PropertyInvesting.com | Geraldine M | Activity https://www.propertyinvesting.com/members/geraldine-m/activity/ Activity feed for Geraldine M. Tue, 14 Apr 2026 23:20:55 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 022889ba1cd2638feccff38ef164b586 Geraldine M replied to the topic Helping a child buy their first property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005591-helping-a-child-buy-their-first-property/#post-5005675 Tue, 07 Apr 2015 00:27:23 +0000 Thank you for your advice Corey, Terry and Andrew.

I just spoke to our accountant and he’s advising we lend our son the deposit and try and get him the
loan that way (as you’ve all said). Plan B could be to have my name on the title with our son, so
less profit is made if it is later sold as my income is a lot less than my husband’s. If he then…[Read more]

]]> b03d5921be7c5ff8555246edd68434f4 Geraldine M replied to the topic Helping a child buy their first property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005591-helping-a-child-buy-their-first-property/#post-5005631 Sun, 05 Apr 2015 20:02:25 +0000 Thank you Terry and Andrew.

As my son doesn’t have a deposit saved and has only been in his current job a few months, I was thinking
he wouldn’t qualify for a loan. I had read that lenders require proof of savings for the deposit and a certain
length of time in your current job.

However he has a good history of being steadily employed and able…[Read more]

]]> 76b8495cc7637c76e38d134f89a116e0 Geraldine M replied to the topic Helping a child buy their first property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005591-helping-a-child-buy-their-first-property/#post-5005613 Sun, 05 Apr 2015 07:14:14 +0000 Thanks Terry.

Yes we had thought of that, but were a bit worried that it might impede our future lending over the next couple of
years, if he takes that long to save and repay/refinance. I don’t think it would make any difference with the
capital gain and stamp duty either would it, unless we bought it totally in his name? I don’t think we can…[Read more]

]]> aeaeecde3d3290d21b56c83de5a353e9 Geraldine M started the topic Helping a child buy their first property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005591-helping-a-child-buy-their-first-property/ Sat, 04 Apr 2015 19:27:59 +0000 Hi. My husband and I would like to help our 20 year old son buy a well priced unit that we have found.
It would be an investment for him and/or first home down the track. The plan is to buy this using our
borrowing capacity, and to put his name on the title together with ours.

The unit has been gutted and he is able to renovate it himself…[Read more]

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