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Peter, Check out this thread: http://www.somersoft.com/forums/showthread.php?s=&threadid=287&highlight=battles

Re this post of mine... This bof was returning $70K pa- with potential for $80K. I was expecting, with average returns around here, for that to be worth $800K to 900K. Apparently an offer of $950K has been refused. It will be interesting to see the reult next week.

Peter, The block I'm buying is cash flow positive. So negative gearing is not an issue- I will earn more than I spend. The trust structure here gives me some freedom to move income to whichever beneficiary is the appropriate recipient. That's covered in Dale's "Tax Battles" manual. I'd...

Owen, Always glad for a chance to talk more! It's in Queanbeyan, just near the ACT, but with prices well below ACT. The block is 8 br's + caretaker's unit. Cost was $455K, returns $760 pw- 8.7% gross return. So not really into the big deals yet, it just sounds like it... The nice thing...

Whoops... an extra zero makes a big difference... I've edited the original (sorry).

Hi, I'm almost going to settle on a block of flats- the first property I've bought using a trust. A few observations... . Cost for me to set up the trust was $600 + GST . There were problems with the bank. There were more legailites and checking- it was only one day late to settle in...