Total Members: 158,520

fjficm

  • fjficm replied to the topic To those of you who have more than one IP in the forum General Property 17 years, 10 months ago

    Currently 10
    LVR 42%
    LVR about 25% by mid next year
    or more properties

    thanks

  • fjficm replied to the topic rental difficulty in the forum Help Needed! 18 years, 8 months ago

    lol lifeX

    i will burn it down

    and thx, i believe no tennant better than a bad one cos i rejectd 2 already cos they were dodgy

  • fjficm replied to the topic rental difficulty in the forum Help Needed! 18 years, 8 months ago

    so lifeX
    wheres your IPs
    i agree no tennant is better than bad cos i rejected 2 when they were on black list
    so i wish you the best also
    PM me with stuff and maybe we can chat

    thx
    max

  • fjficm replied to the topic Profile – Perth Couple $4M+ in properties in the forum No Subject 18 years, 9 months ago

    they are living by the skin of their teeth i reckon
    why would want to have a tax bracket @$0
    this makes no sense
    thy are not earning enough in general to optimise the full tax deductions
    i think the strategy to buy when you can negative gear at the top tax bracket would be more reeasonable
    i mean they earn only 70K but overall had to refinace to…[Read more]

  • fjficm replied to the topic RIVKIN DEAD in the forum No Subject 19 years ago

    im glad hes dead

  • fjficm replied to the topic SMH Article on Wrapper in the forum Creative Investing 19 years, 5 months ago

    jeez felicity

    you’re good
    got every angle covered
    better start your own wrap pack
    i’ll buy it
    anyone else?

  • fjficm replied to the topic SMH Article on Wrapper in the forum Creative Investing 19 years, 5 months ago

    its a hard one

    on one hand they are suppose to be adults and if they sign on the doted line it is assumed that their mature mind and intelligence would have already considered the worse case scenario if they default on their repayments

    on the other hand, it is easy to want a house of your own – a basic need that although you know that the worst…[Read more]

  • fjficm replied to the topic how Redfern will be reborn? in the forum General Property 19 years, 5 months ago

    hi

    robert,

    there is fighting for your rights and there is also fighting for your “rights”.

    i mean, in a potentially volatile situation like that where you have frustrated individuals whether it is criminals or professionals, i think it is better to step aside. its nothing to do with being a coward but smart. there are potentially a lot of…[Read more]

  • fjficm replied to the topic Using 1 subaccount for all props in the forum No Subject 19 years, 11 months ago

    yes terry

    i was thinking like apportioning the interest at the end of FY according to initial purchase price eg 15% for 1st house 10% 2nd 3rd 20% etc. this i thought will be easier for my accountant given that he inly has one figure and we can apportion it accordingly as above.

    anyone does this?

  • fjficm replied to the topic Getting a bank valuation figure.. in the forum Help Needed! 19 years, 11 months ago

    Yeah f#&( CBA

    Theyre (u#+$

    Go to Evellyn Crawford of Crawford mortgages Melton. Shes good and was the only saving grace in my deals with the banks

  • fjficm replied to the topic Go West……….. of Victoria in the forum General Property 19 years, 11 months ago

    as usual mel ur spot on

    meltons got a good stats for the future and i plan to kep for a long long time and i know even if it drops a little now(cant really drop to less than 156k) in the long run it will be ok

    i can pay off mortgage, rent support is good bout 50 bucks a month on interest

    pay this off in 2-3 years easy then sit sit sit

    im…[Read more]

  • fjficm replied to the topic #$!!$# API!!! in the forum General Property 19 years, 11 months ago

    hi all

    i bought this months API also but i think its extremely inaccurate

    i have quite a few properties and they have all been evaluated by REA and they all come to the same agreement.

    dont you agree that most median prices of rent are overinflated?

    especially for country and suburban areas

    rent yields hasnt increased that much but i think…[Read more]

  • fjficm replied to the topic Taxman targets property profits in the forum General Property 19 years, 12 months ago

    thats why “at aussie, we’ll save you”

    roflmfao[thumbsupanim]
    aussie oi oi oi

    well said mayyytee

    i agree we live in a great country
    i was born overseas in a country with a system totally unlike the one here
    social consequences are obvious
    im ok with incremental bracket tax although it is too high imho
    im not upset by this because i know although…[Read more]

  • fjficm replied to the topic Go West……….. of Victoria in the forum General Property 19 years, 12 months ago

    hi lamsie,

    [blush2]
    im really sorry if you thought that was my opinion of melton. No it is not.
    I mentioned this area to my friends and thats what they said and so does a few REA in werribee.
    Comments like, geez their markets overblown, ferals selling to ferals etc.
    Sorry; not to recriminate myself again but that is what other people have said,…[Read more]

  • fjficm replied to the topic Trust, company and tax in the forum General Property 19 years, 12 months ago

    oh man

    thx terry

    its a pain in the butt, i best to simplify my assets and income separateley

    too complicated

  • fjficm replied to the topic Trust, company and tax in the forum General Property 19 years, 12 months ago

    oh btw mel

    re Q3

    same trust setup

    my salary non-PAYG goes into trust

    end of year, instead of paying the company, i just pay a bennie who is not earning etc . and get taxed at their rate and i get money back from them, is this kosher?

  • fjficm replied to the topic Trust, company and tax in the forum General Property 19 years, 12 months ago

    thx mel for the reply

    i think alot of people will benefit from this

    thx for your time and resources

    yes im in melbourne and i will call dale

    im reasonably clear now about what i want

    yeah i calculated, even at my tax bracket compared to company flat rate of 30% it is not really worth the trouble until your income is about 100K+ cos it will…[Read more]

  • fjficm replied to the topic Trust, company and tax in the forum General Property 19 years, 12 months ago

    Sry guys

    I shall make myself clearer

    Appointer – Me

    Trustee – let’s say fjficm pty ltd

    beneficiaries – family

    Q1.
    If i have maxed out my family beneficiaries, can i actually include fjficm pty ltd (ie. the trustee os a beneficiary also so that i can be taxed @30%) or will i have to set up another company as a separate beneficiary for eg fracp…[Read more]

  • fjficm replied to the topic Trust, company and tax in the forum General Property 19 years, 12 months ago

    thx mel

    ok heres my understanding and questions and pls correct me if im wrong

    Appointer – me

    Trust – (me) Pty Ltd

    Bennies – mum, sis and ?can it be me or (me)Pty Ltd ie can (me) pty ltd be be both a trustee and beneficiary or will i have to make another company of a different name?

    setup hybrid discretionary – so i can negative gear – ?still…[Read more]

  • fjficm replied to the topic Trust, company and tax in the forum General Property 20 years ago

    thx terry,

    just to test my understanding

    so if at the end of the tax year i have 50K total

    i have to look at my poential beneficiaries and see if i can offset enough tax.

    cos if i have only a couple, i might be better off to give the 50K to the company ive setup and get taxed at 30% earned income and then distribute it to myself(ie without the…[Read more]

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