In Qld the Trust would be mentioned and the Form 1 Transfer has a specific box that needs to indicate where the purchase is made under a Trust structure.

Admitedly can't comment outside the Sunshine State with any certainity so would bow to Terry expertise in NSW.

Wow is there a limit on how big your signature can be here.

Maybe it gets bigger with each post !!!!!

There are many different strategies you could use but the most important one is to ensure that you do not mix the 2 loans (between a personal and investment loan).

You could consider selling your PPOR to a Trust at current market value and then the total amount of the interest would become deductible which maybe a consideration if you intend to purchase a new PPOR.

Altenatively if you are considering renting the properties out and you yourself renting then you may better of to ensure the existing loans are restructured in a maner to maximise your deductions yet reduce your monthly outlay.

I do not think a Financial Adviser (although i am one myself) will have idea about loan structuring and may find his sole objective is for you to raise money to enable you to invest in a managed fund or similar operated through his office.

The title should read XYZ Pty Ltd ATF Smith Family Trust.

Steven

Just to clarify your statement to forum readers "our loans are LMI free up to 80%".

The free element refers to the payment of the premium by the client and not the fact that loan is not insured at all.

Hi POS

Would need a little more information to give you a personal answer.

My preference is a 100% offset account as usually the interest rate is slightly more attractive.

There are a couple of lenders that will waive the LMI upto 85% so explore all of your options before you jump in.

In saying this remember that LMI incurred for investment purposes is tax deductible.

If rate is the only thing you are after then I am sure we can find someone.

Drop us a line and i would be happy to help.

Pazza
Couple of answers for you:

Firstly we're not sure whether to use a trust for wraps, or just for our buy and holds.

A) Personally I would use a separate Discretionary Family Trust with Pty Ltd Company Trustee.

Secondly, we're unsure as to the loan type that best suits wraps. We had looked toward using a portfolio LOC with sub accounts for our IP buy and holds, but aren't sure whether this will suit wraps also?

A) It is a breach of the Property Act to have the loans cross collateralised so unless the Portfolio loan (and I assume your are referring to St George Bank) ) so each loan needs to be standalone.

The response from the banks have been a little worried at the mention of vendor financing, and I'd rather know from someone actually doing them rather than an employee who looks worried at the mention of them!

A) A lender would have no idea and eveyone those who do have an idea would run a mile. As i mentioned earlier i have done 1 or 2.

From their website Post Code 2581 appear to be acceptable to Gemworth upto $300K.