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god_of_money, so what you're telling me is I can't use this structure even if the trust is set up under a business name? If not, do you or anyone else have any ideas how I could achieve a similar result?
Terryw, Thanks for your brutal honesty, not the answer I was hoping for… My understanding from "130 properties in 3.5 years" is that once you max out one trust you can then open another & borrow again the difference between your borrowing power & your personal debt. & no, I'm not in VIC, but NSW. If you have any suggestions for someone in my position they would be much appreciated… Squiresy.
Hi Benny, Thank you for your response. I was starting to think I had asked a stupid question. I am looking to set up a trust to buy a RP & having my PPR in my name limits how much the trust can borrow. I can still borrow enough for the RP, but if i was to buy more RPs, then I would potentially have to start a new trust for each RP. At the end of the day I am looking for a cost effective way around this. My PPR is valued around $340,000 & owe $240,000.I have a borrowing power of $700,000+, depending on which bank I talk to.
