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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    Thanks terry. I’m just starting out, going for my second property at the moment and pretty soon I am going to max out my borrowing power and come to a screaming halt. To quote steve mcknight when buying into a trust and not in your name “garenteing to pay a loan is not the same as borrowing the money yourself” essentially you can borrow alot more by buying into the trust and gaurenteing to pay the loan for the trust if it was to default. Is there any truth to this? Or completely wrong which seems to be the case.

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    Thanks terry. Ill try fund some of your posts. I have gathered that alot of the infomation is misleading which is fustrating but thanks for you help

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    Can you point me in the way of any infomation that would be helpful?

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    I dont know enough about trusts at this stage to say wether I can or cant use them for it. At the moment I am just exploring every possibility finding out how I can expand it to buy more property

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    Thanks jerry i appreciate it. Im just starting out and need to know how I can expand my borrowing capacity.

    Profile photo of GreenGreen
    Participant
    @camg
    Join Date: 2016
    Post Count: 7

    I really need help with statting a trust and have no idea where to find all the infomation I need. Any help would be appreciated. Thanks

    • This reply was modified 8 years, 3 months ago by Profile photo of Green Green.
Viewing 6 posts - 1 through 6 (of 6 total)