PropertyInvesting.com | Saskatoon | Activity https://www.propertyinvesting.com/members/saskatoon/activity/ Activity feed for Saskatoon. Sat, 11 Apr 2026 16:38:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1c12933ef45c06bc820e4171527ec1c3 Saskatoon replied to the topic Software Packages in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4381596-software-packages/#post-4525632 Tue, 30 Aug 2005 00:29:26 +0000 Hi
you can also look at http://www.moneybeans.com. Programme is written by a property investor (from Australia) for property investors.
Disclaimer: this is not spam! I am not a beneficiary.

Terence McMahon
HomeWin
Finance

]]> b48f42d8978649e5a27e76eec35fd17a Saskatoon replied to the topic Vehicle, Trusts & Investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379086-vehicle-trusts-investing/#post-4508796 Sat, 12 Mar 2005 09:20:15 +0000 Hi woodsman,
don’t know about the details, but when I asked Dale G-G about the idea he could see difficulties if the vehicle was in the trust. I think he suggested that if you didn’t want to own it as an individual it could be owned by the trustee company, if there is one. This may involve FBT and other tax considerations – professional advice…[Read more]

]]> 18278a39b59464eb80a691cdc429f1ee Saskatoon replied to the topic Crossed Parties to a Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379118-crossed-parties-to-a-trust/#post-4508995 Sat, 12 Mar 2005 09:13:38 +0000 OSS,
the Settlor is prohibited from being a beneficiary, but the Appointor commonly is, since he/she is usually the one setting up the trust.
Terry

Terence McMahon
HomeWin
Finance

]]> 064a40c19123a440f24bb9875dc2e7fe Saskatoon replied to the topic discretionary trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378991-discretionary-trusts-2/#post-4508207 Sat, 12 Mar 2005 09:06:32 +0000 Hi Carlin & learningtoinvest,
the Adelaide accountant I used to set up our family trust was David Hilton, at DHC Group, Level 6, 185 Victoria Square. Ph 08 8218 4888. He is a property investor too.
Terry
(no commercial affiliation etc)

Terence McMahon
HomeWin
Finance

]]> 5379f7011cb5ffef045f65d066ed27a0 Saskatoon replied to the topic How does equity work? in the forum Finance https://www.propertyinvesting.com/topic/4377594-how-does-equity-work-2/#post-4499389 Thu, 30 Dec 2004 01:07:06 +0000 Robert,
you are of course right. Shouldn’t have dashed off my reply. I was concentrating more on Allan’s original question – PPOR or IP(s) first – in terms of investing strategy. (e.g. how long will the FHOG be offered – 1 year, 5 years, forever?)
Terry

Terence McMahon
HomeWin
Finance

]]> a96378456db8bd2b5fdc28a2099d1485 Saskatoon replied to the topic How does equity work? in the forum Finance https://www.propertyinvesting.com/topic/4377594-how-does-equity-work-2/#post-4499387 Tue, 28 Dec 2004 00:16:09 +0000 Hi Allan,
another factor to consider is the First Home Owner’s Grant.
If you buy an investment property first you will lose your eligibity for the grant. In your case it may be best to buy a PPOR first, pay off as much as you can ASAP. Paying extra off your home loan will give you the ability to use the equity for an IP sooner.
Terry

Terence…[Read more]

]]> e8a935fc3501f51fa49fcc510eed7343 Saskatoon replied to the topic Green Horn Would Like Some Answers in the forum General Property https://www.propertyinvesting.com/topic/4375265-green-horn-would-like-some-answers/#post-4485096 Tue, 03 Aug 2004 23:32:12 +0000 Hi Anita & Nadeen.
I am sure that you can only claim the FHOG on your first property purchase, that you have to have it as your PPOR for at least six months (new rule), and you must occupy it within the first 12 months. Please check with the relevant authority or a qualified professional.
Some lenders won’t lend at all in some…[Read more]

]]> 006060a017bef6883e60594c9d6b8fb2 Saskatoon replied to the topic Is this worth it?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4375171-is-this-worth-it/#post-4484133 Thu, 29 Jul 2004 04:01:59 +0000 Hi MasterREL,
most forum opinions indicate that you shouldn’t buy property using a company structure – do a search or get professional advice before committing. Also, it may be best for accounting reasons to keep your property investments separate from your share investments.

