Hi still_in_school,
I thought that this was the case. Just thought I would put it out there. Thanks for your reply. I suppose the first one will be in my name.

Still_In_School, can you explain how this avoids rent reliance? I thought rent reliance was when the bank will not lend you any more because all of your income is coming in from rent. Hence be considered too reliant on property market fluctuations.

Thanks

You could make an offer subject to your inpection and full satisfaction, stipulating a time frame, they may be happy with that.

Regards

Hi JB,
Thanks for the comments. I do admit that the answer to your questions at this point is no, but this came as no surprise to me. Offcourse I am getting a professional to help me with this, which has always been the intention. I went into researching what structure I need with my eyes wide open about the complexity. My aim is to be able to…[Read more]

Well actually I was going to say that you recommended that he buy me a beer. []

Ones thing for sure, if I play my cards right I’m confident that atleast one of us will get a coldy out it atleast, even if I have to buy it. But dont hold me to that, will you []

Maybe a silly question but what does atm stand for?

Thanks

Thanks Terryw,
Definitely sounds like the go.

Thanks for that melbear,
I did a unit of law in Uni, it was fascinating reading over the various cases from the past. It really highlights the risks. Thanks for your suggestion I will definitely look into this as an option.

One thing though, I would need to distribute any income out of the trust otherwise this would get hit with 48.5% tax if the…[Read more]

Thank you both for your recommendations. I am going to send them both an email tomorrow.

You are both obviously mortgage brokers, are you both also active property investors yourselves? (If that’s not a prying question)

Thanks again.

Hi,
I can totally relate to your situation as a few years ago I was in uni as a mature age student and I was facing similar issues.

My advice is to use this time to learn everything you can and get your plans completely sorted out regarding property investment.

The second thing is to think creatively. Why not create a business. I did this when…[Read more]

I was speaking to a broker the other day about using the FHOG as part payment for an investment property. He was saying to me that the “bank” will not accept this on an investment property. However, I could apply for the FOHG after I had made the purchase as long as I was intending on moving into the property within 12 months of the…[Read more]