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  • Profile photo of banderosbanderos
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    @banderos
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    May 20, 2004 - 9:39 am

    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 with far less risk.

    Profile photo of banderosbanderos
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    @banderos
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    May 18, 2004 - 7:54 am

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

    (6)

    Profile photo of banderosbanderos
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    @banderos
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    May 18, 2004 - 7:36 am

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

    Profile photo of banderosbanderos
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    @banderos
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    May 18, 2004 - 6:33 am

    Dunno, how many times have you been audited? :)

    Profile photo of banderosbanderos
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    May 17, 2004 - 5:11 am
    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]

    Profile photo of banderosbanderos
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    @banderos
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    May 17, 2004 - 4:29 am

    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?

    Profile photo of banderosbanderos
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    May 17, 2004 - 12:57 am

    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 individual, then the trust could >borrow funds from you, or even use those assets as security.

    Not quite sure how this would work since the equity is tied up in my mortgage as an individual. How can I lend it to anyone since it’s only realised upon refinancing the loan? Do I need the lender’s co-operation to make this work?

    Do I need the lender’s co-operation for the trust to take out a 2nd mortgage?

    Profile photo of banderosbanderos
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    May 12, 2004 - 12:32 pm

    <snip>

    Profile photo of banderosbanderos
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    May 11, 2004 - 10:25 am

    Hmmm, does that mean no?

    Profile photo of banderosbanderos
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    May 11, 2004 - 10:23 am

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

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    May 10, 2004 - 4:56 am

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

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