qlddk replied to the topic ATT: Accountants/financial planners, Advice needed on feasibility of trust for purchase of positvely geared property in the forum Legal & Accounting 11 years, 6 months ago
Emerald rentals just fell on its face…
I would be very careful about buying in Chinchilla and I work out here right now.
42000 workers? maybe, but no all at once, and most in FIFO like me
then afterwards, maybe a few thousand workers fulltime, some/most might live here
I am interested in the whole trust setup advise thoucheers
qlddk replied to the topic Should i use the offset account? in the forum Finance 11 years, 6 months ago
Hi folks
Im with cattleya on this one, I prefer to pay off the loan…
But here is the deal, I have property under a trust name, and my finance bank (RAMS, beware of this) does not allow an offset account for loans under trust names.
So what now? I'm holding excess cash in a high interest account, but should I to gain that extra 2% interest…[Read more]qlddk replied to the topic Buying next investment property in the forum thanks there 11 years, 9 months ago
thanks there
I know most harp on about how bad cross col is, but how do you lend against another property's equity without cross collateralization?