All Topics / Help Needed! / Wealth guardian

Viewing 12 posts - 1 through 12 (of 12 total)
  • Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    August 28, 2016 - 10:29 pm

    Does anyone know where i can get a copy of wealth guardian? Says its discontinued. Thanks

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    August 29, 2016 - 1:13 am

    I really need help with statting a trust and have no idea where to find all the infomation I need. Any help would be appreciated. Thanks

    • This reply was modified 7 years, 8 months ago by Profile photo of Green Green.
    Profile photo of JerryJerry
    Participant
    @jerry_o
    Join Date: 2013
    Post Count: 46
    August 31, 2016 - 3:38 pm

    Try searching for the book Trust Magic by Dale Gatherum-Goss. I read that a few years back in our local library.

    Its a really basic and easy to understand explanation of Trusts.

    Jerry | Mortgage Station
    http://mortgagestation.com.au/
    Email Me | Phone Me

    Finance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    September 1, 2016 - 3:08 am

    Thanks jerry i appreciate it. Im just starting out and need to know how I can expand my borrowing capacity.

    Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 282
    September 3, 2016 - 2:19 pm
    Green wrote:

    Im just starting out and need to know how I can expand my borrowing capacity.

    May I ask how are you planning to use trusts to expend your borrowing power?

    Ethan Timor | Aligned Finance Pty Ltd
    http://www.alignedfinance.com.au/
    Email Me | Phone Me

    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    September 5, 2016 - 5:32 am

    I dont know enough about trusts at this stage to say wether I can or cant use them for it. At the moment I am just exploring every possibility finding out how I can expand it to buy more property

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    September 5, 2016 - 5:37 am

    Can you point me in the way of any infomation that would be helpful?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 5, 2016 - 8:19 am

    I’ve written hundreds of posts on trusts. There is also thousands of pages of good information out there – written by lawyers. Keep in mind there is also thousands of pages of misinformation out there.

    See a lawyer for advice before setting up.

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

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    September 7, 2016 - 7:10 am

    Thanks terry. Ill try fund some of your posts. I have gathered that alot of the infomation is misleading which is fustrating but thanks for you help

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 7, 2016 - 9:02 am

    I am a lawyer specialising in trusts – if you have any questions ask away

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

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7
    September 11, 2016 - 2:22 pm

    Thanks terry. I’m just starting out, going for my second property at the moment and pretty soon I am going to max out my borrowing power and come to a screaming halt. To quote steve mcknight when buying into a trust and not in your name “garenteing to pay a loan is not the same as borrowing the money yourself” essentially you can borrow alot more by buying into the trust and gaurenteing to pay the loan for the trust if it was to default. Is there any truth to this? Or completely wrong which seems to be the case.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 11, 2016 - 10:12 pm

    Giving a personal guarantee generally means the lenders will assess you as if you had borrowed the money yourself. However it will come down to the lender and how deep the dig.

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

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 12 posts - 1 through 12 (of 12 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.