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  • Profile photo of god_of_moneygod_of_money
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    February 13, 2011 - 12:05 pm

    Have u tried Prosperity
    or Nael and Cruthcher?

    Profile photo of god_of_moneygod_of_money
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    February 11, 2011 - 8:00 am

    How is she going to serve the debt?

    Profile photo of god_of_moneygod_of_money
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    February 3, 2011 - 12:04 am

    fWord

    We (JV with my auntie) bought 1+1 (70m2) apartment near somerset for A$850k few years ago… now it is worth nearly 1.2million+….
    so Aussie property is still cheap…

    Profile photo of god_of_moneygod_of_money
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    January 18, 2011 - 1:09 pm
    Terryw wrote:
    Why is he worried about asset protection relating to a loan? it is the ownership of the property that counts. Maybe he is thinking that the loan could be associated with the trustee in its own right and so if the trust is attacked it would have no loan and more equity. But I can't see this as happening.

    Yes… that is correct. He worried about that creditor can challenge it as I am the trustee of my DFT… not yet change to company.

    BTW, do you think anyone be able to structure by buying property under DFT and avoid land tax in NSW?

    Profile photo of god_of_moneygod_of_money
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    January 15, 2011 - 7:55 am

    Terry
    that is what I think
    But my accountant made a big fuss that in term of asset protection, it can be challenged. I am not sure what he mean by that. He told me that it is better to get the loan with <XXX Family trust> as stand alone rather than "ATF".

    Profile photo of god_of_moneygod_of_money
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    January 15, 2011 - 7:13 am

    late/delay settlement is very common… especially during christmas period.

    Profile photo of god_of_moneygod_of_money
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    January 15, 2011 - 7:11 am

    I got confused as well… I thought that you could not really avoid land tax in NSW if buying under DFT. His argument is the owner of the property is unit trust that owned DFT…

    I was being told by him that <XXXX> As the trustee of <XXX Family Trust) in the loan document is NOT an appropriate structure.
    The loan document should be able to read <XXXX Family trust) only. It is interesting to see many different opinions

    The solicitor is not TC.
    Any opinion ?

    Profile photo of god_of_moneygod_of_money
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    January 14, 2011 - 11:25 pm

    Yes… agree with above… can distribute to your children 3k pa with 0% tax
    Good on you… single with 1 kid and good equity

    Terry, I went to see my accountant and he suggested to buy using unit trust under DFT to avoid the land tax. Is this sensible?
    i.e. discretionary family trust that would own unit trust of the property

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 11:38 am

    Richard

    Yes.. you are right.. but at least it gives u some option of LVR 95% without LMI. I was being told that it is possible to get 1% disc from Adelaide bank if loan ~1 million

    ANZ used to offer 95% LVR without LMI to doctors…but not sure now..

    I dont think anyone else providing 95% LVR without LMI

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 6:56 am

    Any news yet? Able to refinance?

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 6:55 am

    Terry
    Have u tried Investec Bank… I heard they are offering up to 90% without LVR
    ANZ used to offer medical practioners up to 95% without LVR

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 6:52 am

    Hi Richard

    Investec Bank offers LVR up to 90-95%. The interest ~ 8%

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 6:46 am

    Good to force small non-bank lenders out….
    Love to be big 4 bank shareholder

    Profile photo of god_of_moneygod_of_money
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    December 12, 2010 - 6:05 am

    NO Difference
    Exit for banks = $800
    Exit for non-banks = $7300
    We need portable transaction account !!

    Profile photo of god_of_moneygod_of_money
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    November 28, 2010 - 11:32 am

    why you need 20 offset accounts???

    Profile photo of god_of_moneygod_of_money
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    November 25, 2010 - 8:34 am

    Normally I would inspect the house the day before prior to settlement
    You can get your solicitor to write to them..

    Profile photo of god_of_moneygod_of_money
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    November 25, 2010 - 8:04 am

    I was approached by Investec bank /Experien doing 90%LVR on the SMSF last month
    I think it is doable to buy property with 100k

    Profile photo of god_of_moneygod_of_money
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    November 25, 2010 - 8:02 am

    Lesson learnt !

    Profile photo of god_of_moneygod_of_money
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    November 25, 2010 - 6:38 am

    what do u mean by 'You MISSED'?

    Profile photo of god_of_moneygod_of_money
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    November 24, 2010 - 8:50 am

    Wo… that is great Richard
    You are able to find the finance for her
    may be the interest too high????

    Well… stay away from this sort of mezzanie-like investment

Viewing 20 posts - 101 through 120 (of 949 total)
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