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  1. Terry_w

    Low Doc Loans and Investing

    One way a trustee purchase could assist in this situation is for you to lend the deposit and closing costs to the trust so it can get a 104% loan. Later as equity builds up the trust refinances the loan borrowed from yourself and higher deductibility of interest is retained as well as you...
  2. Terry_w

    Low Doc Loans and Investing

    In some cases the borrower is signing a statutory declaration that their income is X when in fact the tax return shows inome is Y. ATO could assess the tax pay on X. I haven't seen it happen, but did read one case involving a breadshop owner. But there is also the child support agency. I have...
  3. Terry_w

    Low Doc Loans and Investing

    Low doc or not would make no difference to this.
  4. Terry_w

    Low Doc Loans and Investing

    Not if you don't. Also from a borrowing point of view not if you own the company.
  5. Terry_w

    Low Doc Loans and Investing

    Why do you say you will qualify for a low doc? What sort of evidence of income do you have?
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