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Hi Gero I think I have a somewhat similar setup to yours. I have several sub accounts for my loans. I set up an extra one that I draw from to pay the interest on the others. This account then increases each month as I'm capitalising the interest. I actually pay the interest on this...

I think you're giving me too much credit Alex.

I do get the land tax exemption, thankfully. I'm not sure what you mean when you differentiate the value of the asset and the income. In the balance sheet of the trust, it lists assets and equity - and it's quite negative as it takes into account the loans outstanding vs the property value...

Hi Aaron The loan is actually in the name of the Trustee Company, with me guaranteeing the loan. When the trust was set up initially, my ex and I were both issued 200 units. There were none issued when the loan was taken out. I think that's the problem that I am now needing to fix.

Hi everybody I'm hoping for some information on how to improve my situation. At the moment I have a unit trust that only owns one property in Sydney. The Trustee Co borrowed the funds to buy the property and I have to pay the shortfall of some $4K per month. As the trustee borrowed the money...

X Coll isn't an issue for now as they won't be selling any, and don't intend to buy any other properties either. They have at least one property deed in their possession at the moment, and as values rise and their loans decrease, no doubt we'll keep getting others released for them too. I'm...

So tell me who their favourite child is? I reckon it's my sister as she's the only one of us who's happily married and delivered grandchildren. Mum denies it of course as she has no favourite. If you have inside information please let me know? There will still be separate loans for all...

Thanks Redwing:)

Because the bank will require 2 years worth of dividend payments before they will accept it as income.

I have spoken with my broker, and he agreed that St George (and most if not all other banks) are also making age a huge factor at this time. St George is the only option my parents will consider. If they won't take the other two loans - of $150K and $240K then the status quo will remain. It...

Thanks for the post Player. Mum and Dad will not sell. They do not need to sell. They are not after more money. My point from the beginning has been that they want to consolidate loans with one bank. The debt is all in existence, and is being paid for quite easily purerly from rental...

Thanks so much for your helpful response. If you had read my earlier post, you would have seen that they are not, in actual fact, getting another loan. What they wish to do is to consolidate all of their loans with the one bank to make it easier to keep track. FYI, not that I need to give...

jaycee, perhaps if I elaborate on why I'm looking at this option for my parents might help. They are in their 60's, with an LVR of 53% over 6 properties. The banks will not lend them anymore money as their incomes are too low. But they have stacks of equity. If they didn't have equity this...

Hi Rixter Have you used the cashbond recently? Trying to help my folks out to make their banking easier to manage for their 5 props. They've been told that age is a huge factor now, and they're in their 60s which is obviously making it a higher income requirement for them.

Hi all Looking into this strategy to help my folks - all they want to do is consolidate their loans with St George rather than 3 separate banks. I have around $75K cash which I can use to purchase an annuity for my Mum. Anyone been successful with this lately and/or know if St George will...

Hi Mry Thanks for the response. I think my issue is that I don't know enough to be concerned.. I don't believe the property has actually increased much in value. Basically, it was bought for $800K in Jul 04 in Sydney. I have personally had to tip in around $50K per year to fund the shortfall...

Thanks for that. There are already 400 units that have been issued. How will this affect the transaction?

Hi I'm aware that if you borrow money to buy units in a hybrid trust, you can claim the interest as a personal tax deduction. I'm assuming that this is the same as a Unit Trust, in that the Hybrid Trust is operating as a Unit Trust if there are units outstanding. My question is this: The...

Hi My tenant of 4 years has just told me that he's moving out :-( I'm overseas and won't be back until a couple of weeks after he's gone. Can anyone recommend a good Property Manager in Paddington, Sydney that I can use to look after the property for me from now on? Thanks

A friend of mine has just bought her first investment property. It's a house off the plan. It was supposed to be finished on the 8th December. They then had 3 weeks to settle. She's been offered a job in another government department, and because she currently works in a government 'agency'...