PropertyInvesting.com | smooth | Activity

smooth replied to the topic Setting up a COMPANY or a TRUST in the forum No Subject

Mon, 24 May 2004 03:02:44 +0000

Hi All…

Thanks very much for all your advice.
I will be seeking professional advice on this matter, but, I thought I’d seek a direction as to what to seek professional advice on. ( And you all have given me that direction ).

I appreciate the feedback.

Will keep you posted as things progress.

All the best.
ME!

SMooTH by name…
SMooTH by…[Read more]

smooth replied to the topic IP Loan for a Company with Personal Guarantors in the forum Finance

Fri, 21 May 2004 04:33:52 +0000

Hi Pisces.

Thank you for your input, I will take it into consideration along with everyone elses suggestions.

It all just gives me more options to research and investigate, so it’s all appreciated.

SMooTH by name…
SMooTH by reputation…

smooth replied to the topic Setting up a COMPANY or a TRUST in the forum Legal & Accounting

Fri, 21 May 2004 04:26:54 +0000

In addition to this dilemma, lies my personal dilemma.

At present the company structure would be setup so that we all have equal shares in the company.
The two other people, already have family trusts setup, and are planning to setup the company using their family trusts as apposed to their personal names.

I, on the other hand, do not have a…[Read more]

smooth replied to the topic IP Loan for a Company with Personal Guarantors in the forum Finance

Thu, 20 May 2004 14:40:31 +0000

Thanks again Rob.

I will definately post additional information as we move along, and as new information comes to me.

I’m actually feeling a little better ( relived ) knowing that someone ( more educated that myself ) is confident that we will be able to acquire the loan, and that we are in a semi-possible situation rather than up S**T creek…[Read more]

smooth replied to the topic IP Loan for a Company with Personal Guarantors in the forum Finance

Thu, 20 May 2004 14:16:06 +0000

Hi Rob.

I was hoping you might find your way to my Forum topic, as I have been reading through a few of the other posts, and found your advice to be very interesting ( and taken note of your email address ).

This IP is the first investment property for the newly formed company. We can acquire enough finances between the 3 of us to cover the…[Read more]

smooth replied to the topic IP Loan for a Company with Personal Guarantors in the forum Finance

Thu, 20 May 2004 13:46:28 +0000

Thanks for your reply Terry.

Thus far I am in early stages of my research.
What is it that makes 100% finance impossible for a situation such as this?

Does it make a difference if I metnion we are looking in the INTEREST ONLY loan direction?

Look forward to reading further posts.

SMooTH by name…
SMooTH by reputation…

smooth replied to the topic Glossary of Terms in the forum General Property

Tue, 24 Feb 2004 02:51:30 +0000

Here’s a couple to get started with :

PPOR – Principal Place of Residence = HOME
LMI – is an insurance payable when a loan is over 80% of the security property’s value. It can be quite expensive but does allow you to buy with a smaller deposit.
FHOG = First Home Owner Grant
CF = Cashflow
CF+ = Positive Cashflow
CF– = Negative Cashflow ( N…[Read more]

smooth replied to the topic Shelf Companies in the forum No Subject

Fri, 20 Feb 2004 07:36:38 +0000

Hope this doesnt sound like a silly question, but can you tell me what a ‘Shelf Company’ is?

Does it mean a Warehousing Company, because that’s what I thought the Company : Corporate Express does.

Thanks.
S.