Total Members: 158,532

psrproperty

  • psrproperty started the topic Serviceability in the forum Finance 3 years, 1 month ago

    Not sure if it has been asked before. But, how to keep having the serviceability to get the home loan, so that I can keep on buying house that generate positive cash flow?

    To give more context, my understanding is that even though the property I have generate positive cash flow after deducting the home loan repayment, I would already max out my…[Read more]

  • psrproperty replied to the topic Home Loan Borrowing using Trust in the forum Finance 3 years, 4 months ago

    Thanks respectful posts and comments to clarify the answers to the original posts.

    To exercise an example that may be more relevant to someone who wants to start off in buying property using company trustee trust structure. Say if the sole company director (so sole guarantor in this case) has 10 properties, and he only puts 2 properties as assets…[Read more]

  • psrproperty replied to the topic Address with number/a or number/number in the forum General Property 3 years, 7 months ago

    Thank you Terry.

     

    How do I find out if the property I buy has the land entitlement, either jointly or solely entitled?

     

    What docs should I ask from the real estate agent?
    Thanks.

  • psrproperty started the topic Home Loan Borrowing using Trust in the forum Finance 3 years, 7 months ago

    Hi all,

    After reading Steve McKnight’s book about putting the name under Trust structure instead of under personal name.

    Can I please ask people who have borrowed home loan using Trust structure from the banks, how was it done?

    Do you approach personal home loan unit or commercial lending unit in the bank?

    Appreciate some guidance.

     

     

  • psrproperty started the topic Address with number/a or number/number in the forum General Property 3 years, 7 months ago

    Hi,

     

    Does residential address with the following:

    (i) number as number/a, number/b, e.g. 1a or 1b; and,

    (ii) number as number/number, e.g. 1/1, or 1/2

    …means that the the owner does not own the land outright, and the land is shared with another accompanying owner?

    i.e. can I assume the address is either duplex, semi-detached, or share a…[Read more]

  • psrproperty started the topic Equity Release and Refinance in the forum Finance 3 years, 8 months ago

    Are Equity Release and Refinance the same thing?

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Thanks Terry.

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Hi Steve,

    Thank you very much for the detailed reply.

     

    So to register a proprietary limited (Pty Ltd) company, I am required to supply:

    1. Registered Office Address

    2. Principal of Business Address

     

    About the Principal of Business Address, my accountant said it cannot be their address as I don’t conduct the company’s business at their…[Read more]

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Hi Steve,

    Thank you very much for the detailed reply.

     

    So to register a proprietary limited (Pty Ltd) company, I am required to supply:

    1. Registered Office Address

    2. Principal of Business Address

     

    About the Principal of Business Address, my accountant said it cannot be their address as I don’t conduct the company’s business at their…[Read more]

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Seeking advice from experienced folks who have operated Corporate Trustee structure.

    About Question (a).

    I want to set up a company as the trustee for the trust. As you know, for beginners the company would run from home, as I don’t have the budget to rent a commercial office to run the company. And all the decisions would be run from home…[Read more]

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Seeking advice from experienced folks who have operated Corporate Trustee structure.

    About Question (a).

    I want to set up a company as the trustee for the trust. As you know, for beginners the company would run from home, as I don’t have the budget to rent a commercial office to run the company. And all the decisions would be run from home…[Read more]

  • psrproperty replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 4 years, 2 months ago

    Seeking advice from experienced folks who have operated Corporate Trustee structure.

    About Question (a).

    I want to set up a company as the trustee for the trust. As you know, for beginners the company would run from home, as I don’t have the budget to rent a commercial property to run the company. As all the decisions would be run from home…[Read more]

  • psrproperty became a registered member 4 years, 3 months ago

psrproperty

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