Total Members: 158,387

Simon C

  • Simon C replied to the topic Sell my home to my Trust in the forum Legal & Accounting 17 years, 9 months ago

    Hi there cia

    Just curious as to your main driver to sell it to a trust. I understand the many benefits you can get from a trust structure as have that structure myself as plan one day to move IP’s to an SMSF should super tax concessions remain as they are now.

    I had started our buying IP’s in my name and now moving to buying within a trust…[Read more]

  • Simon C replied to the topic What to do with $250,000 in the forum Help Needed! 17 years, 9 months ago

    Simple one. I’d pay down the mortgage and work on paying off the other $50k. At the same time I’d unlock the equity in the current property and look for an area and strategy to invest in property’s using a trust structure.

    You’d use the equity loan to fund deposits by gifting it to the trust, and borrow 80% against the property you have chosen.…[Read more]

  • Simon C replied to the topic The costs of sub-dividing? in the forum Value Adding 17 years, 9 months ago

    Hi Karl and Rita

    Ironically I am looking at the same same process also in North Ipswich with an exact same size corner block.

    Your first step is to contact Ipswich City Council and discuss with a planner for you area. They will tell you if your block is subdivideable and also give you some idea on the ease based on where the sewerage is on the…[Read more]

  • Simon C replied to the topic re:kambalda wa in the forum General Property 18 years, 2 months ago

    I own a property there and have been advised by a local RE agent that a group of investors from the Bunbury area swooped in October 05 and purchased 35 properties estimated at about $3m!

    They were aparently well researched and possibly have contacts with a major mine company. They were aware the rental vacancy rates was around 25% at that time,…[Read more]

  • Simon C replied to the topic mining towns in the forum Help Needed! 18 years, 11 months ago

    Hi Nspeed

    Quantifing the reason you want to invest in these area may also help deside if its a good idea or not. I personally think they provide income opportunities for investors more so than capital gains as do own investments in some mining towns that return healthy yeilds. However, I do not expect significant capital gains even in the medium…[Read more]

Simon C

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