[RedMember@redJoin Date: 2002Post Count: 20]

August 4, 2003 - 8:33 pm

Hi Crahy,

drop me a line at [email protected].

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

August 4, 2003 - 8:03 pm

Cremin,

There would be no cap. gain as it would be your primary place of residency. But their may be a time limit that is to say if you did the reno in 4 weeks then sold the tax man would call any profit income and tax the lot…..

Companies have no Cap. gains reductions.

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

July 29, 2003 - 9:06 pm

Hi all,

It’s great to here all of your stories.

I wonder does anyone know if this thread is the longest?

Will it ever stop…..hope not…

RED…

[RedMember@redJoin Date: 2002Post Count: 20]

July 7, 2003 - 9:52 pm

Hi,

You could do a JV, but would have to be at arms length, has anybody done this?

Would love to know how this turned out.

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

July 7, 2003 - 9:27 pm

Hi,

Sounds good….lets have a look.

100k prop. @ 80% LVR. 80k owed @ %6 IO = 4.8k pa.

Refinance other prop say 30K

Now…..100K prop. @ 50% LVR. 50K owed @ %6 IO = 3K pa.

So the diff is 1.8K pa or $34.61 More income per week

But we forgot about the 30K’s interest….
30K @ %6 = 1.8K subtract the extra income you are back where you started?

Yes, No?

There may be some extra tax concessions but this is a side issue.

What do you think?

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

July 3, 2003 - 9:01 pm

Hi,

Jan Somers has some good boks for newbie’s

check her website out.

http://www.somersoft.com.au/

Latter,

Ross

[RedMember@redJoin Date: 2002Post Count: 20]

June 17, 2003 - 9:49 pm

Hi,

We have borrowed money in our Discretionary Trust, no prob.’s, you have to go guarantor and supply a copy of the deed as previously stated.

My question would be this?

If Hybrid Trusts are the way to go, could you change the deed of an existing Discretionary Trust i.e. add the new sections to make it a Hybrid Discretionary Trust??

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

June 16, 2003 - 11:41 pm

Hi peoples,

I’m Ross and am married to Raelene we have two boys, Rhyan, and Rhiley (The R’s). We live on the Gold Coast and I work in the waste industry while mum stays at home. I’m sure I’ve got the best of it, as you mums out there would agree. Ho and the dogs Lucy the Dalmatian and shadoe a jack Russell.

We started in 1996 and have five props. and are always looking for more.

Our prop. are a mix of -eg and pos. but are pos. over all.

We love this forum and have learnt a lot from it.

All the best,

Red…..

[RedMember@redJoin Date: 2002Post Count: 20]

May 14, 2003 - 9:03 pm

Hi Trying,

One thing to keep in mind is that if you have property (or land) in the trust you will have to pay land tax on the total value of your holdings. There is no threshold as for individuals.

Are you sure about this, I was under the understanding that a trust was treated the same as an individual??

[RedMember@redJoin Date: 2002Post Count: 20]

May 1, 2003 - 4:22 am

Quote:

Hi,

Captial gain is paid at your personal tax rate, on the whole gain before 12 months or on 50% of the gain after holding the investment for more than 12 months.

Capital gain for a company is 30% on the whole gain.

Hope this helps.

Regards,

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

April 9, 2003 - 4:27 am

Quote:

G’day,

How about :

1. ” Act Positive and Grow Wealth “

2. ” The 11 second Rule “

3. ” How to start you own supper fund using
property”

4. ” Live rich retier Wealthy”

Thanks,

Ross

[RedMember@redJoin Date: 2002Post Count: 20]

April 2, 2003 - 10:26 pm

Hi Steve,

Good intro, appealing to most peoples dreams

By the way how did you wife fair with here boss???

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

March 19, 2003 - 11:10 pm

HI All,

We are Going to build in the coming months (first time building an IP), this is the best way I know to get property at wholesale price.