Terence McMahon
HomeWin
Finance

]]> 813c069f1c11a125bb270de461d99a83 Saskatoon replied to the topic Help Needed in the forum Creative Investing https://www.propertyinvesting.com/topic/4374802-help-needed-3/#post-4481339 Fri, 09 Jul 2004 23:48:27 +0000 Lucifer_au,
good answer, but did you mean 50% CGT discount? Also, companies would be beneficiaries, not benefactors.

Terence McMahon
HomeWin
Finance

]]> 7db498584efe7f56d6dbd86a9f8b74e1 Saskatoon replied to the topic Industrial Property Purchase in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4374874-industrial-property-purchase/#post-4481772 Fri, 09 Jul 2004 23:22:14 +0000 Hi Gozoo,
take professional advice. My initial reaction: buy the property through a trust, and your business can lease it from the trust; but Yorker has it right. E.g. is the property valuable enough for this setup, do you plan to buy more, etc!
Terry

Terence McMahon
HomeWin
Finance

]]> 32ce0a1ee536ed3d8108dd4ffacde5b1 Saskatoon replied to the topic Company and Offshore in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4374507-company-and-offshore/#post-4479565 Fri, 25 Jun 2004 22:56:16 +0000 Originally posted by fenpub:
Is it possible to setup a company within Australia, buy Real Estate but have the money come from overseas?

Helena
0423-135-996

Helena Andrewatha

Helena,
be sure that you use the best entity to purchase property. Advice on the forum has been that a company is the worst entity to hold real estate for most…[Read more]

]]> 3bb7755323294a7711db6bb5ac060770 Saskatoon replied to the topic Dale Gatherum and Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373520-dale-gatherum-and-trusts/page/2/#post-4472022 Mon, 17 May 2004 23:20:19 +0000 Hi,
I read that a ‘family trust’ is a specific type of discretionary trust, though the terms are often used interchangeably. With the family trust there is some kind of irrevocable election to the ATO involved to do with the distribution of income – (?)franked dividends. Don’t know any details!
Motivstorm,
unit trusts seem to be recommended for…[Read more]

]]> 2cb936d045bc419edde86ce6b67ae0be Saskatoon replied to the topic The Tax Man kills everyone! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373199-the-tax-man-kills-everyone/#post-4469515 Thu, 29 Apr 2004 23:31:47 +0000 Jaffasoft,
my accountant said that as a general rule he would only put appreciating or income producing assets in a trust, e.g. real estate, shares, objets d’art etc., but individual cases vary.
Terry

Terence McMahon
HomeWin
Finance

]]> 09bac5086cb7acf8870d2990dae102ff Saskatoon replied to the topic TRUSTEES for NZ investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373268-trustees-for-nz-investing/#post-4470292 Thu, 29 Apr 2004 08:49:44 +0000 Michael,
my understanding is that you can be the trustee, but there must be other beneficiaries than you e.g. your parents. Who are the beneficiaries of your will? They could be the beneficiaries of the trust.
I think that if either of your parents were trustees, there may be no effect on pensions etc, since the assets are only held by the trustee…[Read more]

]]> 400af945dbdfd98cf72471aa6e63a30a Saskatoon replied to the topic First Home Owners Grant in the forum No Subject https://www.propertyinvesting.com/topic/4373169-first-home-owners-grant-3/#post-4469297 Wed, 28 Apr 2004 22:40:19 +0000 Greg F,
with regard to the structure, look at a Unit Trust. Avoid a simple partnership. Do a search on this and the Somersoft forum on the topic. You will find a lot to read!
Terry

