PropertyInvesting.com | st81hp79 | Activity https://www.propertyinvesting.com/members/st81hp79/activity/ Activity feed for st81hp79. Mon, 13 Apr 2026 00:14:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 623cc95b85c8468d237545d1b5b1da47 st81hp79 replied to the topic Our True Wealth in the forum General Property https://www.propertyinvesting.com/topic/4403782-our-true-wealth/#post-4648889 Thu, 08 Sep 2011 03:22:50 +0000 Dear Angel,   My heart aches for you, when I lost my brother (Martin) I was pregnant at the time, also my hubby and martin were best friends since childhood. Martin passed away not long after my marriage and wasn’t able to meet my two boys.   The legacy of my husband and Martin friendship still continues…. My two boys are a look alike to…[Read more]

]]> c105a129627bc5f936440de13eae9929 st81hp79 replied to the topic Should I transfer the IP to a DT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404568-should-i-transfer-the-ip-to-a-dt/#post-4654730 Wed, 31 Aug 2011 11:30:40 +0000 Thanks Terry, for adding the link.I googled and studied on Cumins case, and it was interesting… That means I have to get legal advice before going ahead with the transfer.

]]> 8f5960185214eb1a66d4fd8463ccf5b8 st81hp79 replied to the topic Should I transfer the IP to a DT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404568-should-i-transfer-the-ip-to-a-dt/#post-4654728 Wed, 31 Aug 2011 06:43:43 +0000 Thanks guys for the given advice,I will need to look at the bigger picture, I Would need to sit down with a knowledgeable accountant and work with some numbers." I’ll rather pay today dollar than tomorrows".Cheers : )

]]> b995a82b33d634023fa073e40f479cda st81hp79 replied to the topic Should I transfer the IP to a DT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404568-should-i-transfer-the-ip-to-a-dt/#post-4654725 Wed, 31 Aug 2011 00:40:28 +0000 Yep, the wrong advice has dug a massive hole in my pocket! To make it worse he is a distant family member too.Terry, you probably aware that I have recently set up a DT  to purchase another IP.Ideally, to minimise risk I should create another DT for the transfer. Will there be any risk if I was to have the same trustee? "Asset protection is we…[Read more]

]]> fce78b90f659d07846e10d15bf4ccb4c st81hp79 replied to the topic Should I transfer the IP to a DT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404568-should-i-transfer-the-ip-to-a-dt/#post-4654722 Tue, 30 Aug 2011 13:39:28 +0000 Thanks Mike & Terry for the replies,Interesting.. Terry you have mention that asset protection will be weakened by transferring an existing asset to a related trust. Does that also include by having a corporate trustee?Mike, My accountant is stupid! I confronted him in regards to our plans and goals before the purchase. It seems that he wasn’t t…[Read more]

]]> cdd6aa844b58fbd2b6780280c75d4e89 st81hp79 replied to the topic TOO SCARED TO SPEND in the forum General Property https://www.propertyinvesting.com/topic/4404343-too-scared-to-spend/#post-4653166 Tue, 09 Aug 2011 01:21:55 +0000 Hi George,I find it interesting though,there are 2 types of people. The ones that are still spending don’t care or are unaware of the economy. Where as the others are afraid of where the future will be heading and is cautious on their spendings.We own a mixed business, liquor and grocery. Our grocery has dropped in sales. But, our liquor d…[Read more]

]]> 17ab707a76c0413f8462f75f3f6199a8 st81hp79 replied to the topic Lending a deposit to the family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404265-lending-a-deposit-to-the-family-trust/#post-4652503 Mon, 25 Jul 2011 00:23:16 +0000 Thank you to all! This forum has been very helpful  :) I am going to see my accountant this afternoon to get his opinion before I sign any RE deals.Cheers

]]> 3b6053b4e3fac7bb18392096fe21112d st81hp79 replied to the topic Lending a deposit to the family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404265-lending-a-deposit-to-the-family-trust/#post-4652500 Sat, 23 Jul 2011 09:56:14 +0000 Hi Terry,Thank you, for making it clearer to me.If it’s best to write loan contract, would a solicitor need to be involved?Also regarding to my first post, which bank account needs to draw out the cheque? I would like to make an offer on a property, hopefully I can get a better understanding investing through a DT.Kind regards

]]> 507f4adfeb6b5e1a0e8b754582132716 st81hp79 replied to the topic Lending a deposit to the family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404265-lending-a-deposit-to-the-family-trust/#post-4652498 Fri, 22 Jul 2011 13:02:58 +0000 v8ghia wrote:
HI,If you are paying a deposit to purchase the property, and seeking finance then for the balance, you MUST pay the deposit via the trust or you will be in breach of SMSF legislation, which could have serious repercussions for you. You cannot 'reimburse' a third party from the SMSF for the deposit. Of course, you could make a…[Read more]

]]> da68befdcfe50313b7791d9b537bcbe4 st81hp79 replied to the topic Title - Joint proprietors - Kids on the title? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403912-title-joint-proprietors-kids-on-the-title/#post-4649614 Sat, 11 Jun 2011 02:59:08 +0000 Terryw wrote:
I am an answerer!

