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  • Profile photo of RocksquadRocksquad
    Participant
    @rocksquad
    Join Date: 2010
    Post Count: 6
    January 27, 2015 - 4:49 am

    Hi guys,
    Thanks for replying…
    As always, if its too good to be true….!!! lol.
    I actually typed it all in, to see what would happen before i hit the PAY button and yes just as you said, a little box came up saying “This will be treated as a cash advance and you will be bent over the bonnet to to the tune of 1000 % ”
    Or at least thats how i read it !!….

    Again, thank you for your replies..
    Regards
    Jef

    Profile photo of RocksquadRocksquad
    Participant
    @rocksquad
    Join Date: 2010
    Post Count: 6
    February 23, 2012 - 6:07 am

    Thanx guys for replying..     It would seem thats all come to a complete dead end…    
    But tell me this?     

    If the property is bought wholely and solely by my business partners SMSF, Which obviously can be done..   Is there any problems with us buying it off the SF with a joint unit trust, some time after settlement…?       We both have an equal share in the trust…?
    What are your thoughts…..?

    Profile photo of RocksquadRocksquad
    Participant
    @rocksquad
    Join Date: 2010
    Post Count: 6
    January 16, 2012 - 1:53 am

    Hi AJ,
                I wish i had your problem when i was your age…. haha.             Nice work on the 300k…..
    If it were me i would ask a mate, someone that you trust, preferably someone with a trade to go in with you….
     Seeing as you can only borrow 90-100k you both combined may be able to borrow 200k+…
                              Im sure that could buy you a unit in a good street, let it rent for a year then use your savings to jam a new kitchen and bathroom in it, bit of paint, Expenses, half an half with your mate of course and Bob's ur Aunty….
    You can sell an go your own way.. You can go again with the equity..  Keep it, split equity then go your own way…. 
    Millions of options…. .
    I can go on…  lol
                                             Good luck… although i dont think you'll need it…   haha
                                                                                                                                         Jef…………

Viewing 3 posts - 1 through 3 (of 3 total)