PropertyInvesting.com | waprincess | Activity https://www.propertyinvesting.com/members/waprincess/activity/ Activity feed for waprincess. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 79825c616d9e0633be2febd04ec3fecd waprincess replied to the topic baby boomers in the forum General Property https://www.propertyinvesting.com/topic/4377369-baby-boomers/#post-4497859 Mon, 13 Dec 2004 09:10:34 +0000 P.S I have another theory how Australia might cure it’s lack of future work force…
Communism can’t last forever and we have a very large population looking for a home in the sun just like the rest of us and just over the equator:)

]]> 83daf7e3da1379f2a09b4ea83713f4f5 waprincess replied to the topic baby boomers in the forum General Property https://www.propertyinvesting.com/topic/4377369-baby-boomers/#post-4497858 Mon, 13 Dec 2004 09:06:00 +0000 I totally agree that retirement complexes are nothing short of scurrelous but that doesn’t change the fact that they’re springing up all over and that regardless of any strata or limited type of agreement – a good percentage of people are going to choose that kind of life.
And rather than “not understanding” how this gig works – I’ve toured…[Read more]

]]> 472c8709241bec191a4ef1f179e85401 waprincess replied to the topic Regarding Family Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377391-regarding-family-trust/#post-4497996 Sun, 12 Dec 2004 10:10:40 +0000 Get a really good accountant and make sure you know exactly what it is that you want to do first. I have a trust myself but with the recent changes in tax law using a trust isn’t as tax happy as it used to be.

P

]]> b819ed3840453d537028898147f36027 waprincess replied to the topic what to do with profits made? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377388-what-to-do-with-profits-made/#post-4497975 Sun, 12 Dec 2004 10:04:10 +0000 Have you read “How to Build Riches” by Bruce Davis?
Don’t be put off by the cheesy title it really is a good book about how to strategically build wealth with what you have:)

P

]]> df9a94c39eb46e9453046b33df6c4c10 waprincess replied to the topic baby boomers in the forum General Property https://www.propertyinvesting.com/topic/4377369-baby-boomers/#post-4497853 Sun, 12 Dec 2004 00:15:30 +0000 Okay so we know that some babyboomers will be looking for lifestyle and some investors believe that they’ll be able to cash in on that. But how do all of the retirement villages that have been popping up up and down the coast here in WA fit into this.
In my neighborhood you can’t buy a decent house for under $600K but just around the corner a…[Read more]

]]> 913074d61e0724a33389fcc556cbf8fa waprincess replied to the topic Foreign Investor questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4377370-foreign-investor-questions/#post-4497861 Fri, 10 Dec 2004 07:30:59 +0000 I don’t know about contracts but I do know that if you are not Australian you have to seek permission from the Foreign Investment Review Board before you can buy.
They have a website with all of their rules laid out.
If you’re buying with a corporation you have to already own substancial assets in Australia –

Good luck,

P

]]> 626bb98db5d8effcd0b9ce66b799a2e9 waprincess replied to the topic baby boomers in the forum General Property https://www.propertyinvesting.com/topic/4377369-baby-boomers/#post-4497843 Fri, 10 Dec 2004 07:24:52 +0000 I would also be subscribing to the whole babyboomer thing if it wasn’t for the fact that all of the over 50’s in my family have sold up and either moved in land for more affordable housing or in one case moved to the country so that they could cash up and pay for their house outright.
I myself (am not ashamed to say it) live in a very nice…[Read more]

]]> eb19e927fc689c32f9d1a70f838221e6 waprincess replied to the topic Property valuation figure on rates notice in the forum General Property https://www.propertyinvesting.com/topic/4377358-property-valuation-figure-on-rates-notice/#post-4497716 Fri, 10 Dec 2004 00:25:32 +0000 I’m confused by this one too – on my council rates sheet there was a blurb saying the figure on my rates was the yearly “rentable” value of the house which was weird because a freind lives in a different shire and their council rates go on land value and nothing else.

