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Good thing i stumbled upon this post. I am new to this forum and property investing. After attending a one on one strategy planning with ironfish i asked the question of the trust structure because i just finished reading steve mcknight's book. I have been told that i can't claim tax if i purchase a negatively property because the trust does not earn income for me to claim tax on. I ask about the multiple use of the trustees income for finance, and was told that it is because it will be an undisclosed trust which similar to lying to the banks. Don't u just love it when two facts clashes, it sure does add to the things i need to study aside from getting my head around property investing.
@richard – can i please get a copy of the Trust Magic aswell please? Thanks!
Jerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
I have not signed any building contract yet actually. The builder will be submitting the plans tomorrow though. He have provided me a pre-filled House Building Contract (BC4). The contract states the progress payment stages, the rates of the tradies but we have signed this contract yet. Some of the pages are still empty too.
Jerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
@mattsta – thanks for the reply. i will try to ring up other builders.
@hemi3000 – thanks for taking time to reply mate. i am not aware or have no knowledge about the liquidated damages clause. do you mind ellaborating a bit more? cheers!
Jerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
please send me a PM too mattsta. thanks!
Jerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
