Hi all – Im sure there is a simple solution here… Im just not sure what it is! I have some friends that are struggling to keep up with repayments on a fairly recently acquired investment property. Their looking at retiring in 5 years and really need to try and create some wealth in the interem. Their sister and brother and law in have voiced an interest in going halves in the investment which suits both parties. The loan is currently split into 2 loans of $150,000. Can anyone give me some adive on what would be the best way to change the ownership structure whilst minimising costs? Would forming a family trust be suitable? Re the finance – is it possible to re-assign one of the loans to the sister or just leave it as is and have an agreement drawn up between the parties to split equity when the property is eventually sold? Really appreciate any suggestions….
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