Terence McMahon
HomeWin
Finance

]]> 50d429cb5cde35a62b83b1b42826212e Saskatoon replied to the topic TRUSTEES for NZ investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373268-trustees-for-nz-investing/#post-4470290 Wed, 28 Apr 2004 22:10:06 +0000 Dantheman,
technically, the company doesn’t own the trust – it is only the trustee who holds the trust assets and conducts the business of the trust. The trustee (company or individual) can usually be changed if the Appointor desires. There is nothing new or different about trustee companies – they have been used for centuries.
Michael, you cannot…[Read more]

]]> dcaa277fdd5c1fba776d73ed41e247d9 Saskatoon replied to the topic Unlocking equity on overseas home in the forum Finance https://www.propertyinvesting.com/topic/4373198-unlocking-equity-on-overseas-home/#post-4469509 Sun, 25 Apr 2004 23:15:13 +0000 u2jam,
I don’t know specifics about English mortgage loans, but I suggest that one would use the same method as Australia:
go to your lender and ask for the mortgage loan to be increased. You would need to show that you can service the increased loan. You should then have a sum which you can use for investing…
Have you looked at one of the…[Read more]

]]> a5c7c123ffdfd1003a0d08758b98e9d9 Saskatoon replied to the topic Family Trust Elections in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373209-family-trust-elections/#post-4469607 Sun, 25 Apr 2004 23:03:01 +0000 SMTM,
from my reading I don’t think there is a difference between a ‘discretionary’ and a ‘family’ trust. Have you read ‘Trust Magic’ or N. Renton’s book on family trusts?
Terry

Terence McMahon
HomeWin
Finance

]]> 9dac0fef6406dfecc9021500793951a9 Saskatoon replied to the topic leaving $ in the deal? in the forum General Property https://www.propertyinvesting.com/topic/4373140-leaving-in-the-deal/#post-4469094 Fri, 23 Apr 2004 23:06:24 +0000 Hi Nathan.
This idea has been discussed on the Somersoft forum in the past (try a search), but essentially the bank is entitled to know all of their risk in lending to you. If things go wrong for you (e.g. loss of income & unable to meet repayments) there will be a clause in your mortgage entitling the bank to immediate repayment of the mortgage.…[Read more]

]]> df25d17e865a29f9e55d455a9cc0caeb Saskatoon replied to the topic One or Two IPs at a time in the forum General Property https://www.propertyinvesting.com/topic/4373111-one-or-two-ips-at-a-time/#post-4468954 Fri, 23 Apr 2004 22:50:23 +0000 Monopoly,
congratulation on your achievements!
My thought is that it might be time for you, with your husband (!), to attend a Steve Navra seminar to look at conservative investing approaches. (If you haven’t already done so, that is…)
Terry

Terence McMahon
HomeWin
Finance

]]> e163b84e6b4fdfd9165b259eb8edeee7 Saskatoon replied to the topic To Trust or not to! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371822-to-trust-or-not-to/page/2/#post-4459059 Fri, 23 Apr 2004 22:21:40 +0000 Shirley,
like Terryw I am a little puzzled by NW’s comment. For example, though I am not a tax accountant, I think that the distribution of the capital gains would not be taxable, as it is not ‘income’ but ‘return of capital’.
(See ‘Trust Magic’).
Also, why would it be a bad idea for the trust to pay off a HECS debt for the beneficiary, saving…[Read more]

]]> 6f540e1404c2510377f6e258a79d5b42 Saskatoon replied to the topic Lending money to a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372998-lending-money-to-a-trust/#post-4468269 Mon, 19 Apr 2004 11:45:46 +0000 Happy Dude,
welcome to the forum. You lend money to the trust – how else is it going to start investing? I believe that if your LOC is at 6%, you can charge the trust 6.25%. Why worry about the small amount of income on say a $30,000 loan to the trust (at 0.25% per annum = $75?) when you consider the benefits, e.g. a $200K property increasing in…[Read more]

