Hopefully the new ‘concept’ or whatever it is that the guys are coming up with will solve the problem. I believe you can then advertise your deals for a fee – and that should be a blanket for all – no special considerations/exceptions whatsoever.
Honestly, i think they will get limited in numbers, i remember going to an expo were Margaret Lomas spoke out. Some of her words were very true.
If you all remembered back in 2000 the average wage was $36k – $37k, what she said was at the rate of our low inflation, by the year 2014 the average wage will have almost doubled and will be around $70k which is pretty dam on the spot, at the rate of inflation.
Due to this rate, and at the speed of what wages will be like, it was a big wake up call, if you look at the price of housing in the last few years and what wages are now, the prices of houses have just been booming and going up. This means everything is going up.
Remember todays dollars are worth less tomorrow, so the longer you sit around and let these +ve cashflow properties go, the sooner they will be no longer around.
There is a way to move the properties from Company to Trust, I know you can move properties from one trust to another trust, yet this is very expensive and most the cost goes to legal system, which is very hefty in price.
I been asleep, lol… i just woke up and the first person i wake up to and say Hi is my computer… ok thats sad… but []
Always on the look out… [8D]
Though… lol always connected to the interent… lol, even when im not here… im still here and when im on the bus trip this weekend… lol… ill still be and when im not here and somewhere else im still here.
Firstly a good insurance company that gives protection against tenants that might burn the place down for some reason.
Comm Insure, though i will admit it was a win/lose/win situation.
Quick story.
Partner had a property, got burnt right through the inside totally, property had just appreciated in value as it was in an excellent growth area.
First Problems
Loss of Money
Having no rental income as the place was burnt out.
Waiting upon insurance pay out.
Building of new place.
Results
Eventually got Insurance Pay Out
Brand New House (2 storey)
Depreciable
Increase Rental in Favour
Market Value …. New Whooping Value
Since then, someone actually wanted to buy the house as it was, when it was burnt out, secondly its just gone up in so much value, thirdly been taking insurance and bond money very serious now.
The banks will take your HECS debt into account, though i wouldnt be to worried about this, if your HECS debt is being payed off at a very low marginal, it may not be much significant loss against your earnings.
Though i think 6% out of the earnings is the most you have to pay if your on the highest tax threshold.
Though they are increasing the threshold on how much you have to earn before you have to pay your HECS back, so your HECS repayment could even be slightly less everyweek, which will be good and serve in your favour.
Cheers,
sis
Though seriously i wouldnt be too worried about it.