I have been a tennant for about 5 years now. I just settled on my first IP and plan on having at least another 4 before I even consider moving into my own place….[strum]

Adam..

In this case, would the person who has taken out the loan still be able to claim the interest paid to the investor?

Adam..
[rolleyesanim]

OK, thanx Terry.

I have also heard that there are a few banks and lenders which are slightly hesitant in regards to dealing with trusts/companies. Have you delt with any that do not make a big issue out of lending to these type of structures? I was thinking the NAB or ANZ.

Adam..

Hi there Kristine,

I know exactly how you feel because Im in the same situation. What I am doing is setting up a trust with a company as trustee form the start so its easier to manage in the future. I am trying to find out the exact differences between a Hybrid Unit and a Hybrid Discretionary.
At the moment I am reading “Trust Magic” by Dale…[Read more]

Thanx Amitash,

I hadn’t checked that section yet. All info is useful.

Adam.

Thanx everyone for the info.

One other question I have is about the negative gearing benefits. How does a hybrid unit and hybrid discretionary differ? Which offers better benefits>

Adam..

Definately a hard situation to be in.

Could you not reason with granny and let her stay there for the remainder of her time and possibly in her Will or other contract, state that $7k be allocated to you once she has passed away? (That is if she has that kind of money). If the other family member isn’t helping in the situation why should they be…[Read more]