]]> fcbc437a60f43a59dc98359007fc9130 Saskatoon replied to the topic Company's and Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372421-companys-and-tax/#post-4464274 Wed, 07 Apr 2004 22:31:25 +0000 Hi skippygirl,
we too have had unexpected costs!
Regarding guarantees: my wife is the sole dirsctor of the trustee company, but the bank would only accept a joint guarantee because all our assets were in joint names. (Refer Terryw’s post).
Cheers :-)
Terry
PS to newbies: there is also lot of info on the Somersoft forum about trusts etc

Terence…[Read more]

]]> 0f44ffeb608f13d024207b529e24ddf8 Saskatoon replied to the topic Opinions please......... in the forum General Property https://www.propertyinvesting.com/topic/4372162-opinions-please-4/#post-4461911 Mon, 05 Apr 2004 12:25:53 +0000 Originally posted by ANUBIS:
… but as there is only my wife and I and we are already paying top dollar in tax there isn’t any major benefit to us via trusts.

Anubis,
interested in tax-free capital distribution, tax-free travelling allowance on trust business (e.g. looking at holiday homes for investment), etc?
Apparently there is an…[Read more]

]]> 1e91d24bebf676e05dc3672995683ea0 Saskatoon replied to the topic Company's and Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372421-companys-and-tax/#post-4464272 Mon, 05 Apr 2004 11:54:13 +0000 Skippygirl,
don’t forget tax-free distributions from the trust: ‘Trust Magic’ p.147.
Dale G-G has said to me that one should almost never pay higher than the 30% tax rate – see Trust Magic p.139.
Perhaps the trust will have to have a very high after-tax income if any benficiary has to pay tax at 48.5%!
Terry

Terence McMahon
HomeWin
Finance

]]> acccec5e777be73c4d9c13d0c760f615 Saskatoon replied to the topic Business structure in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372558-business-structure/#post-4465324 Mon, 05 Apr 2004 11:41:48 +0000 I also agree with Stu Wemyss. Do a forum search on unit trusts, and why you probably shouldn’t use a company to buy real estate…
Terry

Terence McMahon
HomeWin
Finance

]]> 452b404c2cce38f686941622b7eaa491 Saskatoon replied to the topic Trusts for one?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372350-trusts-for-one/#post-4463718 Thu, 01 Apr 2004 23:29:54 +0000 Zimonya,
my earlier post said you can’t be the sole trustee and sole beneficiary; you can be the sole trustee but there must be another beneficiary besides yourself – essentially like a will (a trust has been descrived as a ‘living will’).
As a single person your will has beneficiaries (e,g, your parents) – you do have a will, of course!

Terence…[Read more]

]]> c3f92e0ed7edf8c25e772960f5cbab23 Saskatoon replied to the topic Buying from private seller in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372198-buying-from-private-seller/#post-4462280 Sun, 28 Mar 2004 13:49:31 +0000 Hi Bronny.
In SA your conveyancer can do everything – you probably don’t need a solicitor for a simple private purchase. Just make sure you have a different conveyancer than the vendor.
Terryw is right about the longer settlement, especially with the current industrial action involving the LTO.
Email if you have a question!
Terry

Terence…[Read more]

]]> 495933e1c43e22da41873b9acf0d25fa Saskatoon replied to the topic Trusts for one?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372350-trusts-for-one/#post-4463710 Sun, 28 Mar 2004 13:31:09 +0000 Hi CastleDreamer.
It’s my understanding that you cannot be the sole trustee and the sole beneficiary of a trust – the trust would be invalid. I think the laws relating to trusts say that you you can’t hold something in trust for yourself.
Terry

