No problems Pynecone.
You’ll have to let us know if the info works. Always looking for new information to expand my knowledge. Hope it goes well.

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Hey Pynecone,
why don’t you throw some of the options up here on the site so we could all look at what you suggest. Have you got any real deals that you have done that could encourage us all ?
Look forward to your reply …

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at…[Read more]

Hey Wellyboot,
Welcome to the forum …or as Bruce says….PI.com []

Just a thought as to what you guys shoulg set up… It really depends on the situation and the money split. You should speak to a solicitor to consider the four main approaches.
1. Form a company.
2. Set up a Unit Trust.
3. Do a Joint Venture.
4. Form a partnership.

All of…[Read more]

Hey Harryson and Scott,

This is a tricky one because it could be different for everyone in their situation. It really is worth checking with a professional so you get the best and most suitable set up for you.

I personally use a Family trust with a corporate trustee (company) and have myself and family as beneficiaries. I am the sole director of…[Read more]

By the way David is the guy I quoted from…..

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Hey 6×1,
I am both of those and I purchase through a structure to minimise the tax and maximise the protection. Even if I had to pay max tax…..I’m still making money.

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Tails,
How long have you been investing ?

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Check itout with an Accountant but as I understand it…..Dates run from contract date (signing) to settlment therefore you would have a areduced tax bill….well done …hopefully. Realise though I am not an accountant. Steve ??

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at…[Read more]

Here are some real numbers I did on a deal I completed last month.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=684
Hope this helps.

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Well this topic seems to have stirred the pot. I may be one of those naive people you care to talk of Ireland but I am happy. Like Mike I haven’t seen any of those people you are talking about but hey maybe they are all waiting to evolve.

I guess what disturbs me most is that you wish to criticise but in a negative manner. You have your opinion…[Read more]

I use Dale Gatherum-goss in Melbourne. It’s worth the travel from Brisbane for me.
check out http://www.gatherumgoss.com

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

No problemo YG. Always glad to help. I know exactly what you mean by worrying about posting. I felt the same way and still do feel the same way on many occasions.

Enjoy
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“A successful person is one who can lay a firm foundation with the bricks that others throw at him.”
-David Brink

Guess it depends on what you want to achieve 6×1.
If you want to retire sooner will the -ve geared help or hinder. You may want to only go for positive geared to replace income or use -ve geared as a growth strategy to pay down debt later.
Answer is it depends on what you set out to achieve. The joy of this game is there are no rules except to…[Read more]

Hey Gun.[]
To me yield is the amount of return that you recieve for your investment. I always think of it in Farmers terms. If the farmer plants a crop he either has a high or low yield when it comes to harvesting time. this yield is merely how much the farmer gets back for his initial ivestment of time and seeds.
For us yield is how much we get…[Read more]

Hey tails,
Hope you don’t feel like people are having a shot at you as everybody seems to be trying to share their opinion (which is only their opinion). Yes it is their opinion and may not be right for you. Your dad sounds like a very smart cookie and I wish I had a role model like that. You have such a great example to follow and I’m guessing…[Read more]

Hey Spring,
Welcome to the Forum. Hope your stay is long. It is excellent to see new faces all the time who are keen to ask questions….. As a bit of an aside there is heaps of stuff tucked away here it just requires a bit of time to read back or search topics. I think there will be pieces you will enjoy.
As to the valuation take…. I would…[Read more]

One accountant who was at the Property Masters Seminars was Paul Harper. He seemed to be very good and a nice guy to boot (Melbourne based). I personally use Dale Gatherum-Goss (also Melbourne) he is excellent and writes for API Magazine. Nice guy too.
Hope this helps

Enjoy
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“A successful person is one who can lay a firm foundation…[Read more]

While not a strong believer in Mr Elliot’s wave….. or mr Gann for that matter….. I think there is a wave effect in property prices when a boom occurs…there is usually a common focal point as a learned friend once explained to me that always seems to be the starting point for the next boom. In sydney some feel it is the Eastern Suburbs. They…[Read more]

Awesome angie…..that is great news. The key though is to advertise the bonus and the rent just happens. Rmemebr to cover yourself cost wise as I think you will be pleasently surprised. Nice big sign in the front yard with the bonus…..Be interested to see how it goes.

Enjoy
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“A successful person is one who can lay a firm foundation…[Read more]

Hey Angie,
Why don’t you offer free movie tickets (book of 10) or free gym membership. Maybe a voucher to the local bottle shop or video store…. Try adding some value that isn’t property related as a bonus move in gift. It may get people interested if you put a sign up in the front yard with your offer on it….I have no doubt that you will be…[Read more]