Search results

Hello all (I hope I've posted this in the right section) I'm clearing out my bookcase and found a few items that might be of interest: 1. "Real World" Real Estate Workshop audio cd pack http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=330354105408&ssPageName=STRK:MESELX:IT 2. "Tax...

Hi Dale, I've since been told they mainly do discretionary trusts and there's no major benefits trying to convert a Hybrid Trust deed. Thanks.

Obiwan, it sounds good to me so I'll definitely be looking into it further before my next property purchase. In response to my own question, apparently you get the full land tax free threshold per trust so it would be worth using a separate P.I.T for each property. From what I can gather this is...

I can confirm there will only be two of us attending now. To expand on my earlier question, I would like to know if there is any advantage to using the Property Investors Trust over a Hybrid Trust other than land tax. If you already have a property in your own name above the land tax...

This post by Michael Yardney has a bit more detail: Property Investors Trust

Hi. Two, possibly three, people at this stage please. I'd like to know what advantages/disadvantages this trust has over HDT's. Thanks.

If anybody is interested I've cut and pasted an email from the Office of State Revenue about making variations to trust deeds. There is a summary near the end if you manage to get that far without falling asleep or scrambling your brain. It explains when stamp duty would be payable. I don't know...

It might be harder to find a tenant with no pets allowed in the estate but if you like the idea of no pets in your IP then it would be a good way of enforcing it. I prefer to allow the option of pets so there is a wider range of tenants to choose from. I think the whole Koala thing has been...

Hi ok180, I own properties at Lemon Tree Passage and I agree with Seachange. When I bought my first property here in 2000 the yields were pretty much neutral cash-flow but they're far from that now. I’ve been keeping a close eye on the market since I moved up from Sydney a few years ago for...

Thanks mmerlin, it appears that Citec is the way to go because I just received this reply from the LPI NSW website: While you are able to access title details using a street address Privacy Legislation requirements do not allow access to the contact details for owners using a title reference...

Thanks, but do any of these searches give the phone number or address of the owner or is it just a name? It might still be a bit hard to actually track them down.

I've tried searching for some threads about dealing directly with the vendor but couldn't find what I was after- What's the easiest way of finding out who the vendor is? I think the council was one way of contacting the owner but do they really just hand over this information? What other ways...

I almost purchased an apartment off the plan using a 'put and call option' a couple of years ago. It gave me the option of buying the apartment at a discounted price on completion of construction (2 years). However if I changed my mind for whatever reason it allowed the developer to force me to...

I recently went to visit a friend in Denman and was wondering if anyone on this forum has any IP's there. What's the capital growth been like out that way? Thanks.

How do some of the experienced people on this forum go about using multiple family trusts: - Is it ok to use the same trustee for each trust, whether an individual or preferably a company? - If the first trust is eg- "The Jackson Family Trust", what name do you usually give to the 2nd and...

Why? Wouldn't you be able to get away with it with yourself as trustee? Maybe you could put the lease in the name of your partner so it doesn't look as dodgey on paper renting to yourself. Then again the ATO would probably match your home address to the address of the property and...

Great info Gridcap. I have never heard of doing this before. Look forward to hearing what you find out about the 2nd mortgage hindering the refinancing with the first lender, as the property value increases. If you used the trustee company for your trust to take out the second mortgage on...

Thanks Nigel and Dale. I was always planning on drawing down and using the funds to buy assets in another structure - I just didn't really think of it as a way of (partly) protecting the original IP.

Thankyou very much Kristine. It all makes sense now! I also received a reply from the local council today about the subdivision process: Once the DA is determined and development consent issued, there will be a condition which allows you to seek Council to release the Linen Plan of...

Unfortunately when I bought my first IP I had no idea of how trusts worked and the need for asset protection, and I purchased the poperty in my own name. All future IP's have and will be bought under a hybrid trust. This still leaves my original property at risk because it is too expensive to...