I found that when typing on my iphone, in reply to a message on this forum, you type away and then it takes about 2 secs for the characters to appear on the screen. Doesn't seem to happen with other forums. And then the curser jumps around – which could be due to my fat fingers.

I

Could write a book on this topic as there are so many ways a trusts assets could be at risk. 

Setting up through an accountant or your is very dangerous. 

Consider the following

type of trust

terms of deed

classes of bebeneficiaries 

How to contribute capital

who should be trustee

control of trustee

who is director of trust

number of shareholders of trustee

constution of trustee

specific benbeneficiaries 

Who is appointor

how many appointor

death of appointorde

ath of major people behind trust

Did you ask your conveyancer to check this?

Best to seek expert advice as this is complex

Good story, but spoiled by that silly Kevin Young quote!

SMSF and property work well, especially borrowing at 80% LVR IO with a 100% offset account. Positive gearing is even better. It won't be long before you save up the next 20% deposit in the offset for the next one.

its best to set up your own excel spreadys because each person has taylored (esp Richard) their own spreadsheets to their own needs.

Also a good way to learn about property and tax – and excel.

a few comments

Go and see a broker about your dad and his wife qualifying for the loan. Stamp duty would be payable on the transfer to your dad at market rates, but you could transfer it for whatever price you want.

Selling property for under market value can give rise to centrelink issues.

Your loan agreement will probably prohibit you reassigning the loan without the bank's permission. And transferring the equitable ownership of the property would be a breach of your mortgage agreement too and would result in stamp duty.

You could use equity but what would have happened if I had borrowed $130,000 and then had to sell at $120,000? I would have had to find $10k cash.

Also the option buyers solicitor would recommend they lodge a caveat to protect their interest so it would be impossible to borrow in most cases.

Let me illustrate what happend to me when I did a lease option (made up figures but similar to what happened)

Buy for $100,000 and sell someone an option to buy at $120,000 with maybe $50 more per week rent comng in.

In 2 years property doubled in value to $200,000. Tenant exercises their option and buys it from me for $120,000.

I make a profit of $20,000 plus $50 pw x 2 years. But I miss out on $80,000 capital growth!