Pisces,

Of course I mean others…
We set up our trusts, for asset protection only.[]

I love paying tax! [:o)]

Del

Hi ctl,

I have only just finished answering a private message to another forumite on exactly the same question!!
I am happy to answer here for all to read. Please bear in mind that I’m not an accountant (farmer) and I suggest you get your own professional advice on this.

We have 2 trusts for IP’s. One for Aust, and one for NZ. They help us…[Read more]

Hi Leo,

I agree with Leigh.

We have a trust and I think it will always be more beneficial to have one, than not to have one.

All the politicians, and big wigs at the ATO have trusts, so I don’t think they will target them too much. It’s a bit like negative gearing I think – scare tactics.

BTW – I would say that all trusts are set up for tax…[Read more]

Hi Elwood,

Well, you have certainly got lots of peoples “opinions” on what is best for you…….

I’m sure you are probably more confused now than ever.[8]

All I can add, is to read each post, and then make up your own decision, by doing your own research. Don’t let people TELL you what to do.

Good luck,

Del

Hi Elwood,

Welcome to the forum…[]

Probably my biggest regret was that when we started, (exactly 12 months ago), we didn’t really forsee ourselves owning lots of property, even though that was our goal.

At first, we bought 3 properties in our own names, and then realised that “we can do this” and then we set up our Trust Structure.

I would…[Read more]

Hi Denise,

We have set up a trust structure for NZ.

There are lots of COMPLEX tax issues, and so I would advise you to seek good PROFESSIONAL ADVICE from an accountant or solicitor in NZ.

Nobody here can really answer your question, as we don’t know enough about your sitution.

If I were you, I’d probably consider becoming a resident of NZ…[Read more]

Pisces,

YOU ARE RIGHT! [:o)]

One of the questions TODAY TONIGHT asked me in my interview, which wasn’t aired, was “what is the best thing that the MAP program has given you”?

My answer was “CONFIDENCE” – Confidence to believe in myself, and to deal with RE Agents etc.

Steve doesn’t stand up in front of the group. He did for the first one, but…[Read more]

Hi funny Bear, [:o)]

That’s an easy one….

EVERYWHERE !!!

Del [^]

Hi Steve,

Westan has had fantastic success in NZ (and in Victoria). He deserves a lot of respect and praise for getting out there and doing it. [:o)]

I have a few prop’s in Vic, and I have 8 prop’s in NZ so far, (19 tenants all up) and I will look for more soon in NZ.

I would recommend to anyone looking to invest in NZ to go there and check it…[Read more]

Yes,

I’m with Westan on this one..

Anyone who can stay calm & patient, and not be SCREAMING THEIR HEADS OFF at some of the kids at school these days deserves every cent we can give em.[8]

I am a nervous wreck just getting my 2 angels (prep & grade 1) ready for school in the morning!![xx(]

I think they work pretty hard for their money.

I don’t…[Read more]

Hi Bron,

Thanks for your nice words…OK, speech time!!????

The two most valuable things that I’ve learned from the forum…um here goes – remember you asked for it! []

1. People are at all different levels in their investing career, but they are all appreciative of a bit of moral support and encouragement. I never try to critisize others as…[Read more]

Thanks SIS & Muppet,

But it took me one year and ONE DAY to to it!!

I could never talk as much as you guys…

Must be a boy thing. Oh, sorry Melbear…[]

Del [:p]

[][:X][]

Oh, now I’m blushing….

Thanks Westan and everyone,

Del

Hi Leigh-An,

Welcome to the family…

I’ll try to explain one way you can purchase with no money down.

Just say you buy a house for: $100,000
The required 20% deposit is: $20,000
The remaining loan amount is $80,000

The vendor leaves $20,000 in the deal, meaning that you borrow the remaining $80,000 from the bank as normal, and usually you…[Read more]

Oh,

Thanks everyone….[]

You’re too kind!

Have a wonderful day everyone.

Del []

Hi Steve,

I’m off to Fiji in a few weeks – YAY!!!!!

I will definately be looking around when I’m there.
I’ve heard there are some great deals there.

Tax deductible trip every year sounds good too!

Del [^]

Congratulations SIS,

Thanks for the time you put in – it’s appreciated.

Del [^]

Hi Melbear,

Congratulations on your efforts.[:o)]

I always enjoy reading your posts,
keep up the great work.[^]

Regards,

Del

Hi Simon,

There are many types of good investment.
Positive cashflow is only one of them.

I guess you need to work out your goals.
– Are you wanting to buy for cashflow?
– Are you wanting to buy for capital gain?
– Are you hoping for a bit of both?

If you are looking at capital gain in the “short term”, then go for it, as long as you can set…[Read more]

Hi Andy,

I am not meaning to be rude when I say this, so please don’t get offended….[]

I would rather earn $100 and pay $50 tax.
The end result means that I am $50 better off than I was before.[:p]

I would not worry about losing the centrelink benefits, because you will be earning lots more than what the payments are anyway.

I’d rather earn…[Read more]