Forum Replies Created
The best way to manage your properties is purely by the numbers. Ie a system that allows you to quickly look at your portfolio and decide whether it is affordable or not to have an agent take care of the nitty gritty for you.
I have an excel based "property analysis sheet" that I have found to be an excellent "system" to manage my properties.
You are welcome to use it if you wish.Drop me a mail if you wish me to send it to you
Hi Timbo
It is possible to turn your current place of living into an investment property, Without selling it.
The problem with buying another house now as an investment property is that most people do not know how to measure the 18 variables there are in any investment property. (interest, inflation, cap growth, rates, vacancy rate etc etc) Most people make there purchasing decision based on emotion and get burnt in the process when the interest rates go up or there is a downturn in the market.
My suggestion would be to get into contact with a man I have come to know over the last couple of years. He used what he has trademarked as "formula for riches" to build a huge multi million dollar property empire and has completed his masters thesis on "residential property as an investment instrument" He also managed to buy 48 properties in 90 days without having to finance any or use any of his own money. You will be able to purchase his property investing course (comes with 6 dvd's and software that makes any property purchase decision a breeze.)
Regarding your "trust" or similar vehicle. The way to do that is to set up a trust (very nb to get the original trust document drawn up correctly, as mistakes are hard to correct later) and "sell" your existing house to the trust vehicle by means of a "credit loan account" in this way the trust then owes you the value of the house, the "loan" you have given to the trust is then repaid via rental income or any other income the trust accrues.A Trust is an extremely efficient and legal way to "conduit" money for tax advantages. One thing I would point out. If you and your partner are the only directors of the trust, the trust will NOT afford you any tax advantages. In order for the trust to work effectively you must be deemed NOT to have absolute control over the assets of the trust. One way to get around this is to appoint an independent trustee, Always remember if you place assets in a trust, they do not form part of your estate and asset base, they belong to the trust.
If you want to get your hands on these great property investing techniques, drop us a return post and i'll send you in the right direction.
Good luck
