[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 2, 2003 - 1:45 am

Hi All,

Here is my Guess for STARS..

Newbie = post 1-4 NO Star

One Star = post 10 to 49

Two Golden Stars = post 50 to 109

Three Stars = post 110 to 499 Silver member

Four GOLD Stars = post 500+ ( Terryw Only I guess [] )
“Administrator” or “Moderator” depending on other Moderator or Admin (Including Steve) and I think they do depending on your experience in answering forum topic not depends on number of post because one can have 200+ post just by asking questions.

Cheers [8D]
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 2, 2003 - 1:34 am

Hi N-e-ideas,

Only way this time is to search with your name. Though serach function is slow because of too much post on the forum but can be searched.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 2, 2003 - 1:30 am

Hi Admin,

I found my post here today. I thought I asked wrong question and you guys deleted my question [].

I was thinking of using tables for one important topic. But doesn’t matter I will try some other way.

Thanks
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 2, 2003 - 1:20 am

Hi Sach,

What about buying under wrap? this way they can buy their first house and another person can also get benefited I think looking at their income they can afford payment but CC and PL is a problem.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 1, 2003 - 1:39 pm

Hi All,

Terryw put this post in another post. I thought of puting this here because of same interest.

Cheers

Amit

Hi

In a recent topic here there was some questions raised on changing trustees and whether this would trigger a CGT event. It seems the ATO may consider a new trust to have been created if fundamental changes have been made to a trust deed. If this happens then CGT and stamp duty may be payable.

I have found an interesting article on the resettlement of trusts, at http://www.taxlawyers.com.au/Publications/New/resettlement_of_trusts.htm which states:

“Can I appoint a new Trustee for my Family Trust?
Changes made to the Trustee do not by themselves result in the ATO deeming a new Trust has been created. However if, in addition to a change in the Trustee, other fundamental changes to the Trust have been made that alter the nature and character of the Trust relationship between the Trustee and the beneficiaries then the ATO will deem that a new Trust has been created.”

I thought this article may be of interest. There are also other good articles on trusts and other topics on this site.

Terryw
[email protected]

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 1, 2003 - 1:43 am

Hi Jared,

No worries!
If he started using the forum seriously then I think no one on this forum got problem with him.
[]
Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

September 1, 2003 - 1:30 am

Dear Junior,

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.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 31, 2003 - 1:22 pm

Hi Mini,

I didn’t realize that richmastery owns KPI even I went to their 3 day seminar this month in sydney.

Just to clear my self you are in NZ isn’t it ?

what’s the name for new magazine which is coming to market anyone knows?
wealthcreator also good magazine though it’s not only for properties.

Cheers

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 30, 2003 - 2:37 pm

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.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 29, 2003 - 12:14 pm

Congratulation Richmond!

Thanks for your email. I think will wait for 1 more week in the mean time I will find more info.
capital growth for last year was -1% for Cobar.

Cheers

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 29, 2003 - 12:02 pm

Hi All,

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 future.

Because we will be trustee so sort of we won’t be protected if some thing goes wrong in IP (which are under that trust) but because we will be having all the insurance so every thing should be fine.

To protect our self more (even from those IP problem which are under trust) we should be having a $2 company as a trust. But this thing having trust under company will blow away all our profit at least in the beginning of our investment journey.

Please comment if my understanding is wrong.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 29, 2003 - 8:21 am

Shane is back here to make mess on the forum! []better admin people delete him and other people should stop for a while posting anything.

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 11:44 pm

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.

Yes I am in Sydney []

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 11:25 pm

Hi Richmond,

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.

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 11:24 pm

Hi Richmond,

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.

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 11:11 pm

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.

Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 10:59 pm

Thanks Richmond,Dennis,

I checked other post also Sorry I think I asked the same question which Dennis asked. []

I checked on net last night and found out couple of things population is about 5k there.
three mines one all might close in 2007,2009 and 2011.

IP which I am looking for returning good return. do you think it’s worth or not ?

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 6:54 am

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.

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 28, 2003 - 6:20 am

Thanks All,

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?

Cheers
Amit

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

August 27, 2003 - 7:00 am

Hi All,

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. []

Cheers
Amit