Not sure if you misunderstand my question or you’re just being funny.

Let me clarify just in case. The Wrap Kit is a product that Steve McKnight sells on this website. It normally sells for around $600 but it’s currently sold out.

I would like one, so if someone has one they want to sell second hand, please PM me.

Thanks,
Dominic

Advancen…[Read more]

Originally posted by Cata:

The DVD you refer to, is it the one about the Reserve Banks being privatly owned?

Yep – A history of the US Federal Reserve, and how it’s privately owned. It also says that the World Bank is privately owned too. I don’t know how accurate it is but it’s interesting stuff, in particular it goes into the history of…[Read more]

Originally posted by holdencommodore:
Or you could spend that $250 that vexil is referring to on more marketing, hence you’re more likely to receive more interest and/or maybe more competition for your property. When supply is higher and demand is set, they’ll end up paying more for your property. That extra money in marketing will pay for itself…[Read more]

Ok guys I just spoke to the great people at Hall & Wilcox lawyers and they told me that in Victoria the SRO changed law about this which applies from 1st July 2005. Here’s the summary:

Q. So, what’s the position now when mum and dad sign a contract “and/or nominee” at the weekend auction and then speak to their advisor on Monday?
A. T…[Read more]

Ok from the information I’ve discovered so far, Bare Trusts seem to be a way to keep things semi-private but Cata you say that someone can do a search to find you listed as a beneficiary. How? Is this search available to the public? Or is it only the tax office that knows this information?

That said, this topic has brought up an interest of mine…[Read more]

Thanks Cata – thats interesting stuff. Unfortunately I’m not trying to avoid paying tax here – I just don’t want my name on anything maybe that’s the unfortunate side effect

Jscott – I’ve heard people mention bare trusts before. Do you know of a book or document I could read about them. Dale Gatherum-Goss’s book Trust Magic doesn’t mention them…[Read more]

Thanks for your reply grossrealization. Having an overseas company sounds like a possibility, but how sure are you that the bank wont lend money to the trust in this situation? I would love to hear of someone who has tried something like this. I know this is opening pandoras box, but there might be something to learn here.

From my perspective,…[Read more]

Originally posted by carl_vic:
Ok, here is another hypothetical one; what if a trust was created last year or whenever, and the deed was written in such a way that appointor could be changed at a later date, thus effectively transferring control of the trust to a different entity.

If a contract was signed today and/or nominee, then the trust was…[Read more]

Why not have the property valued? I never pay attention to what the real estate agents tell you a property is worth. You can get a valuation done for around $250 if you shop around.

Something I heard on one of the Wealth Spy CD’s: Even if you have your trusts etc set up, it’s still better to put “[your personal name] and/or nominee” and make out like you’re buying the property for your daughter or something. If the vendor thinks you’re buying it as an investment to “make lots of money” then he’ll be less likely to sell at the…[Read more]

In terms of dealing with losses in the Hybrid trust due to depreciation expenses on the property, I think have a way to get around this.

Because I run a business which has been setup as a Hybrid Trust, I can set up my property investment trust as a beneficiery of the business trust. Basically I can then have some income on PAYG (which is…[Read more]