Recent content by igs

Nigel, Yes, U'r right, I am trying to move my two IPs into the structure and also we are looking to buy a house now and still deciding if it will be an IP or a PROP and whether buy it via a trust or directly. What I'm looking for is a bit more tax effectiveness and flexibility than we...

Thank U Nigel, All those options seem good but for a poor IT teco like myself sound more like greek. My accountant on the other hand should know about it but I've never heard him say "why don't we try this?". He's way too busy for little people like me and my wife. As for financial...

...ps. I wouldn't throw Renton's book out - I think that many other chapters in it have some worthwhile things to say... Now, I find it pretty damn useless, since such a key element is completely misrepresented. The book raises a question why such a useful thing as a family trust is not used...

Should I throw Renton's book in the garbage? Cause it says transfer of assets to a family trust is damn easy and can be done in any of the ways I've described before and specifically mentions the absense of the stamp duty during the transfer. May be I am missing something, but it has a...

We already have two IPs. We r organising a family trust at the moment and I was wandering how to transfer the two props to the trust. So far as far as I know, it shouldn't incure any taxes, however may be a few legal bills. Is my notion correct that: any asset can be transferred into a...

No Topic Reply: 2.1.2.1 From: Igs Kanny ...their inferiority complex... certain class of people born in USSR who are buying predominantly in eastern suburbs ...I don't know single one of them which is worth knowing... TBI, what class would that be? businessmen? carpenters? plumbers? may be...

2003 BOOM Reply: 2.1.1.1.1 From: Igs Kanny ...over the line of $300K "entry level"... where is that?... in Sydney? Great.. means that I have had this awful dream, like prices perhaps being now close to a million for a house (or a townhouse) in a decent suburb (not Blacktown or Penrith...

Reply: 1 From: Igs Kanny How does that guy sleep at night? HK I mean. Mezzanine Funding for mums and dads. Mate, It's what banks do for other banks (and maybe for LARGE developers), not for bloks like U and me. From what I've heard. Igs

Reply: 1.1 From: Igs Kanny I can say the same thing. Go see Steve. In Melbourne, Sydney or wherever he may be. He's one hell of a brain. And the (IP) industry's best kept secret. Certainly the most useful course I have ever been to. The best diversification argument I've heard. I am...

Reply: 2.1.1.1 From: Igs Kanny some more of Ross Gittins ...You'll pick up a bit of extra bread from the snobbish dummies willing to pay through the nose for the alleged gold version, .... which you've hyped up as "professional")... ...Now, put yourself in the shoes of one of these smarties...

Reply: 2.1.1 From: Igs Kanny "...I feel that as a nation, we would be best served if our government got rid of the FHOS and negative gearing and... ...the number of renters increased, yields go up making property investment look more attractive as it is then possible to see lots of cash flow...

Reply: 1.1.1 From: Igs Kanny Herbert street apartment blocks are all across the road from the rehab centers. A close friend of mine has been robed 5 (!!!) times. He lives in one of those Meriton towers with his wife and kids (there were all at home at the time, plus the dog that didn't make a...

Reply: 2.1 From: Igs Kanny Further to Manny's comments. One agent suggested we made coffee before the rent inspection to spread this cosy morning coffee smell around. It sounded funny, but that, plus, of course, a bunch of other simple stuff, like clean carpets, squeaky kitchen, sparkling...

Reply: 2.1.1.2.1.1 From: Igs Kanny Les, I don't mind sharing at all actually. But As I said I don't know much about QLD as yet, definitely no more that people here have already said. I just write down what the guys say and then do the residex report for the area. I haven't done many so far...

Reply: 2.1.1.2 From: Igs Kanny Les, by Alex Hills, do you mean Alexandra Hills? I'm not familiar with Queensland at all. I'm now collecting everything on QLD "good" areas. Igs