PropertyInvesting.com | Wealth Accumulator | Activity https://www.propertyinvesting.com/members/wealth-accumulator/activity/ Activity feed for Wealth Accumulator. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e214c3ef8a846dc53ef7961c5556b70a Wealth Accumulator replied to the topic Useful Buffett Insight in the forum General Property https://www.propertyinvesting.com/topic/4402822-useful-buffett-insight/#post-4642147 Thu, 17 Feb 2011 05:12:36 +0000 It will be interesting to see what happens post the floods in Brisbane.  I have heard some talk about a change in what they rank as important.  Will this include devaluing the "materialism" value that you talk about.The perceived value you talk about is not just about the physical construction.  What has affected us at Graceville after the fl…[Read more]

]]> 879d6d411063d727db8d3902e8af8d43 Wealth Accumulator replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/3/#post-4577875 Tue, 02 Sep 2008 04:22:20 +0000 HiIt doesn't matter what industry, there will always be shonks.  That's life.The issue is that often there is more than one legislative area that needs to be covered – a mortgage broker should not necessarily be giving advice on property ownership or structuring – unless of course they have extra qualifications.Often there is a combination of…[Read more]

]]> ff4ede9d0ea5ccae4362218a12777647 Wealth Accumulator replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592103 Tue, 02 Sep 2008 03:55:39 +0000 Terryw wrote:
You may get things wrong if you go alone with the trust – eg if you put a relative as appointor you could get into trouble as the appointor can never benefit from the trust.

New trusts do not have appointors they have principals – the principal can also be trustee and beneficiary.  Just make sure you don't have default…[Read more]

]]> 349a262149dac664c278539746741b23 Wealth Accumulator replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592102 Tue, 02 Sep 2008 03:53:23 +0000 Hi$2000 to provide a solid risk managment structure is a reasonably cheap amount.There are a number of clauses in both the company constitution and the trust deed that if not done right can cause all sorts of issues going forwards.If you are serious about SUSTAINABLE wealth creation be prepared to pay for good structuring.You say nothing of what…[Read more]

]]> 373690de2664d22ed31a5a4c984f60b0 Wealth Accumulator replied to the topic Portfolio mix and return (Sydney properties) in the forum Help Needed! https://www.propertyinvesting.com/topic/4394128-portfolio-mix-and-return-sydney-properties/#post-4592431 Tue, 02 Sep 2008 03:33:14 +0000 s michie wrote:
But in the mean time I do not want to be in idle mode.Any suggestion?

If the interest rates down trend you will gradually gain more cashflow to be used elsewhere.Maybe it is time to diversify into other asset classes (shares etc) or property in other states.Need to ensure that any changed income situations don't blow a hole in…[Read more]

]]> 1534b47b86204e3f066a7c98fff63604 Wealth Accumulator replied to the topic A little advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4394120-a-little-advice-needed/#post-4592396 Tue, 02 Sep 2008 03:24:20 +0000 HiIt seems that the interest etc paid to date is likely to be considered a capital cost rather than an expense to offset other income.If selling the block doesn't provide enough to payout the loan it is very unlikely future costs will be offset against income they are likely to increase the Capital Loss on Sale of the land.Remember Capital loss…[Read more]

]]> 61a9b9c066319bb819fa880ee00bd5f3 Wealth Accumulator replied to the topic Impact of me going overseas on IP calculations in the forum Help Needed! https://www.propertyinvesting.com/topic/4394044-impact-of-me-going-overseas-on-ip-calculations/#post-4592014 Tue, 02 Sep 2008 03:13:49 +0000 ankitjain wrote:
Also  I had paid off my residential property – I have recently extracted the entire amount to buy property overseas.

