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  • Profile photo of TJHTJH
    Member
    @tjh
    Join Date: 2009
    Post Count: 4
    Profile photo of TJHTJH
    Member
    @tjh
    Join Date: 2009
    Post Count: 4

    Thank you all…… i guess Steve McKnights income must have been extrodinary to purchase 130 properties in 3.5 years?

    Profile photo of TJHTJH
    Member
    @tjh
    Join Date: 2009
    Post Count: 4

    Thank for the reply Terry,

    So , when i reach the limit for my income (Borrowing Capacity), if the properties are positively geared and servicing themselves what is the best way to go?
    Keep borrowing in the Discretionary trust with my company as the trustee and me personally guaranteeing each loan.

    I was of the understanding that if i was at the maximum borrowing capacity with BANK A using Trust A then i would go to BANK B and use a new Trust as it would be the entity borrowing the money and i would personally guarantee the loan but i wouldnt be required to note my previous guaranteed debts?????

    Is that correct? Sorry if its confusing, but Im confused :)

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