Forum Replies Created
Is Rich Dad coming to Australia, next month or is he coming sometime in May this year?
sorry, does anyone know?
Cheers,
sisTo all the Ladies,
Can us guys join the Wildy Wealth Women Club [^],
im not sure if i heard right, but did they say there are over 600 ladies [:X] in this club ?
Cheers,
sislmfao…. [^]
…. now how often do i hear those everyday …. [^]
Cheers,
sisHi Melbear,
but wait… it really does… [:p]
oh hang… so thats how the 11 second solution works
…. and all this time, ive been using a caculator…. [?]someone could have at least told me… [
]Cheers,
sisbut hang on guys,
its takes me 10 seconds to think, what i gotta do, about 30 seconds to find a caculator and then another 15 seconds to punch the numbers in and then another 4 seconds to get an answer.
that took 59 seconds…
…. oh wait… no wonder im still in school [?]Cheers,
sisOriginally posted by westan:why ?
lol… love Westans Post! 1 word… [^]
Cheers,
sisHi Cornel,
If the property is going to be positivly geared and the property is going to provided +ve cashflow, it would be best then, who has the smaller income to try to claim, as much back as possilbe on their tax return, so that more returns can be gained.
Though, best to find out, how long, your dad and you want to keep the property, and if he is going to retire soon, it might be better to purchase the property in a Trust.
But first speak, with your dad and find out what he wants to do with the property, and if its nothing long term, then find out what tax benefits he wants. Because in a deal like this, there can be some huge tax benefits and taxes,
Even if this property is going to be an investment property, but also that fact that it will be payed out in cash. Which will mean straight revenue and huge cashflow incomes. Best thing, is really talk to your dad about this, if its going to be bringing in straight cash every week, or else the tax man will try to take a huge chunk of this cash.
Cheers,
sisHi Cornel
This will be on the contract form, but its nothing to worry about, ask your dad, what he wants to do with it future wise, he might want the whole property in your name and just the loans take out in both your names, if this is the case, you control the asset, but also get tax benefits, were as your dad will still get tax benefits, but just no control over the asset.
Though, theres no need for trust, unless maybe your dad is thinking of retiring soon, again the trust could come in handy and give you tax benefits again.
Cheers,
sisThough when taking out the loan, it will be the same as taking the loan out as an individual, though first check up and see what you want to do.
reason being is you can have the property in just your name, if your dad, wishes the contract to be like that, but have the loan taken out against both of you.
Though depending again on what taxs benfits you are after, and whether your after some taxs benefits, it might be better to get your father to either gift you more money into the loan or also be the borrower and guarantor of the loan at the same time. Which will help you, in putting as little as possible into the purchase of this property.
Cheers,
sisHi Cornel,
If you are deciding to do a Co-ownership with your dad, there are 2 typs of ownership that can be taken out on the property.
Joint tenancy and tenancy in common.
With Joint tenancy which is more favoured by people, the reason being is, if one of the persons on ownership of the property die and there is a Will already in place, the survivor of the ownership of the property will have full ownership, regardless of what the Will says.
With the tenancy in common, you can control the type of amount of share in the particular property you want to purchase, and if you were to die, who you want your share of the property to be left too.
Another thing with Joint tenancy and tenancy in common is that you can sell your share to a third party with out the consent of the other co-owner.
Cheers,
sisjust recieved about 4 emails like this in the last few days, had them quartined and open, but they seem to be coming from a debt relief company.
Maybe… they have got hold of peoples emails as well. [?]
Cheers,
sisHi Richmond and all,
Putting up the details of an accountant i deal with was fine, but being reminded by peers, that helping people and contributing a plentiful of tips and information, what do i get back, when people still want to debate, even when facts are put up there for them to see, yet still debate it.
So, for being helpful, instead, its best that i stop posting and delete such information to this thread, and ignore and forget what was posted, but move on and discuss more about property in general in other threads and forget what has happened in this post.
Cheers,
sisHi Guys,
Sorry, but ive deleted the post about the accountants details,
Cheers,
sisHi Guys,
still i feel, that i should not have been questioned or asked about, giving details of one accountant i have dealt with, is still unfair, when simply, people can do their own research and not relie on someone else, who has gone out and found such people.
Cheers,
sisHi Rx2_73,
I havent gone quite, i was PM, yesterday by a quite a few forum members, and was told, that it was best, that i ignore, this thread as it was getting out of control.
Since, then i have been wanting to post more to this thread, but instead, and listening to other peers, im just with holding myself from posting but reading the new post as they come up in this thread.
The more i post, to this thread, the bigger the arguements get, so in doing the right thing, i have stop posting to this thread.
but if you want to speak in private with me, im happy for you to PM me.
Cheers,
sisHi Guys,
Heres a link about Helen Clarke
Interesting link, but is more funny, with what you can do to her face, how you can, change the appearance and look of her.
Cheers,
sisHi MarkyMark,
Very much agree with Westan, just having to know what the weekly bank repayment will be (either being P/I or I/O) and adding $40 a week, will give you a quick estimation of the running and keeping cost for that particular property.
Cheers,
sisHi Skippygirl,
If I own a residential IP and I put a whole lot of new plants in the garden beds, weed, mulch etc, is this a deductible expense
Yes this is a deductable expense.
Cheers,
sislol… the poor lady, lucky she didnt hear what her husband said… lol [:o)]
whoever is using the card – is saving me heaps!!!!!!! lol….
Cheers,
sis
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