Hi dntstran

Where do you live?

If in Sydney you can use Patricia Holdings http://www.patricia.com.au

The cost is $297.00 to setup the trust. If you want to setup a company as well, the cost of a standard company is $1020.50.

WHJ

With areas like Picton etc, you will not find “cheapies” as such, it will cost you $200-$300k for starters.

But I agree it really is a good area for capital growth.

WHJ

Thanks Nessie,

I have been sitting here, working out how I want to structure everything and that was one thing I could not find an answer for.

WHJ

I have a friend who is a real estate agent in country NSW and has been telling me exactly the same thing, people are ringing up asking the expected rental, size of the block and confirming the asking price, then making an offer.

She can not believe they are not even interested in inspecting the property, it is all on the figures. I guess a few…[Read more]

Hi Matthew

In NSW we cannot use “and or nominee” when purchasing purchasing property.

If the property is purchased in the name of the company and the trust has not been setup at the date of signing the Contract for Sale, the trust can not be added into the structure later.

So, in the contact for sale if the trust has not been setup the…[Read more]

Hi Little Mermaid

In NSW you can not use “and/or nominee”, so the name you put on the Contract for Sale can not be changed.

So if you purchase the IP in the companies name you can not add the words “as trustee for …..” after the company, it cannot be owned within the trust structure.

However is Qld, (I think) you can. So, you should purchase…[Read more]

Hi Anthony

Of you want some real general information in an easy to read book NE Renton has written a couple of books on trust.

I have read “Family Trusts”, which did have some useful information.

WHJ

Hi Aqua

The site for Warren Borsje is http://www.new-world-education.com.

There was a Discussion on this forum at while ago and the link is https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=339 It might be worth you having a read

Good luck

WHJ

Hi DJ

Most banks will offer a discount, however it does come down to your negotiation skills.

Don’t take an internet site or what you are told by a telephone banker as finality, that information is just the banks standard policy.

If you have a personal banker, talk to them – they understand there is less “risk” for them having 12 months of…[Read more]

Hi Sebastian

I do know a really nice lady from Perth who is a broker, I will email her to contact you.

Good luck

WHJ

Hi Willi

This is what I think, I’m not a solicitor and if I am wrong please someone let me know, but from my understanding, you can not undertake to or sign any agreement on residential property that you do not own.

I really dont think you could get a solicitor to draw up that sort of a contract even if it falls outside the constraints of…[Read more]

Hi Joner,

I am going to be settling on a unit in Neutral Bay in about 6 weeks, and I will be painting, putting in a new bathroom and kitchen and recarpeting.

I don’t know that I have much expertise to offer, I just get in there and do it.

If you want to email me on [email protected] and we can maybe get together and chat about it

If you are…[Read more]