Recent content by SYD2013

But my understanding was was the 5 bedders are considered a "boarding house" in NSW and subject to the new laws that have came out with regard to renting these type of properties out by the room?

I had this issue with SGB. My loans were on I only but one of them rolled over onto P&I then I started getting the offset benefit...... Wen I enquired why they did not know? Still looking into it now but glad I bumped into this post as they may also be unsure themselves...... Seems weird I...

The PIT is a hybrid trust - not fixed units so provides more protection - at least that is my understanding but as I said I am learning and looking for advice.

Providing they cover it (in the event of something say major) and don't try and wriggle out of it!

I have found these are generally factored into the price and you will no doubt see from the amount of interest in these types of properties.... There will generally only be a number of people willing to buy these types and take on the risk. It is a commercial decision for you to make - are...

Additional protection from tenants/negligence if owned by trust....

Yes am defo looking interstate next. Just one last ip in sydney! So have to suffer the land tax for now......

So the fixed trust (coy) is on title and loan in personal name similar to the pit mentioned earlier. Are these also difficult to get finance (or easier than PIT).

Asset protection is not my main concern. More interested in the NG at the early stage of my investing career which limits trusts you can use. Can you use fixed unit trusts to get these advantages? I am not averse to using personal name as not in high risk job but just think good idea to...

Would you continue to buy in personal name? What about estate planning? I know this is a long way away but you always see the big players in town with trusts etc and nothing owned in their own name (or so it seems?).

I guess trying to avoid putting things in personal name whilst still working to both get the negative gearing benefits and asset protection. Given I am looking at houses in SYD (600-900 bracket) there will likely be a shortfall which is harder to carry in the short-term if I were to use say a...

Is it less likely to get a lend on a 10% deposit under a trust of this nature? Perhaps one of the disadvantages of using a trust (ie you must have 20% deposit or are you seeing most lenders still requiring a 20% deposit?).

Hi Terry I unerstand the PIT's are set up so the loan is in the individual's name to ensure deductibility. I have discussed this with C&N and they are of the opinion this happens all the time and they have a number of lenders that lend to these trusts who are now more comfortable with the...

Hi Guys I have been doing some research and this site looks really handy/useful! So thanks for all the great contributors. I have a number of properties with a major lender and was looking at getting to a seperate lender for a number of reasons (asset segregation/protection being one of...