I am a novice with limited experience, but I would think if you can’t inspect it yourself or have someone on your team who you can trust do it, then you are raising the risk of the investment substantially.

It is approaching gambling rather than investing IMO.

On the other hand, someone very experienced in buying property may be able to do this…[Read more]

I agree, in the words of someone, somewhere “It’s only the internet!”

(6)

Yep, most of my posts need to be <censored>.

Dunno, how many times have you been audited?

Originally posted by SuperTed:
Will wait till after fed election when rates go up and prices continue there slow decline at a bit faster rate

Hehe, niceone superted. [tongue]

Hi Terry

So, for option 1 above I would need some kind of redraw facility? My equity is tied up in a no frills mortgage without this.

For option 2 when you saw ‘additional security’ is it possible to use the equity to cover all purchase costs including the deposit?

Hi Terry,
Thanks for answering…
I will explain the scenario a little better.

I have just set up a trust and corporate trustee, but I have no investment capital. All I have is some equity in a property owned as an individual.

I find a property I want the trust to buy using that equity.
How would I go about this?

>If you have equity as an…[Read more]

<snip>

Hmmm, does that mean no?

Right, so buying as an education tool prior to putting into action would not be deducatable as per education expenses?

Does either version include information applicable to all states in Australia?