Hi all

Purchased begining of October a 3×2 bedroom block of brick units close to centre of town for $236000.00. Spending about $30000.00 renovating now and hoping to get between $180 to $190 each a week. Very pleased with our purchase.

Regards

SPT

Thanks Property Guru

What do you mean Trusts dont pay tax. I thought they are taxed at flat 33%.

Regards

SPT

Thanks George

As mentioned, I have actually got our properties purchased by our family trust. This is where I was wondering if we have it right, how others have there’s positioned and for what reasons.

I will do a search.

Regards

SPT

If I was twenty five again I would only change one thing …… which is not entrust our savings with a financial advisor. BIG MISTAKE!!! We are now in control of our own future with our rentals, very happy and with achievable goals in place.

Hi KP

Thanks for the reply. We have looked into building a couple of units a while back, but initial investigations found the figures did not add up. Rightly or wrongly we have only been looking for positive cashflow properties. This is not to say we will not do it in the future.

Could someone please enlighten me?
How do you reply to someone…[Read more]

Hi GP

Good question. As we are relatively new to property investing (10 months), it is good to read how others are managing this.

As for ourselves, we owned our own family home 100% and last year set up a family trust. We have since purchased four rental properties under the trust, which are positive cashflow. We have also had capital gain in…[Read more]

Hi all

Thanks for the advice to those who replied. Just to let you know I have recently banked a cheque from the valuers to cover the refinancing and extra interest incurred over the term of the business loan. Although they didn’t admit liability, they claimed they paid out as an ‘indication of goodwill’.

So now we are saving on interest costs…[Read more]