Forums / Property Investing / Help Needed! / entity and loans

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  • Profile photo of newandkeennewandkeen
    Participant
    @newandkeen
    Join Date: 2011
    Post Count: 16

    Hopefully a quick straightforward question.

    I do not yet know which entity I want to go for, but my superficial research has suggested maybe I want a trust. Yes, I plan to see an accountant about it. (no, I really don’t fully understand it, or even partially understand it).

    My question is, do I need to know this before I start refinancing and getting set up for loans? Does it make a difference to how you structure the mortgages?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Better see a lawyer as trusts are legal relationships rather than entities.

    Yes you need to know who the be the owner of the property and whether there will be a trust relationship before you apply for finance. It matters how you structure loans.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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