Wife

Wonder what you get for that?

Still, that is only about a 50% return on your capital per year. For the risk involved businesses need to generate you high returns, although these can be lower for major franchise because there can be more certainty of sales.

There would be considerable risk involved, leasing the shop etc – probably licence agreement with a sub company of their's., but personal guarantees required.

Who is the target market? Mainly people of asian extraction. Maybe good in the cities and around the universities but not in other areas. City is also saturated with these types of stores – Sydney is, especially around Chinatown and Town Hall – I have one the other day.

Because it will bcome an investment you should borrow as much as possible and put as little in as possible. There are ways to structure it so you can borrow 105% and then later free up more of your cash for your new ppor.

Yes. credit card companies do make deal. The offer they give you will depend on your ability to pay and your hardship story together with the likelihood of them being able to squeeze money out of you if you go down. I have helped people get 50% off a few times.

6.1% is still a high rate, but much better than 8.54%. You may be able to better that.

Probably best to focus on the $2500 car loan, get that out of the way. How long is the credit card debt 2.9%? Probably is an idea to save up a sum of money into a 100% offset account on the home loan as this is a higher rate.

When you have a small lump sum available ring or write to the credit card company and offer to pay 50% of the debt for a final settlement.

Which bank is it with? Won't be easy, but worth a try.

If only you had structured your loans properly you woudn't be having this problem. Let this be a warning to others out there.

Neither. Will depend on a few things such as how the money is used.

Units woud reflect the value of the property owned by the trustee.

Think also about

bankruptcy

death

incapacity

liability

caveats

power of attorney

family law disputes

etc

What would happen if, mid project, the spouse of one unit holder lodged a caveat on title under a family law dispute for example

What if one unit holder ended up in an accident and in a coma unable to sign.

What if 2 refuse to pay the loan.

Who will guarantee the loan? Who will control the trustee?What if 2 gang on on the one?

Can I stress that you shouldn't set these structures up on your own. Seek assistance because I have seen a number of problems arise such as

1. Hybrid set up by online deed. The person borrowed in the wrong name – massive lost tax losses which are unuseable.

2. Settlor was main beneficiary's son!

3. Invalid unit trust because trustee and unit holder was the same

4. Unit trust hit with land tax because it wasn't a fixed unit trust

5. extra guarantees needed because old mother named in trust deed.

etc

Well it depends. You should really have only one property per unit trust for a variety of reasons.

If you buy the property in your own name then it is stuck and you cannot get all the other benefits of a unit trust.