Hi,

You are right it is not necassarily a simple answer, but at least you are asking the right ones!

If you were planning on only owning 1 or 2 PI’s then I would suggest it would not be worth your time setting up a company, as there are other substantial on-going and upfront costs involved.
Depending on your marginal tax rate it may even be…[Read more]

Hi,

I’m a little confused by your opening line:

“I have just set up a family trust as trustee for a real estate investing company.”

I think you mean you have setup a company and appointed it to act as a trustee for the family trust, as this is the way it would normally work.

If as you say this is the way you have chosen to set it up, would you…[Read more]

Terry,

Please somebody correct me if I am wrong, but I believe that legally there is no requirement to disclose loans that you have personally guarranteed. At least through a company/trust strucutre.
i.e. if you were doing a statement of position (asset & liabilities = net worth), you do not include any loans that you have become a guarrantee…[Read more]

Hi Soma,

Alarm bells are ringing here for me!! I don’t want to be negative but some friendly advice – I would be very careful if I were you writing your own contracts. It might be the cheap option (I entertained a similiar idea some time ago) but at the end of the day, I would strongly suggest that you need to at least have a lawyer have a good…[Read more]

Hi Bev,

Unfortunately this scenario is all too common, and that makes me mad. I believe this is based on most financial service providors only ever recommending (or showing you) the products that they will be making the most money from, rather than the ones that best suit you and your objectives. They hide most of the products that are suitable…[Read more]

Hi Fireman,

My advice to you when you are puting a budget together (regardless of what method you use) is keep it simple!! Don’t make it any harder than it absolutely has to be. Because this is a very necassary foundation for your wealth creation it’s important that it takes as little effort as possible so that you are not discouraged from doing…[Read more]

Betty,

Email me: timwilson@andersonmorgan.com.au
or
phone: 0429 655 630

We can talk it through.

Regards & Thanks,

Tim Wilson.

Mate,

Steve was actually refering to you – his newsletter used a computed field which looked up your name and inserted it from his database.

i.e. everyone would have seen thier own name there

Pretty clever hey!!

Regards,

Tim.

“Poverty is not an option”

Just had another thought – and probably a better one –

You could always do a joint venture with someone who operates in Australia while you are in the US – become a money partner- i.e you provide the finance, they do the leg work. And you split the profit. Work it how you want but it could be an option, if you wanted to get started straight…[Read more]

Hi,

You say you are going to return to Aus in the next few years.
Why not just hang fire, save like crazy while you are in the US, invest what you save in something that will keep up with inflation – then when you return to good old Australia, you should have plenty to keep you going, and hit the ground running.

I guess it depends how you want…[Read more]

Hi Michael,

I am pretty sure that there has been prior discussions on this topic, not that long ago – so you might like to do a search for past posts.

How are things going down there in Hobart?

Regards,

Tim Wilson.

“Poverty is not an option”

Hi,

The following points are important when wanting to make sure you will be able to continue to secure finance.

– You are purchasing your properties in an appropriate structure (i.e company / trust setup).

– The properties you buy must be positive cash flow from day one – puting money in to your pocket rather than taking it out.

– You are…[Read more]

This link might also be of some use to you as it is a related discussion which took place on this forum earlier – https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=42

Regards,

Tim Wilson.

“Poverty is not an option”

Hi Dan260,

I have often struggled with this question – and I think in general terms the answer is – it depends on your particuliar cercumstances.

Up until now I have always lived with my parents – so it’s not been such an issue – however I have recently been forced to move out, and was presented with the option of renting or buying. For me, the…[Read more]

Hi Rachel,

All the questions are no problem.

Don’t quote me on this but I believe in Queensland (as with Tasmania) you have to wait 12 months before the government will pay the FHOG under an Installment Sales contract.

As for the avenue to receive the FHOG – You can down load an application form from the internet (not sure of the address, but…[Read more]

Hi Rachel,

Just a word of warning – be careful with providing your clients with a list of lawyers, as this can be seen as influencing your client in thier decision making process. A general list of lawyers would probably be OK, but don’t encourage them towards any one specific one.

It’s a grey area, but I believe it is better to be safe than…[Read more]

Hi,

You have a valid question. In fact we even advise all of our clients that they would be better off getting a conventional bank loan if they can (due to additional interest), and we would actually prefer they did, as it is in thier best interest – but You have to remember that a wrap (vendor terms contract) is just one form of property…[Read more]

Hi SG,

A good place to start would be: https://www.propertyinvesting.com/files/content.asp?cid=wrapintro

Secondly if you have not already done so, sign up for Steve’s free report (button on the menu). This might also explain a little further.

Hope this helps.

Regards,

Tim Wilson.

“Poverty is not an option”

Hi,

So where in Tassie are you from? Send me an email, maybe we could catch up?

suretech@ozemail.com.au

Regards,

Tim Wilson

“Poverty is not an option”

I’ve been, and I’ve seen!! You guys will love it! When I read your post I was wishing I could go again

Just make sure you don’t walk away without taking action! There are so many “opportunities” out there!

Regards,

Tim Wilson.

“Poverty is not an option”