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Thanks for the great replies! So discretionary trusts are no good for negative gearing- so I should only use trust for positive or neutral geared property... Few more questions: 1. For land tax, is it that even if I personally don't pay land tax, the discretionary trust cannot pass the land...

Moreso international students & working holiday etc. What suburb?

Have been searching for information about trust structures and wondered what the most common one people use for investment in NSW is for asset protection without making finance difficult? My wife and I own several properties in Sydney tenants in common, but they are units so still under land tax...

Hi, I have just bought a property and used up all my spare cash & equity for deposit, but still have borrowing capacity. I have a family member who has cash to invest in property but does not want to use their overseas business income on their loan applications. They would like to do a...

Thanks for the advice guys

I spoke too soon. Sold for $285,000. But there is always another fish in the sea

oops, thanks for the heads up Geoff! I'll be more discreet in the future. Too late for this one though, so comrades please leave this one to me because it's going to make me a lot of money!

Hi, I found this tenanted retail property and the agent told me there may be potential to develop at the back of the property because there is a lot of space with rear lane access, or maybe build on top of the retail. Is this easy to get approved? Thanks in advance for any help...

Hey Guys, what do you think about unapprved student housing? I saw one online http://www.realestate.com.au/property-house-nsw-newtown-115049543, return is high at $2,200 pw, not sure the yield because it's for auction, would it be ok to buy and keep renting this way?

When getting building insurance quotes should I put 'rebuild value' at around the purchase price of 250k(buying in west Sydney), or should I estimate a more realistic value of actually replacing the building component in case of fire etc? If I overestimate rebuild cost and pay a higher premium...

hmm.. I made about 6% in 6 months playing around with UOS, but would have made 15% on it if I had just bought and waited until now to sell instead of flitting in and out. I'll try to follow buffet's instructions more carefully next time ;)

Good, I want to make it safe from their point of view, I don't want them to think I'm trying to make some loophole for me to steal their money. Is it possible for property to be in wife's name only, but I make most of the income for the loan application? Would it be that she was the primary...

So if Idon't lodge any caveat to the title, and my wife and I buy the property as tenants in common,would the tenants in common share be legally binding, or would we legally considered to own half each because we are married?

So I could get the bank loan, and after that is approved they could then add their caveat, but the loan would have to be repaid and the caveat taken off before I could sell or refinance.. Ok, thanks a lot for your help.

My wife and I are both residents, and my parents in law cannot own part of the property under FIRB rules, why do I need a bank that is good for non-resident lending? I don't intend to tell the bank about the personal loan from parents in law, the borrowed money will just be used as part of the...

Used a loan agreement which I drafted and got my solicitor to reword for a different property they gave us money for, they want to have something they would consider more legally 'substantial' before lending again for another one. My solicitor told me the first loan agreement was perfectly...

Thanks for the unit trust suggestion, but have spoke to FIRB and was told non residents cannot own units in a trust that owns investment property in Australia.. Another option that my parents in law may agree to is that my wife could own the majority of the property, eg 80%, and 20% would be in...

My solicitor has told me that in this situation (buying an existing property for investment, I'm a citizen, wife is permanent resident, parents in law are not residents, we want to all be on title), he would need to ask a contact in FIRB, but needs to have a specific property as done on case by...

Flyingsolo

I want to buy an IP jointly with an overseas family member(from China). I am an Australian citizen. Do they have to sign the contract in person or can they do it from overseas? And would they have to get any government approval from foreign investment review board?