All Topics / Opinionated! / struture for PPOR?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of kenzhangkenzhang
    Member
    @kenzhang
    Join Date: 2004
    Post Count: 18
    March 8, 2004 - 11:40 am

    hello all,

    I’m just wondering if it’s important to properly set up a structure for your PPOR? for example, Steve Mcnight has built a portfolio of +cashflow properties. if he was to buy his PPOR, would he buy it in his name, his wife’s name, their joint name or other specific structures like a trust? what would you guess?

    thanks in advance
    ken

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    March 8, 2004 - 1:05 pm

    Ken, it really depends on how long you intend to keep it as your PPOR, and whether or not you want to sell it.

    If you plan on making it an IP in the future, maybe you should put it in a trust. if you plan on selling it, maybe you should buy it in personal names to keep the CGT exemption.

    Cheers
    Mel

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435
    March 8, 2004 - 4:05 pm

    Ken,

    I would recommend you to read ‘Trust Magic’ by Dale Gatherum-Goss.

    http://www.gatherumgoss.com

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to Frolic Freedom!]

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.