ClarkyCJ replied to the topic Multiple Trusts in the forum Finance 9 years, 8 months ago
Thanks everyone your advice has been much appreciated. Time to jump on the deep end and see if I can swim!
ClarkyCJ replied to the topic Multiple Trusts in the forum Finance 9 years, 9 months ago
So is what Steve has written in his book 0 to 130 Properties wrong then? He has said in his book that as long as the loan repayments are being met that you are guarantor for that your trusts can borrow from multiple lenders with you as the guarantor increasing your borrowing capacity by leveraging your income across multiple lenders with multiple…[Read more]
ClarkyCJ replied to the topic Multiple Trusts in the forum Finance 9 years, 9 months ago
Sorry guys I’m not quite following what you mean. After reading the chapter The Truth About Structuring in Steve’s book I was under the impression that if I started a Family Trust and a Trust Company that I was the directory of. I could as a trustee guarantee the loan to the trust from the lender with a borrowing capacity based on my income and…[Read more]
ClarkyCJ started the topic Multiple Trusts in the forum Finance 9 years, 9 months ago
Just a quick question about trusts and borrowing capacity.
Once I have reached my borrowing capacity with one lender do I then need to set up a new trust and Trust company to go to a different lender to leverage my income again or just keep using the one trust?ClarkyCJ started the topic Chapter 11 The Truth About Selling From 0 to 130 in 3.5 in the forum General Property 9 years, 9 months ago
With out trying to sound to stupid can someone tell me if I understand Steve reason for selling properties and not holding on to them for long periods of time.
To get better returns on the money you have invested in the investment by turning the equity into real cash that you can use on your tax return to show that your yearly income has…[Read more]
ClarkyCJ became a registered member 9 years, 9 months ago
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