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  • Profile photo of itblokeitbloke
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    @itbloke
    Join Date: 2009
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    November 27, 2010 - 10:55 am

    Check out eBay, theres are few on there…

    Profile photo of itblokeitbloke
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    @itbloke
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    June 26, 2009 - 10:42 am

    With the structure that Terry mentioned, how would one take out a home loan for investments? under the DT to purchase units?
    wouldnt the Bank want some kind of security?

    Profile photo of itblokeitbloke
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    @itbloke
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    June 26, 2009 - 9:58 am

    wow.. Thanks Terry,

    we hadn't thought about a setup such as you suggested, when I speak to our advisers, I will be sure to bring this up.

    Thanks again.

    Profile photo of itblokeitbloke
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    @itbloke
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    June 25, 2009 - 12:23 pm

    Hi Terry, I don't quite understand how that would work, would all of us be in the discretionary trust, or would we each have our own?

    Profile photo of itblokeitbloke
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    @itbloke
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    June 25, 2009 - 8:32 am

    Well I had a good 3 hour chat with my accountant today, lots discussed and lots learned.

    we're leaning towards the Unit Trust structure, the accountant is going to provide a sample trust deed for us to take a look.

    Will check around as well, going to book in to see Gatherum-Gross & Associates as well, has anyone here personally dealt with them?

    Profile photo of itblokeitbloke
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    @itbloke
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    June 23, 2009 - 3:06 am

    can non family members be a member of a DFT?

    Profile photo of itblokeitbloke
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    @itbloke
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    June 22, 2009 - 8:30 am

    Thanks guys.

    as i mentioned, just researching at the moment, and have an appointment with my accountant this Thursday and would like to discuss what i find with him etc

    A couple weeks later with a solicitor.

    the Pty Ltd Trustee would only be 4 directors and transactions would require to be co-signed so as to be 'fair' and everyone knows its all above board etc

    How would this effect serviceability?

    Profile photo of itblokeitbloke
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    @itbloke
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    June 15, 2009 - 9:25 am

    I used to work for them 4 years ago.

    essentially its:

    • Live of interest free period on your CC while 100% of your income goes into mortgage and reduces the daily interest whilst it sits there
    • At end of the month – redraw and pay off your CC

    Its a pretty simple concept, and it does work – they practically refinance you with facilities that can do this.

    Most P&I mortgages with an offset account works in the same fashion (some only calculates offset fortnighty/monthly instead of daily) and a lot of LOC mortgages already have redraw facilities included. If you have a look yourself, and are handy with MS Excel, you can work all this out yourself pretty easily

    All in all its just a way to manage your funds.

    Cheers

Viewing 8 posts - 1 through 8 (of 8 total)