Most of the brokers here understand loans for trusts.

It might work if you were employed by some other third party

hi PtnSounds like you don't understand trusts – no offence meant, but keep on learning.The $50k cash equity, is this cash or equity? If it is cash can't you just borrow it off the trustee?Who is the trustee now?The company can pay you a fee – but why would you want to do that?The trustee is the legal owner of the assets of the 'trust' so all…[Read more]

Does the trust have $50,000? If so it can lend you.If not, then how could it pay you? It could borrow but if you are the person behind the trust and cannot borrow then your trust probably cannot either.Opening a company on top won't formalise things! I thnk you are mixed up a bit here. You might be talking about establishing a company to act as…[Read more]

Now work out on a yield of X% what level of property you need to hold.eg. at 10%  pa yield  you would need $200,000/0.1 = $2,000,000 in unencumbered property.At $500,000 per property you would need 4 properties.Thats the easy bit, now you have to work out how to acheive it. It might mean buying 8 properties now and then selling 4 in 10 years w…[Read more]

This is a complex Q. It may be possible to convert future profits into income at present – but since trusts cannot retail income it would be to be distributed – but I guess it could be done as  loan account.You need a good tax advisor for this.

You will need to read your contract to see what you agreed to do. Its generally too late to change things now, but you could have negotiated around this by requesting a longer settlement period once the plan was registered. Wet carpets is likely to be a minor defect and probably wouldn't delay settlement. What does your lawyer say?

BrianN wrote:
 To Terryw: given that we have 120K to redraw from current loan, can it add up with 175K deductible loan? Is there any way at all to fully claim interest on 440K?To Richard: is there any stamp duty in NSW if I buy the other half from my wife? In term of asset protection, I would say I need only a valid Will or do I have to set up…[Read more]

http://www.lawyersrealestate.com.au/Not sure if they do other than conveyancing though.

surfsup008 wrote:
Hi Terry,Thanks for your info.The way I see it is the partner has money but no experience and wants to get into the market and I have experience (albeit not a huge amount), so I see it that we can help each other out. Again I guess the issue which I raised earlier is what price does ones experience equate to?You mention a unit…[Read more]

Thanks. Sounds very promising then. I have a good friend in Regensberg.What is the capital gains over there like in general?

It could be possible.But not without LMI or a similar risk fee like on the ING products.

WOuld it be possible for the non German background foreigner to own land in their own name and to get finance there?

They wouldn't lend on end value. Generally it would be based on the fixed price building contract.

Lets keep the numbers simple.eg. $1.000,000 property (proeprty 1). $500,000 loan (loan 1). PPOR.You inherit $100,000 and put it into the loan, thinking, I will save interest and take it out later for my new PPOR.Your loan drops to $400,000.A year later you decide to go and buy a new PPOR and will rent the old one.You want to use the $100,000 as…[Read more]

I don't understand that sorry.There is no way to make that $10k deductible.If your loan is $325,000 (including $10,000 redraw which is from extra payments) and you are moving out and into a new place, then the interest on the $320,000 should be deductuble (providing you had never redrawn from this loan).You can then set up a new separate loan for…[Read more]

removing from a loan = withdrawing = new borrowingsSo, yes. It doesn't matter when you withdraw it, it is the purpose that determines deductibility.

Yes.

Taking money from a loan, including a redraw , is new borrowings.

Correct, but where is your money now?If you are withdrawing from a loan this will be new borrowings and the interest on this portion will only be deductible if it is used for investment purposes.

Another nice first post.Wonder why there are so many first posters on this thread????