Have just bought our third IP. The first two are cash flow positive and in my name (the lower income earner). The third has been purchased and we have taken advantage of the FHOG. It is currently tenanted until July at which time we will use it as our PPOR for 6 months. Following that it will be leased again, cash flow positive again. My question is should this property also be in my name only, both or my husbands.
Again will depend on numerous variables.
If it is cash flow positive then no reason why you wouldn't again purchase the property in your name if you are the lower income earner and have sufficient serviceability.
Personally i prefer to buy + cash flow properties in a DFT rather than personal name but that is mainly for a combination of Asset protection and the ability to distribute the income each and every year to the beneficiaries.
Richard Taylor | Australia's leading private lender
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