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I believe he is referring to the PIT (Property Investing Trust) that Chan & Naylor were sprouting. I had heard that there were some problems with this though, so not sure if they still do them.

Thanks Terry. I knew someone would come to my help. Knowing what you want to say and figuring out how to word it sometimes escape me.:D

I think you will find it goes both ways. I am not a broker, however, I think that what was meant by that comment is that there are some (at least one that I know of) lenders that do not look at borrowings in a Trust when you are looking to get finance for properties in another entity...

Wishful thinking perhaps?:rolleyes:

Of course they will perpetuate it. You've seen it yourself.

Maybe, then, this should be a topic for another thread. I am sure there are plenty here who would be interested in hearing what transpired. It could prove educational.

This is exactly right. A Trust is a powerful tool, however it is not right for everyone. We all have different circumstances so a blanket statement telling everyone that a Trust is no good, is just as incorrect and useless as saying it is the best thing since sliced bread. A Trust does add...