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  • Profile photo of silverbullet77silverbullet77
    Member
    @silverbullet77
    Join Date: 2003
    Post Count: 4
    November 1, 2003 - 2:51 am

    The recommended website is down so not sure but I did hear a story…

    Buy unit with tenant on 10 or 11 month lease to go, take rent for this period and then move in before 12months is up.

    I do not know the legalities of this strategy and it may well be fraudulent as well. Will wait for website to come back online.

    Profile photo of silverbullet77silverbullet77
    Member
    @silverbullet77
    Join Date: 2003
    Post Count: 4
    October 31, 2003 - 10:38 am

    If I could get both that would be pretty good! But to select between the two I would choose asset protection.

    Any idea on the costs of setting up a trust? – edit: sorry, just found out in another post!

    Profile photo of silverbullet77silverbullet77
    Member
    @silverbullet77
    Join Date: 2003
    Post Count: 4
    September 30, 2003 - 2:01 pm

    I actually have bought the egame from powwow – $194 all up.

    Its quite good fun to play and interesting to see how poor cashflow management can get you into trouble easily.

    Its excellent practice on Richdad’s financial statement – where downpayments, total cost and cashflow all go. But I am unsure how this relates to accounting in the real world (for the ATO!).

    I think you can play online from Australia, you have to join RichDad’s insiders however – US$10 per month at the moment.

Viewing 3 posts - 1 through 3 (of 3 total)