Recent content by henryye

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    Empty properties eating up cash flow

    Finding a tennant Spooky, You might want to consider using some innovative ways of finding a tennant, e.g. by placing a letter box drop in all similar type of properties around the block. I have used this techique a number of times and I have often found tennants living in the same...
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    Brisbane North / South Bypass Tunnel

    I have found Brisbane outer suburb (ie. Marsden/Logan) to be doing extremely well... I think property prices have gone up by about 50% over the last 6 months. Back in august last year, I was looking at houses around 75K with a 10% yield, now most houses are over $110K. Thanks to Dale...
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    Things to consider when lending money in the family

    Hi All, My friend has a question on lending money in the family: What are the ramifications of someone lending a large amount of money to someone else, as a deposit for purchasing residential investment. He would like to know if there issues with Taxation, or anything else it is good to...
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    Family Trust Capital Gain Discount

    Thanks for the reassurance Dale! The speaker talked about how he is a multi-million (typical of any seminar speaker) and that he has a "secret recipe" for wealth creation .... wait for it .... negative gearing..... then comes all the consultants that have loads of off-the-plans for sale...
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    Family Trust Capital Gain Discount

    Hi Everyone, Thanks to Dale, I have my family trust already set up. However, I went to a seminar today and the speaker was talking about that the 50% capital gains discount does not apply to family trust. Is this true? I was under the impression that a family trust with a private company...
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    Renovation books

    Hi Everyone, I want to do a renovation project on my next IP, the sort of Cosmetic renovations that Michael Croft talks about. Can anyone recommend any books/websites that I can read to learn about it? (I am not very handy and nevery done any building/painting before). Thanks! Henry
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    Cosmetic Renovation books

    From: Henry Ye This is a multi-part message in MIME format. ------_=_NextPart_001_01C26837.B9579F2E Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Hi Everyone, I am looking to do a cosmetic renovation project, ie buy cosmetically distressed house...
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    Zoning

    RE: HELP! Buying property with Cash Reply: 2.1.1.1 From: Henry Ye Hi TH, Actually, I haven't thought of this, but now I will definitely think about doing it this way. I was only thinking of refinancing it the normal way, and I wasn't planning to do any renovations on it just yet, as the...
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    Zoning

    HELP! Buying property with Cash Reply: 2 From: Henry Ye Hi All, I am currently buying a house in Brisbane and I am paying cash for it. (I am getting it financed soon, as I don't have enough time to get it arranged before settlement.) I am using ConveyancingWorks, has anybody used them...
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    International Taxation

    Salary Sacrifice for Train Tickets ... Dale? Reply: 1.1.1.2.1.2 From: Henry Ye Hi Dale or anyone that know, Just a general taxation question. Would it attract FBT if I salary sacrifice for purchasing Train tickets to and from work? Thanks, Henry
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    Wraps and Investors

    RE: Family Trust problem Reply: 2.2.1.1.1.1.2 From: Henry Ye Hi Dale, so is what Paul said correct? ie I shouldn't have my Trust stamped in QLD?? and can I just record a minute and then buy the QLD property in my Company name? ta. Henry. -----Original Message----- From: propertyforum...
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    Wraps and Investors

    RE: Family Trust problem Reply: 2.1.1 From: Henry Ye Hi Mark, Thanks for your kind words! I believe everyone that's on this forum are already well ahead of the pack. So as Dolf De Roos says, ... happy investing! Henry. -----Original Message----- From: propertyforum Listmanager...
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    Wraps and Investors

    Family Trust problem Reply: 2 From: Henry Ye Hi All, I have recently signed a contract in my Family Trust's name to buy a property. However, I don't think my trust has been stamped in the state (QLD) yet, but it is definitely on its way to be stamped. Does anyone know if this is legal? I...
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    Depreciation in a trust

    RE: Brisbane IP solicitor/conveyance Reply: 2.1.1.2 From: Henry Ye conveyancingworks sounds cheap... not sure if the quality is the same as those solicitors that charge $450 to $600. I guess I don't really know how to judge quality of conveyancors, they all sound the same. any comments...
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    Good Accountant

    RE: Family Trust Friendly Lenders Reply: 2.1.1.1.1.1.2.1.1.1.2 From: Henry Ye Hi Kim, In your structure, does that mean you can claim deduction on the interest that you pay? Is it all legal to borrow in your own name and secure against Family Trust's asset? Henry. -----Original...
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