ok,

Yes it seems silly that they allow it for business but not non business property. I suppose the problems that could arise would be people not being able to pay the rent and the trustee (them) having to kick themselves out of their own home.

Depreciation cannot be transferred. Owner of the property – from a tax point of view = the unit trust will be able to claim all expenses and make a distribution to the unit holders.

Have you sought advice on this set up and are you sure it is a good idea?

CharlieX wrote:

sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?

I am both an FP and an MB and so is Richard.

Nope.

I do like the Zinger burgers though.

CharlieX wrote:

Seems to be more buyers than sellers in mortgage trail books?

If I buy a financial planning trail book, do I have to be a financial planner?

you only need to be licenced if you intend to give financial advice.

Yes still possible if before settlement. You will need to see a good property lawyer = around $5k to $10k all up

multiple land tax thresholds (some states), asset protection, estate planning, joint ventures, easier transfers to a SMSF (unit trusts), stamp duty savings etc

Did you have a deed of partition set up? If you end up with one property each that would be a change of title and a dutiable transaction. CGT would also apply. Maybe GST even.

keithd18 wrote:

Hi,

I have been given conflicting advice on how to structure loan for an investment property:

1. 80% fixed, 20% variable, with an offset account).
2. 100% fixed.

I would be borrowing roughly 280/300k. After comments on pros and cons of each strategy considering todays economy. Thanks,

Keith

There is no right/wrong answer as to fixing variable. You may want to fix if you think rates may go up again in the next few years.

no need for an offset on an investment loan unless there is no non deductible debt.

CharlieX wrote:

I thought aggregators would hand that out just as us brokers are required to handout our credit guides to the retail clients. I’ve met or discussed with all the above aggregators and none has given me that commission sheet. is there a double edge sword here?

No double edge sword. This is commercially sensitive information and aggregators would be prohibited in making it available to the public. There is no legislative requirement to notify the public either. It would be made available in the contract you would potentially enter with an aggregator though.