Putting Properties in a Family Trust

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Lengong
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@lengong
Join Date: 2004
Post Count: 1
January 4, 2005 - 8:35 am
1)Is this a common practice for people owning multiple investment properties?
2) Can the trust borrow money to purchase properties? Would the rates be highter? How do the lending institutions calculate LVR etc if the property is in the Trust’s name? Thank you.
Scremin
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@scremin
Join Date: 2003
Post Count: 448
January 4, 2005 - 12:57 pm
Go to the search function and put in “fmaily trust” and you will come up with all the threads that deal with it.
Cheers
Steph.
Success is 1% inspiration and 99% perspiration.
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
January 4, 2005 - 1:01 pm
Switched on investors mainly use trusts to hold their assets. Very common.
Banks can and do lend money to ‘trusts’. It is really no different to individuals, same rates, same LVRs etc.
Terryw
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p0sitiveCasHfl0w
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Join Date: 2003
Post Count: 133
January 4, 2005 - 1:11 pm
Just more hoops to jump through…
Who took my MONEY[?]
FFComm
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@ffcomm
Join Date: 2004
Post Count: 627
January 4, 2005 - 1:45 pm
Only a few more – but the amount of paper work!!!!
Rgds.
Lucifer_au
p0sitiveCasHfl0w
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@p0sitivecashfl0w
Join Date: 2003
Post Count: 133
January 4, 2005 - 1:49 pm
Tell me about it… [dead2]
Who took my MONEY[?]