Guys

Does anyone know if QueenBee creates a trust and the existing company that owns the property becomes the trustee can the property and other assets belonging to the company just become part of the trust. I am guessing no but it is a thought.

QB You might want to contact Dale Gatherum Goss 03 9723 7699, he a well know accountant that…[Read more]

Wow those last few were some really great posts, and thanks for the kind words, I too have loved reading every word in this thread.

It is great to know that we are all so similar but all have the same burning desire.

It is a pleasure getting to know all of you[]

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

brighton bob

I agree with maximus that Fast Track is a great starting point for around only $15.

Also a tip is to go to the library with the list of books you are after and start there, as you can always go and buy the ones you liked best. Saving every penny helps to buy more properties.

Good Luck
Leigh K[]

Read, learn, grow but most of all just do it.

“Mogi”[]

I swear girl, Steve is watching, he is going to whip you up onto that stage on Saturday and have you doing a segment on NZ. And if not that he is going to do a whole new seminar that I’ll pay another thousand bucks for, called M&M in NZ![]

That was a fabulous post (not the one about your piles!) and I for one want to have a good chat…[Read more]

getting there

I made a post on the wrap forum page a couple of days ago about the only stamp duty exemption available you might want to have a look at it in case you fit the criteria.

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

I just have to add;

Westan

I disagree withyour comments, there is a difference between negativity and a difference of opinion. The difference of opinion is the valuable part. The negativity is a waste.

Steve

I can apprecite the post in that context, however this is not the only post that has soured the forum in the past weeks. I am simple…[Read more]

Folks

I just have to say I am so tired of reading posts on this valuable forum that are implying whether tongue in cheek or not that the people on this forum are ‘lemmings’ for want of any other phrase.

I beleive the people on this forum, whilst inexperienced in some cases, are doing their very best to try to aviod the pitfalls of investing…[Read more]

Hi All

Just thought I would bring this post forward again so the newbies can tell us who they are and read about who we are.

Cheers & Goodnight[]
Leigh K[]

Read, learn, grow but most of all just do it.

Hi Mother

I do two things for ongoing costs, first I firm up all possible annual costs like current rates, insurance and then still allow 5% of rent as a buffer, either for maintenance or incidentals.

Hope that helps you.

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

sindone & DRAM,

I highly recommend Steve’s Wealth Guardian as a great starting point to explain all the different structures and then get hold of an amazing book called Trust Magic available in the book section API Magazine. Or at http://www.gatherumgoss.com/

They are both must reads for anyone thinking about there structures.

Cheers
Leigh…[Read more]

Evelyn

I didn’t get what you ment could you say it again, it sounded interesting.[]

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

Hi wild nothing

quote:2) Off the topic above. I have about 4 properties that interest me in NT that i’m thinking about investing in. They are within my price range, and I think I could get decent rentals. Basically I’m just looking for a property that wont cost anything out of my pocket to run, even if it is with an interest only loan. I’m not…

[Read more]

gianni

Never buy an appreciating asset in a company name unless the company is the trustee for your trust.

Company tax is always 30%, and have no CGT concessions, it is not the best structure to purchase in.

As for how it affects borrowing, my understanding is that it depends on the type of trust you have and how the funds are borrowed.

I am…[Read more]

MiniMogi[]

It is starting to look like you are our resident NZ expert, I think Steve should leave a space in the program for you at the next seminar.[]

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

Hi Scott

Well done, it is great to hear the success you are having in our great country towns.

Keep up the good work our ‘country town folk’ need you.

And as you say the good deals are still out there, enough for everyone.

Cheers
Leigh K

Read, learn, grow but most of all just do it.

And that funny glazed look that comes over their face when you try to explain what you are doing, usually it’s this one [] or this one [xx(].

I think my mum thought I was going to buy her a house because I bought one for someone else. Not much chance mum![]

Cheers
Leigh K

Read, learn, grow but most of all just do it.

Hi it worked.

Leigh K

Read, learn, grow but most of all just do it.

rogue133au

Welcome to the forum. As usual Del has given great advice and I am a strong advocate of the advice given by riegaz94, read, read, read.

Like Del, and I am sure many others (yourself perhaps) I wanted to be doing more with our equity and wanted to work towards a better life (not that it’s so bad now[]).

When I came across this forum I…[Read more]

Hi Del

Long time no chat too[].

I watched that show tonight and gather there has been a series all week, am I right?

Like most ACA and Today Tonight programs there is little substance, BUT like you there episode back in Feb about the reno queens is what led me to PI.com so from that point of view I see it bringing a lot of newbies to the forum…[Read more]

I’m with AD, Dale is in Kilsyth and worth the drive.

Cheers
LeighK[]

Read, learn, grow but most of all just do it.