Terryw wrote:
Imagine X owns a house with heaps of equity. He suddenly gets a court judgment which is recorded on the credit file.He needs some money to pay the judgment, but he cannot get a loan now because of the blemish. He could be stuck.Now imagine if X had used a discretionary trust with a company as trustee. Initially he was the sole…[Read more]

Hi Terry,

Interesting, so can you remove yourself as a guarantor to free up your borrowing capacityy again? (By removing liability or debt?)

Terryw wrote:
Discretionary trusts also offer significant tax flexibility and can make borrowing more flexible as well. Also are estate planning benefits.

Hi Terry,

Can you please elaborate on what you mean by “can make borrowing more flexible?”

Thanks

ryan mclean wrote:
I plan to buy 3 positive CF properties this year with $0 in equity and earning a combined wage of $40,000/yr (me and my wife) If you want to buy 5 more properties by Dec 2010 then you should check out http://CashFlowInvestor.com.au they are a property finding service and are way cheaper than property brokers.

Hi Ryan, just…[Read more]