Terence McMahon
HomeWin
Finance

]]> e7a6a4d0081d7be42dea2c1b0db24b2c Saskatoon replied to the topic Partnerships in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371628-partnerships-3/#post-4457525 Wed, 03 Mar 2004 00:03:08 +0000 Hi.
After personal experience, and first-hand knowledge of others, I would avoid partnerships. There are advantages, but a big disadvantage is ‘joint & several liability’. Look at other structures first, as Mel has done!
From the 19th C: “the only ship that’s certain to sink is a partnership”.
Terry

Terence McMahon
HomeWin
Finance

]]> 66b6deb85c1aecbffd32f4d2f595219d Saskatoon replied to the topic Newbie making first post in the forum General Property https://www.propertyinvesting.com/topic/4369715-newbie-making-first-post/#post-4442065 Sun, 28 Dec 2003 01:02:07 +0000 Hi Risky,
welcome to the forum! Either I missed your first post, or I didn’t answer because you didn’t ask a question?!
My tip for newbies is to look back through previous posts and get a feel for the forum. Most newbie’s general Q’s have already been addressed. Also, read all the links on the home page – it may save you time!
Terry

Terence…[Read more]

]]> 80bbd51a6b46e8d883f94f0b0cdbc2ac Saskatoon replied to the topic Behind 10 Eight Balls!! in the forum Hotch Potch https://www.propertyinvesting.com/topic/4370039-behind-10-eight-balls/#post-4444818 Thu, 18 Dec 2003 06:59:35 +0000 mumof3,
I agree with Peterp and diclem (Sue). Go to the local library and look for books by Anita Bell; also Paul Clitheroe (about personal finance, not property!), Bruce Davis, amongst others.
Read ‘The Richest man in Babylon’ by George Clason if you haven’t yet done so.
Don’t buy the books if you can borrow them – use everything to reduce your…[Read more]

]]> 09619cd863e0d41d8fd88252dfc51692 Saskatoon replied to the topic Real estate commision in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369990-real-estate-commision/#post-4444341 Mon, 15 Dec 2003 00:52:13 +0000 Rudy,
I agree with Simon – you would have no obligation to the R/E agent if you haven’t signed anything – he/she approached you.
Don’t be in a hurry to sell. If one developer is interested, then others might well be too.
A thought: instead of selling outright consider a joint venture with the right developer and taking a share of the profit from…[Read more]

]]> 0588fc74cc45d19267db1f13d538bd51 Saskatoon replied to the topic Borrowing of money by a discretionary trust in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369974-borrowing-of-money-by-a-discretionary-trust/#post-4444236 Sun, 14 Dec 2003 09:54:44 +0000

quote:
… Many are saying that I will have to stand personally as guarantor for the loan, which will mean that funds borrowed this way would shortly dry up as banks would be reluctant to lend me money when I am guarantor on multiple loans..

Thanks,

Pegasus


I believe Steve McKnight got around this because the lenders did not ask him how many…[Read more]

]]> 45b0258a86e837711c9745b07f4e4676 Saskatoon replied to the topic Richest Man in Babylon in the forum No Subject https://www.propertyinvesting.com/topic/4369915-richest-man-in-babylon/page/2/#post-4443716 Sun, 14 Dec 2003 09:44:39 +0000

quote:
Yep, Matt I got them to work. But I had to download three of them a second time.

Cheers
Mel

Melbear, love your posts – always get something from them!
Q: At your usual hourly rate of pay (from your investment activity) what did your download of the book cost?[:)]
Terry

Terence McMahon
HomeWin
Finance

]]> 4644bb0d8813019db9036d04d0c6a782 Saskatoon replied to the topic Personal insights requested in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369965-personal-insights-requested/#post-4444138 Sun, 14 Dec 2003 09:27:42 +0000

quote:
Hi Allan,

Alternatively do you know of anyone else who is looking to buy? If you have a friend who is also interested in buying an IP you could both buy each others IP and rent them of each other – this way you have an IP and a friend for a land lord. Your friend lives in your IP you live in theirs. Caution here tho because one of you…

[Read more]

]]> bad0c41268f81eec0c7e7b1b2ff1a748 Saskatoon replied to the topic Offshore Trusts in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369914-offshore-trusts/#post-4443691 Sun, 14 Dec 2003 09:14:05 +0000

quote:
What if you set up a credit card account in NZ, have all the IP income put in the trust account. Spend in Australia off the NZ credit card and clear the debt with the income from the trust.