P

]]> 8a20f5f47360021f4336047245ae94ae waprincess replied to the topic Partnership or alone? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377310-partnership-or-alone/#post-4497406 Thu, 09 Dec 2004 00:07:45 +0000 I agree with the others – everything in write – communicate effectively and all the time – dealings with family and friend is tricky at best

P

]]> 68ab85a386f90e5aac07b65ec2891894 waprincess replied to the topic Conflict of interest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377325-conflict-of-interest-2/#post-4497553 Tue, 07 Dec 2004 23:54:25 +0000 Thanks for the moral support Derek. I think the reason I wanted to use the woman was that she had stayed in contact and seemed so nice – she even agreed to be negotiable on her percentage rates.
I think this house has some emotion attached to it as it was the first one I ever bought (and boy was I ever wide eyed about it!)

By the time I’ve sold…[Read more]

]]> 178570aef20d73bdb6190648e5ed9111 waprincess replied to the topic spann and valuers... in the forum No Subject https://www.propertyinvesting.com/topic/4377252-spann-and-valuers/page/2/#post-4497023 Tue, 07 Dec 2004 14:57:24 +0000 Bruham,

With much respect – forget what my moniker may tell you – I am far from simple and can tell the difference between non-fiction and fairy tales. I write both for a living and that’s how I afford my investments.

But for someone who grew up with little or no financial education Kyosaki was a good place to start – Peter Spann also has a…[Read more]

]]> 0cca658008a647a9118e9f03bcc21899 waprincess replied to the topic Setting up a company in the forum No Subject https://www.propertyinvesting.com/topic/4377282-setting-up-a-company/#post-4497154 Tue, 07 Dec 2004 14:35:46 +0000 You could always try this link too:)
http://www.pwc.com/extweb/manissue.nsf/docid/BF0CBEB0DF801CB285256ABF007E8505

If it doesn’t work try a search under trusts at price waterhouse cooper

Best,

P

]]> 5604dc85dd3c4da36e573d3e11c3d313 waprincess replied to the topic Australians in trouble "warning" in the forum General Property https://www.propertyinvesting.com/topic/4377296-australians-in-trouble-warning/#post-4497215 Tue, 07 Dec 2004 04:01:33 +0000 I’m with you on this one Michael – I’m a Gen Xer who believes I shouldn’t have to pay for a baby boomer bail out either. Financial education is nothing new – the last 30 years has been plenty enough to pick some up.

Neither do I feel, as Mr. Costello suggests – that I should have to “breed” in order to support the economy. Another novel…[Read more]

]]> 3e9f353a8c8c52f8f526848317fb6078 waprincess replied to the topic Australians in trouble "warning" in the forum No Subject https://www.propertyinvesting.com/topic/4377296-australians-in-trouble-warning/#post-4497210 Tue, 07 Dec 2004 00:13:51 +0000 We know someone who works for a major retailer and at this time of year he basically spends his days writing up paperwork for hundreds of interest free deals.
I was watching Today Tonight last night, they did a story about a lady debt collecting for these companies – the real interest rate was 27%!!!

People get into debt because they want to…[Read more]

]]> ea207d7cbb9caabf8726c844a8d17921 waprincess replied to the topic Websites for land? in the forum General Property https://www.propertyinvesting.com/topic/4377270-websites-for-land/#post-4497089 Sun, 05 Dec 2004 07:10:46 +0000 http://www.realestate.com.au
http://www.reiwa.com.au (WA)
http://www.property.com.au

]]> 03a0e298219f0de3fd7a9a26b444cc8a waprincess replied to the topic Setting up a company in the forum Help Needed! https://www.propertyinvesting.com/topic/4377282-setting-up-a-company/#post-4497150 Sun, 05 Dec 2004 05:07:16 +0000 Setting up a family trust is never a bad idea – the trust can own the shares in your business. Trusts and companies limit liability.

Our trust cost us $250 – and it means that I can build a nest egg for the entire family – one that is protected from other members who you may have not wanted to benefit upon death etc.

