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    Sydney Picnic

    Cent Park Hi peoples, Just thought I'd add my vote.. Centennial Park for me. (nothing to do with being 50m from where i live at all!!! hehehe) Cheers Chris
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    First prop in trust is PPOR?

    Thanks... Hi peoples, Thanks for your replies. I have contemplated renting the PPOR from the trust although now I am leaning towards buying as indivudual and selling to trust at a later date. Savings in land tax and FHOG will outweigh the future transfer costs. Reading "Trust Magic" may...
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    First prop in trust is PPOR?

    Hi peoples, I have a few questions about buying PPOR through hybrid trust. PPOR will be first (and therefore only prop for a while) bought (actually built as owner/builder) through trust with the intention of buying IP's with equity gained through building PPOR. 1) On the whole would you...
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    All dressed up but nowhere to go

    Hi John, A LOC will allow you access the 220k equity that you have in your PPOR. Once it is setup it is then available for you to use when you choose so you could set it up now and not use it until you find the perfect IPs. You simply draw money from your LOC and use it as a deposit for your...
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    Trust purchases car?

    Hi peoples, Just a follow on from the "18year old with lots of nice toys (fancy cars!!)" thread in the lounge. The idea of your trust purchasing a prestige car was mentioned. Just wondering what the rules are regarding trusts and cars? Can your trust lease a car? Buy outright? Tax...
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    Probably not wise to judge a book by its cover

    Hi peoples, Always_learnings comments sound like the start of a great new calender? You can keep track of the years by what car you buy....2004 is year of the Porsche....05 year of the Mclaren Mercedes....06 year of the BMW etc etc. Is kind of like the Chinese Year of the snake etc!! Or for...
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    Probably not wise to judge a book by its cover

    Hi peoples, Can't let a "cars are bad debt" comment pass!! I 100% agree with brains on the not everything can or should be good debt call. There's an M3 with my name on her when i hit $x IP portfolio. Not enjoying something that you'd love just because it doesn't better the IRR of your best...
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    Does this sound like an IP plan with 1 hiccup

    Off the perch.... Hi peoples, Brains: stay on the box!! 100% agree with the idea of enjoying the journey to owning $x worth of IP's or Shares or whatever. I'm not saying that everyone should race out and buy a 200k car on credit without considering the future impact BUT sacrificing...
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    Strategy on Negative V's Positive Gearing

    One idea... Hi peoples, One idea to be shot down or added too.... If you are worried about not being able to support your debt if you become unemployed you could make sure your rental income will support the debts. 35k pa rent at 10% yield (should cover interest, maintenance etc) will let...
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    Are we more savvy than we used to be ?

    It's now become........."I've just got back from FREESTYLERS. I love FREESTYLERS. They're putting on a FREESTYLEinar with a guy who's company has lost most of its value over the last 12mths!! It'll be great. Tickets to FREESTYLERS seminars are sooo hard to get. Better ring FREESTYLERS right...
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    Establishing a Trust After Purchase Date

    Hi Lee, I had a long post ready to submit and the site went awol. Might redo it later but in the meantime.... TRANSFERS PURSUANT TO AN AGREEMENT FOR THE SALE OR TRANSFER OF DUTIABLE PROPERTY http://www.osr.nsw.gov.au/revrules/rrdut010.htm Have a look at that Revunue Ruling(from nsw...
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    CGT Deferral

    Hi Dale. Thanks for the offer. hehe. Email me the details of the position and then we can talk $!!! lol Do you (or anyone else...Jeremy?) have any insights into the question of whether the 1031 exchange (CGT deferral) is available to foreigners investing in the US or only US citizens? (US...
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    CGT Deferral

    Hi, From previous posts by Dale the definition of "trading property" as a business is not easy to nail down. Guess it is like justifying that a hobby is infact a business. Factors like frequency of purchase/sale, advertising to the general public, $ involved, structure of the venture...
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    CGT Deferral

    Hi, I've heard from others that invest in the US from AU that their US income can be taxed in the US? If thats the case are you also able to use the 1031 exchange and deferr CGT or is this limited to US citizens? Cheers Chris
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    CGT Deferral

    Hi Simon, If your business is primarily trading in property then the properties are treated as trading stock. Therefore CGT is not applicable and any profits are simply treated as income. Hope it helps. Cheers Chris
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    when to get it in writing?

    Hi, Just a side note about the acceptance of an offer. If the acceptance is to be posted then the "postal rule" comes into play. This basically means that the contract is formed when the acceptance is posted NOT when the issuer of the offer receives the acceptance. So the offer can not be...
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    QUIZ: Too Easy?

    I think B has Red/Green stamps. Now to explain my theory....(not very well....) If the stamps that can be seen are all the same colour then the person would answer yes. I'll use pair to mean red/red or green/green and opposite to mean red/green. A answers no: B and C can not be the same...
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    Negative or Positive Gearing (the old Chestnut)

    Hi, The idea that high yields = low CG and high CG = low yields is where the concept of a "wealth wheel" (from Brad Sugars?) comes into play. Basically the concept is that you hold 4 +ve cashflow properties and one -ve IP. The yields from the +ve props are used to pay for the losses incurred...
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    Would 3 or 4 Give Better Return

    Guess a lot of people wouldn't be too concerned and just focus on the returns aspect but maybe it's worth while thinking of the social and environmental impacts of the options too? Would having 3 SMALLER units leave space for more "backyard"?Maybe you could have a small "green" common area...
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    Buy PPOR or IP first?

    Hi peoples, Can't recall any posts about this. What are peoples thoughts and feelings about buying a PPOR or IP first? When would you consider buying an IP first? when would you buy a PPOR first? Would you always buy PPOR first or always buy IP first? If you wanted to live in a...
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