  LOL

]]> e5c48a289617897ed4e873f81099d88a st81hp79 replied to the topic The Death of the Appointer in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403802-the-death-of-the-appointer/#post-4648986 Sat, 04 Jun 2011 00:53:33 +0000 Thank you for the above advice.I have gone to see a solicitor last week to seek advice.You are correct Terry; changing appointors would not resettle the trust. I had a debate with the solicitor that I believe a minor could be name as an appointor in a Will. I am assuming as long as the minor appointor has a guardian. Am I correct on this? Can…[Read more]

]]> 69d18eb180e393b6395de403e48ae42e st81hp79 replied to the topic Self employed vs. corporate trustee in the forum Finance https://www.propertyinvesting.com/topic/4403541-self-employed-vs-corporate-trustee/#post-4647135 Wed, 04 May 2011 23:21:33 +0000 Shape wrote:
If the directors solo income is from this "company" then its Self employed. Regards Michael

Hi Michael,If that is the case, hopefully changing the ownership structure of the business does not affect me. I have been self employed in the same business for more than 8 yrs I wouldn’t want to wait for at least two years to qualify f…[Read more]

]]> d775ecb5d8cced7c26e8c001733de256 st81hp79 replied to the topic corporate Trustee in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403387-corporate-trustee-2/#post-4646131 Wed, 20 Apr 2011 07:46:31 +0000 Hi Terry,My accountant has got back to me on the above question and you are spot on!The "Appointer" they believe can't be sued by an external party, so the role should be safe.regarding to the RE contracts, you are right, the directors of the trustee company signs the contracts.So if that's the case what's the cons and pros of having 2…[Read more]

]]> 1140f80859bef9b91c4c800a766c714c st81hp79 replied to the topic Discretionary Trust Deeds in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403344-discretionary-trust-deeds/#post-4645822 Mon, 18 Apr 2011 03:28:56 +0000 Terryw wrote:
There is a very expensive book out there called something like "Drafting wills and trusts" which is a good read. It outlines the anatomy of a deed and explains each clause in a deed and what it is for etc. Costs about $350 but I think there is a CD included too which contains draft deeds and different clauses. This book is…[Read more]

]]> 813a346d2bc609e3853a78491a671b92 st81hp79 replied to the topic Chan & Naylor Accountants - Reviews? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399306-chan-naylor-accountants-reviews/#post-4620608 Thu, 31 Mar 2011 14:22:08 +0000 Kuradji wrote:
Hi I used the Sydney mob. (Pymble) Paid the $500-ish for the financial assessment. It took 2 hours and the guy was very personable, but I got nothing out of it. Also you have to fill out forms so they know everything about you before you go, but of course in my case the guy I was supposed to see was replaced at the last moment…[Read more]

]]> 9056afe8aa43dd958064d7be1c9b4a72 st81hp79 replied to the topic DT or PIT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403009-dt-or-pit/#post-4643465 Fri, 11 Mar 2011 07:22:28 +0000  Hi Terry,We have had the business for over 8 yrs – the first 5 yrs we did split the income evenly until my hubby went back to work full-time.My accountant suggests to distribute only a percentage of the business income to my husband to minimise tax. And he mentioned that it's possible only if the partnership is husband and wife – and if either…[Read more]

]]> 5744af19a7bfb251e9b06007baab67fd st81hp79 replied to the topic DT or PIT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403009-dt-or-pit/#post-4643463 Fri, 11 Mar 2011 05:31:20 +0000 Hi Terry,Sorry for my ignorance, with a unit trust do you have to distribute income exactly according to the units you hold in the unit trust?If so, then I am better off setting up a DT with a corporate trustees because of its flexibility in distributing income.And if I were to establish a DT with corporate trustees, how difficult is it to obtain…[Read more]

]]> c0d21673642ae248757d52272abb5a49 st81hp79 replied to the topic DT or PIT? in the forum Toob wrote:Hi st81hp79 I am https://www.propertyinvesting.com/topic/4403009-dt-or-pit/#post-4643457 Thu, 10 Mar 2011 09:29:19 +0000 Toob wrote:
Hi st81hp79I am in exactly the same position and have an appointment with C&N in 2 weeks.  Please let us know the outcome of you meeting as too what they suggest is best.  I am nervous about the PIT due to alot of information suggesting how difficult finace can be to obtain.  Also unsure how the ATO views this st…[Read more]