The best book to buy is NE…[Read more]

]]> 0184cd8d13b912dde365116bd8685f66 waprincess replied to the topic first property - investment or owner occupied? in the forum General Property https://www.propertyinvesting.com/topic/4377279-first-property-investment-or-owner-occupied/#post-4497117 Sun, 05 Dec 2004 05:01:26 +0000 Hi,

We lived in the U.S for quite a few years before deciding to come home to Australia and one of the things we wanted to do first was to own our own home.
I funded a house purchase out of my savings and shopped for my house over the internet – there are many excellent sites for this.

When we arrived back we had been proud home owners for over…[Read more]

]]> a641cfae8b2cd0b7d97a68f86de5f334 waprincess replied to the topic Real estate programs in the forum General Property https://www.propertyinvesting.com/topic/4377262-real-estate-programs/#post-4497063 Sat, 04 Dec 2004 02:04:14 +0000 thanks!

]]> e33d06e43a183eed55977189f867c20d waprincess replied to the topic My turn to ask a question in the forum No Subject https://www.propertyinvesting.com/topic/4377257-my-turn-to-ask-a-question/#post-4497039 Fri, 03 Dec 2004 10:38:38 +0000 I use two premisis for my business – my commercial and a home office – the reason we have a commercial is because (as was mentioned before) a lot of councils don’t want residences used as businesses. Whether the tennant gets away with it will probably come down to if he has any drive up traffic…

If I were you I would ask him what plans he has…[Read more]

]]> 5295f9eed5bd678e65b6694eafc90a6b waprincess replied to the topic spann and valuers... in the forum General Property https://www.propertyinvesting.com/topic/4377252-spann-and-valuers/#post-4496998 Fri, 03 Dec 2004 08:10:36 +0000 I think Spann’s book works so well because he’s personable – much like Robert Kyosaki. I enjoyed all of the Kyosaki’s and the Spann but in the end I think it all comes down to your personal circumstances as to which path you choose.
What I liked about both Spann’s and McKnight’s books was that they were tailored to the Australian market – if…[Read more]

]]> 24a02491ef956bedb862206d71a414bb waprincess replied to the topic How can people live???!! in the forum General Property https://www.propertyinvesting.com/topic/4377061-how-can-people-live/page/3/#post-4496019 Fri, 03 Dec 2004 02:31:34 +0000 We do quite well on what we earn and manage to keep a $350-400K house quite nicely – we also have kids.
The reason we don’t struggle is because we don’t incur credit card debt – and we don’t work regular jobs. If you work for someone else then you are limited to what you can earn – if you are a wage earner then you don’t get the tax breaks that…[Read more]

]]> 113fa7cf71ec4d46ff0159b8cdc57112 waprincess replied to the topic Does anyone own their own corporation? in the forum General Property https://www.propertyinvesting.com/topic/4377224-does-anyone-own-their-own-corporation/#post-4496782 Wed, 01 Dec 2004 09:44:10 +0000 oh yeah and thanks TERRYW – I guess my company is a beneficiary too:) I never thought about it that way before.

P

]]> f17b65485504e6813e587666f24238d4 waprincess replied to the topic Does anyone own their own corporation? in the forum No Subject https://www.propertyinvesting.com/topic/4377224-does-anyone-own-their-own-corporation/#post-4496781 Wed, 01 Dec 2004 09:40:32 +0000 I was told by my accountant that the trust would be taxed at individual rates if my company dividends the trust.
The only time it is not taxed is when I put my own after tax dollars into it.
A good ref guide is “Family Trusts” by NE Renton.
The problem with using the trust directly is that it doesn’t have enough history or assets yet for the…[Read more]

]]> d8d3f8896fa523095989a96f2642b22d waprincess replied to the topic Does anyone own their own corporation? in the forum General Property https://www.propertyinvesting.com/topic/4377224-does-anyone-own-their-own-corporation/#post-4496777 Wed, 01 Dec 2004 08:11:25 +0000 It’s not so much using pre tax dollars as not using dollars coming directly out of my own personal bank account – my company earns more than I pay myself and if the rest sits idle then I only end up paying corporate tax on it anyway.
I have a superfund and a family trust – the family trust is handy for protecting assets but is taxed at individual…[Read more]

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