I’m completely new to property investing. I read Steve’s book after deciding that I wanted to replace my income.
I don’t know if I am doing calculations correctly or even if I am doing the correct calculation. The way I am looking at things, property has increased in value a lot since 0-130 was written.
I’m trying to look at things in…[Read more]
Carr replied to the topic Question about transfering money between personal and trust accounts in the forum Finance 1 year, 2 months ago
I don’t have any financial qualifications so please ask your tax advisor to clarify. My understanding is that the $100k transfer from your personal account to the trust would be identified as a directors loan in the accounting software. In your accounting software, it then ‘sits’ in an account (not a bank account,.. an account set up within your…[Read more]