Recent Content by 316Kenny

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  1. 316Kenny
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    type 1b properties

    Would it be that obvious to the bank that it is a 1B building?
    Post by: 316Kenny, 9th Jun, 2019 in forum: Loans & Mortgage Brokers
  2. 316Kenny
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    Loan Split/Contamination Question

    Yeh, I get it. Money is not fungible. I think I read one of your other posts where you can rescue this but making sure the contaminated deposit...
    Post by: 316Kenny, 5th Dec, 2017 in forum: Accounting & Tax
  3. 316Kenny
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    Loan Split/Contamination Question

    @Terry_w sorry to revive this old thread. What's considered a detour? I've got split loans - one for the PPR and another sitting there with...
    Post by: 316Kenny, 5th Dec, 2017 in forum: Accounting & Tax
  4. 316Kenny
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    Using an LOC to purchase via a Trust

    Didn't think about security at all. So loan to trust will be an unsecured loan which commercially will be a higher rate... hmmm... Lawyer - not...
    Post by: 316Kenny, 8th Nov, 2017 in forum: Accounting & Tax
  5. 316Kenny
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    Using an LOC to purchase via a Trust

    one more question. If not through a loan, what other ways can a trust get the 20% deposit? Through a gift?
    Post by: 316Kenny, 8th Nov, 2017 in forum: Accounting & Tax
  6. 316Kenny
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    Using an LOC to purchase via a Trust

    thanks! In terms of duplication I was just thinking same i rate, same repayment period. Just don't want to getting taxed for the privilege of...
    Post by: 316Kenny, 8th Nov, 2017 in forum: Accounting & Tax
  7. 316Kenny
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    Using an LOC to purchase via a Trust

    3. Planning to be postively geared. 4. It's my first investment so I don't think I will reach threshold? 5&6. Yes, I have to check that. Do you...
    Post by: 316Kenny, 7th Nov, 2017 in forum: Accounting & Tax
  8. 316Kenny
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    Using an LOC to purchase via a Trust

    What if the loan terms are duplicated? If the loan to the trust is at a higher rate, what are the implications? I make a profit on myself and my...
    Post by: 316Kenny, 7th Nov, 2017 in forum: Accounting & Tax
  9. 316Kenny
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    Using an LOC to purchase via a Trust

    Bank --equityloan125konPPR--> me --loantotrust$125k--> DT (beneficiary me) (because DT hard to borrow from a bank) Bank...
    Post by: 316Kenny, 6th Nov, 2017 in forum: Accounting & Tax
  10. 316Kenny
    Post

    Using an LOC to purchase via a Trust

    Is it ok if the i/r of the loan to trust is set at the same rate as the LOC? There's no tax advantage. It's just trying to get capital into the...
    Post by: 316Kenny, 6th Nov, 2017 in forum: Accounting & Tax