I think you were not on the forum that day when this person was answering every one with one line and starting crap subject posting. only I saw him two days on forum and he given 200+ reply. admin people were also falling to manage his posts that day.
But your thinking is correct if you were not on the forum that day.
Hi Prop,
depending what you looking for this IP is not going to be +cash flow. So if you are after negative gearing and capital growth then might me good.
After getting all the reply I am thinking if some one like me starting in IP should just create a simple trust (we two friends will be buying together). I don’t think this trust will help us much from tax wise (Am I right).
IP bought under this trust will be safe from other liability (outside the property),if in case one of us face in…[Read more]
Thanks Richmond,
I don’t know about the street name etc. let me first find out more about it and then I will let you know. yes I will go and have a look after I get all the information. Thanks a lot for all the reply. Can I email/contact you after I get all the information before I go there I think you know about the area.
I should have given more details. It’s 125 for 3 units so rent add up to that much (all are on rent this time). I didn’t find any unit for sale on net there. I never been there so don’t know much about Cobar other then my search on google last night.
I should have given more details. It’s 125 for 3 units so rent add up to that much (all are on rent this time). I didn’t find any unit for sale on net there. I never been there so don’t know much about Cobar other then my search on google last night.
Richard,
It’s not from realesate.com.au. It’s through some other way. let me give you an idea about the property it’s about for 125k and rent is 310 perweek. It’s not finalize but i will know 2-3 days.
westan []
You were very very quick to notice!
I have some questions for you I will ask in my next post ( i am very busy today at work [] )but in short we two friends want to buy a investment property (not home for us to live in) and want good structure.
can we buy under trust and become one of us trustee ( we are two partner ) and later in near future open some company and make that company trustee to give more protection to us?
or what is best for two working people to buy IP together from assets protection and tax wise?
Same here guys I hope my company don’t block this site. because every site which people visit a lot IT people seems to put proxy on it. I am full day on it. []
I think I didn’t put my question clear enough. I was asking how other people doing there structure. I know it’s depends on individual but still good to know how other people protecting assets and minimisning their tax etc with their structures.