What is the purpose of the property overseas (india I assume) ?  Will you be receiving income on it.  If you become a non resident for tax purposes this Income  will be taxed in India and any deduction for inter…[Read more]

]]> 79cb53f843ed5b35e79eedaa8a3fd476 Wealth Accumulator replied to the topic Turning Private Property into Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394104-turning-private-property-into-investment-property/#post-4592326 Mon, 01 Sep 2008 07:13:59 +0000 kezzah62 wrote:
Hi all – the latest newbie here.  I am currently living in a (cheapie) home I purchased just over a year ago.  Current value around $280k with a $235k mortgage – fixed for another 30 months.  Looking at moving in with boyfriend who owns his house outright.  I have an income around $85k.  Anyone able to give me advice on what…[Read more]

]]> b8e80053f8d3e6a0b0a96b9c68028e82 Wealth Accumulator replied to the topic What are your goals for your financial future. in the forum General Property https://www.propertyinvesting.com/topic/4393976-what-are-your-goals-for-your-financial-future/#post-4591694 Fri, 15 Aug 2008 20:54:21 +0000 HiI'm 35 and my wife is 34 – 3 kids 7 and under.Our short term goal 12 months is to finish some renovations on our current PPOR (already renovated and sold one to help finance my business start up).Short term business goal is to access 2 quality clients every week, thereby increasing business income to fund other goals.  Doing this by providing q…[Read more]

]]> 30a2ac20170b01207cef1490511fe911 Wealth Accumulator replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591785 Fri, 15 Aug 2008 20:35:30 +0000 Hi KylaA bit late on the scene with this one, just remember that in the end it as about accumulating NET wealth in the most efficient way based on YOUR situation.  Over time it is about reducing reliance on your personal exertion (work) income to fund the lifestyle you desire.When borrowing to invest be careful not to become a slave to the a…[Read more]

]]> cd02a9ee0af28b06e8f61d5702175503 Wealth Accumulator replied to the topic Buying 2nd IP - how to best utilise deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4393673-buying-2nd-ip-how-to-best-utilise-deposit/#post-4589983 Fri, 08 Aug 2008 02:29:03 +0000 duckster wrote:
This makes sure that security is not tied together — avoid it – known as colaterisation across two properties so you lose both houses if things go wrong.

Whether it is listed as security or not the first property would still be accessable to the courts if it went as far as bankruptcy.  The only difference of not having it li…[Read more]

]]> 97fbe04dcce5fdf4a1cc2d09a9b85c20 Wealth Accumulator replied to the topic newbie prperty investing advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4393942-newbie-prperty-investing-advice/#post-4591483 Fri, 08 Aug 2008 02:18:25 +0000 chrisb57 wrote:
I have also just inherited a unit which is fully owned by myself and my sister value around $265,000Both are Metro Melbourne, with the inhertited prpoerty my sister is also open to perhaps using this to purchase more prpoerty.

Hi ChrisOne thing to be aware of is what stages of life yourself and your sister are at and what might…[Read more]

]]> 619fb641719ef146189b57b82cb6e75e Wealth Accumulator replied to the topic PPOR CGT exemption in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393901-ppor-cgt-exemption/#post-4591190 Thu, 31 Jul 2008 07:34:42 +0000 HiAs a guide there are 2 ways one is valuation at date of change of use – must be realistic, then if it has increased since then any gain will be taxable – if you can prove that it was an IP for over 12 months then only 50% of gain is taxable at your marginal rate.second is to get the gain from original purchase to final sale and apportinate the…[Read more]

]]> 95bf660050e18f5a8f4d3624e9509c02 Wealth Accumulator replied to the topic help and ideas on purchasing land as investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4393798-help-and-ideas-on-purchasing-land-as-investment/#post-4590721 Wed, 30 Jul 2008 16:27:33 +0000 HiSometimes we can focus too much on the tax side of things and it can take away from the end goal most would have of accumulating net wealth that can provide a passive income to replace our personal exertion income (or at least give us choices).Initially it all comes down to cashflow and what you are trying to achieve through making the…[Read more]

