as for land tax, u can have multiple trusts and just put ur properties accordingly so that it doesn’t goes above the value that land tax would then applies. It’s calculated by the cumulative value of the Ips i believe.
i suppose you’ve been bombarded enuf with infos on trust by now.
Dale’s Trust MAgic is a must read.. i’ve just purhcased it and it has just arrived in the mail. Very good book, plain n simple to understand. 99 including postage n handling, a small price to pay for such a Wealth of information.’
it depends on what that member likes to do.. if i have a family member that has that sum of inheritance, i would sorta coerced him/her into investing.. I could propose a JV if she doesn’t has the time or knows the ways to go about doing investing or is just too old to bother with it. A Good Money Partner and if that interest her in the…[Read more]
This is interesting.. tomorrow can’t wait man.. the Top of my LIst of events that i’ve been anticipating for a long time hehehe.. definitely a bOoster for me
I’ve bought a vancant land but it’s vacant as it is. Let’s say if end of next year i start building, as in having the plan n all drawn up and the builder commencing work and the house finished in let’s say mid 2005. Provided the FHOG is still on then, can i claim the 7000? could i claim any extra for a vacant…[Read more]
well i’m a newbie too.. currently after learning a huge curve from the purchase of a vacant land JV with dad, i am excited to get an IP too.. but i have to wait :
1. to see how the market is going
2. to get my residency status end of next year to start buying IP, hence not needing to satisfy FIRB anymore
3. Get that degree so that i…[Read more]
i believe looking at some other mortage agents and other banks would really help. Not all banks deal with their clients the same way. I was in such situation 2 months back, and given my non-residency status and not an income earner ( JV with dad who works overseas ) we had some difficulty satisfying the bank due to the FIRB…[Read more]
Geez. it’s so strange, u know what, my youngest brother’s Ken Shin too.. and for a glance, i thought u were him until i read ur post, definitely not him after that LOL, thougt i would love to have a brother who’s interested in property to share experiences with he’s 16 this year.. maybe i should influnce him a bit lol
hmm i hope some of the admin staff would read this and direct us what to do.. i have saved the copy and email it back to me in case i could re direc the mail.
Wizard, great to see someone who’s in the same boat and am enthusiastic about this