Really simple Terry, I am not a lawyer and do not claim in any way to give any legal advice, as to explain what a trust is, explaining some trust have tax incentives (of which you have to seek accounting advice) or general comments in relation to the fact there are different trusts all falls under general, given advice as to what someone should…[Read more]

To disclose in case it already wasn’t, please seek legal advise obviously for specifics

for myself I feel the above advice is appropriate for me, you should obviously seek legal advise for your own situation as there are many variables, the above is merely an overlying simplification and is not professional advise.

Adam every step you make should serve a purpose,

now for me the only real benefit is you can change a family (discretionary trust) ownership and payments at your own discriection, this is huge value under the right setup and I feel mainly pointless really while building a portfolio.

to be honest why pay for a complex or even simply trust…[Read more]

Adam every step you make should serve a purpose,
now the only real benefit is you can change a family (discretionary trust) ownership and payments at your own wants, this is huge value under the right setup and mainly pointless really while your building a portfolio.

to be honest why pay for a complex or even simply trust structure if it does…[Read more]

Mate Pm me, lets chat

you or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000

But if you own a property your not compliant, its only on the first purchase, did you receive stamp duty waive off your IP?
(to be fair the wording on the NSW website isnt that clear)

Good luck Tinpotdeveloper.

Ethan means the buyer incurs fees on the way in and out, even a guaranteed rent isn’t great. unless you guarantee to buy back at same price or market value.

1.Considering that long term goal is to get capital appreciation, which is a better type of property? An established property or new house and land package? And why?

The Devil is in the detail, its the exact property that mattes more than new or old.

2.Why are suburbs like Padbury, Heathridge, Duncraig and Craigie have negative annual growth…[Read more]

Mate be happy to run through any and all ideas to assist you move forward financially.

PMed you and texted you

Suri sent you a PM if you want to chat,

So you have entered into an agreement and it sounds like they have got planning approval on provisions which is stepping forward.

Call them, clarify every step (to the end goal having the property to produce income)
then workout all associated costs.

call other companies for the same offerings.

find the…[Read more]

Suri,

Really Simple.

contact every builder within a reasonable distance, asking for quotes, some of these may even include these cost (rare but can happen)

Also you have completed pre approved plans? what went through Council exactly?

Vyaw,

loan structures are different (you will generally need 30% plus for put down)
setting leases is more difficult but more lucrative (potentially)
yields are generally higher
Multiple options to get a tenant yes making the price competitive is a must.

have a clear strategy, understand the demographic and have enough CF to survive the time it…[Read more]

Simple answer,

Use it to negotiate but confirm you have a water tight Insurance cover for the building that clearly protects you against that outcome.

Pleasure, any further questions ask away.

Confirm with a quality accountant but any expenses incurred in that financial year, yes you can claim that year even if it covers X period in the future.

Kind regards

Jaxon Avery

If legally you are on a payg as a employee, have been with the company on a similar salary and the business is through some trust structure or your not the sole owner.

then it should comply for you to be assessed as an employee, providing you do not personally have anything you would have to disclose that would decline you from the broker/loan writer.

Ok Purpleboar,

So there are a few different options

1. She sells (Yes incurs CG for sale) unless she lived in it in the last 6 years?
If you move out of your home and rent it out, under the law, the property is still treated as your principal residence for a period of up to six years.

2. your situation for serviceability can be worked on and…[Read more]

Well one of the best property investors in Australia started out young on this forum.

I think age is less important than knowledge and understanding risk.

I purchased my first at 21 and wish I had of started sooner.

There are multiple books each with an extra piece of knowledge. but I would be more than happy to chat to him and answer any and…[Read more]

My pleasure Sid,

I actually sent you a private message with my details if you have any specific questions, if you write them down I am more than happy to provide some answers and even carve a clear path for you.

Kind regards

Jaxon Avery

I did send you a personal message on here with my details, happy to have a chat and instead of recommending someone, assist and teach how to find what your looking for.

Kind regards

Jaxon Avery