I see there would be costs with going corporate trustee at the beginning instead of individual. Surely the costs would be cheaper early stages then down the track once multiple investments would need to be rolled over. Costs of potential bank loan breaks, new contracts and stamp duty on multiple props.

I did…[Read more]

Thanks for replying.
That’s right, ownership and borrowing structure.

We have not sought legal advice yet.
My brother in law is an accountant.
Both him and I will be 50/50 in units.

I think the first stage of being individual trustees will have no protection but enable personal income to be used to service borrowing. I guess the…[Read more]

This is my first post here on the site. I have just recently signed up after finishing 0-130 prop book.

Probably like many people after reading Steve’s book and after I read ‘Rich dad poor dad’ I am now hopefully a bit wiser and want my money to work for me.

So I would really appreciate some advice about the way I am planning my…[Read more]