]]> 2f7cdca5c8ce749122e3717ec0c9480d Wealth Accumulator replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/23/#post-4587175 Wed, 30 Jul 2008 15:57:29 +0000 Scamp wrote:
Erik, You realize that the real-estate in Japan has been crashing for decades already ?Are you ready to invest your money into something that will keep going down every year , costs you a LOT of money per month ( negative gearing ) and on top of that have 10% inflation ?Everything looked similar in Japan 20 years ago to Australia…[Read more]

]]> 9e8c72a3022f55bd15d8cf5624121c43 Wealth Accumulator replied to the topic Is it worth getting a second house? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393895-is-it-worth-getting-a-second-house/#post-4591169 Wed, 30 Jul 2008 15:27:10 +0000 Hi JohkI think Scott has put it quite clearly – if you are keen to live on a knifes edge and are prepared to lose the lot – go ahead.What I find interesting is the the townhouse based on your figures would have a value of around $550K yet you feel you can get a bigger single house for $500K.  Must be making some sacrifices on quality or state of…[Read more]

]]> 4b80c2056f3fc453fc8adb6c3c394f22 Wealth Accumulator replied to the topic Can I become wealthy (in depth detail of my current situation and where I'm heading)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393777-can-i-become-wealthy-in-depth-detail-of-my-current-situation-and-where-im-heading/#post-4590516 Fri, 18 Jul 2008 10:12:40 +0000 HiGetting a uni degree is about providing choice in the future.  I have a client with net worth over $3 million who is frustrated by the fact that he never did get a degree.  It shows commitment – and helps lateral thinking.I worked three jobs when I did my undergrad full time.You can do it if you have the motivation – get a law degree and do y…[Read more]

]]> 21a71145e0c85c554e5009e86886cf35 Wealth Accumulator replied to the topic Turning your PPOR into investment property in the forum Hi Unless there is a reason https://www.propertyinvesting.com/topic/4393785-turning-your-ppor-into-investment-property/#post-4590667 Fri, 18 Jul 2008 09:58:22 +0000 HiUnless there is a reason to move eg: need a bigger house etc, why do it.  Just make sure you are paying as much equity into the PPOR as possible so that if needed you can then redraw it to help purchase an investment property.We still drive past our first house (that we renovated and sold) wondering how it is going.That is something about…[Read more]

]]> f87a228880f5e815f1b4928ccdac597f Wealth Accumulator replied to the topic Advice Wanted in the forum Help Needed! https://www.propertyinvesting.com/topic/4393738-advice-wanted-2/#post-4590325 Thu, 17 Jul 2008 13:28:42 +0000 Hi funkstaI also am a Licensed Financial Planner like Richard.  This sounds very much like something I have been approached by developers to assist the sale of their properties.And yes they offered real estate commission if I found a buyer.I of course have not done this.  However if it is Lowood you are talking about the area does seem like it h…[Read more]

]]> 174b249d74ce887197db64756dfcac20 Wealth Accumulator replied to the topic outside of the box in the forum Creative Investing https://www.propertyinvesting.com/topic/4393757-outside-of-the-box/#post-4590420 Thu, 17 Jul 2008 12:52:00 +0000 HiThe issue is what property the banks are willing to take as security and cross over legal issues.I have a client who is a tax resident of Japan who was able to borrow Yen loan for properties but that was because he was on a working visa there and had some Japanese land as security.You would have to have people that know you well in the foreign…[Read more]

]]> 91e8d8ba359b4fd872e04905ce76f585 Wealth Accumulator replied to the topic Any advice on what to do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393765-any-advice-on-what-to-do/#post-4590460 Thu, 17 Jul 2008 12:46:16 +0000 Hi Pilbara BoyYou have some great opportunities in your situation.There are some interesting strategies to consider in your situation with one income, renting somewhere that might not be your long term residence ( you can own a Principal Place of residence and rent somewhere else when on a contract etc.Managing the Family Tax Benefits etc might…[Read more]

]]> 6d677e95e37dfebbbb6a2bca88873c17 Wealth Accumulator replied to the topic Brisbane - good accountant wanted in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393766-brisbane-good-accountant-wanted/#post-4590463 Thu, 17 Jul 2008 12:08:34 +0000 HiCan try Alyson from ARB Accounting at Sherwood – have been impressed by her.

