Sorry to dig up old posts. But what you’re saying is that there are potentially legal, banking or tax implications when paying off a lump amount (from personal funds) of a mortgage that is contained in a trust?
I was hoping to do this in order to use interest only or other loan options to minimise my outgoings (to ensure a positive flowing tr…[Read more]
I’m in the process of building my “dream team” of contacts and am completely stuck on finding an accountant that understands the ins and outs of using trusts to advance in property investing (mainly, increasing borrowing capacity) and is able to communicate concepts and strategies as well as help with questions and queries along the way.…[Read more]
I’m hearing so much about the mortgage cliff and how its going to crash the market. Especially from the mainstream media. Not to be too tinfoil hatty, but I feel like when the mainstream media harp on about something this much, there’s usually an agenda, and the opposite of what they’re saying is true.
Now my question is, when these mortgage…[Read more]
Thanks for that link Benny. Lots of useful stuff that is a bit beyond my current comprehension level but I will do my best to break it down slowly and understand it all.
I tried calling through to the phone number in the book and it’s disconnected. The website has a form to fill out, so I did that. But not sure if they’d still be actively res…[Read more]
Thanks Benny, yes I was very thorough in reading those pages specifically. It makes sense and it all seems fine and well until I go to my accountant/bank and they tell me that any trust that I’m associated with, whether I’m benificiary or trustee, it will show up on my credit score and affect my ability to borrow regardless. So it’s all very…[Read more]
The issue of whether to buy my future property investments through a trust or in my personal name has been an ongoing debate for me for well over a month as I delve deep into the world of Australian Real Estate. After countless hours of reading the ATO website, listening to various experts in different forms of media, chatting with brokers and…[Read more]
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