Forum Replies Created
hey guys
i read terry’s newsletter and its really informative, unfortunatly it doesnt answer all my questions!
As i wrote earlier im debt free and would like to build a proper finacial structure before i start buying
properties.Here are my thoughts im pretty sure i do not want to buy in my own name or together with my girlfriend.
Which leaves me with buying in a companies name or in a trust.in case i buy as company:
i would be the director and my company would have a separate deductible income.
Which would be good because i would start with 0$ and would not add it to my normal income.is that right??
And does my borrowing capacity change when i set up a company?i read that i(director) could act as an
guarantor and use my income multiple times to borrow more money?is that right??in case i buy as company in behalf of the trust:
i cant really get my head around this scenario.Could i set up a company, be the director of the company
and the funder of the trust at the same time??If i buy in behalf of trust the main reason to do that would be,
to minimize my tax and distribute my income.is that right??So in my case there is now one to distribute to
unless i could put it into my super.could i??i am really struggling to get this information sorted, and should probably see a professional about that,
but before i do i would like to get a better understanding about my the things i can do.
Every post is highly appreciated.
Thank you guys in advancedave
thanks for the link terry
hi terry
thanks for the quick response.i tried to have a look at you newsletter but i cant find anything.
i typed structure and ownership in the search field but it doesnt come up with anything what am i doing wrong??dave