bb8If you are at risk because of your job, then operating thru a separate company will limit your liability to some extent. It may also allow you to divert income into the trust with the losses so the income from the business can offset the losses. This will reduce your taxable income too.However, the banks will view this as being self employed…[Read more]

Hi LinarThanks for your post. I have heard conflicting info from lawyers regarding the ability to lodge caveats. I am stil convinced that for someone to lodge a caveat on someone else's property that person would need a equitable, or legal, interest in the property. eg. a spouse under family law act, a beneficiary of a trust, unregistered…[Read more]

Put in a paper application? Or put down the date you acquired the land maybe

The legal entity doesn't matter for calculating stamp duty on the option.An option to purchase in dutiable property, s 10 Duties Act 2000 (vic)http://www.austlii.edu.au/au/legis/vic/consol_act/da200093/s10.htmlThe amount would be on the option fee.A put call type agreement is one where you are in a binding agreement. The seller cannot exit because…[Read more]

Some people actually sing papers allowing people to lodge a caveat if a bill isn't paid – solicitors and builders often do this. It may also depend on what the debt is for. eg. if you lend X $20,000 and X uses the money as deposit on the property, then you would have an equitable interest in that property.Re the selling of property, this is not…[Read more]

Tax rates have dropped slightly. And you rents have probably risen a bit – but so too has interest rates.

Your welcomeI can't stand to see people lose money, or not save money, when a simple adjustment of how they structure their loans will save them.

Look up the Duties Act in the state you are buying and see if options are dutiable property. NSW has introduced new stamp duty rules on put/call options too where they are treated like buying a property outright. Before people used to enter into a put/call option agreement and then onsell the property with the stamp duty being based on the option…[Read more]

There are ownership issues with non citizens buying land in Indonesia. Do a google search and you will see how complex it is.There are other issues too such as:- Language – can you read contracts in Indonesian?- Ripping off the foreigner – seems like foreigners will get charged extra for everything from cleaning to repairs ot electricity. This may…[Read more]

Thats almost a deposit ona small house!Why not just learn here for free.

That sounds about right. Just don't use the redraw on loan 1.Since your current home is going to be an investment you could borrow from Loan 2 now for paying all associated costs. Later on when you do rent it the interest should be deductible as you have incurred the interest in money borrowed for the property that is being rented..

What sort of job are you doing, and are there any vacanies?

makes you want to go and work overseas!

Maybe do some cashflow projections and see how it goes. Just assume the trust is a separate person with no other income.

Well, its still difficult to decide because:- If you use a trust any losses cannot offset your personal incomes. If you add up depreciation expenses, travel expenses then there could be a large loss. maybe $10,000 pa. If in your personal name then you could tax maybe $3,000 in tax. Not so in a trust, unless you are self employed maybe.- You may…[Read more]

Great. Whats sort of rates are you looking at? 2-ish% or there abouts?

Intrigue wrote:
I am amazed that someone can put a caveat on someone elses house!I am wondering now why the small business man who is owed funds from the rich man on hill doesnt put a caveat on his home?A tenant could do this to the home they rent so that the landlord cannot sell and thus they secure a long term rental opportunity.. hmm..…[Read more]

there are so many issues involved that it would be hard to provide an answer.It would depend on many factors such as:- which state will you buy in?- are you at risk of litigation- Your income- You family's income- any kids- will the property be producing an income lossetc

Good point Jack. And some landlords insurance policies only apply if the property is rented through an agent.

Very good Richard. Do u have a PDF of the article you could share? or maybe there are copyright restrictions.