[mxdMember@mxdJoin Date: 2009Post Count: 45]

September 2, 2009 - 6:26 am

Hi Les Paul,

as always see a financial advisor / accountant.

For me I am looking at. 

1) set up a family trust, (you can't get the negative gearing benefit straight off, you coulds look at a hybrid but the tax man might not like them in the future)

2) Get an interest only loan (LOC, etc..)

3) You Gaurantee the loan in the family trust name

4) Aim to Buy multiple (start at 1) properties (maybe outside of Sydney)

5) Factor in an interest rate of 7.75%

6) look for good rent yeild and capital growth.

good luck,

[mxdMember@mxdJoin Date: 2009Post Count: 45]

September 2, 2009 - 12:56 am

thanks Mike, much appreciated for the report.

thanks again
Matt

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 27, 2009 - 3:19 am

another option is to look at buying investment properties first. You won't get the FHOG but could be an option

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 25, 2009 - 11:40 am

as a side note, you should also look (your accountant should be steering your this way) at a service trust (I think that's what it's called)

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 25, 2009 - 11:28 am

I am going to look at Logan,

26 K to Bris
255K medium price (http://www.domain.com.au/Public/SuburbProfile.aspx?mode=buy&suburb=Logan%20Central&postcode=4114)
310 medium weekly rent ( http://www.rta.qld.gov.au/zone_files/stats_june_qtr_2009/bsd_3_brm_houses.htm)
Had good capital growth
I think it will continue to (close to brisbane, "bad" suburb, good cf+)

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 25, 2009 - 11:19 am

Hi Richard,

thanks, I saw the individual report price but wondered how mush it was for a subscription, my wifes company builds carports, decks, pergola's etc… is Australia wide so thought it could the the type of company they would consider an acceptable "subscriber", (use data for marketing campaigns etc.. ?)

thanks again for all you help and advice.
Matt

Qlds007 wrote:

Matt

Talking about of thousand a year if you are sponsored company which they discount otherwise i think it is $99 a report.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 25, 2009 - 11:06 am

Hi Richard,

thanks for the 2 reports, I am looking at investing and was wondring how much the residex subscription costs ? I could not find it on there site.

I've been using domain suburb profile, which seems ok, even better it's free Is there any other freebies that people use /  know ?

cheers
Matt

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 24, 2009 - 3:19 am

Hi Dan

thanks for that,

with the Pty Ltd as a trustee, is more to the fact, that I currently have a company, but that company is trading (i.e. it's in business). I was under the impression that was not the best option for the  trustee to be a "trading" company, and I was just curious as to why.

1 reason I thoght was for asset protection, but then I thought any trustee could be sued, so the action was for the "director" of the trust (sorry mental blank can't remember the correct name) would then change the trustee.

cheers
Matt

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 24, 2009 - 2:13 am

thanks for that, I was going for tax losses, (e.g the "birthday" presents, the "negative" gearing on the loan).

I thought there was some ruling about capital gains and capital losses.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 23, 2009 - 11:56 pm

My belief, I am not an accountant lawyer etc.. I have a smsf.

the simple answer is no,

super can buy comercial proprty (factory, etc..) that you can rent at comercial rates but not residential that you or anybody associated with you can rent.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 20, 2009 - 10:12 pm

interesting, I just don't know, I wouldn't have thought so.

There may be an issue if you do that and you got the fist home owners grant ?

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 20, 2009 - 10:08 pm

I think it can also boil down to

1) are you improving the house to make it rentable or more rent (then I think this goes as capex)
 2) if your restoring then it's an expense.

So if your not advertising before the lease is up and are waiting to paint etc.. it may be considered option 1.

If your moving to the house (cause it's too far away from your PPoR) then you maybe able to charge travel cost, living away from home etc..

Speak to your accountant to make sure.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 20, 2009 - 3:00 am

it is a little bit more difficult to borrow through a super fund (the law changed 2 years ago) you are borrowing through installment warrants. It's all a bit of black magic but if you speak to an accountant or advisor they shold be able to direct you in the right direction.

CBA lend to SMSF, there product is called Supergear, most/all banks will have something similar.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 20, 2009 - 2:55 am

you'll see a member here [email protected] who has kindly offered to provide a report (free) of an address you send.

The report will give you a value of the property (it averages out over various indicators).

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 17, 2009 - 4:29 am

I would posably ignoe dandenong, I am not to sure what the growth will be like (high unemployment etc..)

Maybe look at Seafors, that could be a bit of a hot spot for the future.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 17, 2009 - 3:02 am

2 to 3 times is probably fair for same businesses but this does not appear to be making a wage, so the business is worth next to nothing, value the presses etc.. as a firesale price then ofer that (10 K)  you can ask for tax returns, is it run as a business or just a trading name. Rember there is a lease on the shop, how long has that got, any rent increases about to happen etc.. Do a business plan, how are the inlaws going to make this work where the current owner hasn't. Don't believe the sales pitch.

I personally think dry cleaners are on the verge of  extension. The fact the bank will not lend money is probably another good sign.

[mxdMember@mxdJoin Date: 2009Post Count: 45]

August 16, 2009 - 11:55 pm

Hi

if your going OS you need to think about what is the best option, it may be better to be a non-resident in Aus (whilst OS). So I would suggest you speak to your accountant/fin advisor etc.. and lay out your plans so you can pick the best option for now and the future.

cheers
Matt