Thanks terry. I’m just starting out, going for my second property at the moment and pretty soon I am going to max out my borrowing power and come to a screaming halt. To quote steve mcknight when buying into a trust and not in your name “garenteing to pay a loan is not the same as borrowing the money yourself” essentially you can borrow alot more by buying into the trust and gaurenteing to pay the loan for the trust if it was to default. Is there any truth to this? Or completely wrong which seems to be the case.
