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thanks alot terry , hopefully i can return the favour and help you out with something one day , thatl be the day tho ….
thanks terry
would u recomend having a joint trust with my parents or would effect each others borrowing power in a negative way ?thanks guys for the helpful and also speedy replies
the reality of my situation is that i have just purchased my first investment but atm it can not be realized as an investment because i used the FHOG . so i have 6 months before it can become a true investment sp tp speak.
with the FHOG and my own personal savings i was able to put up 50k deposit , so this may be a really stupid question but that would mean i would have roughly 50k equity ?
but to throw a spanner in the works , this house has not actualy been built yet , so obviously i dont actualy have any accesable equity yet ?or do i ? may also be a silly question but it seems as tho there is lots of strange loop holes in the property game so i thought i would ask .
the reason i ask is because i want to keep making progress , and am wondering were i stand atm , and if opening a trust structure , with a company as trustee an me as a director is a good way forward for someone like myself (single no kids) ?
another thing i have to concider is if i should partner with my parents in the trust …..
sorry for so many questions haha
cheers newbythanks mate much appreciated , and sorry should have dome some research first huh !
may i ask another question tho , im only a young fella ( just turned 21) an im still an apprentice , so my earning posibility is temporary limited , but even when i am qualified its still not going to be that high , say that it was 70k pa , does this mean i am stuck with only being able to service or guarantee a loaned amount relevent to me earning 70k forever ?? or is there a magical way around this problem?
thanks newby