]]> f4cdfd1c20cf406fcbe1d0245c61d526 Wealth Accumulator replied to the topic passive or active investor tax implications in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393774-passive-or-active-investor-tax-implications/#post-4590497 Thu, 17 Jul 2008 12:04:41 +0000 Hi If you are treated as a property trader you might have to be wary of GST potentially as well depending on the types of properties.Remember to this is more speculation that investing – higher risk.

]]> ea22498db54dc6858182d341686034ac Wealth Accumulator replied to the topic Inheritance, investing & advice needed pls! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393778-inheritance-investing-advice-needed-pls/#post-4590529 Thu, 17 Jul 2008 12:01:49 +0000 HiFTB is based on earnings including investment earnings  – Part A on joint earnings – Part B on lowest earner level of assessable income.  Things like which name to invest in etc are issues to consider.Interest on $100K would be about $8500 (8 1/2%) if you find the right term deposit.Of course there are many options to change the way the income i…[Read more]

]]> ac90f40e83468b8757d440a55df614ca Wealth Accumulator replied to the topic Grand plans! in the forum Creative Investing https://www.propertyinvesting.com/topic/4393752-grand-plans/#post-4590409 Tue, 15 Jul 2008 11:26:36 +0000 HiAs you have significant equity depending on the current ownership structure EG: joint etc there may be some options to increase the tax deductible portion of the loan.If you redraw to use it on the new PPOR it will not be tax deductible even if the loan is secured against your current property.  Deductibility relates to the use of the funds r…[Read more]

]]> 6cbc27fcb089a58c66ed091c8dda0ff8 Wealth Accumulator replied to the topic Private Rent vs Agent Managed in the forum General Property https://www.propertyinvesting.com/topic/4393743-private-rent-vs-agent-managed/#post-4590338 Tue, 15 Jul 2008 11:07:21 +0000 HiThe biggest issue I see with some property investors is becoming to emotionally attached to both the property and the tenants.  Spend your time earning income to fund your next property venture rather than get tied up with the ins and outs of dealing directly with the tenant.  Time is money – a good property manager makes the investment more p…[Read more]

]]> 4fd8f32eef480de89bb0bed923a3f27c Wealth Accumulator replied to the topic Profit distribution - family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393753-profit-distribution-family-trust/#post-4590412 Tue, 15 Jul 2008 11:01:59 +0000 Hi FlangeWhose trust is it?  The profit distribution is a "paper distribution" of the profits made by the trust.  The actual money rarely gets physically distributed to the beneficiary – of course they are actually legally entitled to the money if the trust actually exists now and if there is money to pay it out.  First thing is find out who th…[Read more]

]]> 0c74cfec90bf8dbe6a3a6628a6633742 Wealth Accumulator replied to the topic Family Trusts in the forum Finance https://www.propertyinvesting.com/topic/4393732-family-trusts-4/#post-4590294 Sun, 13 Jul 2008 04:19:50 +0000 HiFirst rule – never mention tax minimisation  as the reason for doing anything!Second – are you borrowing to fund the purchase?  Any tax losses (negative gearing) in the trust will be locked in – can't distribute losses to offset other income.Third – youcan't funnel employee income through a trust – however if you are in business and have a d…[Read more]

]]> cdb6fb602572b55b9a37811b44aafba0 Wealth Accumulator replied to the topic Good or Bad return , Number crunching /opinion /help in the forum Help Needed! https://www.propertyinvesting.com/topic/4393709-good-or-bad-return-number-crunching-opinion-help/#post-4590173 Sun, 13 Jul 2008 04:08:40 +0000 kaus wrote:
I am on gross $35K after salary sacrifice, partner casual gross 28K, i bought IP in Lidcombe sydney in late 2003 for $430K + expenses=$450K total cost with 100% loan.Currently i get rent $275p/w , current value of IP is $400K , it is run down , no improvement can be done except re-build house.

