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Commercial lenders don't like to lend if the development site is under a personal name due to customer protection code. If I use a family trust with a trustee of myself instead of a company to apply for a commercial development loan, will it be OK? Or the trustee has to be a company?

Would like any experienced broker to shed some light on the finance option. Looking to purchase a development site with a Deed of Partition. Basically use a family trust and a LTD company to settle the property under Tenants in common so the name of the trust and company will be put onto the...

Hi guys, I am looking at a muilti-unit development site and going to use a family trust to settle it and this will be my second development project. The family trust has a PTY as the trustee and beneficiary. The reason to use trust is I need to get a commercial loan and trust can distribute...

I got a six units development project and 4 units will be built on one block and the other 2 units on the block next to it. They share a drive way in the middle. Those two blocks are under separate titles and I will strata title those 6 units after they are built. I know some banks do allow...

Hi guys, I am a part time developer who have built a few villa/townhouses in the past. I normally presale 50%and keep the rest. Now I decide to sell two units I built two years ago and would lke to get second opinion on GST and CG issuues as I think what my account told me might be not 100%...

Hi everyone, I am looking to start a group of like-minded investors/developer who are after a Pro subscription to Pricefinder for 1 year. (NSW Metro subscription) A thread has been created in Adding Value Section. If you have not read it, it can be accessed by following link...

Hi everyone, I am looking to start a group of like-minded investors/developer who are after a Pro subscription to Pricefinder for 1 year. (NSW Metro subscription) With the Pro subscription there are 10 logins available, so I need 9 other people / parties to sign up with me and split the...

Hi guys, I have done a 4 townhouses development in Newcastle NSW and currently doing another 6 units development. Due to family reasons my family is going to move to Brisbane in 2013 and look forward to continuing similar small to medium size development in Brisbane. After reading the DCP...

Hi guys, I am just looking for some help to deal with the accounting issues from my first time development project.:confused: My wife and I bought 2 joined properties (sitting next to each other) and now we have got DA approved to demolish the existing house on one block and build 6...

Hi guys, I just want to do some quick flips (buy - renovate - sell) with renovations in NSW. We have a group of people and one of us is a handy man who has some renovation experience so we plan to do most of the work by ourselves without major structural changes. :cool: Now the question is...

Hi guys, Do you guys know any solicitors in Newcastle who are experienced in lease options, call options and joint venture?:):confused: Anson

Hi guys, Just a simple question that I could not work out by myself.:confused: At the moment, the marginal rate of tax is 43.5% if your taxable income is more than 63k annual. Does it mean I can get 43.5% deduction on the total loss of my invest property if I earn 63001 dollors which is...

Hi guys, One of my friend suggested me to purchase an investment property in Coomera in QLD. I heard soem stories about the development in that area but still not very sure if it is a good place to lay my money.:confused: I am new to property investment. Could anyone shed any light on it...