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    Buying via a trust

    Not true at all. You lend the trust $10k. The trust gets the 10k cash. The trust then has assets of $10k. No, your loan is NOT being used as security for the 80% mortgage. It's the property that's being used as security. Wrong. If you're taking the money from a LOC and then gift it, your...
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    Buying via a trust

    Maybe. If the trust as enough serviceability on its own a guarantor may not be required. No, that's not correct. If Joe Blogs borrows money and their parents guarantee the loan, it's NOT the same as the parents borrowing the money. The loan is still in the name of Joe Blogs but the...
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    Buying via a trust

    Do you really know what you need to do? This is not the time to skimp on fees.
  4. A

    Buying via a trust

    In practice, abc company is usually a $2 company and doesn't do anything, so it won't go bankrupt. That's why it's usually not a good idea to have a company that operates a business, say, as trustee. If you build in the trust, yes, the trust is liable for everything, but you probably won't...
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