Forum Replies Created
Hi Steve
I agree whole heartedly. It’s also great to see you back on deck, can only assume the little princess has you up for hours all night giving you heaps of typing time … [:X]
It is apt timing for the forum to return to the better days being that we have new year on our door step.
So Happy New Year to you and yours and all of our PI Families.
Big Cheers
Leigh K[
]Carve your own path and lead the way …
Hi Fullout
Good to see you are doing a reno, hope all is going well with your investing plans.
Remember that house in Langford St that we both put offers on, well we painted onver the wall paper in the hall way because it had a lovely rose pattern through it so when we painted it white our walls have a pretty effect.
Be careful to not wash then to much before painting as you can cause some paper to come off.
BTW, we have tenanted that house at $130pw, not bad huh!
Cheers & Good luck
Leigh K[]Carve your own path and lead the way …
Guys
I am back from holidays early, and can’t believe this thread.
Could someone explain to me without expletives why people keep posting there address after reading the various requestst o not do so. agggrrhhrhh[}
]It is wonderful that people shar information but honestly read their message properly and email them at the address they have provided you in the offer.
This thread is now locked … if you would like a copy of this spreadsheet email Mr Charchie at his address provided.
Cheers
Leigh K[]Carve your own path and lead the way …
Xenia
This is a really interesting topic as I agree withyou about not knowing the diference until I was an adult and had to find out for myself, i used to “blame” the my parents but came to realise that they couldn’t teach me what they didn’t know.
What I do know now is that my son WILL know the difference because we will make sure of it. I think you can rest assured that if you are concerned about it now that it is very unlikely he/she will never know the difference. You will make sure of that.
We are sending our 2 1/2 year old to Montessori next year. They take the approach of being aware of a childs sensitive periods in their developement and ensure they don’t miss out on learning all the necessary skills at the appropriate time. All the children stay in a mixed age class room until they are 6 years old and during this time as they grow they develope leadership skills as they are encouraged to help new students each year to fit into the room, the idea is that they learn more through teaching and by the time they are 6 they have already been the big kids of the school instead of having to wait until they are 12.
Anyway I could ramble for ages.
Cheers
Leigh K[]Carve your own path and lead the way …
Remember that the 11 sec sol is just a filtering system and not a total requirement of investing. This helps new people to sort out the totally poor deals. Everyone should have their own guidelines as to the type of return they acheive. So modifying the 11 sec sol to suit your expectations is simple, instead of divide by 2 just divide by 2.75 or even by 3 then times 1000.
Remeber to keep everything in perspective and do your due diligence.
Cheers
Leigh K[]Carve your own path and lead the way …
C2
Plus the hardware and upgrade of such to handle the traffic that this sight generates and admin staff and graphic design … yadda yadda!
Cheers
Leigh K[]Carve your own path and lead the way …
Well… In other forums I’ve participated in, when you click on the person’s nick, you can send them a private message. This is used for sending email addresses and the like. I suspect if this feature was “enabled”, there would be far fewer people posting their email address!
Very uncalled for Allan, instant messaging is currently unavailable and is a feature that is being incorporated into this forum in the near future. As for NOW I have outlined the policy and suggest that if you have a problem with it that you discuss it with admin.Cheers
Leigh K[]Carve your own path and lead the way …
STOP
Guys
I am sorry to be the pain in the ass fairy, but posting your email address into these long threads attracts spammers using electronic “thingies” ([
]), and admin prefers that you do not do this. I have mentioned this many times before. It drives the moderators and admin crazy, so pay attention please.Not to mention that Mini has asked twice for you to stop posting a request for the info. Give her a break and follow the rules.
MINIMOGUL
I personally think you should open another business called NZ for sale in OZ and become a buyer agent … as I type I am thinking “do you want to go into business with me! Hmmm![
]Cheers
The Pain in the Ass FairyCarve your own path and lead the way …
Folks
There is no advertising allowed on this forum and as such you cannot offer deals for a fee without the express permission of Steve or Dave.
Please no further offers are to be added to this thread or any other until you have spoken to Admin.
Cheers
Leigh K[]Carve your own path and lead the way …
Bear
Why aren’t you buying these deals, you don’t need much money to get into them and maybe a JV is better than giving them away. They might be harder to find by the time you have saved up your spotter fees.
Cheers
Leigh K[]Carve your own path and lead the way …
Folks
Well hasn’t this been a wild fire … It caught my eye this morning as it had grown so fast.
Rugbyfan,Could I please have a copy of this spreadsheet?
email is julian’at’ctcorp.com.au
Why aren’t people writting their email addresses properly (eg: ‘at’)
Is there some danger? Spamming?
