Does anyone know where i can get a copy of wealth guardian? Says its discontinued. ThanksJerryParticipant@jerry_oJoin Date: 2013Post Count: 46
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.
Thanks jerry i appreciate it. Im just starting out and need to know how I can expand my borrowing capacity.Ethan TimorParticipant@ethantimorJoin Date: 2016Post Count: 282
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?
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
Can you point me in the way of any infomation that would be helpful?
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.
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
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.
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.
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