You better hope someone wants to pay…[Read more]

]]> 9181dd91974dbf399b81805b2bd2cc6c Wealth Accumulator replied to the topic Networking in Brisbane?!?! RP4 participant in the forum Help Needed! https://www.propertyinvesting.com/topic/4393724-networking-in-brisbane-rp4-participant/#post-4590250 Sun, 13 Jul 2008 03:58:36 +0000 Hi I have a few people that might be interested in a coffee and general discussion – be prepared for distinct opinions!Send me an email at empire@lips.net.au and we can sort something out.

]]> 5359e3b8ecb62a708e6d9ffa74d6bb1b Wealth Accumulator replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/21/#post-4587134 Sun, 13 Jul 2008 03:52:41 +0000 Scamp wrote:
Another free tip : the real value of your house is what you can sell it for : Not what banks tell you. If a fool buys it for 500.000, then it does NOT mean it's 'worth' 500.000. It just means it's worth whatever the NEXT fool will give you for the house ( that might be 1.000.000 or 200.000 ). Seeing that fools are running low on…[Read more]

]]> 132091cf554421d0ae99710e39ba6a4b Wealth Accumulator replied to the topic Utilising equity in an investment property to assist a home purchase in the forum pksmith wrote: As you would https://www.propertyinvesting.com/topic/4393726-utilising-equity-in-an-investment-property-to-assist-a-home-purchase-2/#post-4590257 Sat, 12 Jul 2008 22:25:00 +0000 pksmith wrote:
As you would be aware I would like to increase the loan which has tax benefits and decrease the non tax benefits loan. To make it more complicated I presently access a rural/remote housing assistance which allows 50% of the Home Loan interest to be salary package (through the public health service).

Even if you get the 50% salary…[Read more]

]]> c1733b3081190db0041179e315048911 Wealth Accumulator replied to the topic Finance Questions for investment in the forum Triggerman wrote: Thanks https://www.propertyinvesting.com/topic/4393716-finance-questions-for-investment/#post-4590214 Sat, 12 Jul 2008 22:08:53 +0000 Triggerman wrote:
Thanks Richard, Can I use the fortnightly payments that I made to the bank to finance the deposit for an IP/ new home considering that I've only been here since Nov. 2007? Will there be any tax issues? How much is the adjusted premium?

You will have to be careful of stamp duty charges – bought as PPOR – exemption would have…[Read more]

]]> 194ea85075ff99748fa0d5ab6016b0e0 Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum Hi My plans are help more of https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/page/2/#post-4579247 Sat, 12 Jul 2008 17:11:42 +0000 HiMy plans are help more of my clients to accumulate wealth taking advantage of the bargains, so they are happy to pay me for the assistance allowing me to invest in all the bargains on offer at the moment!

]]> 5dcbe0ab1232a8f3142354464555807b Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum Millionaire in training https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/page/2/#post-4579246 Sat, 12 Jul 2008 17:08:30 +0000 Millionaire in training wrote:
Hi allI'm 100% in Cash at the moment with plans to trade shares as I finsh my Diploma in Share Trading. Where is this from?  Hopefully not one of those trading software companies that wants to flog you expensive software.  – Reality is the sharemarket isn't rational!  Try investing rather than trading – watch th…[Read more]

]]> 69bf007718ac678affa4b3fcbdb1cb0d Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum richardgr wrote: Uncertain https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/#post-4579245 Sat, 12 Jul 2008 17:02:30 +0000 richardgr wrote:
Uncertain here. Everything I have read in the past month has had a negative slant on property investing. Opinions seem to be first option is cash in the bank, second option blue chip shares and third is property.Capital available try, blue chip shares get more shares for your dollar with highest dividend yields we have seen in a…[Read more]

