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Thanks for all that advice guys, sounds like some great tips to get started. I'll see if some business people i know have any connections within the professional community, or recommendations of sorts that can help me out.
On another note, can anyone recommend any recent/current books that might be able to help me? Basically anything to do with real estate i will have no problem reading.
Thanks again!
Ok you've lost me.
Perhaps a book would be a better thing to read through at my own pace, so that i'm not wasting anyones time.
Any suggestions in that respect? I'm thinking, Asset Protection for Dummies type deals…
Thankyou
Ok you've lost me.
Perhaps a book would be a better thing to read through at my own pace, so that i'm not wasting anyones time.
Any suggestions in that respect? I'm thinking, Asset Protection for Dummies type deals…
Thankyou
Well if i personally was to go bankrupt, would business assets be liable for the loss and vice versa?
Am i able to segregate myself/each set (real estate/stocks) of investments so that if i lose one section, the others still function perfectly fine?
Ideally, it would be good that if one property got sued for whatever reason, i wouldn't want to lose any other assets i own at the same time.
Sorry if i'm asking a stupid question. I'm genuinely unsure of what entity i should be buying property under to reduce risk to both myself and my assets.
Thanks for the advice so far.
1. Yea, the people I'm currently getting my advice from are quite knowledgeable both with real world experience and are currently investing in all sorts of different things.
2. I was thinking asset protection from being sued mostly to be honest. I wanted to start strong so that if there were any complications further down the track and my property is owned under one/multiple different entities i won't lose the whole lot.
3. My income per year is only around 40k, but part of that is earned under an ABN, the other part as an part time employee. What i was thinking of is write-offs in the order of a work vehicle (I'm a traveling sales rep), repairs/maintenance on the work vehicle and ways i could again structure my future real estate investments to have them set up to pay the least tax.
I am more or less trying to ensure I've started properly and mitigated risk that will either bite me in the rear later and cost me or could potentially see me losing all my money after my hard earned work.
Thanks very much