Howdy Stargazer. Member since 2002 eh? Thanks for sticking with me :-)

The problem here is that you are letting the asset lead the outcome. That is, you don’t know what to do because you don’t seem to have a clear picture in your head about what you want your assets to achieve.

Here’s what I wrote in prep for a Money Magnet podcast yesterday:…[Read more]

Howdy Stargazer. Member since 2002 eh? Thanks for sticking with me :-)

The problem here is that you are letting the asset lead the outcome. That is, you don’t know what to do because you don’t seem to have a clear picture in your head about what you want your assets to achieve.

Here’s what I wrote in prep for a Money Magnet podcast yesterday:…[Read more]

Howdy Stargazer. Member since 2002 eh? Thanks for sticking with me :-)

The problem here is that you are letting the asset lead the outcome. That is, you don’t know what to do because you don’t seem to have a clear picture in your head about what you want your assets to achieve.

Here’s what I wrote in prep for a Money Magnet podcast yesterday:…[Read more]

Hi,

This is an interesting question and I would have thought something would be legally possible, I just don’t know how. As it is a legal matter, it is best to seek legal advice. You may also like to look into reverse mortgages (do your due diligence) as a way of unlocking equity.

I imagine there will be taxation consequences of co-owning, and…[Read more]

Thanks for the post.

I’m sad to learn your professional network is telling you something can’t be done when mine time and time again says it can be (and I continue to use and apply it).

I’m not sure how you reconcile that, and I’m over repeating myself over and over and over again on this issue.

If you can’t,  you can’t. If you can, you can.…[Read more]

Thanks for the post.

I’m sad to learn your professional network is telling you something can’t be done when mine time and time again says it can be (and I continue to use and apply it).

I’m not sure how you reconcile that, and I’m over repeating myself over and over and over again on this issue.

If you can’t,  you can’t. If you can, you can.…[Read more]

Hi Charlie,

That’s interesting as I am in the final stages of winding up my USA affairs after investing there since 2009.

The best tip I can give you is to remember that money follows management. Deals might stack up on paper, but unless you have strong, reliable and trustworthy management, you will struggle to put bucks in the bank.

The…[Read more]

Hi Charlie,

That’s interesting as I am in the final stages of winding up my USA affairs after investing there since 2009.

The best tip I can give you is to remember that money follows management. Deals might stack up on paper, but unless you have strong, reliable and trustworthy management, you will struggle to but bucks in the bank.

The…[Read more]

G’day there. This is a question of whether the improved value exceeds the cost of acquisiton and improvement (rezoning) by enough of a margin to justify the risk and aggravation. You’ll need to do your numbers to find out.

One thing I would be trying to figure out is whether there is demand for such land, and if so, at what price. Pre-sales would…[Read more]

Hello Charlie,

This has not been my experience, nor the experience of all other’s I know.

I will do an update on the matter via a webinar soon.

Remember that the structure only works for +ve cashflow property and you will need to use business bankers. Contact Chris Berry from http://www.PropertyInvestingFinance.com for more assistance.

Bye,

– Steve

Hello Jon.

Thanks for your post and sorry to read about your situation.

I am confused about the insurance policy. Whose name is it in – yours or the bordy corporate (BC)?

I would expect the BC would ensure for public liability and for structural matters for common areas, but that each owner is responsible for their portion of the building…[Read more]

It can be hard to get loans based on business income Charlie. Let me explain…

First of all, the business is its own entity, and if it already has debt then that will count against further borrowings. The business will likely need several years of financial statements and tax returns to support profitable operations, or else will require a…[Read more]

Hi Charlie,

Perhaps your lawyer has a view I haven’t heard before, but my understanding of trusts, companies and corporate law is that trusts separate ownership and control. Can your accountant contact your lawyer to confirm their opinion and perhaps provide you with a summary?

All the best,

– Steve

Hi Charile,

Perhaps your lawyer has a view I haven’t heard before, but my understanding of trusts, companies and corporate law is that trusts separate ownership and control. Can your accountant contact your lawyer to confirm their opinion and perhaps provide you with a summary?

All the best,

– Steve

Hello there.

What’s the address please? Let me do a little bit of searching.

Do you have any marketing from when you purchased that says the larger land size? Can you demonstrate that you relied on the real estate agent’s representations(perhaps by communication pointing to discussion about land size?)

Most advertising material does come with…[Read more]

Hello there.

What’s the address please? Let me do a little bit of searching.

Do you have any marketing from when you purchased that says the larger land size? Can you demonstrate that you relied on the real estate agent’s representations(perhaps by communication pointing to discussion about land size?)

Most advertising material does come with…[Read more]

Hi there,

I wish I had better news, but the stamp duty laws are pretty tight, and I understand options to purchase are caught in many instances.

I suggest engaging the services of a good property development lawyer to guide you through what might be able to be done, just in case your current legal team haven’t thought of something.

It might…[Read more]

Hi there,

I wish I had better news, but the stamp duty laws are pretty tight, and I understand options to purchase are caught in many instances.

I suggest engaging the services of a good property development lawyer to guide you though what might be able to be done, just in case your current legal team haven’t thought of something.

It might just…[Read more]

Hey Dallas,

Yes, the approach continues to work: for the right investor buying the right property.

You will need to go and get legal advice about the right trust and how to set it up. That will cost several thousand dollars.

I have a resource called ‘Buyer Beware’ that explains all the structures, but it is currently out of print and needs an…[Read more]

This sounds like a question for a lawyer or consumer rights service.

The only help I can offer is that most tenancy laws require the premises to be safe and habitable. Perhaps one could argue this is not the case if the property has not been properly authorised?

Bye,

– Steve