[JustinmGParticipant@justinmgJoin Date: 2020Post Count: 0]

April 9, 2021 - 6:59 am

Hey Chris, that was informative although video one says “demand a non recourse loan” which is not cross collateralised…… and then dot point 2 in video two when stating what to ask your broker says “I don’t want a non recourse loan”.

 

• This reply was modified 3 years ago by  JustinmG.

[JustinmGParticipant@justinmgJoin Date: 2020Post Count: 0]

February 9, 2021 - 12:59 am

Thanks @benny & @terryw

I appreciate the help

[JustinmGParticipant@justinmgJoin Date: 2020Post Count: 0]

February 7, 2021 - 4:05 pm

I would be interested Steve.

[JustinmGParticipant@justinmgJoin Date: 2020Post Count: 0]

February 5, 2021 - 12:52 am

Another solution would be to pay myself less thru the company, then see if the bank would accept an “add back” of the company profit (taxed at a lower marginal rate).

I should also mention, I am the director of my own Pty Ltd company, so I have the benefit of being able to allocate my funds before they’re fully taxed.
Thanks again

 

[JustinmGParticipant@justinmgJoin Date: 2020Post Count: 0]

January 29, 2021 - 9:39 am

That’s for the reply guys.
Thats exactly what I was thinking @benny & @terryw .
I thought it may be a quicker process for me to gather a couple of properties in my individual names, but will stop me growing anything substantial fairly quickly.

will you be posting the new information on structures and due diligence on the forum here @stevemcknight , or writing another book with the information.

thanks again

Justin