All Topics / Help Needed! / Equity from home for property in d/trust ?

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  • Profile photo of njkpropertynjkproperty
    Member
    @njkproperty
    Join Date: 2006
    Post Count: 4
    February 13, 2007 - 6:34 am

    How do I use equity from home for a deposit to buy investment property in a differnt name for a new discretionary trust ?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 13, 2007 - 9:41 am

    You can borrow the equity and on lend it to your trust. You will need a loan agreement in place.

    Or your trust could use your home has additional security = Cross collateralising. The first option is more flexible.

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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