Total Members: 159,210

Tkpurser

  • Tkpurser replied to the topic how to borrow more / unlimted finance in the forum Finance 9 years, 6 months ago

    Thanks Terryw, that’s a useful example.
    So would I be correct in thinking that this following scenario could work?:

    Tom is the director of Tommo Pty Ltd which is the trustee of Tommo Trust.
    Tommo Pty Ltd owns a property as trustee of the trust and the property is worth $200,000 at purchase with a loan of $160,000. The property has not changed in…[Read more]

  • Tkpurser replied to the topic how to borrow more / unlimted finance in the forum Finance 9 years, 6 months ago

    Thanks for your reply Terryw. Do you have an idea/example then of what Steve is talking about? Do you have an idea/example of how restructuring a trust would then increase the borrowing capacity?

  • Tkpurser replied to the topic how to borrow more / unlimted finance in the forum Finance 9 years, 6 months ago

    So in Steve’s book (0-130 properties, revised edition) starting at page 172 he talks about how once he reaches his borrowing capacity he then re-structures his family trust and then approaches another lendor.
    I read in another post that this is no longer possible?
    Would another bank loan money if say the original trustee (e.g Trustee Company Pty…[Read more]

  • Tkpurser replied to the topic Land Tax in Victoria in the forum Help Needed! 9 years, 6 months ago

    Thanks TerryW.
    Just realised that it’s actually 0.375%. I read it as 3.75% so that’s a lot better than I initially thought!

  • Tkpurser replied to the topic Land Tax in Victoria in the forum Help Needed! 9 years, 6 months ago

    If the vic threshold for land tax bought by a trust is $25,000 then that is a huge amount of tax payable for ~4% over this value.
    If the trustee is a company then are the company directors subjected to this tax? Is there any way around this tax if buying via a trust?

Tkpurser

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,210

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!