thanks

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

thx
max

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

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]

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]

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?

Theyre (u#+$

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

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]

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]

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]

[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]

thx terry

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

too complicated

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?

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]

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]

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]

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]

im poor at keeping stuff
sometimes i know i paid for stuff but i cant find the receipts
eg after one year i try to get receipts for warranty and i find out its NOT there, so boohoo

so wat happens if i lost my stuff and i get audited, shit especially now with all the props and expenses i have

you’ll probably say clean up get organised etc…[Read more]

yo jo(heheh)

if you got a portfolio account, then you can fix all your interest and pay it that year(ie on other subaccounts) and togethter with the interest for that year

eg total interest for 1 year is 30K

anyone, other ideas to reduce CGT!!!!

+ another 30 or so K = 60K in interest

yeahhhh

thx terry

apart from cute youre smart

yeah, i get it

when i “sell” to parents, i forget that i had to first pay the 200 K CGT first cos this is assumed and eventhough there is no money transferred theorectically

hey kay

5.5-6% yieldis not that heavy negative gearing
first 2 years you might lose 1K after tax
then after is neutral and positive pretty quickly

in area of growth, and props with large land >500-600m2 and BV built <20 years old with 3 bathrooms etc. within 30-40 kms of city and connected to major freeway is…[Read more]

you sound like a girl i would like to meet
ill fight the right to date you with sis
im 30 with a job
my mum is similar to sis’ but not as vocal and tries not to interfere too much cos she knows i know what im doing and have seen my successes

i have a suggestion, why dont we have one of those reality thingy we always see on tv
me and…[Read more]

you’re with CBA arent you
get a good mortgage broker
refinance, revalue another bank

check Evelyn Crawford in Melton – she’s good but now absolutely refuses to deal with CBA after my case, so if you’re with CBA you can try otherwise
ring 97473211

I was in a similar situation a month ago with CBA
i earn 90 -100K and my recent potfolio was valued at 1.075mil 4 rpops in 3 places
they said no to even 60% LOC(i asked via mortgage broker about 3-4 times) and boy was i pissed
so i said stuff you CBA i’m going elsewhere, their products are good but their services…[Read more]

cheers

PS wesan thx for reply and if i have time and means i might take up the offer…[Read more]

Basically, trusts DO NOT protect you entirely or as extensively as the general public might think. Most of us will have ourselves as trustee and family members as beneficiaries; also in a company setup to…[Read more]

my situation is similar
3 guys renting my place in doncaster
$230/wk for the last 5 years
cos they are working boys i felt reluctant to increase rent, let them get a good footing etc.
i know the rent has increased over last 2 years but i held it off for this long
checking out the rent for a 8 room house, its prolly bout 265 – 285/wk
i…[Read more]

don’t be angry its just my opinion

you can look at it both ways

1) im a wrapper and i’m on your side and helping you to get your first property and a roof under your head. If its not too much to ask i will sell it to you for a slightly higher price and a slightly higher interest rate, which i think is quite reasonable. If you agree lets…[Read more]

A common scenario these days are for eg. wrappers like Otten who i believe pretends to have a good intention of helping battlers and when it sort of work ot he exclaims himself as an aussie hero. However, we at the back of our minds…[Read more]

why do people keep refering to today tonite and what they have to say

who cares?

dont wanna be a bigot but erm…. the only people who are featured here are ferals’ boguns, losers and trailer park trashes nb. jerry springer variety specials.

this may include a few of people but hopefully not in this forum.

sorry to mention this but…[Read more]

i agree with sis , yack, henry .

im 30 and have 4 IPs

overall CF+ve 10 K/ yr valued just over 1.1 mil with 500 K owing

intially slightly negative or neutral then paid off more to make it positive.

looking for long term 10-15 years goal

so this is what im comfy with; well located properties within 40-50 K from CBD with potential for…[Read more]

Thanks again westan

Cheers
FJFICM