yes Terry is right, FHOG is not available for purchae under trust structure. you can transfer it to a trust after the 6 months, however, you will have to pay stamp duty for it.

Hi everyone,did the meeting kick off? My husband and I are also interested to join. We also live in hurstville and Meeting in the city will suit us too.We took Dymphna Boholt's ultimate course mid last year and are currently in the process of purchasing our 3rd investment property. The next one we look for will be a baby step in renovation for…[Read more]

Hi Dan,Thanks for the reply. My concern is, how can the ATO or court(if the trust get sued) know that the property is owned by the trust, not the company? As we don't want the company to own anything or do any trade.In the structure the bank setup, it looks like the company is the legal owner of the property, but we want the trust to be the legal…[Read more]

We have some very insightful analysis here!I don't know much about other states, but Sydney is definitely going crazy! The houses in the area we are looking at are being sold at lightning speed. There were 6 new houses listed on realestate.com.au on this Monday, by Wednesday they were all under contract already! We didn't even get a chance to look…[Read more]

We bought a nearly unit in sydney before the market boom, it was a mortgagee in possession because the previous owner bought it brand new at peak of the market, now he can not afford the payment. basically this guy paid at least 100k more than the price we paid and it was negative gear for him.good for us that we got it at a reasonable price an…[Read more]

hi Troy,The first thing is to analyse yourself.A good deal to person A does not necessary mean it is a good deal to person B.The key questions worth thinking are:1, what is your borrowing capacity? if you can only afford a place of 500k, then don't waste time seeing the houses with 1 million pricetag.2, what do you want to achieve over short term…[Read more]

Hi Dan,Thanks a lot for the answers! I am still a bit confused about the depreciation. as depreciation is not a cash expense, how can I benefit from it? Is it only applicable when the house becomes positive gear and offset again the future positive cashflow?Thanks!Vivian

Hi Dan,Thanks a lot for the answers! I am still a bit confused about the depreciation. as depreciation is not a cash expense, how can I benefit from it? Is it only applicable when the house becomes positive gear and offset again the future positive cashflow?Thanks!Vivian