mmmm interesting 
"The way to get around your borrowing limit is once the ABC Bank has said 'no more', create a new trust structure and approach a different bank…" 

Not sure what is eluded to here however, you can always find a bank to get a loan……

One structure to think about is through an SMSF, its called a limited recourse borrowing…[Read more]

Effective due diligence always requires a reference check, ha, privacy requirements……let me know where you are in melbourne by PM and i can help you, your not being unreasonable.

Richard, sorry to hear about your loss.

Agree with this, so many clients trying to push the boundaries.

Have so many stories to share however, just cannot share on a forum.

I generally look very closely at a client looking at a holiday house in the SMSF, as you can see the hints ard using it on the holidays. Always emphasise the audit requirement and testing to be performed. Usually…[Read more]

Hi Newbie, try BHT Partners in Eltham. Call Sherryn Coffield she does my personal tax return and also the Redwood Tax Affairs. Tell her I sent you and she will take care of you.

Hi floody. as you know there is no minimum balance for an SMSF and with $100k you have the opportunity to borrow up to 80% LVR for residential property and up to 70% for commercial property.

With SMSFs, the objective should be for capital growth and therefore, i'm not sure you will find many properties around the $200k mark, and more likely to be…[Read more]