I’m sorry for what has happened. Your posts mean a lot of people like me starting out.

It’s human to feel hard done by, I can’t begin to think for a moment if it happens to me and what I would do. Maybe it’s time to move forward and know there will be support if you look at the right places.

Chin up.

CT

Your in the right place.

Look up the people in that line of business in Finance, Accounting and Legal forum threads and PM or email them. It’s a first point of contact, then seek SA referals. Be a little specific and ask away.

Good luck.

CT

Can this be done? Sorry to sound stupid indeed.

ATO would ask if it is at all an arm’s length transaction – the ‘buying & selling’ within related parties (trustee, director of co, and individual all tangled up) to gain what seems to be a tax minimisation scheme.

I would do it if I can sleep at night.[worried]

CT

I agree with David.

Gross before salary sarifice amount should be amount to determine the 9% SGC. Otherwise you’re shortchanged. Check contract signed if you have one.

CT

Thanks heaps Terryw.

I read something along that line in Smart Investor mag, this gives me some confidence to ask the right questions when I (and spouse) meet with the accountant for drawing up a plan to accommdate the investment. Boy! It’s definitely a steep learning curve for me.

I’m in Victoria and have looked at banks, brokers, and the…[Read more]

Hi all

I’m in the process of getting the structure and finance right. I’ve made an appointment with accountant, atm there is mix info from this thread.

From what I know, a discretionary trust quarantines losses for negatively geared IPs until such time that trust makes profit again. So it does not help most people creating wealth through…[Read more]

Hey Dare, I think heard this one before. It goes something like this – you signed up a No Doc Interest Only loan AND pay only a portion of interest and capitalised the remainder of interest to a later date.

That is to say, the method rely on deferring the payment of interest to a later date. Imagine rolling interest on interest; and thus…[Read more]

Interesting thread, Dazz.

I’m a mum of 3 kids under 15yo and a schnauzer I love to have on board with the family. Also, I won’t have my mum home alone on the weekend. So, in 1999, we bought a near new 98 Chrysler Grand Voyager LE. It’s a comfortable taxi, but I hate the thought of parting with it for something less thirsty and burn $$ off our…[Read more]

I know how you feel, islandgirl. I’ve done most what newbies do to arm themselves with knowledge.

I felt my foundation shaken, as most would like to believe Positive Cashflow Properties motivation and its worth in gold. Then, along came others with their refined researches and due diligence proved building wealth is a personal thing (with their…[Read more]

So.. CATA, for the first time investor trying to get it right, to create a portfolio later; does it mean that using a trust is basically for asset protection and income distribution.? The catch is to justify the initial high setup and running costs, not to mention insurance for income protection and higher finance fee etc..

Can you tell me if…[Read more]

I’m sorry to say you’ve just been sucked in by the unscrupulous writer that twisted the fact to create sensation to tarnish Jenman. Do trace the original article about Jenman and read it before you jump into conclusion.

CT

Been to one seminar by Investor Direct a few weeks ago, would it be the one you mentioned, Coopranos?

I found the Residex information insightful; but the finance strategy very high risk, especially for the new investors. Therefore, it somehow tarred the image of Metropole for me personally (they referred me to Investor Direct).

So, I’m as much…[Read more]

I quess I’ll reply as no one can offer insight.

I’ve since found a reputable lawyer (Skrine Malaysia) myself through the web. He is as thorough as it gets. It has been the best slept few nights I had since he was able to answer all concerns I have in the deal.

Btw, I was told only to use the buyer’s lawyer when the transfer of title invoves…[Read more]

Losing the plot for some that have the urge to plunge into action, for fear of missing out, without doing the full diligence on risks vs. returns. Some marketers touting the ‘armchair developer’ method is the way to go; who are they kidding??

Generally speaking you may be right, but the astute investors aren’t the herd, they will no doubt stand…[Read more]

chookie, your answers lie in the replies so far.

Don’t forget to check out the line of credit that can really last the distance in terms of investment financing. Some LOC have the option of splitting the loan to meet your purpose, PPOR or IP. There is no need to refinance every time you find a new property to add to portfolio.

Just have to do…[Read more]

Well said BeauMonde.

Steve, I admire your commitment. I read with interest people generouly sharing their experiences in reaching for financial freedom from a reputable website. Add a freedom of speech with a dose of due diligence make it so potent.

Only regret not finding it sooner. So, thank you for making the learning process smoother with…[Read more]

I once sold my ppor with MPRE (exclusive listing); the agent also brought other MPRE agents (about 10 of them) in the region through the house initially so that they’re familiar and able to deal on my behalf.

The house was sold within 4 weeks in a down market. They were terrific in negotiation and have thorough research data on comparables. I…[Read more]

Hi HC

I suspect he read your reply and said the same to me. To that, I’m happy to obliged.

Thanks again.[inlove]

CT

Hey Gross

You’ve got progress and congratulations.

I’m a newy and would love to hear your experience; I’d like to know if you could share the idea of ‘tax haven’ and if tax rulings are required to ensure it stays that way.

Also, if you are pioneering this type of lending overseas. Do you use any research data for this venture?

Cheers
CT

Hi impatient

Ditto Amanda. But, it’s not impossible; the question is – are you both on the same page when it comes to common goal and strategies to achieve it. Having a team of expert along your side would be advantageous too.

CT