]]> fe87cfb5adb2891fcefee881167ea65a Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum Opinionated! https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/#post-4579244 Sat, 12 Jul 2008 16:57:24 +0000 L.A Aussie wrote:
We settled on a block of land in Aug which will be for our next PPoR, so we will be doing some debt reduction and getting cashed up for the most part.We have a decent amount of equity in the potfolio, but the current Bank is not letting us do much due to servicability (the new block has put a spanner in the works I guess) so we…[Read more]

]]> f4f14b9696c0982854fac7f6a22513ca Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum Opinionated! https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/#post-4579243 Sat, 12 Jul 2008 16:54:17 +0000 mathewc73 wrote:
Hi everyone,Personally Im feeling less certain about the direction of all markets for 2008.  So my strategy is basically to cash up.- No share purchases try counter cyclical investing – ask warren buffet – why buy good companies when they are expensive compared to their dividends!– No property purchases property market slowing…[Read more]

]]> 4d47104b012394a87a4a92059667b39b Wealth Accumulator replied to the topic Whats your 2008 investment strategy? in the forum Opinionated! https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/#post-4579242 Sat, 12 Jul 2008 16:50:24 +0000 millions wrote:
Hi Mathew,My plans are:- Get a new accountant, (i've got a couple in mind) before I do anything discuss my goals with them – unless they hold a financial services licence or a real estate licence they can only advise on tax issues – get the full picture not just tax– No share purchases, offload the piddly amount of shares I…[Read more]

]]> 61c34650253c81f088f900de5619c214 Wealth Accumulator replied to the topic Property/ Investment "seminars" are for mugs in the forum Opinionated! https://www.propertyinvesting.com/topic/4393369-property-investment-seminars-are-for-mugs/page/2/#post-4588292 Sat, 12 Jul 2008 16:43:54 +0000 HiLike anything, TV, Newspapers, Get Rich Quick books (makes the author rich anyway), seminars, Uni, even paid for advice – if you haven't got the ability to think and decipher the information and turn it into useful knowledge you are lost from the start.Everyone in this world has vested interests. The one common rule is "people don't know what…[Read more]

]]> e67bf1a37d682648f416942f50df9b4a Wealth Accumulator replied to the topic Trust Structure in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393465-trust-structure-5/#post-4588782 Sat, 12 Jul 2008 16:22:41 +0000 goodenergy wrote:
I currently owe $50,000 on my family home and own outright a small investment property which is in my name.I don't understand what a trust structure is? Can anyone explain it to me please? Is there a difference between personal trusts and or unit trusts?Discretionary Family Trust – ambigous ownership of assets – determined by…[Read more]

]]> dc86208c45dc3614e168e3cf2dcf34c5 Wealth Accumulator replied to the topic Claiming Property costs during Construction in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393557-claiming-property-costs-during-construction/#post-4589349 Sat, 12 Jul 2008 16:16:33 +0000 HiObviously the intent isn't clear as you haven't decided – doesn't matter anyway unless you are in the business of property developing.  If the property is to be a rental – can't claim any interest or rates until the property is completed available for rent, anything before this date is capitalised to the cost of the property.Hope it goes/went…

]]> e33f7cc0ec76d60dbbd5af3816392555 Wealth Accumulator replied to the topic Diverting rental income from properties in my personal name into a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393647-diverting-rental-income-from-properties-in-my-personal-name-into-a-trust/#post-4589821 Sat, 12 Jul 2008 16:10:49 +0000 mpertile wrote:
Sorry, I meant corporate beneficiary (or if the capital gain is distributed to the corp beneficiary) – 7.33pm is obviously too late for my brain to function properly… 

The corporate trustee is for risk managment reasons – as individual trustee you can be sued if anyone gets injured on the properties – somtimes public liabi…[Read more]

