All Topics / Legal & Accounting / Putting Properties in a Family Trust

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  • Profile photo of LengongLengong
    Member
    @lengong
    Join Date: 2004
    Post Count: 1

    1)Is this a common practice for people owning multiple investment properties?
    2) Can the trust borrow money to purchase properties? Would the rates be highter? How do the lending institutions calculate LVR etc if the property is in the Trust’s name? Thank you.

    Profile photo of ScreminScremin
    Member
    @scremin
    Join Date: 2003
    Post Count: 448

    Go to the search function and put in “fmaily trust” and you will come up with all the threads that deal with it.

    Cheers
    Steph.

    Success is 1% inspiration and 99% perspiration.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Switched on investors mainly use trusts to hold their assets. Very common.

    Banks can and do lend money to ‘trusts’. It is really no different to individuals, same rates, same LVRs etc.

    Terryw
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    North Sydney
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    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
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    @p0sitivecashfl0w
    Join Date: 2003
    Post Count: 133

    Just more hoops to jump through…

    Who took my MONEY[?]

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627

    Only a few more – but the amount of paper work!!!!

    Rgds.
    Lucifer_au

    Profile photo of p0sitiveCasHfl0wp0sitiveCasHfl0w
    Member
    @p0sitivecashfl0w
    Join Date: 2003
    Post Count: 133

    Tell me about it… [dead2]

    Who took my MONEY[?]

Viewing 6 posts - 1 through 6 (of 6 total)

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