I'm calling on the broad experience of Somersoft again.
Is the following scenario possible? What would I need to look out for? What costs might be involved?
- Help someone make a more realistic offer on a property (which includes a car space on separate title) by lending them the value of a car space.
- When they settle, I essentially purchase the ca rspace from them, which I've basically already paid for via the lent money.
- The property purchase would be for a SMSF which adds another layer of complexity, legal issues etc
Strata by-laws are a potential hurdle I am aware of.
Could a genius solicitor write up the necessary stuff to make this happen or is it not realistic?
Is the following scenario possible? What would I need to look out for? What costs might be involved?
- Help someone make a more realistic offer on a property (which includes a car space on separate title) by lending them the value of a car space.
- When they settle, I essentially purchase the ca rspace from them, which I've basically already paid for via the lent money.
- The property purchase would be for a SMSF which adds another layer of complexity, legal issues etc
Strata by-laws are a potential hurdle I am aware of.
Could a genius solicitor write up the necessary stuff to make this happen or is it not realistic?