My understanding is that this is still regarded as income by the ATO as ‘foreign entity distribution’ or ‘foreign source income’ and should be…[Read more]

]]> 65f0c3b48bb866ab2768bd95c3ae7ec3 Saskatoon replied to the topic Property Management Software in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369995-property-management-software-2/#post-4444368 Sun, 14 Dec 2003 09:04:33 +0000 Hi.
Take a look at ‘Property Tracker’ at http://www.otter-software.com.au/. It’s Australian and it’s free; written by a property investor.
Terry

Terence McMahon
HomeWin
Finance

]]> e8d0586cace22fe9158a3344223a4011 Saskatoon replied to the topic Thoughts on the best course of action in the forum No Subject https://www.propertyinvesting.com/topic/4369856-thoughts-on-the-best-course-of-action/#post-4443277 Sat, 13 Dec 2003 01:59:01 +0000 dougdot,
another way of looking at a strategy: if you work 50hrs per week in fruitgrowing what will the annual return be on that 2500hrs work?
If you worked 50hrs per week on property investing what will be your annual return?
Terry

Terence McMahon
HomeWin
Finance

]]> ef24be19c2e27aec56a92106806e89ac Saskatoon replied to the topic Please explain ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369710-please-explain-2/page/2/#post-4442046 Tue, 09 Dec 2003 00:11:32 +0000 Michael, I have a different view to you in some aspects:

quote:
‘A couple of others things to think about when moving iP’s into trusts is that when applying for finance banks tend to treat the trust just like a person ie. they will only use 30% of the trust income (rent) to qualify for finance.’

My bank calculated at 70%, the same as an…

[Read more]

]]> 278b67ecbcdd711ce0c7b7ff882557e9 Saskatoon replied to the topic Thoughts on the best course of action in the forum No Subject https://www.propertyinvesting.com/topic/4369856-thoughts-on-the-best-course-of-action/#post-4443275 Sun, 07 Dec 2003 00:15:25 +0000 dougdot,
property investment is essentially passive, and doesm’t involve physical input from you (unless DIY renovation). Living on the income-producing propoerty e.g. an orchard and doing the work yourself might suit you now, but in 10yrs time will you still want to hop on the tractor at 6am? What if you develop health issues/injuries? Would the…[Read more]

]]> b1d2beb1656371befe7c2742a028a4e2 Saskatoon replied to the topic Gifts and the tax/pension implications in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369611-gifts-and-the-taxpension-implications/#post-4441145 Wed, 26 Nov 2003 13:03:22 +0000 Namasté,
Most of your questions can be answered by Centrelink. They have a financial advising service which is supposed to help people in your mother’s situation.
I believe that she can only gift $10,000 per year to an individual and not exceed the ‘deeming’ provisions. (She can give as much as she likes, but is deemed to be earning interest on…[Read more]

]]> 2c5939d29c075951689e3b1b7109daaa Saskatoon replied to the topic How to set up a trust account in the forum No Subject https://www.propertyinvesting.com/topic/4369431-how-to-set-up-a-trust-account/#post-4439731 Mon, 17 Nov 2003 23:32:30 +0000 Kevin.
your first check would be on the FIRB website.
Then take a look at NZ ‘off-shore’ trusts – do a search – look at http://www.family-trust.co.nz or look for ‘asiaciti’. These will give you a start.
Note: not a recommendation or advice!
Terry

