Corrections: Monica meant the NT, which has no land tax. The current threshold in Western Australia is $300,000, and any land owned in either a company or trust (regardless of the type of trust) will be assessed separately to land owned as an individual or held in any other structure.

This is one of the best episodes. So many Gold nuggets.

Geez, rough crowd in here. I took heaps out of this video on a topic that is quite intricate. Thanks for reaching out to great people PK. Enjoying this ‘extending borrowing capacity theme’ you’ve got going on at the present moment hahah.

Hey mate, can’t believe this interview and all the free advice provided in KZread format. Really helpful for me, so many gems of knowledge. Disposing of the company and getting that CGT discount is amazing. That and so many gems of knowledge. Thanks you!

What a great free content! ❤thank you Pk!This is more than golden nuggets 😮

So good to know these intricacies! That’s why I’m having a meeting with my chartered accountant next week before finalizing the tax matters! Thanks for the great contents!

Absolutely loved it! ❤❤❤ Great value.. I learned most of this over a year which has been presented here with extremely important small gotchas. Fantastic video 👌

Thanks Pk and Monica, really appreciate of all the information from the video! Keep the good work!

Such a helpful video! Thanks for delving into this topic at length!

This is truly amazing PK and Monica. Truly great!! ❤

This is incredible technical information summarised in 1 hr. It's essentially a consultation with a solicitor & real estate veteran.

@AusPropertyMasteryWithPK

23 күн бұрын

Would costs thousands otherwise!

Kudos to Monica and PK for such informative sessions.

Amazing video. Learning to ask the right questions is such a big step in setting up the right structure.

Very informative video! Lots of gold nuggets in there! Also great Qs you asked, which I had on my mind as well :) Thanks PK, really enjoy these types of content

Hey mate, can’t believe this interview and all the free advice provided in KZread format. Really helpful for me. Disposing of the company and getting that CGT discount is amazing. That and so many gems of knowledge. Thanks you!

Really great video with a lot of information around the benefits of a trust. Thanks!

Big Love Great Value ☀️😎☀️ Been watching for ages now 😉

Loving This 🙏

Thank you this was super helpful to me.

Great info, PK....

Love it great info

pk, great guest! monica you have a great way of explining a very technical subject. cheers for the amazing advice and u should think about creating your own content. id give that a follow

@MONICAROUVELLAS

23 күн бұрын

@McGeddes85 thanks for your support! I will definitely think about creating my own content down the track 🙏🏻

Loved it

Great informative contents

Can't believe CPA is get judged on this. A couple of more group assignments does not make CA more knowledgeable. In fact, CPAs are more practical! 🤔 Also, FYI, there is land tax in WA.

@AusPropertyMasteryWithPK

5 күн бұрын

Please see the correction in pinned comment

How do you have CGT discount by using a company to hold trust? Trust is not a separate legal entity, so profits from trust belongs to the company(beneficiary), then company doesn't have CGT discount - so it doesn't make sense to me by having company own the trust for CGT discount

At what part of your property journey should you start thinking about a trust for property outside of Super? 3-4-5 properties?

Wow this is good stuff. Now i need to draw some diagrams with arrows!

The trust works well in Vic as the threshold is 50k. Nsw’s threshold is 1 Mil so you are generating -17K outgoing (eroding 1.7% return per year) if you own a house In Sydney where most houses are valued ,ore than 1 Mil.

is it just me or should there be a cap for how many properties someone or trust can own ? it seems like the rich dad poor dad virus has just provoked more greed rather than living a more stable life. Once someone has 3 properties leave the rest for others

@AusPropertyMasteryWithPK

23 күн бұрын

Socialism?

@michaela5311

22 күн бұрын

@@AusPropertyMasteryWithPKsounds like greed.

@AusPropertyMasteryWithPK

22 күн бұрын

@@michaela5311 capitalism?

@cfmc6201

2 күн бұрын

How about how many shares you can have ? Or how about only 1 car per family ? How about I can only work 5 days 37.5 hours . What if I want to work 80 hours should I stop to let others work more ?

Hi Guys, great video and thanks for providing a lot of valuable information. It was mentioned there’s no land tax in WA, but there is. Can you just clarify regarding that.

@MONICAROUVELLAS

23 күн бұрын

@JimmyVincent-lg8sg Yes, you are right. I got my states mixed up. I was supposed to refer to the Northern Territory. The current threshold in Western Australia is $300,000, and any land owned in either a company or trust (regardless of the type of trust) will be assessed separately to land owned as an individual or held in any other structure.

How "legal" is it for a lender to request the Director of the company which is the trustee of the trust go Guarantor for the loan? That would seem to defeat the purpose of the trust structure in general.

@nq6417

4 күн бұрын

You are correct if you don’t understand the purpose of the structure is to hide borrowings.

These financial manipulations all work until they don’t. You’re trying to plan a long term structure in an environment of endless tax and law changes. See what they did to super? They will do the same to “investment” properties one day. Diversify away from just property is what a prudent investor would do 🤷‍♂️

One more thing is if I intend to invest in shares and commercial properties then the trust is a good option.

is there a breakdown additional costs in trusts and companies vs individual, interested in servicing costs and borrowing services costs.

eventually when you close the company the beneficiary of the company will have to pay the balance of the CGT

Hi PK and Monica, Really appreciate this. This topic is really answering alot of my question. Is Monica base in syd? Would like to see her for consultation, if she is. Many Thanks guys. Regards

@AusPropertyMasteryWithPK

22 күн бұрын

Yes I think so, get in touch with her

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you should bring Bank employee...... I don't think bank give loan just by opening trust and10-20% money....

