PropertyInvesting.com | MichaelGG | Activity https://www.propertyinvesting.com/members/michaelgg/activity/ Activity feed for MichaelGG. Wed, 15 Apr 2026 04:23:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c2d5d3e0c930b03c58b41d2cdd65af94 MichaelGG replied to the topic Contracting as corporate trustee!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408004-contracting-as-corporate-trustee/#post-4680231 Fri, 02 Nov 2012 03:08:59 +0000 Yes, the property is in WA.

terrible mistake i started with and settlement agent made to me.

The evidence we can show OSR is trust deed. It shows the trustee of trust is that company. I am not a valid trustee to the trust.

Hence, if OSR believes I signed contract as capacity of my own, it's not a valid contract as I am not trustee. The company…[Read more]

]]> 9a0f4f1ae77d17687cb5ae7799ece944 MichaelGG replied to the topic Contracting as corporate trustee!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408004-contracting-as-corporate-trustee/#post-4680225 Thu, 01 Nov 2012 06:16:12 +0000 Thank you Scott for your reply.

At the time the Offer and Acceptance was signed, the lawful trustee is that company. Therefore, a Trust appointed me as trustee did not exist.

Also, I would prefer to have a company trustee for that Trust.

I contacted OSR and been advised myself was not valid trustee. I will submit a letter to OSR to explain how…[Read more]

]]> d478fbc74e5e62a74ac5037bd76354ea MichaelGG replied to the topic Should I buy 1st IP under my personel name? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399147-should-i-buy-1st-ip-under-my-personel-name/#post-4619480 Fri, 19 Mar 2010 05:36:59 +0000 Thanks

]]> 18907da00b6120337b70f2e11809edf5 MichaelGG replied to the topic Should I buy 1st IP under my personel name? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399147-should-i-buy-1st-ip-under-my-personel-name/#post-4619478 Fri, 19 Mar 2010 05:17:49 +0000 Qlds007 wrote:
Hi MichaelHow many lenders do you know of that are still lending to PIT's.I can think of 3 and their lending policy is horrid.

Hi Richard,Is it possibale that I borrow money from bank and then buy units in trust? Thanks,MichaelGG

]]> f74637e41152c670782a2ab6b30e1103 MichaelGG replied to the topic Should I buy 1st IP under my personel name? in the forum Dan, Thanks a lot for https://www.propertyinvesting.com/topic/4399147-should-i-buy-1st-ip-under-my-personel-name/#post-4619474 Thu, 18 Mar 2010 05:17:51 +0000 Dan,Thanks a lot for clarifying your previous reply. I found it really helped me.Ryan,Love to read your posts. learnt many things from your other threads. ThanksBTW, I think i will set up an appropriate structure before the 1st IP.Number 8,I think the property investment trust (PIT) can distribute losses. I am still struggling to find a good…[Read more]

]]> 5d286cdf77e0fa21d8e68dcaeac4a466 MichaelGG replied to the topic Should I buy 1st IP under my personel name? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399147-should-i-buy-1st-ip-under-my-personel-name/#post-4619470 Tue, 16 Mar 2010 00:19:44 +0000 Hi Dan,

Thanks for sharing.

By using trust and company, there is the higher maintenance costs. Plus, no 50% capital gain discount entitled. No access to loss.

Therefore, the reason that people using this structure is mainly to avoid risk?

High income earner should buy couple negative gear investment under their name. And, they should buy…[Read more]

]]> 37f846c090d61daea04a1233559edb5e MichaelGG replied to the topic Should I buy 1st IP under my personel name? in the forum Boogz & Paul, Thanks for https://www.propertyinvesting.com/topic/4399147-should-i-buy-1st-ip-under-my-personel-name/#post-4619467 Mon, 15 Mar 2010 23:47:51 +0000 Boogz & Paul,

Thanks for your reply.

Boogz,

I was thinking to use my company. But, I just found out it was not a good way to protect yourself. $1 company should be set up as the trustee. Cause it will control property but not own it. Correct me if I’m wrong.

Paul,

Would you mind to share more info to this kind of insurance (insurance company,…[Read more]

]]> 7433d94b88e75f3188fbdbd6df3d73ae MichaelGG replied to the topic Owner’s daughter wants to delay settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4399007-owners-daughter-wants-to-delay-settlement/#post-4618591 Sat, 06 Mar 2010 08:38:02 +0000 Hi Terryw, thank you for your reply. I'm not quite sure what's a green book? need to clarify this with my friends.we are in WA.Thanks,MichaelGG

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