If theres wealth management going on, its probably theirs!

Work out what expenses you will incur, work out what income you will generate, and then simply subtract one from the other, its not magic just commonsense ..

2. If you wish to do something like that, you must actually distribute the funds, not just on paper. If you wish to loan the funds back to the trust, you would have to do so on a commercial basis, with a commercial interest rate. Ie you would need a loan contract between the two parties charged at market interest…[Read more]

If the books change your mindset in this way, would it matter whether its fact or fiction, I think not.

Keep things in perspective people..

2. Create an investing strategy and write it down on paper. You need to detail your key investing tenets, eg goals, acceptable risk, area, exit strategy, capital growth or yield etc.

You and only you can decide these goals for yourself, and for anyone else…[Read more]

Please let me know where you are sourcing such cheap funds then we will all be in for it.. are you sure you are not just using a home loan LOC to fund this purchase?

The trust will allow you to distribute income to beneficiaries as you see fit, ie to the lowest income earner to save…[Read more]

This is why the majority of ‘financial advisors’ will not advocate direct property…[Read more]

Obviously this assumes that the property fits into the assumptions built into the formulation of the 11 second rule..

This is worth noting as its not always just the…[Read more]

Imagine the problems it will cause in the rental market as negatively geared investors start to drop out of the market in a big hurry. It could cause a large drop in prices just like what happened in the…[Read more]

I also have 2 car leases which are payed for with pre-tax income as part of my salary package.

I earn reasonable money as a software developer, and could potentially save $25,000 in 6 months if I really tried.

I’m a little worried about investing into…[Read more]

The beneficiaries would only receive the benefits that the trustee decides to give them.

Thats my interpretation of the information that I’ve heard anyhow

Thanks for your advice I also consider speaking to random franchisees a key consideration in the due dillegence process, and I will defintely be doing this.

Once I have spoken to several franchisees, and provided I am satisfied with what I hear, I will then get my accountant to advise me on the fiancial aspects of the deal, and determine…[Read more]

I agree that I should speak to other franchisees this is a very important point.

The reason for wanting family involved is that the particular franchise I am looking at does not look favourably upon ‘managers’ being employed and the owner not taking the management role themselves.

I want to continue working in my highly paid contracting…[Read more]

I signed up for the wrap seminar live yesterday, lets hope im not a fool for doing so

Sounds like a great way to start out if you have the time available. I wish I did but as a contractor im quite often at work 7 days a week

Thus my idea of getting someone else to do some of the legwork for me. On another point if anyone knows the number for a good accountant and lawyer who is familiar with lease option and wrap…[Read more]

– 2 & 3 bedroom properties only
– value under 120k
– regional area with low unemployment level
– high rental / value ratio

I’m thinking along the lines of lease option or wrapping, so cash flow is more important than capital gain, long term capital growth would be a bonus.