Search results

Yet you can hardly ever get finance for it so what property are you going to buy?

And what if said tenant comes after your personal assets - which happen to be units in a trust that holds the property? What a waste of time.

So...you don't insure your properties? That is after all what you pay premiums for.

So what's the point of going to the trouble of a unit trust for a residential property when all you want is negative gearing? You do realise that a personal name gives you negative gearing? Why? Which imaginary creditors are going to go after you which they couldn't do if you had a units in...

Yeah....banks hate nothing more than regulatory risk. All you need is for the ATO to rule that these hybrid trusts are non complying and slap on penalties and interest to boot, plus clawbacks. No wonder why LMI won't touch them. Seriously, people worrying about some small miniscule risk of being...

There is the distinction. Big Players. When you are dealing with multi-millions/billions of assets, then trusts become very important. For your small little house in St Marys? I doubt it.

But it is stupid to do that if you can't get finance or limit your finance options?? Think big picture. Do you need asset protection? With LMI the bank owns all the equity anyway plus your personal guarantee...

Why complicate things?