[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 18, 2004 - 10:07 pm

Hi all,
Thanks for the feedback,

I have read all of RK books even Success stories!
I am getting there so we will all celebrate soon when I get my first IP!

Just trying to get some funds access ….while trying to get my finances in better shape so the banks will smile upon me [^]
Cheers,
Kiwi

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 18, 2004 - 10:02 pm

Hi all,

Thanks for the multi responses, I do actually have a Hybrid trust set up which is much more flexable than bot a unit trust and a discretionary trust.
Who do I talk to about getting access to the super funds to invest in the trust? – I have no problem putting another property up for security as long as I can buy this security out later.

Any more support would Be great!
Cheers,
Kiwi[:p]

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 17, 2004 - 7:22 am

Hi There,

I am not sure if this helps but …. I would not be too concerned about CGT unless you are selling for some reason. I would be better thinking of the 3 IP’s as the “Funding engine house” – unless they are seriously -Tve Geared – to all future properties by cashing in on the equity of them all and getting maximum leverage to repurchase into a better structured legal property solution. I would (and Have) set up a Hybrid trust with a PTY Ltd as the Trustee of the trust …. you will then protect any future issues with any new purchases. Check out your options with your specialist team of advisors. I guess the moral of this story is …. :you only lose out with CGT if you sell up as it is not technically realised CGT … only theoretical -IE the GOVT can not touch it until the coffers are open (Title changes hands again) – You may also have this as an oportunity at some time in the future when you are a mega billionaire ….. you could transfer title to get a tax loss written off. Again get your pro’s to give advice…
Cheers – Kiwi Abroad –

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 17, 2004 - 6:51 am

Thanks Terry… I will check it out.

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 17, 2004 - 6:10 am

Hi Guys and Gals….. I looked into the site a few weeks ago… and as Rich Dad’s Robert Kiyosaki says -Don’t critisize – anylise.
I checked out a few of the houses and properties and the numbers just did not crunch upto what they were cracked up to be. – I use PIA to do the work for me and it saves me hours of number crunching – also practice Steve’s 11 Second rule & it saves me a bucket load of time.
Just my ten cents worth
Cheers
SW – The Kiwi – abroad – []

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 17, 2004 - 3:11 am

Hi all,

Another interesting thing about the CGT discussion is that if you Wrap a property…… you are not liable to pay CGT as you cannot be taxed twice on all the income you have recieved.
Check it out with your tax/accountant specialist….
I may have read the interpretaion wrong :o)

[Kiwi-FullaMember@kiwi-fullaJoin Date: 2002Post Count: 371]

January 17, 2004 - 2:55 am

Hi all,

Does anybody know the processes to get access to the super for financing a deposit?

I have a Corporation set up (Full PTY LTD)
Cost a pretty packet to set it all up as a unit trust so I should be able to get access to the super for the purposes of purchasing property through the trust.
Anybody either done this ….or give me any tips no who to contact for this?
Thanks
SW