]]> 7b59f58d33d2d9fb1dc0c61910b973a9 st81hp79 replied to the topic DT or PIT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403009-dt-or-pit/#post-4643456 Thu, 10 Mar 2011 08:24:24 +0000 Terryw wrote:
If you want to set up a "PIT", you need to ask some serious questions, especially about the "never ending" bit. It is true that SA is the only state with no legislation against the laws of perpetuities, but there are well established common laws against perpetuities – would these apply if there is no legislation? Are they relying…[Read more]

]]> 0f438945b9e84bdbf290013929c68625 st81hp79 replied to the topic DT or PIT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403009-dt-or-pit/#post-4643453 Wed, 09 Mar 2011 11:36:20 +0000 Scott No Mates wrote:
Transferring your last IP may not trigger cgt but you will be liable for stamp duty. You will need to have your trust set up prior to signing your contract of sale.

Hi Scott,My apologies, sorry I meant stamp duty. Let's say if I was to sell my last IP property to the trust can I sell at any price? or does it have to be…[Read more]

]]> 9922f6c1d06971aafd294745c34073a7 st81hp79 replied to the topic Changing Accountants - Need Help in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402671-changing-accountants-need-help/#post-4641031 Mon, 14 Feb 2011 04:28:02 +0000 Hi the crest,Oops!.., don't know why it did'nt post.It seems like we are in the same postion "need to change accountant".My accountant has looked after our business for 8 yrs and my parents for 20+ yrs.He has work together with our  family for a long time, and known him to be as  a member in the family."Yes"  I  feel same in your situation gui…[Read more]

]]> f69ca482e7deda6cc3febefb73ce3fbd st81hp79 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/15/#post-4602785 Thu, 03 Feb 2011 23:55:13 +0000 This report has given me a indication of the price range, thank you soooo much!!!!!EXCELLENT work!! Speedy prompt service.     .Once again thank you, hope to do business soon…..Will highly recommend you to my family and friends…

]]> cfb1a96455703438c5bc9468b67e574c st81hp79 replied to the topic Finance for a block of 4 units in the 1 title in the forum Finance https://www.propertyinvesting.com/topic/4402625-finance-for-a-block-of-4-units-in-the-1-title/#post-4640740 Tue, 01 Feb 2011 02:40:50 +0000 Hi Micheal,I have purchased a block of 2 units before and  done huge reno to the property.But I have'nt purchase anything on a 10% dep B4 using my dep funds from a equity loan.I have read plenty of books and attended property investing seminar they all have the same quotes" Savers are Loser" us other people money to make money.I have tired to…[Read more]

]]> a900dde59c96fb02271b3ea70f2fa7c0 st81hp79 replied to the topic 6 year rule - principal place of residence in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402631-6-year-rule-principal-place-of-residence/#post-4640778 Tue, 01 Feb 2011 02:12:42 +0000 Congulations on joining the forum,I am the same! long time reader, post for the first time yesterday.Justifying using the "Absence Rule"The 'six-year absence rule' is simply a choice.You don't have to have a good reason for your absence, such as being transferred in your job. Section 118-145 simply says in subsection (1) "If a dwelling that was…[Read more]

]]> 90d5a1176d9f2f429d293a028b6b9e1d st81hp79 replied to the topic Finance for a block of 4 units in the 1 title in the forum Finance https://www.propertyinvesting.com/topic/4402625-finance-for-a-block-of-4-units-in-the-1-title/#post-4640737 Tue, 01 Feb 2011 00:45:12 +0000 Thank you for your helpful replies,My 2 previous IP is with Westpac. I took a $120,000 equity loan from my first IP with westpac.to fund a deposit for my next IP which will be with CBA.This time I am interested in purchasing a block of units which I only have enough for a 10% dep + stampdutyWe are looking for reno block of units,hopefully to only…[Read more]

]]> d2ef2b70c4911643f0adc3dfab282317 st81hp79 replied to the topic USA MULTIUNIT PROPERTY INVESTMENT in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401939-usa-multiunit-property-investment/#post-4636576 Mon, 22 Nov 2010 03:21:36 +0000 Hi Anthony,I am new to the thread,I once was  interested in the US property market, I think you have to do your due diligence's very carefully.Things you have to considerUnemployment is very high in the US comparing to Australia. Rental is very competitive over there, you have to consider tenants moving in and out of the property in short term…[Read more]

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