Recent content by yc85

Do you own your business or have a Self managed super fund? One way to do it is to buy property using your super fund. Get all the tax benefits and cause you no higher tax. I know someone who used it to buy warehouse, i'm not 100% certain with residentials.

How did your son finance the loan? Was it through you been the guarantor? Is the whole thing complex? I am considering doing the same with help from my parents.

Thanks for all the consideration and advice Kristine My family are willing to support me and will act as back up if anything regarding the loan does go wrong. But thanks for the heads up. I totally agree and I am rethinking about the whole investment as obviously there are much better...

The rent been quoted is about 248 per week and guaranteed for 1 year, realistically I expect it to be around 200 mark. I agree that 20sqm is very small, and that is the most worrying part, the real main reason to purchase this property is that I don't have to pay until 2-3 years down the...

Hey... From my point of view, trustee should not get any benefit as they may be sued for fiduciary duties regarding profits. Although technically they are allowed, you should probably avoid the whole fuss. Why not add a family company to the trust? You can set one up easily enough and then...

There are 3 key reasons why I am choosing this over others. First, it is off the plan and I can only purchase these property as I am still a student and has no income at least until end of next year. Secondly, it is extremely convienant, as it is close to transport and shopping...

Hi all, I am about to purchase a studio apartment for about 200k. I would like to gain some wisdom from those of you who has been in the market for long period of time as to whether I should purchase it? It will be my first property so I am a bit anxious. It is one bedroom and about one...