PropertyInvesting.com | ekghmg | Activity https://www.propertyinvesting.com/members/ekghmg/activity/ Activity feed for ekghmg. Tue, 14 Apr 2026 19:22:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d8d9b35c0c8e76b95390de5802855ab9 ekghmg replied to the topic Interest Rates for trust setups in the forum Finance https://www.propertyinvesting.com/topic/4405977-interest-rates-for-trust-setups/#post-4664547 Fri, 09 Mar 2012 12:37:09 +0000 I am with CBA with corporate trustee. Rate = same as my personal discounted rate. Might depend on the venture you are trying to fund, ie developments etc ‘may’ fall into business lending which will have a different rate.

It was challenging to get it all set up, but I went through a broker so wasn’t really my challenge, I just heard all the…[Read more]

]]> fda2dc04ed159df75b6dfb14b3377b91 ekghmg replied to the topic Relocating homes in Victoria in the forum Value Adding https://www.propertyinvesting.com/topic/4405262-relocating-homes-in-victoria/#post-4659329 Fri, 25 Nov 2011 10:36:41 +0000 Thanks, can you also find out how much additional work he has to perform once it is there (ie what the company is not doing)

Thanks – Eamon

]]> d2fd9e46085a67691b2b72c8292ccb60 ekghmg replied to the topic Unexpired interest in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394503-unexpired-interest/#post-4594584 Mon, 24 Oct 2011 06:01:21 +0000 Have a chat with your accountant, but you may find that sub a thing could be treated as a asset as it is essentially a future income tax benefit, ie depending on how you accounted for the car some of the interest may be claimable as a deduction against your tax.

Too many variables to give a categoric answer so best to confirm with your accoutant…[Read more]

]]> 4e65ae5433f4b897b9234372794368fb ekghmg replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/3/#post-4652564 Sun, 31 Jul 2011 21:31:07 +0000 Hi all,

This has been a great thread. The only query I have and would like to understand relating to Nathan’s post is, when you go and draw back on the equity and take your original capital back, mathematically the property is no longer a positive Cashflow property, ie income = 15,000 (300×50 weeks) and just finance cost is 15,120 (240,000 x…[Read more]

]]> 657a0021392c916dd0260a02e3191be5 ekghmg replied to the topic Which Myob Package in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404014-which-myob-package/#post-4650338 Sun, 26 Jun 2011 07:58:48 +0000 I personally use myob business basics for my private finances (potentially overkill) and my trust with corporate trustee. I have not gone too deep into the standard reports and prefer to dump the trial balance to a spreadsheet/pivot table style management reporting tool I created when I was working for a company that didn’t have very advanced…[Read more]

]]> 21145f290ac4331805b55aa509e452b7 ekghmg replied to the topic What lvr for 1st IP in discretionary trust in the forum Finance https://www.propertyinvesting.com/topic/4403135-what-lvr-for-1st-ip-in-discretionary-trust/#post-4644048 Thu, 24 Mar 2011 02:22:54 +0000 Thanks Richard,I have set up a standard interest only loan in the name of the corporate trustee secured against one of my other properties (in my own name) effectively accessing the equity built up in that property.  I have been stung with a negligible  "vetting fee" from CBA to review my off the shelf deeds, a bit annoying but I am getting the s…[Read more]

]]> 1e5ec0ff96ffafe843f896655c7f1e32 ekghmg replied to the topic Tax deductibility of debt moving into a family trust in the forum Finance https://www.propertyinvesting.com/topic/4401326-tax-deductibility-of-debt-moving-into-a-family-trust/#post-4632646 Wed, 29 Sep 2010 03:12:12 +0000 Thanks for your comments – it has certainly added some food for thought.

Cheers – EKG

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