]]> 95781dff60c2adff15b6de148cc2fcf5 Wealth Accumulator replied to the topic Need advice on contract for buying elderly neighbours property - buy now - settle after he passes away - control the property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393360-need-advice-on-contract-for-buying-elderly-neighbours-property-buy-now-settle-after-he-passes-away-control-the-property-2/#post-4588225 Sat, 12 Jul 2008 15:59:24 +0000 Be very careful and get a very good lawyer to provide advice on what risks are involved etc.If you enter into a contract now and settle later – the property risk is yours – liability for any injuries sustained on the property, maintenance of the property, insurance of the property. There are many issues – buying debt free?, not PPOR – i…[Read more]

]]> 956854a85e3e2e4e4a5e771dab860a5d Wealth Accumulator replied to the topic Use of personal savings for IP loan offset?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392711-use-of-personal-savings-for-ip-loan-offset/#post-4584632 Sat, 12 Jul 2008 15:42:41 +0000 mixedup wrote:
thanks Terry – this is all making sense :)What have you/others found is better to do re the question of whether you have:(a) one sub-account for all of your IPs (i.e. all rents, all expenses come to/from this one sub-account) versus(b) one sub-account per property (i.e. for rent and expenses)(c) some other arrangement: perhaps all…[Read more]

]]> 434acf8c5bde7db9376146b26bc42372 Wealth Accumulator replied to the topic Utilising equity in an investment property to assist a home purchase in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393726-utilising-equity-in-an-investment-property-to-assist-a-home-purchase-2/#post-4590255 Sat, 12 Jul 2008 15:28:25 +0000 Qlds007 wrote:
Hi PKYou can certainly access the available equity in your IP but the interest will not be tax deductible as it fails the ATO "Purpose Test"One consideration would be to look to sell your IP into a Trust structure borrowing the total loan amount and therefore using the sale proceeds less the existing debt as deposit for your non d…[Read more]

]]> 812e53cd33b4b3d3a4eff3c53bd92154 Wealth Accumulator replied to the topic What are my options in the forum Finance https://www.propertyinvesting.com/topic/4393692-what-are-my-options-4/#post-4590087 Sat, 12 Jul 2008 15:16:37 +0000 elkam wrote:

JamesandHannah wrote:
I've decided that paying off our 15k car loan first is the way to go.The second stage would be to 1. Pay down as much on our home loan as possible to create more equityor2. Save up cash in the bank for a depositor3. A bit of bothOf the options above what is better for us?Paying off the car loan asap first is…[Read more]

]]> 1267e79cdb5cbd2d7897f56c44a6a253 Wealth Accumulator replied to the topic What are my options in the forum Finance https://www.propertyinvesting.com/topic/4393692-what-are-my-options-4/#post-4590086 Sat, 12 Jul 2008 15:13:49 +0000 JamesandHannah wrote:
"First step is to have your PPOR revalued to see how much it's really worth (your bank will do that) and see if you can borrow against that value."How much does it cost to have my property valued, I understand that a bank can appoint one on there behalf or I could get a private valuer, is this correct? if so which is better…[Read more]

]]> 08b5696b255ac27a80a961559e283372 Wealth Accumulator replied to the topic Lessons from the past.......can any body tell me in the forum Hi The difficulty now is https://www.propertyinvesting.com/topic/4393728-lessons-from-the-past-can-any-body-tell-me/#post-4590265 Sat, 12 Jul 2008 14:41:52 +0000 HiThe difficulty now is there has been a lot more renos going on in the investment property game – the original purchase price on the official records – department of natural resources – doesn't take into account the capital invested in renos prior to sale of the properties so whilst sometimes it may look like the prices didn't drop – from a true…[Read more]

]]> a295490f8ab2567fb6a0660b4635c60a Wealth Accumulator replied to the topic Any Full Time Investor / Property? in the forum Hi To be a full time https://www.propertyinvesting.com/topic/4393705-any-full-time-investor-property/#post-4590140 Sat, 12 Jul 2008 14:32:09 +0000 Hi To be a full time property investor – and survive – that is have money to eat and have a house to live in you would need a property portfolio worth over at least $2 million with no debt.  As net residential property returns are about 2% this means you would get about $40000 from such a portfolio – hence you probaly need a much bigger debt free…[Read more]

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