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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    July 8, 2011 - 4:28 am

    Suggest that you email him with an agenda of items to be discussed at this meeting/discussion & follow up with an email to him of highly detailed minutes of your meeting/discussion (keep to the facts, remove emotion) and clear dot points of what he agreed to do requesting that he reply by email to confirm reciept of these minutes and his further response to them. Whatever you can get in writing is important. Keep records. You may need them. Date and time this and all other communications.

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    November 11, 2010 - 6:40 am

    Thanks for that. Now an overly simplistic query in regards to trusts –
    I have set up “X Investments Pty Ltd” as the Corporate Trustee for “ABC Family Trust” in SA. Here are the questions:

    1. Which name does the bank account get opened in/which name doess the borrowing?
    2. Which name goes on the purchase contract/title deed for the property?
    3. Which name do the receipts for rental income, as well as losses (e.g. buyers agent fees, renovation costs etc.) go in ?
    4.Which one does the tax return?
    5.Does anyone know of any good trust user guides where all of these nuts & bolts details are spelt out in black & white?
    Cheers,
    Susannah of SA

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    November 11, 2010 - 5:32 am

    Sideways to the original question: I have set up a family trust with a company as corporate trustee and now wish to put a positive gear property into the trust. The conveyancer says that a trust cannot be registered as an owner on a title. A trustee is registered on the title. But if the company is the title and Steve suggests not to put a property into a company how does this work? Confused

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    July 15, 2010 - 8:02 am

    Is it possible to multi-let a community titled property or even to have pets? Or is it like strata title in that you need permission from the other community title holders?

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    March 18, 2010 - 8:23 pm

    Thanx Chiz :)

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    March 18, 2010 - 1:31 am

    Hi Christian,
    I dont know what PM means. I am in Adelaide and am looking to buy a property to develop for the first time. Would love to take u up on the offer.
    Regards,
    Susannah

    Profile photo of Susannah BowdenSusannah Bowden
    Member
    @susannah-bowden
    Join Date: 2006
    Post Count: 8
    April 5, 2006 - 12:06 am

    Hi All,
    Stats and figures aside, Im guessing that there are a lot of folk out there who want to invest their money but find the share market too risky. They’d prefer to invest in bricks and mortar ‘the safer investment’ but either don’t have the funds or are not saavy enough to get into property investment. If Westpac were to stitch up a portfolio for them that was marketed to be ‘as safe as houses’ there’d be a lot of interest I’m guessing. Low returns don’t seem to concern a lot of people. After all theyre so used to negative gearing!
    Susannah Bowden
    Life is about Choices
    Your Choices affect Others
    Choose Wisely

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