Who does not love their children? We often quickly think of passing our assets to our kids on death. But do we really know who will actually receive them? This is a modern day conundrum. We don’t know when we are going to die, and as such, do not know our children’s circumstances at that…
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
While many Australians get into real estate investment to gain cash flow, in reality that’s not how property works. You see…residential real estate is a high growth, but relatively low yield investment, so if you’re hoping to pay your child’s school fees or your vacation airfares from your rental returns, you’ll be sorely disappointed. Of…
Debt sounds like such a bad word, doesn’t it? The thing is there is good debt and bad debt. Good debt makes you money – such as a mortgage on an investment property. You’re technically using other people’s money to create wealth through capital growth. On the other hand, bad debt costs you money –…
Today I’d like to offer a list of simple strategies that can help Australians improve their financial fitness. If done properly, this includes assessing all aspects of personal finances, including strategies to boost retirement investments, such as including property and super, savings, a review of insurance policies, staying ahead of tax obligations and making an…
No one ever sets up a business with the intention to fail. Rather, entrepreneurial types are motivated by a multitude of factors such as personal drive and ambition or a desire to work for themselves or to create a particular product or service. Sometimes it’s as simple as wanting to be in charge of our…
The difference between repairs and improvements can be confusing for property invetsors. I mean… what is a repair? When does a repair become an improvement? And how do you know what’s tax deductible and what isn’t? Fortunately the Australian Tax Office sheds some light on these questions. What is a repair? A repair replaces a…
Superannuation is one of the most effective wealth creation tools in Australia today. The taxation benefits of voluntary contributions into your superannuation are well-known, as is the ability to access your super funds (via a self-managed super fund) to invest in property. Unfortunately, however, there are simple mistakes that people regularly make which means their…
Wealth creation has become a primary target for most people and many are finding property investment as an effective way to hit this target. While there are just over 2 million property investors in Australia, less than a quarter of these have more than one property investment – in other words they will never develop…
What happens when you dissolve a trust? Do you need to pay stamp duty and Capital gains Tax is you then transfer the trust’s assets to your personal name. That’s the question I was recently asked by a reader of Your Investment Property Magazine – so here’s the Q&A Question: I bought a warehouse/office in…
Estate planning is different for everyone and especially in today’s modern environment of potentially blended families. So, with more people remarrying, it’s critical to prepare for the distribution of your wealth on your passing. While you are alive, the estate planning process allows you to manage and preserve your wealth for those you will one…
