Why won’t the tenant leave, I am sure that this knowledge would help you find a win win solution to your problem. Sometimes we assume the worst and hope for the best in stead of looking for the best solution.
I suggest that if you haven’t already buy and listen to Steve & Daves Fast Track, they have a story on there about “Jammo” that you will…[Read more]
Hybrid Discretionary Trut is only used when you are planing to buy CF+ and Neg geared properties.
Otherwise if you are only buying cf+ thn a standard family trust is all you need.
Yes most investors have a trust structure set up for asset protection and the cost varies between 1700 and 2000 this includes the set up of your company as well.
I would suggest that you firm up your figures, because estimates can make or break a deal. So be clear first.
Then I ran your number making a couple of changes first make your term 30 years and calculate using your current interest rate because you can fix the term as long as you like and the get out on that amount if you ever need to…[Read more]
First my apology for leaving this thread as it is and where it is … until now … as I an not a religious person at all and therefore had no interest in the thread and had not been reading it.
I will add that I do fully respect any persons religious beliefs and have no problem sharing those beleifs with my friends along with their…[Read more]
You don’t need a trust if you are only ever going to purchase 1 or 2 IPs or if you are only setting it up to minimise tax.
We have a trust currently with 3 properties in it and soon to have some shares in it and of course more property. It was set up for 2 reasons one to keep our investing totally seperate from ourselves which really…[Read more]
Sorry to hear about your situation, divorce is the greatest wealth destroyer, but it doesn’t have to be the end… and you seem to understand that part already. Just don’t let your hurdles stop you now!
You are entering the market at the top of a huge property boom over the last few years so you are a little…[Read more]
We have purchased a new PPOR where the purchase price is just over our heads but we loved the house so much (all emotional) so we submitted an offer that said we would pay full asking price with $X00k on settlement @ xx/xx/04 and $35k on xx/xx/05 at x.xx% (currently 1 year fixed rate with NAB)
Thanks for the very interesting insight it certainly does make it easier to understand your position on seminars knowing your background. I am also sure that others will appreciate your posts more knowing your experience.
Cheers
Leigh K[]
Investment unit for sale – includes a rental guarentee.
You a doing yourself a huge injustice by not buying this “E” book (not available in a library) it is a fabulous resource that I am still using 12 months later. Plus at the moment I think you get a huge bonus of tapes with it – I didn’t get that!
Also if you are going to avoid paying for something don’t advertise on the sellers…[Read more]
I read Steve’s Wealth Guardian first and was delighted that it explained trusts in a very simple way, then I read Trust Magic and feel this is a bible of trusts but still think Wealth G is needed if you have no understanding of trusts.
Cheers
Leigh K[]
Investment unit for sale – includes a rental guarentee.
Would you mind giving us a little insight into your investing experience, just to support your position on seminars. I certainly would like to know what you have learnt and how you have addressed any issues that came up while you were learning.
Cheers
Leigh K[]
Investment unit for sale – includes a rental guarentee.
I am very happy for those of you who could not have made your way in life without Steve’s help.Pay him to tell what you already mostly know if it makes it all easier for you.
James has got it right, that it is likely that we would “mostly” already know what is needed to invest in property after all it’s not rocket science!