Have people had problems from this site?
Thanks
The admin of this forum do not like having people posting their email address into threads such as this as spammers are attracted to the site. So please avoid this in the future.Thefirstbruce
Well done that was a great idea, and I am sure that our rugby fan budies RSI will thank you also!Rugbyfan
Well done that was a great spreadsheet and thanks for sharing it with everyone.
Kind regards
Leigh K[]Carve your own path and lead the way …
This mark up on the price of the house is such an irritating issue, I bought my PPOR 2 years ago for 247k and it is going to auction in Jan in the 420k price range, sure we have done work to it but only painting and maitenance. That is a 70% markup (someone can correct my maths if you want).
My wrap has an 18% markup on it and I wont realise that gain for anywhere between 5 and 20 years.
I think interest markup certainly needs to be regulated as it is unnecessary to charge more than 2 to 3 percent above the standard rate.
I didn’t see the story but let’s keep perspective, it was a magazine journalism story where the facts aren’t always accurate. Haven’t you ever heard that a 4 year old child was left in a car in teh morning news and by dinner they were 2 years old. I’m not saying that the cowboys don’t exist but let’s not throw stones without facts.
Cheers
Leigh K[]Carve your own path and lead the way …
Mini
Don’t you mean some Kiwis buy one at 950k and “other” buy 36 at 26k [
]Cheers
Leigh K[]Carve your own path and lead the way …
Sooshie
What sort of Christmas rituals do you have, I am a bit nervous now![
]LK[
]Carve your own path and lead the way …
Hi Everyone
Funny how trusts always draws a big discussion. I find the info really interesting and have found it much more simple than it first appears. There is SOOOOO much that you can do with a trust and buying Wealth Guardian and Trust Magic are essential before settingup your trust.
Hi ENJOLady, does that also apply for selling property lower than your purchase price?
Yes, it is the same thing, it must be fair market value or the gov still sharge based on the FMV.
unless you were over the land tax thresholds in the relevant state, it would not be worth putting it into a trust.
Certainly in Vic we can put our IPs into a trust until they are just below the threshold and then start a new trust and this helps to minimised teh tax charged to us under the land tax act. Of course capital growth means this may put the trust portfolio over the threshold … Oh well.
I’ve heard that the cgt discount from trusts may soon disappear and that trusts will become more like companies????
Pin is right, alot of people worry that trusts will be abolished or changed etc, but all pollies have them so they are pretty safe in that respect. Also with CGT discount it only applies if the beneficiary is a person.
Shaun, if you delay longer in selling your IP to the trust, chances are it will go up in value, and you will pay more CGT. And more stamp duty on a more expensive property. something to be very aware of.As for your PPOR, that’s not a huge issue CGT wise, but is for stamp duty, and is if you are looking at renting it from yourself.
Don’t forget that you don’t “have” to put your existing properties into the Trust it can occur as you buy and sell, we have two props outside of our trust one is our PPOR, we are selling both of those as a result of a life change so they will no longer be an issue for us.
also, if there are no beneficiaries that pay less than the highest margin of tax it may be worthwile to set up a company to be the trustee. the profits can then be distributed back into this company and pay tax at 30%.
Unfortunately you can end up being double taxed doing it this way as the compnay pays 30% and then the person receiving the money pays at their marginal rate. But you are all forgeting or maybe unaware that tax is only paid on money after post tax expenses have been deducted … this mean your tax can effectively be less than 10%. Also distributions to beneficiaries is discretionary so the highest tax payer doesn’t have to have any benefits paid to them it can go to the kids, partner parents etc.
Is there any way possible to transfer properties already in a personal name to a Company or a Trust without incurring hefty fees?
Sorry NO.Daisy Girl arranged a talk by Dale GG last week and it was highly valuable, so if you get the chance go to see him talk about trusts. Otherwise get a hold of Steves book first it really gives you the basics about all types of investing structures available to you and then explains a trust in the most simplest way. Then get Trust Magic if you still think it is for you. Basically Trusts are for anyone intending to buy more than a 1 or 2 properties.
This ia a really good thread keep the questions coming as I think a lot of people will get good advice out of it.
Cheers
Leigh K[]Carve your own path and lead the way …
You will find merge cells in the tables drop down menu also.
Cheers
Leigh K[]Carve your own path and lead the way …
This is not the greatest solution but does get you what you want. Unless some has a better idea.
Right click on the thread.
Choose export to excel.
Highlight the text you want.
Copy and paste into word.
Highlight the cells and right click.
Choose merge cells.It will all appear in one cell.
Cheers
Leigh K[]Carve your own path and lead the way …
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