Wayne replied to the topic Advice needed on cross collateralling of IPs in the forum Help Needed! 8 years, 10 months ago
I agree… Cross-securitising loans can be dangerous if there is something like an “all-monies” clause… Basically gives the bank permission to access and call in all your properties if they see something wrong/bad happening
Wayne replied to the topic Buying Property Under Personal VS Trust in the forum Help Needed! 8 years, 10 months ago
If the property costs more than $462,000 (2016) you will be required to pay land tax ($100 + 1.6% up to the premium threshold). However this is deductible and should be taken into account when working out your figures to ensure the property remains positive cashflow.
If it does, then this can be distributed to yourselves personally and may in…[Read more]
Wayne became a registered member 8 years, 11 months ago