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Horses for courses and what I think Hi folks, I have sat on the side and read this with some interest now from day one and I have decided to make a comment. Before that happens however I will declare my position/interests. 1) DaleGG is my accountant and has been for almost 4 years...

Brays hi, reading the post and have been a bit slack lately not visiting site as often as one should. :-( One thing I have found that is becoming almost a requirement these days is a "water supply" to the fridge area to allow the connection of the ice/cold water features of the newer...

Hi all, Julia there is no contradiction, the ruling you found was for repairs and not building an investment. So the investment is already held and the investor is going to visit for many reasons, ie do repairs, check to ensure their investment is being looked after etc. But when...

Yes I have done it but the FHOG was not available way back then :) so we just bought and rented it for about 14 mths and then moved in. The house was built new so a lot of deductions were available for that first financial year. For a book keeping perspective you would need to "have the...

:( Gulp, errr yeah DaleGG and the girls miss out, yet I alway get a card from his team -- guilt trip starting. My real estate agent is my PM for the properties in Adelaide so I squeeked out of that. Electrician etc no. The first 2 probably because I have not considered it and that is...

Special Forces hi, I don't know if you own any investment properties yet but you could consider letting the tax man buy your PPOR ie Say buy around September time frame, might then also get FHOG rent it out for 10mths (speak to the legal people about the FHOG) claim all the tax...

Kathryn D hi, yep we always give our tenants and PM's a gift, I usually ask the PM's when purchasing the gift for the tenant to go to $50. I generally leave it to the PM to decide what to get but I have on occasion decided to refund a some rent. I have had tenants in one of my...

Thanks for the replies folks, it now appears that the lender has withdrawn the offer as "they don't do those loans" so I am looking elsewhere, might even have to go back to Westpac, at least I will get the .7 discount from them. Rolf I'll email you to see what you can do? for me, I know you...

Yeah I am sure these sayings all have some basis, be they perceived or real. But this is an American saying and there are a number of influencing factors that differ to Australia 1) Financial year ends 31Dec and not 31Jun 2) They are in summer we are in winter I am sure there are more and...

Well I am no expert, the financiers are, the banks generally very much so. I see 3 year fixed at about 7.2 and the banks want to make a profit on that money so if they are letting it out at 7.2 for 3 years then they will need bo be getting it at about the 6.2 - 6.5 mark for those 3 years. This...

Hi, to continue this, I will also add that many people purchase just an income stream with the understanding that there is no capital growth involved. ie I buy and annuity from an insurance company for $10,000/year for 20 years and it costs me $150,000 the insurance company has just chucked...

Hi all, DaleGG here is a heads up for you :-) and for all concerned Dale is my accountant, so I will be doing what ever he says hence the Q's as his words seem to say I should not be doing some of things I am considering. So here goes. I am right now in the process of borrowing some...

Hi and HELP. I have a HDT from Mr C BATTEN and so I am sure many of you are familiar with the deed. I have just hit a possible snag with a loan I am trying to get, the story is this. HDT owns freehold a property valued at $160,000 and it wishes to raise some money, $70,000 + a bit for...

Geoff thanks for the comment :D I will confess to not even realising. Redwing in my early days I lurked on this forum for maybe 12mths before registering and starting to contribute and put something back to help others. Many are better at it than me but happy to answer Q's when I can...

It is a good deed and I am very happy with it. I did the corporate thing myself, Justin said it would add about $150 for him to do it and that was fairly straight forward. I only needed to ask a couple of questions. It took me about 14+years of asking "trust questions" getting a consistant...

The cost of setting up a trust :-) I can tell you mine 1) Trustee company registration $700 then I have the cost of keeping the company registered and that is $220/yr 2) HDT from my lawyer $900 no other ongoing costs. Justin, spent sometime talking to ChrisBatten and supplied me...

hmm not quite. well that is what I think anyway :o following your logic that means the unit price of a property trust on the stock exchange can never go down. Nor can one ever go broke. They do and they do. :) Now the family trust we will call HDT. if the trust we set up and run by you...

Mry hi, "special units" is what you will find them referred to in your trust deed. That is fairly much all that is said about them, all of maybe 1 paragraph :) . Now when the Trustee goes to the market to raise some capital it is going to do so by issuing "x amount of special units" now...

Bill sorry about your friend and I extend my condolances to you and your friends family. Yes as we get older, what is important tends to change and the invaluable things in life are those around us. I agree with you about the 'level of understanding' and it is discussions like this that help...

Bill hi again, just a quick point here, my HDT is actually positive :-) and that is nice thankyou. I have properties in the trust that are owned outright, I can use that for security etc for further borrowings. But I am paying 48% personal tax, it is better for me to borrow the money (HDT offers...