All Topics / General Property / Buying Commercial Property – Structure

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  • Profile photo of psaini09psaini09
    Participant
    @psaini09
    Join Date: 2010
    Post Count: 15

    Hi

    I am buying a commercial property and have been advised that it should be bought in a company/Trust Structure rather than in an individual name.

    Just want to know if that is the usual way for buying a commercial property? any pro & cons?

     

    Benny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi psaini,

    Do you have Steve’s book “0 – 130 properties in 3.5 years” at all?  If so, and it is the 2009 version (the update), go read chapter 9.  It gives a really good writeup of just how and why Steve uses companies and trusts.  He tells me too, that the same system works for both resi and comm – but NOT if negative geared.  The latter would need a complete rethink.

    If you don’t have it, do yourself a favour and just buy it (for less than a night at the movies) – https://www3.propertyinvesting.com/0-130-properties

    hope that helps,

    Benny

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