offset account also has a higher interest rate compared to LOC.

Kev

There’s no Such thing as No Can’t Do!!!!!

sorry to hear that George, so does that means you’re looking for a new lawyer too?

Kev

There’s no Such thing as No Can’t Do!!!!!

Dear Peter,

Nothing is impossible.

i manage to get 2 deals in NZ less than 50000 NZD in 3 months period from MiniMogul

one 45K and one 48K both giving a return of 15% and 13% respectively

More to come

kev

There’s no Such thing as No Can’t Do!!!!!

That’s cool.,

Thinking of moving up there for my job next year after graduation, and since i’ll be in the 48% taxation bracket, i was thinking of making use of some negative gearing to gain some capital gain in a few yrs down the track, Seems like a great place to be searching for properties over the weekends COOL>>>> oh I’m so…[Read more]

i would think it’s better to have it re-evaluated and refinanced.

Hmm, the rent’s low, it’s not exactly cashflow positive is it?

i might want to increase it a bit, esp after you’ve done so much renovation works and all.

There’s no Such thing as No Can’t Do!!!!!

you can’t buy IP and then PPOR and claim FHOG. It’s only for your first ever HOME, IP or not.

So you can’t buy heaps of IP, don’t stay in them and then buy a PPOR and stay and claim, u wont get it as you have owned numerous IPs before.

however, u can move in within 12 months to get the FHOG.

There’s no Such thing as No Can’t Do!!!!!

i think it will pay off the home loan first, get rid of it or at least pay it off as much as i could as it’s non tax deductible.

Well if u move after 6-7 yrs, then most likely there are some loans left to pay off.. so u can still use it as IP.

Otherwise, if you are super good n manage to pay it off in 3 yrs like Anita Bell, then u can always use…[Read more]

shoudn’t be a problem so long as ur company is resident, meaning the director are australian residents. FIRB will only look into any investment set up by Foreigners, non-Australian, so if you have most of your directors that are non-australian residence ( citizen or PR ) then you will require FIRB approvals.

As for funds, it’s the same no matter…[Read more]

lucifer_au,

so hmm that means non family members would benefit from a discretionary trust then? i’m thinking about things like u know same gender couple who are not recognized by law to have same status.. things like that ? or just partners who are not necessarily family members, discretionary trust would be for them then? or would they be better…[Read more]

isn’t discretionary trust the same as family trust? just different names?

Kev

There’s no Such thing as No Can’t Do!!!!!

incorporator is cool, but since it’s about 900-1000 a set up, i don’t think it’s much difference than paying Dale to do it. After all, Geo mentioned that he still charges the same fees regardless of whether u set up a company or not.

So why spend the extra money setting up the company yourself and then pay 2200 for Dale to set up the trust when…[Read more]

one thing u can look at is salaray packaging for your loans, phones, cars and any other expenditures that you could possibly fit under that scheme. It will help reduce tax as the amount u package is usually before tax dollars, hence u only pay tax on the balance.

Say salary 50,000

Car Loan 1000
House loan 2000

So you package it 50000-3000

=…[Read more]

that’s trust ibuycashflow,

it’s mainly to reduce tax and asset protection, depending on what job you’re in, u may be in a higher risk group, i believe i would be when i start work next year, so a trust is definitely the go, not to mention the tax advantage

There’s no Such thing as No Can’t Do!!!!!

lizzy, 150 per week rental for a 90,000 house isn’t exactly fitting the 11 seconds rule? unless there’s some creativity put into the deal?

There’s no Such thing as No Can’t Do!!!!!

Acey,

That’s what i read in Dale’s book. i still think i will follow MelBear quote from Dale’s book. i still think the appointor is the most powerful person as he can hire and sack whichever trustee to control the investment. Sure, once appointed, that trustee is the one who’s managing it, like the CEO of the trust so to speak, but what if the…[Read more]

hmm is the election near ? if they really want to help FHO, try reducing stamp duty.. lol

Anyway, we’ll see what happens,

There’s no Such thing as No Can’t Do!!!!!

hi Geo,

well the reason i prefer to have a company as a trustee is because if that trustee(company) get sued, i can then as an appointor, Sack that trustee and put another one in place.

I suppose you could do that if you are the trustee, if u get sued, just sack urself and appoint a company or something. But then, i don’t like that idea because…[Read more]

mcwong,

do you mean even on renovation and home improvement you could claim that 5K govt grant? that’s great isn’t it ? well sorta ( until the time limit’s up )

There’s no Such thing as No Can’t Do!!!!!

heya,

Well i think what ArthurK was pointing to is that each trust has a limit in terms of land value. I think it’s 500000 ? before u get taxed for it ? some sorta extra tax levied on the land value of the properties that trust holds.

So when you have a few IPs and the land value is near the limit, then i suppose that’s the time to set up a new…[Read more]

Heya… what’s the new taxation rate ?

Kev

There’s no Such thing as No Can’t Do!!!!!