Good tip – however we have specifically been asked for this in the past. Perhaps we need a better Mortgage Broker! [biggrin]

I wouldn’t discount using the corporate trustee first up – it’s easier to set it up correctly first time around, and it gives you more flexibility down the track re asset protection…

Cheers,
Scott [strum]

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Scott…[Read more]

Hi again Mat,

We use Neville Halloran from Business Accountancy (http://www.businessaccountancy.com.au) for one of our businesses in Walcha (northern NSW).

Neville is based in East Brisbane, and knows his stuff & is very helpful.

Hope this helps.

Cheers,
Scott [thumbsupanim]

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Scott Matthew
Property Investor & Director,
Show The World…[Read more]

Hi Mat,

In my experience, the major Banks don’t seem to have any problem with Trust structures (even those with corporate trustees) – it’s just a matter of having a sufficient paper-trail and being able to give them what they want to approve your loan. Unfortunately, we don’t write the rules, but if you know what the rules are, you can play them…[Read more]