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This is getting interesting! Wouldn't it be better just to set up a $2 company that did nothing else than just have 2nd mortgages on properties? I would keep it away from the trustee etc... Is there a good reason for using the trustee? Nom

Gridcap, This is interesting. Thanks for the info. As Acey has said what would you do if you refinance say evry two years to access the extra equity in a property? Acey, why do you say a PPOR is harder to get at? I have never heard that before. I wish it were harder to get at but if...