Hi nextone,

What to do in this situation

Show your parents this website and forum, who knows but giving so, letting them read here after 10 or so minutes. I think, you will have convinced them, that property investing is an excellent vehicle for creating income.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly…[Read more]

Hey Mel,

It gets crazy there some nights, serious, there are weeks, were the police are at the foot of the building patrolling or running around the neighbourhood and out side the building at work, with sniffer dogs.

Though, my job is really stressful, at times it has been, we had one night, not long ago a break in, actually 3 in the last year.…[Read more]

Hi Kazonthebeach,

Just reread your post, i think you have already greater success than most people, its only that you been unlucky… Not to worry, you can say you been there and done that. Which makes it 10 times or even 100 times easier, as you are able to learn from experience and mistakes that other people, would have to do, in order to…[Read more]

Hi KazontheBeach,

Sorry, to miss your earlier post, will respond to that one very soon. First to answer your questions.

How DID you secure finance in the early stages?

I had access to large amounts of capital behind me, i cant really say how much, as i had investments and regular earnings being invested regularly every so week, had been…[Read more]

Hi Melbear,

[] but i am sorry…. really, i look forward to reading your post here on property forum, you always, are very helpful and patient in explaining, and in great detail, you make it much easier for newbies, to understand the lingo of property investing. Wish you best of luck in you property portfolio and wish you further more and…[Read more]

Alrightie, very brief and lightly im going to touch this subject….

maybe a good time to be buying shares in the health care system, reason being is that election time is coming soon and with so many baby boomers and the definitive off many more older australians getting sick and dying each year, shows that there will be an increase in and…[Read more]

[] Sorry Mel…..

Anyway, how did your New Years Eve go ?

And A Very Big Welcome for You for
2004

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi HappyBandit

So I wonder how Steve was able to obtain 130 properties in such a short time?

Read the book, its in there…

If I didn’t use the WRAP technique is it still possible to accumulate this many houses in such a short period of time simply by using the equity from each investment house?

Yes, you can do it, but its gonna be very hard…[Read more]

Are we allowed to talk about shares for this one moment???? or does it just have to be property?

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

The extra tax advantages are

Though this will depends on the current tax laws(these laws are forever changing), that a hybrid trust allows for loss of income and income streaming.

There is much more limited liablilty as it is easier to control and mitigate.

Hybrid Trust has the power of retention and flexibility inherent of discretionary…[Read more]

Hi Steve,

I should have added in the last bit, that trusts dont pay tax, but distribute it, and carry it forward.

But thanks for pointing out the difference between the two.

Give me some time to chase those other answers up, just about to go out. When i come back ill post up what other pros a hyrbrid trust has.

cheers,
s.i.s

“People 4 get…[Read more]

Hi Hissho & Steve,

Though also what HK did was, offered 5 years guaranteed rent. Because the property was X amount over valued. The rent over 5 years was built into the New Selling Price, in actual fact, he was just paying you back the X amount of rent that was pre caculated on top of the selling price.

Also if you were the buyer, and HK…[Read more]

Hi Pisces133,

Hybrid Trust are complicated,

Here are a few advantates, that i can think of.

See with a Family Trust, you can only have +ve cashflow assets, were as hybrid you are able to have -ve geared and +ve geared properties that run at a lost or profit.

Hybrid trust has both similaritites of unit trust and family trust, there are more…[Read more]

Hi Guys,

What ive learnt and seen is, that for your PPOR, IMHO, you are better to have a I/O loan, and pay your debt down as much as your possilbly allowed too by the bank. (Most banks only allow you to pay an extra $10k a year on top of your I/O, anymore and be penalised)

Though if you are just using a buy and hold stratgy and waiting for the…[Read more]

Hi Pisces133,

The only way i can see it, is to set up a company and with in that company a hybrid trust, though im still not sure if the hybrid trust can act as a trader, or does it have the benefit to act as both.

But then if you are the beneficeriay, i see that you will still have payed that tax again.

grrrr……

this is hurting my…[Read more]

Hey Matt,

Happy New Year to You and to All!

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Bbruham,

ill take you up on your offer to have a beer, anytime for a beer is good with me. [][][]

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Steve,

thanks again, the idea of the trader, seems to hold some good ground, and the benefit of using it as your sole way of making income, does come with its benefits and downside, though just claiming the 50% CGT discount, still gives you the ability to, still pick up work,

if in a needed case, if you cannot liquidate a property during a…[Read more]

Hi booboo,

The difference between 5 and 6 is, that many banks see, that if a dwelling has more than 4 units/flats or appartments available or on the one title. They will look at it as a commercial/business loan.

“business is business”

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll…[Read more]

Hi burbonbill,

You could also do this, release some equity to purchase a +ve cashflow property or properties on the full purchase prices and use the “Offset Gearing Principle” to have your Negative geared property, offsetted against another property’s passive income.

This way, you have 2 properties, but can further benefit more in taxation wise,…[Read more]