Awesome Q!
I have been wondering that same thing myself read myself silly but most books start off by assuming the reader has one or more proprties. Having some equity in those, etc. My way into it was to use Mortgage insurance (ouch – expensive way) and the FHOG (love these Abrevs don’t know what most of them mean as yet but I’m working on it!…[Read more]

Morning all,
just re-read the original post by Marc1 and noticed that you offered ALL your duaghters a 25% share in an earlier investment. She (or her hubby) turned you down then, would they turn you down now! Especially if you outlined what they missed out on. This way you are just repeating what you did earlier, even if you only offer it to the…[Read more]

Glen,
the bank says you no longer have’serviceability’.
This generally means your LVR may well be fine but you don’t have sufficient Cashflow (income) to service (=pay for) any more lending. Unless you can come up with more income you can’t go any further with that lender!
Maybe a new Mortgagebroker can help as suggested above, but it’s up to you…[Read more]

Hi all,
just some things that I can’t relate to in regards to Trusts:
1. My family had a Pty Ltd as trustee for a Family Trust set-up in WA. This, I believe was a Tax effective set up, mainly and protective as secondary;
2. As Trustee you can be sued but NOT for the TRUSTS ASSETS;
3. All beneficiaries can have profits distributed to, BUT be…[Read more]

Hi
please forgive my eagerness to express my oppinion, but what went wrong with this partiular daughter that the others all have their own IPs and she doesn’t?
I ask because I just finished reading “the Richest man in Babylon” and it spoke of a spear maker that received 50 gold coins from the King – a gift. His sister, too wanted to borrow the…[Read more]

Hi I’m new and wish I had your problem! To repeat what I have been told at a seminar, where the present too had this problem, he diversified the owners. As in, one for himself, one for his wife/partner, one for the family trust and one for the company he owns (or one for each of the companies he owns), etc…..
It was also mentioned to utiles more…[Read more]

[blink]
being new results in me being confused at times, so bear with me, please. The extra 2.25% is payable when you sell only?! So if you’re stategy is to buy and hold you’d be peachy-hunky-doory?! And the resulting pre-sale to avoid the tax would mean you would benefit by being able to push for better prices, right?! So, as long as you don’t…[Read more]

soooo riddles is it?
try this one:
“A cowboy rides into town on Friday, stays three days then rides out on Friday”
How is it so?

C@34

morning DAAJ,
I usually go thru the Valuer Generals Office (in WA that’s $7.70/property) for the age. Poles are usually listed in the Shire/Town Council aor the Main Roads Dept. Try those for size, but I still reckon nothing beats a trip in the car. I must admit that I do live in a Country Mining Twon and nothing is more than 20 mi.…[Read more]

Unfortunate mistache 4 sure! I have been fortunate that my parents have always had this ‘thing’ about money. To quote my dad:”Son, where money starts, friendship/family stops”. In other wordsdon’t do what you just did (sorry for the ‘I told you so’). It may go weel one time and possibly the next, but it realy depends on the character of your…[Read more]

Hi there all
friends of mine had their 3 properties (2 IP & their home) evaluated and they came very very short (mining town with wild fluctating prices), but because of their existing loan contract the bank couldn’t do anything to them (charge extra $$ or the like). So, if time is of the escence, you need to weigh up the costs to you and your…[Read more]

Thanx Derek,
that’ll help. I will make enquiries with him. How about a solicitor? Any ideas, used one of late?

Cheers
Elmar