PropertyInvesting.com | dreamteam | Activity https://www.propertyinvesting.com/members/dreamteam/activity/ Activity feed for dreamteam. Wed, 15 Apr 2026 07:13:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2e8c146ff208c7b4f70e60b4aaf6ec47 dreamteam replied to the topic Set up a Family Trust or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401068-set-up-a-family-trust-or-not/#post-4631034 Tue, 07 Sep 2010 02:37:40 +0000 And the disadvantages are:

Cost to set up (say, $1500)
ongoing costs (say $1000 p.a.)
more paperwork & reporting
cannot negative gear ie.offset losses against other income
pay land tax regardless with no tax free threshold

Have I missed anything?

]]> 773d16de74b45ea8f1cbf8dbf820769b dreamteam replied to the topic HELP me fix my cashflow! in the forum Creative Investing https://www.propertyinvesting.com/topic/4401069-help-me-fix-my-cashflow/#post-4631058 Mon, 06 Sep 2010 22:40:30 +0000 Thanks Terry, thanks house call, this is all good advice and I'll investigate the options.  I knew there was a lot more we could be doing.  I'm also thinking that with the equity sitting there and only 50% geared we could purchase some +tive geared IP's to offset the costs on these 2.  Sounds good anyway.

]]> 7b2e2e6cce3a47f9c66be522ac634049 dreamteam replied to the topic Set up a Family Trust or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401068-set-up-a-family-trust-or-not/#post-4631030 Mon, 06 Sep 2010 22:33:54 +0000 Thanks for the clarification Terry.  I am still unsure overall as to whether or not to set up a trust and purchase IP's through it or purchase them as an individual.  Steve McKnight seems to think the former is by far the better option.  Anyway, I'll crunch some numbers and try to work it out.  Thanks for your input.

]]> a002703aaffadf9cd977f72fe97f565a dreamteam replied to the topic Set up a Family Trust or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401068-set-up-a-family-trust-or-not/#post-4631028 Sun, 05 Sep 2010 22:53:58 +0000 Thanks Terry – How do they hinder exactly? 

]]> 2aad9481b8a072fc48a48897b9d8e0ae dreamteam replied to the topic Set up a Family Trust or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401068-set-up-a-family-trust-or-not/#post-4631026 Fri, 03 Sep 2010 22:17:18 +0000 Thanks Terry for your comments.  Yes, the accountant did mention that.  The bit about existing debt levels affecting the ability to borrow via a trust cam straight out of chapter 9 of Steve McKnight's first book '0-130 properties in 3.5 years' page. 175.  Has anyone out there set up a Trust and discovered they could NOT borrow any more than as an…[Read more]

]]> 3058a39cd34010b98e5a9b5c0cb9d0f9 dreamteam replied to the topic HELP me fix my cashflow! in the forum Creative Investing https://www.propertyinvesting.com/topic/4401069-help-me-fix-my-cashflow/#post-4631054 Fri, 03 Sep 2010 04:17:14 +0000 Hi grimnar – thanks I see what you mean.  A very simple little thing that at least frees up some cash flow.  Hi Trent – yes, I have been wondering about that too.  I have this feeling that we could do things waaaay better than we are.  Eg. We are only geared to just under 50% at present with 600K+ in equity.  I crunched the numbers a bit diff…[Read more]

]]> dab81d572c6ccda142c20c2941f72e01 dreamteam replied to the topic HELP me fix my cashflow! in the forum Creative Investing https://www.propertyinvesting.com/topic/4401069-help-me-fix-my-cashflow/#post-4631051 Wed, 01 Sep 2010 06:43:38 +0000 Hi GrimnarYes the flat would pay itself off with a little left over if we moved out and rented it out.  But the other property is heavily negatively geared.  If we didn't have future plans to live there we would be better off investing elsewhere from a cashflow perspective.When you ask about re-financing the flat to offset the amount paying on t…[Read more]

]]> a02f2eabffe6ba87272da2f08d67dd26 dreamteam replied to the topic HELP me fix my cashflow! in the forum Creative Investing https://www.propertyinvesting.com/topic/4401069-help-me-fix-my-cashflow/#post-4631048 Wed, 01 Sep 2010 05:31:11 +0000 Hi Scott1. The current values of the properties are from real estate agents in the last 2 months and if anything may be a little on the low side, and the rent is actual/recent estimate from agent.  So figures are all pretty up to date if not inspiring.We bought these properties 8 and 9 years ago for: Flat in cap city – 290,000House in regional – 4…[Read more]

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