Simon C replied to the topic Sell my home to my Trust in the forum Legal & Accounting 18 years, 5 months ago
Hi there cia
Just curious as to your main driver to sell it to a trust. I understand the many benefits you can get from a trust structure as have that structure myself as plan one day to move IP’s to an SMSF should super tax concessions remain as they are now.
I had started our buying IP’s in my name and now moving to buying within a trust…[Read more]
Simon C replied to the topic What to do with $250,000 in the forum Help Needed! 18 years, 5 months ago
Simple one. I’d pay down the mortgage and work on paying off the other $50k. At the same time I’d unlock the equity in the current property and look for an area and strategy to invest in property’s using a trust structure.
You’d use the equity loan to fund deposits by gifting it to the trust, and borrow 80% against the property you have chosen.…[Read more]
Simon C replied to the topic The costs of sub-dividing? in the forum Value Adding 18 years, 5 months ago
Hi Karl and Rita
Ironically I am looking at the same same process also in North Ipswich with an exact same size corner block.
Your first step is to contact Ipswich City Council and discuss with a planner for you area. They will tell you if your block is subdivideable and also give you some idea on the ease based on where the sewerage is on the…[Read more]
Simon C replied to the topic re:kambalda wa in the forum General Property 18 years, 10 months ago
I own a property there and have been advised by a local RE agent that a group of investors from the Bunbury area swooped in October 05 and purchased 35 properties estimated at about $3m!
They were aparently well researched and possibly have contacts with a major mine company. They were aware the rental vacancy rates was around 25% at that time,…[Read more]
Simon C replied to the topic mining towns in the forum Help Needed! 19 years, 6 months ago
Hi Nspeed
Quantifing the reason you want to invest in these area may also help deside if its a good idea or not. I personally think they provide income opportunities for investors more so than capital gains as do own investments in some mining towns that return healthy yeilds. However, I do not expect significant capital gains even in the medium…[Read more]