrow 95% of the properties value and capitalise the LMI on top of this.

Cheers

Any reccomendations for property tax accountant in Melbourne?

Must be a specialist in property accounting and asset structuring.

Also: what do you look for in a good property tax accountant? How do I know I am getting the best advice?

Many thanks

I am from Point Cook. Only a short drive to Melton.

I have wanted to play this game since I read Rich Dad Poor Dad.

Very keen to have a game!

Interested!

The business structure is out of my league but it is an interesting post I couldn’t help but comment.

I have also read all of Steve Mcknight’s book and taken in a good deal of information. May I suggest that you also have a look through some different property strategies such as Michael Yardney’s book ‘How to build a property portfolio in your…[Read more]

I am just starting to go through the suburb due diligence in preparation of an investment property purchase.

My current thinking is to cross analyse the suburb information from those companies and other sources looking for consistency. I will then do my own research, looking at the various statistical websites available and speaking to people…[Read more]

I used to believe rich was those who drove nice cars, lived in nice houses and ate at only the finest restaurants. I now know better, most of those people with these luxurious lifestyles are not rich. Some live pay check to pay check just like those on a medium wage. Being rich has much more to do than appearances alone.

Obviously there is more…[Read more]

I used to believe rich was those who drove nice cars, lived in nice houses and ate at only the finest restaurants. I now know better, most of those people with these luxurious lifestyles are not rich. Some live pay check to pay check just like those on a medium wage. Being rich has much more to do than appearances alone.

Obviously there is more…[Read more]

Sounds like you had a tough time Laert.

I am only a beginning property investor, but I have done a lot of research and read many books on the subject. I was initially going to go through a buyers agent like yourself. The books I have read all talk about the need for a mentor and the right team in place to ensure your property success. The more I…[Read more]

I would also like to state the following arguments against the possibility of a similar crisis here in Australia:

No doc loans are no longer available? From my knowledge, since the GFC, no doc loans are no longer offered by the banks. Is this true? Have we learnt from the subprime crisis in the USA?

Subprime lending reached a peak of around 20%…[Read more]

Thank you Terry, you have been very helpful.

How does a discretionary trust work with borrowing money and tax deductions? If I have a trust set up and buy a property using borrowed money and is negatively geared – Am I still able to claim all the depreciations and negatively gear against my income?

Great post. This is one of the questions I am currently trying to answer in structuring my portfolio.

I recently heard Ken Raiss from Chan and Naylor Accounting talk at a seminar. He talked about the different type of asset protection structures such as companies and trusts.

He highlighted each structure was specific to the investor, however the…[Read more]

Great post. This is one of the questions I am currently trying to answer in structuring my portfolio.

I recently heard Ken Raiss from Chan and Naylor Accounting talk at a seminar. He talked about the different type of asset protection structures such as companies and trusts.

He highlighted each structure was specific to the investor, however the…[Read more]

I really enjoyed this post. As someone who is just beginning the property investment journey – setting a goal has given me confidence that my actions are going to the right direction.

I have recently read Rich Habits by Tom Corley. In his book he identifies one of the major habits of the affluent is to set long term, medium and short term goals.…[Read more]

Thanks Benny,

I had a quick glance through the forums. The thread is like an index for everything you would want to know about investing. I will have a proper read through over the weekend.

Thanks for the information.