BulletProof Asset Protection and Ed BURTON

Discussion in 'Accounting and Tax' started by redwing, 23rd Jun, 2005.

  1. lizzie

    lizzie when i grow up ...

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    and if it's held in trust or company structure then you don't get the $300k (or thereabouts) threshold, i believe.
     
  2. House_Keeper

    House_Keeper Member

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    So is this now the situation in NSW:

    property outside trust: land tax threshold at 300k

    property inside trust: land tax rate is 1.7% of the land value. no tax free threshold
     
  3. skater

    skater Capitalist

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    That's my understanding. :( :mad:
     
  4. geoffw

    geoffw Untitled

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    1.4% (or 1.7%- I'm not sure)- of LAND value, not of total value.

    It's a nasty hit- but then comapre that with the ability to distribute income to any beneficiary. Circumstances do change, especially with couples, and especially with people in the investing community who have done well in the boom.

    I'm hurting from the tax- but the positively geared property in the trust enables me to distribute the income according to changed circumstanmces, and that is owrth a lot.
     
  5. emw

    emw Member

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    At the risk of being repetitive, thanks again to all who are contributing to this amazing thread. I've read Ed Burton's book along with Ed Chan's and so am impressed with the general idea of trusts.

    I'll pop Dale's books onto my reading list as well, it seems they cover the property aspect in more detail than the other 2 authors. He's also been extremely helpful in private emails.

    What a goldmine this forum is! I look forward to the time when I have something useful I can offer back after learning so much ...
     
  6. Retire

    Retire Member

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    Ed Burton The Great

    Hi All,
    Has Ed Burton still got his web site? Can he still be contacted? Or is any of his literature still available especially from his seminars?
    Thanks in advance.
    Learning everyday.
     
  7. DaleGG

    DaleGG Member

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    Hi

    No. A little birdy told me that he was told to close down quietly and quickly or be closed down by the authorities.

    Perhaps NickM can shed some light? He was with me when I heard the story....

    Dale

     
  8. Retire

    Retire Member

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    Thanks Dale...
    Much appreciated.
     
  9. redwing

    redwing Progress Not Perfection

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    Ed Burton was also involved with another book re: Offshore Investing from memory..

    Never read or seen the book though..



    Redwing
     
  10. Mry

    Mry Member

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  11. CATA

    CATA Member

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    What Neil Jenman fails to mention is that he was offered a FREE ticket to one of Ed Burtons seminars. He was contacted personally by Ed, but allas he failed to attend. How do you write an evaluation on something you have not even seen?

    Chris Burns

    I think you can still get some info from him.

    Dale GG

    I would like to know what the little birdy said. I know that he still has his mentoring programs runnung, so if he was closed down wouldn't these have been closed as well?

    Cata
     
  12. redwing

    redwing Progress Not Perfection

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    *BUMP*

    New Site

    Bulletproof Asset Protection web-site

    Any thoughts by those more versed in these matters regarding this site and details therein?

    It seemed prudent to post as there is also Trust information and thoughts on impending changes (always an interesting subject).

     
  13. JIT

    JIT Member

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    Redwing,

    Could you buy the package then report back here? :D

    OR, does any-one want to tell us these 'secrets' here on the forum and save us all the time and money on this product?

    Thanks,

    GSJ
     
    Last edited: 29th Aug, 2007
  14. asdf

    asdf Member

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    Has Ed sold his business? Any one here part of his Gold mentoring group?
     
  15. tubs

    tubs Member

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    I'm part of his VIP group, which is now the same as the Gold group as its all conducted via teleseminar now.

    The Asset Protection business was (at least in my understanding) never actually run by Ed. It was promoted by Ed and set up largely by him, the design, marketing, training etc but I understand it is run by somebody else. Can't be sure, because I didnt get involved in the asset protection business.

    The person on the website redwing mentioned seems to have some very good testimonials, and I have heard of the solicitors that gave them, although from withing Ed's groups. One did an update to my SMSF deed recently and I was very happy with it. If solicitors are prepared to say that somebody knows their stuff, then its always a good sign. They would be fairly hesitant to put their names to it otherwise. Again, do your DD with them as you would with anybody offering you advice or services.

    If anyone has any questions on Ed's business, feel free to ask away. I'm sure there are a few members here who are still involved as well.
     
  16. Leandro

    Leandro Member

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    Hey guys,

    I have just finished reading this thread, and was amazed when i looked at the date it was actually created, back in 2005!

    Anyways, i am very interested in HDTs and believe that they would be beneficial for my future investing in properties/managed funds.

    I just want to know if people here who have these already in place visited an accountant (NickM, Dale, CoastyMike, Mry) to discuss them, or went to the lawyers (Chris Batten) who wrote the deeds?

    On a side note, i visited the chris batten website and was interested to subscribe. I was a little confused however, about the 3 month subscription? What is the cost for a year? is it 4 x $99. Seems like a strange model to me as it isn't a once off thing you go and read and are done with, but rather it is an information source that is continually updated.
     
  17. redwing

    redwing Progress Not Perfection

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    Hi ASDF and Tubs,


    Whats the Gold Group entail?
     
  18. tubs

    tubs Member

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    $280pm tax deductable.

    Two teleconferences per month on consecutive days. Generally 7:30pm to 9:30pm, sometimes longer, covering property, finance, offshore investing, asset protection, tax, SMSFs, marketing. Sometimes not all topics are covered if there's a lot more to cover in one topic than another.

    Occasional guest speakers, such as last month Endre Debozy from Landau Securities (offshore broker - landausecurities.com) talking about the world financial markets, opportunities and the economy in high growth countries, offshore managed funds, oil and currency prices.

    Have been discussing the cashflow loan heavily in recent months with a mortgage broker who specialises in them.

    Two phone in days a month to talk to Ed about any of the above topics.

    One of the teleconferences is recorded and sent out on CD.

    Access to download the documentation/reference notes on what is being discussed on the teleconference.

    A silver CD (which you can get for around $30pm) which is one hour of Ed talking on some of the above topics, is sent out.

    So, in summary, two teleconferences, two phone-in days, access to the handouts, one teleconference recording, and the silver CD for $280pm.

    Ed is doing a free offer for 3 months at the moment. You cancel after the 3rd month if you want, and if you dont cancel out then you're in for 12 months. Something like this anyway. Could be worth looking at if you want to check it out, but remember to cancel if you dont want to continue.

    Is it for you? Depends on what stage you're at in your investing, and your goals. Its good because it covers not only RE, but offshore, SMSFs and marketing as well. I stay in because I get a lot of information quickly that I dont have to spend time researching.

    If you want more info, the office number is 02 4237 7682. Its not attended every day, so leave a message.

    Any other questions, feel free to PM me.

    Hugh
     
  19. redwing

    redwing Progress Not Perfection

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    Thanks Tubs,

    Sounds interesting, from memory Ed Burton was into +CF properties as well as asset protection, offshore investing etc

    I've had some correspondence from Endre' in the past, it would be an interesting trip