Family Trust

Viewing 5 posts - 1 through 5 (of 5 total)

twoody
Participant
@twoody
Join Date: 2005
Post Count: 3
July 24, 2005 - 12:45 pm
How do I use this to purchase property if there is only $10,000 in it and minimal inflow of money.
How does establishing a loan work
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
July 25, 2005 - 2:38 am
The trustee will personally guarrantee the loan. SO in effect, it would be very similar for the trustee getting a loan on their own.
Terryw
Discover Home Loans
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Xenia
Member
@xenia
Join Date: 2002
Post Count: 1,231
July 25, 2005 - 6:02 am
and if the trustee is a company, the directors need to garantee a loan.
We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
[email protected]
phone 0412 437 582
twoody
Participant
@twoody
Join Date: 2005
Post Count: 3
July 25, 2005 - 12:22 pm
Thanks guys, short but precise answers, appreciate your help.
homer2288
Member
@homer2288
Join Date: 2005
Post Count: 5
August 21, 2005 - 3:21 am
Originally posted by Dr.X:
We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
Are you able to elaborate on this? Thanks.
And what is the process in setting up a family trust? I think there are other type trusts, is there any information on them?
cheers [cap]