We may hold on to the home, as it will be positive….

But would like to try and sell it as a house and land package before building.

Has any one out their done this? Seems that you need to have a builders licence to get the banks to pay the progress payments to you or your entity (Being payed first would give us ultimate control over the project).

Other wise the banks will only pay direct to the primary builder.

Stumped….. Will need to be creative? Any ideas

Ross….

When the student is ready the teacher will appear.

[RedMember@redJoin Date: 2002Post Count: 20]

February 20, 2003 - 11:40 pm

Hi Stretch,
“Low-gain……. Hmmm……Strange name for a suburb!!”

I’d prefer to focus on the road in to Logan from the M1…..Paradise Road…..even stranger….

Ross.

“Beaten paths are for beaten Men”

[RedMember@redJoin Date: 2002Post Count: 20]

February 20, 2003 - 12:39 am

Sorry about the delay, we were busy yesterday having our second child.

In our experience of Logan we have had close to 0% vacancy rate.

All properties have been purchased with existing tenants bar one, which was rented before we finished renovating it.

I posed this question to our friends, who on the whole have had the same experiences.

If you have the right team you will get good results.

But remember that passed performance doesn’t dictate future performance.

Just ring a few of the estate agents in the area and see what they have to say. Or try any one of the Internet sights that have that info…eg. http://www.homepriceguide.com.au

Oh, we had a healthy bouncing boy…[]

Ross.

[RedMember@redJoin Date: 2002Post Count: 20]

February 17, 2003 - 11:01 pm

Hi Allyman…

“Money magazine recommend the Woodridge area a few months ago”

Remember when you see things in the papers and mag’s you can be sure that the boat has left.

We have multiple properties in Logan and as yet “touch wood” have not had any trouble. Our friends have properties in Logan also, between us we would have 35+. They also have not had any major troubles.

With Logan like most places has risen in value. 3 to 4 years ago the real-estate agents couldn’t give property away….the stigma of the area etc.

55k to 65k properties were every, that’s all over, their 100k + now….but of course their are still bargains to be had, but if your not on the ground looking you will never get them as they get snapped up be fore they go to market..

Still at 100k + they still represent good value, because of the infer structure of the area and proximity to the city it self.

On the down side at 100k they general will not be positive.

“Dreams come true, if we have the courage to chase them”

[RedMember@redJoin Date: 2002Post Count: 20]

February 3, 2003 - 11:06 pm

Hi Tails277,
Your uncle is a wise man, who had the ability to stick to his gunns.

I wonder who put him on the path out of the rat race?

Ross.

“The greatest power that a persn possesses is the power to choose”

[RedMember@redJoin Date: 2002Post Count: 20]

December 30, 2002 - 10:55 pm

Hi all,

Enjoyed the forum this year, gained a lot of insight into the world of creative investing.

As for the coming year, hope I can do one better on last year’s effort of three positive properties.

Happy 2003 to all.[]

“A mind STRETCHED to a new idea never goes back to its original dimensions”

[RedMember@redJoin Date: 2002Post Count: 20]

October 18, 2002 - 2:31 am

“does it really matter which one you focus on?”

It properly depends on your situation.

If you go for capital appreciation you usually need some level of gearing (before tax). New properties or renovations. Tax advantages.

If you go for positive income (before tax) there is no gearing. Older properties, small if any tax advantages.

A mix of both may be best.

As your capital appreciation strategy progresses you will eventually end up with some of the properties becoming positive (before tax), finally getting back some of that money you out laid to keep the thing going. In the end, best of both worlds?

As your positive strategy progresses you will end up with even more income than you started with. Those holidays get better every year.

So does it really matter which one you focus on? It properly comes down to how long you are prepared to wait before getting a positive income, after claming back your losses.

That’s my 2c worth…

Regards

Ross.

If you do what you can do, you’ll make a living.
If you do the best you can, you’ll make a fortune.