Search results

  1. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    We really need to get off this "Reece your not smart enough to make these kinds of decisions" post you like so much alexlee. Elitism doesn't suit you. What I said, and what you quoted was "more efficient". ....the word more takes the context of my question on a much different tangent then the...
  2. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    The answer to all three would be ...it depends. I'm submitting a plan and seeing if it lines up with my goals. If one peace of the puzzle dont fit then I won't pursue. "so far" it looks good. Can't judge a week by a day they say so well see. What structure do believe is more efficient alexlee...
  3. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Is there anything a unit DHT can do that a normal DT can't Terry? Going off topic a bit...How did the job hunt go in the end also? It was awhile ago..hope it went well?
  4. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Yes. I realize that everything in this world ain't as easy as it seems. And those things that are...well I reakon there's something wrong with em...nothing Weighing me down mark..Im already full steam ahead. Plans are in place. It's been good solid info here..either way. I'm making it happen...
  5. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Careful mark. Agreeing with Dale can get you shot in this thread :) seeing professionals can also it seems.
  6. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    thanks. I don't need to know all the nitty gritty details :cool: I'll leave that to the pros. And I'll be getting the best there is...if they say it's not kosher to do so then of course I won't pursue it. But if they do...:) Alexlee. If hybrids were as dramatic as you say, then why on earth do...
  7. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Actually I think she maybe an SSmember?? I'll ask her and see If she can comment. I'll let her know that you believe her advice is incorrect...and that she should have never ever concured with dales obviously ludicrous advice!! Some people have no shame I tell ya! To be honest I won't say that...
  8. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Who said a million dollars was on the line? What part of seeing pros did you not understand? I give up. Ok people. I'll never see a proffessional unless they have your sole approval first...sheesh
  9. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Are you suggesting it is worthless alexlee? Confirmation from a real estate investing CPA that concurs with dales book is worthless? Silly to think I need to be an accountant to see an accountant dont ya think? Maybe not. . .Next time I see any pro il make sure I'm a pro first in there field...
  10. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Thanks all for the open answers. They've been great. Cheers mry
  11. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    You may need to read the book again. It's been updated many times since you last read it. My opinion only. I mean the guy literally wrote the book on this subject. Printing words like dale has done, opens himself to litigation if such advice was taken literally. So I'm pretty sure the guy knows...
  12. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    a cpa confirmed this. Showed her a little book called trust magic. You might want to have a flick through. Actually you've just read a part of it. Those words were word for word from dales book. Dale is well known SS member. I suppose dale can elaborate further if you disagree with a highly...
  13. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Nope as I dont intend for the IP to cross into positive territory. I'll pull every last cent of equity and pay the minimal amount. Method to the madness :)
  14. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Agreed tho I believe finance is simply harder, but not necessarily difficult. Also the points you mentioned mean little to a person who intends to never sell assets within that type of trust. It is after all only one trust of a possible many. If I want I can have the benefits of both by simply...
  15. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    I'd rather have control and not have it in my name. As noted prior, there are other benefits to hybrids. Sure it cost more to maintain and but as a summary from the book "trust magic" which was confirmed by a CPA last week 1. A hybrid trust is a cross between a unit trust and a...
  16. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Dales advice on hybrids is incorrect? Trust magic the book is wrong? Negatively geared IP and no tax deductions on my income? You sure about that terryw? Dales book notes it VERY clearly... Hmmm maybe I should get a refund
  17. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Thanks Rolf, You must have seen a few deeds in you time :) what do reckon constitutes a well written deed? I'm looking to have mine merely as vessel to purchase IPs and simply value add by refurbing them or tacking on a granny flat. Sounds silly but I need a quality capital loss. Working in...
  18. reeco

    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Hey Rolf, What would change there mind? A higher LVR? Know any of the big 4 that would open there doors? Or the names of the lenders that do? Cheers Cheers
Back
Top