47:08 talk to your mortgage broker first, before a solicitor or accountant. I’ve bought a property in a trust with a corporate trustee to hide borrowings. I’ve spoken to 3 mortgage brokers since that purchase and they all laugh at the real world application of hiding/unlimited borrowings. It’s an expensive structure

@leighbennett7223

17 күн бұрын

Yep, this is the problem and why advice on this topic is so problematic.

How to get endless borrowing power? The trust account with company is still counting on your personal income as primary servicing sources.????

@sarahfrancess2981

9 күн бұрын

The reason is some lenders have a policy where any properties held by a trust- if the property is positively geared (ie. The rental income covers mortgage & expenses), the lender can disregard the debt associated with that property. So even though they do look at your personal income & expenses, a lot of debt can be disregarded hence restoring your borrowing power.

@nq6417

4 күн бұрын

@@sarahfrancess2981 you put that so well Sarah 😎

Yeah but I got a Corp trustee of discretionary family trust that also distributes to a corp beneficiary that owns property( that has a $1M cgt that would be triggered )but tier 1 bank johnny got confused about me taking another RE loan in its corp name. eventually I thought fck it and got extra loan in personal name!

@MONICAROUVELLAS

23 күн бұрын

That's why finding a broker who can do this is key. I'm sure PK knows some good ones that can help you out.

Thank you so much for sharing PK would you mind to tell again for her contact,thank you

@AusPropertyMasteryWithPK

23 күн бұрын

Hey she mentioned her email at the end

@MrGeddes85

23 күн бұрын

monica rouvellas is the spelling,,,, its also in the bio link thing next to pk's # just below the title

@gozieumeh9641

19 күн бұрын

@@MrGeddes85 thanks a lot for spelling the name…couldn’t have worked it out😅

PK & Ravi Sharma should do a Collab 💯

@MrGeddes85

23 күн бұрын

omg that would be great

@ikrammalek1467

17 күн бұрын

Probs not Ravi sharma is a buyers agent

@crazyham

17 күн бұрын

@@ikrammalek1467 Why Not, they both do good analysis of the property market. Not so far fetched lol Many Overlapping fields of the finance and property markets collab on YT.

Hi PK , I heard her mentioning something about no land tax in WA ???

@MONICAROUVELLAS

23 күн бұрын

@PradyVK, just to clarify, I actually meant NT. I got my states mixed up. I was supposed to refer to the Northern Territory. The current threshold in Western Australia is $300,000, and any land owned in either a company or trust (regardless of the type of trust) will be assessed separately to land owned as an individual or held in any other structure.

@PradyVK

23 күн бұрын

@@MONICAROUVELLAS Thanks for clarifying that !

There is land tax in wa

@AusPropertyMasteryWithPK

12 күн бұрын

Corrections: Monica meant the NT, which has no land tax. The current threshold in Western Australia is $300,000, and any land owned in either a company or trust (regardless of the type of trust) will be assessed separately to land owned as an individual or held in any other structure.

what i understand..... Trust is good if you have at least 4-5 properties, without any loans. loan properties cannot be put under trust.....😂😂😂😂

So the bottom line is that we need to find a property which is positively geared, and thats the diffcult part

I was o.k for the 1st 10 mins but you lost me after that.....

@crazyham

24 күн бұрын

Why?

@user-kt7wv7pp9g

23 күн бұрын

It’s not an engaging topic for most! If you didn’t get anything out of it, you might be a) not ready for the info OR b) past needing the info. Can’t people just be kind?

@AusPropertyMasteryWithPK

12 күн бұрын

@@user-kt7wv7pp9g 🤷🏻

She is Smart & Very Beautiful 💥

Hi Pk, could you post up Monica's contact details. regards

@AusPropertyMasteryWithPK

8 күн бұрын

She mentioned at the end 👍🏼

Lol, good luck selling the shares of a company with an encumbered property to anyone. Not a very practical tip.

@AusPropertyMasteryWithPK

24 күн бұрын

We discussed the difficulties of this and it may not be viable. No need to laugh at someone trying to help, for free.

@12345xfire

24 күн бұрын

​@@AusPropertyMasteryWithPKDidn't mean to come off as negative PK, all strategies are worth weighing. Definitely worthwhile info in the video.

@Antler0

24 күн бұрын

May I ask why is it different to sell the shares with an encumbered property? Does banks not allow it?

@lasol2474

24 күн бұрын

This is the bit I don't understand. Why is hard or harder to sell a property under a company than in someone's name? I thought if it is a good property, in good location and the price is right. Why is it any harder? Can someone elaborate?

@MONICAROUVELLAS

23 күн бұрын

@@Antler0 You need to have a buyer who would be willing to acquire an existing company. So you're basically limiting yourself to a small number of investors who'd be open to this idea.

Hi Pk, keen to get Monica's contact and seek her assistance in setting up a Trust.

@AusPropertyMasteryWithPK

23 күн бұрын

She mentioned her email at the end

Ha if she thinks banks will “endlessly lend” solely on equity just by setting up a trust shes sorely mistaken

@jaytee6960

20 күн бұрын

I don’t recall her ever saying that at all. My takeaway was start with your end goal and talk to your accountant and solicitor to come up with a strategic plan. It’s never a one-size-fits-all scenario. I gained lots of valuable info and insights for free. Thank you Monica and PK!

@yoonisgale7431

19 күн бұрын

and at 4:50 she mentioned that as long as she have the deposit.. heaps of valuable insights for almost an hour here from a solicitor for free! big thanks❤ thank

Hi PK and Monica thanks very much for your presentation which I have learn a lot from. Simon Gaviri . Property Investor. WA