Terence McMahon
HomeWin
Finance

]]> 26bb3893e4558d81f01774ab56639224 Saskatoon replied to the topic Bringing money into the country in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369401-bringing-money-into-the-country/#post-4439480 Fri, 14 Nov 2003 22:52:31 +0000 Sebastian,
I think that it might work in limited circumstances. Look at the Foreign Investment Review Board website for details. There are restrictions on foreigners (the offshore company in your proposal) buying real estate in Aust.
Terry

Terence McMahon
HomeWin
Finance

]]> 59886a392d3b72657122c73aae0e2820 Saskatoon replied to the topic First time home buyer - and scared! in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369356-first-time-home-buyer-and-scared/#post-4439200 Wed, 12 Nov 2003 09:26:48 +0000 Hi Phil.
One of Anita Bell’s books (not sure which one now – I think the investment property one) has a good checklist in it. You might even find it in the local library.
Terry

Terence McMahon
HomeWin
Finance

]]> f6b3623057aa05b0788df2570cacbf21 Saskatoon replied to the topic renting my own home/Capital gains tax? in the forum General Property https://www.propertyinvesting.com/topic/4369087-renting-my-own-homecapital-gains-tax/#post-4437007 Wed, 29 Oct 2003 06:27:51 +0000 Hi BEAR1964,
Nick has not mentioned that if you move back into your PPOR before you sell, then you should be able to avoid any CGT because of the 6 year exemption rule. You have to work out which property will have less CG and claim on the other. Anyway, why sell?!
Terry

Terence McMahon
HomeWin
Finance

]]> 07c54b1ce950aaa5f2972039bb5ea0ec Saskatoon replied to the topic Buy IP in own name or Company/Trust? in the forum General Property https://www.propertyinvesting.com/topic/4369063-buy-ip-in-own-name-or-companytrust/#post-4436846 Wed, 29 Oct 2003 06:14:49 +0000 Hi fullout.
The usual advice is NOT to buy appreciating assets through a company. For one property a trust would probably not be worthwhile because of the costs. Ca$hking is right about the transfer costs too.
Lenders don’t mind lending to trusts as they will take director’s/trustees guarantees on the loans.
Have a look on the Somersoft site…[Read more]

]]> 442536295d48e026fff34487626165c9 Saskatoon replied to the topic Having troubles with 11 second rule in the forum General Property https://www.propertyinvesting.com/topic/4368965-having-troubles-with-11-second-rule/#post-4435954 Tue, 28 Oct 2003 00:01:52 +0000

quote:
hi saskatoon,

i just worked the information based on how much the sellin price of the property is.

Other costs i just assume that will be paid in cash, and only the loan for the full amount of the purchase price is required.

thanks

still_in_school

Hi still_in_school,
yes, but where does the cash come from? I don’t consider that if you…[Read more]

]]> 795c3942f28c59594ba0e4d7fadf81b3 Saskatoon replied to the topic Having troubles with 11 second rule in the forum General Property https://www.propertyinvesting.com/topic/4368965-having-troubles-with-11-second-rule/#post-4435952 Mon, 27 Oct 2003 02:57:49 +0000

quote:

quote:
I have found a property that I would offer $85,000 for that has a tenant paying $145 pw.

Can someone tell me if this is a good deal or not?
The house is neat and low maintenace.

Like you Andrew I am not sure when to step outside of the 11 second rule and to what extent.

Here to help. Cherly first up i caculated this for…

[Read more]

]]> f4498279afa37ad39f1ea93b9f242e8c Saskatoon replied to the topic -ve gearing, tax & ATO form 2036 in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368743-ve-gearing-tax-ato-form-2036/#post-4433915 Wed, 15 Oct 2003 21:46:19 +0000 Hi polar bear.
in my experience a lot of investors use this arrangement. I used it 15yrs ago to good effect(the name of the form has changed recently – used to be 221D or something like that, which is why others may not have answered).
Use the money as Erika suggests – offset against your PPOR loan if you have one.
Terry

Terence McMahon
HomeWin
Finance

]]>