Hi Pilbara BoyYou have some great opportunities in your situation.There are some interesting strategies to consider in your situation with one income, renting somewhere that might not be your long term residence ( you can own a Principal Place of residence and rent somewhere else when on a contract etc.Managing the Family Tax Benefits etc might…[Read more]

HiCan try Alyson from ARB Accounting at Sherwood – have been impressed by her.

Hi If you are treated as a property trader you might have to be wary of GST potentially as well depending on the types of properties.Remember to this is more speculation that investing – higher risk.

HiFTB is based on earnings including investment earnings  – Part A on joint earnings – Part B on lowest earner level of assessable income.  Things like which name to invest in etc are issues to consider.Interest on $100K would be about $8500 (8 1/2%) if you find the right term deposit.Of course there are many options to change the way the income i…[Read more]

HiAs you have significant equity depending on the current ownership structure EG: joint etc there may be some options to increase the tax deductible portion of the loan.If you redraw to use it on the new PPOR it will not be tax deductible even if the loan is secured against your current property.  Deductibility relates to the use of the funds r…[Read more]

HiThe biggest issue I see with some property investors is becoming to emotionally attached to both the property and the tenants.  Spend your time earning income to fund your next property venture rather than get tied up with the ins and outs of dealing directly with the tenant.  Time is money – a good property manager makes the investment more p…[Read more]

Hi FlangeWhose trust is it?  The profit distribution is a "paper distribution" of the profits made by the trust.  The actual money rarely gets physically distributed to the beneficiary – of course they are actually legally entitled to the money if the trust actually exists now and if there is money to pay it out.  First thing is find out who th…[Read more]

HiFirst rule – never mention tax minimisation  as the reason for doing anything!Second – are you borrowing to fund the purchase?  Any tax losses (negative gearing) in the trust will be locked in – can't distribute losses to offset other income.Third – youcan't funnel employee income through a trust – however if you are in business and have a d…[Read more]

kaus wrote:
I am on gross $35K after salary sacrifice, partner casual gross 28K, i bought IP in Lidcombe sydney in late 2003 for $430K + expenses=$450K total cost with 100% loan.Currently i get rent $275p/w , current value of IP is $400K , it is run down , no improvement can be done except re-build house.

You better hope someone wants to pay…[Read more]

Hi I have a few people that might be interested in a coffee and general discussion – be prepared for distinct opinions!Send me an email at empire@lips.net.au and we can sort something out.

Scamp wrote:
Another free tip : the real value of your house is what you can sell it for : Not what banks tell you. If a fool buys it for 500.000, then it does NOT mean it's 'worth' 500.000. It just means it's worth whatever the NEXT fool will give you for the house ( that might be 1.000.000 or 200.000 ). Seeing that fools are running low on…[Read more]

pksmith wrote:
As you would be aware I would like to increase the loan which has tax benefits and decrease the non tax benefits loan. To make it more complicated I presently access a rural/remote housing assistance which allows 50% of the Home Loan interest to be salary package (through the public health service).

Even if you get the 50% salary…[Read more]

Triggerman wrote:
Thanks Richard, Can I use the fortnightly payments that I made to the bank to finance the deposit for an IP/ new home considering that I've only been here since Nov. 2007? Will there be any tax issues? How much is the adjusted premium?

You will have to be careful of stamp duty charges – bought as PPOR – exemption would have…[Read more]

HiMy plans are help more of my clients to accumulate wealth taking advantage of the bargains, so they are happy to pay me for the assistance allowing me to invest in all the bargains on offer at the moment!

Millionaire in training wrote:
Hi allI'm 100% in Cash at the moment with plans to trade shares as I finsh my Diploma in Share Trading. Where is this from?  Hopefully not one of those trading software companies that wants to flog you expensive software.  – Reality is the sharemarket isn't rational!  Try investing rather than trading – watch th…[Read more]

richardgr wrote:
Uncertain here. Everything I have read in the past month has had a negative slant on property investing. Opinions seem to be first option is cash in the bank, second option blue chip shares and third is property.Capital available try, blue chip shares get more shares for your dollar with highest dividend yields we have seen in a…[Read more]

L.A Aussie wrote:
We settled on a block of land in Aug which will be for our next PPoR, so we will be doing some debt reduction and getting cashed up for the most part.We have a decent amount of equity in the potfolio, but the current Bank is not letting us do much due to servicability (the new block has put a spanner in the works I guess) so we…[Read more]

mathewc73 wrote:
Hi everyone,Personally Im feeling less certain about the direction of all markets for 2008.  So my strategy is basically to cash up.- No share purchases try counter cyclical investing – ask warren buffet – why buy good companies when they are expensive compared to their dividends!– No property purchases property market slowing…[Read more]

millions wrote:
Hi Mathew,My plans are:- Get a new accountant, (i've got a couple in mind) before I do anything discuss my goals with them – unless they hold a financial services licence or a real estate licence they can only advise on tax issues – get the full picture not just tax– No share purchases, offload the piddly amount of shares I…[Read more]

HiLike anything, TV, Newspapers, Get Rich Quick books (makes the author rich anyway), seminars, Uni, even paid for advice – if you haven't got the ability to think and decipher the information and turn it into useful knowledge you are lost from the start.Everyone in this world has vested interests. The one common rule is "people don't know what…[Read more]