Asset protection. Trust's mortgage must be recovered from sale of property prior to any litigant's claim being paid.
+1 to Spoon's comment about avoiding top floors. Lived in a 7 story building on top floor. Utilities like air con and ducting fans are on the...
Hi Mark - the banks aren't involved.
What if you did this instead - gift transfer $100k. Borrow it back. Gift transfer $100k again. Borrow it back. Do it again - $300k gifted.
That was a great thread Terry thanks for posting the link. What I took away from that as applicable to this case is: * Say my equity in property...
Thanks all. Read it in a book and sounded appealing - asset protection without having to transfer assets to a trust/other entity and pay stamp...
Thanks Terry. To your points; * I thought an equitable mortgage is 'the promise by the borrower to reserve the relevant equity in the property...
Dominique Grubisa in the news for all the wrong reasons recently, but reminded me of an asset protection strategy of hers, and I wanted to see...
Oh but it was!
An apartment I have in a high-rise required some fire remediation. This was not cladding. It was properly insulating the wiring holes between all...
Sure rent-vesting makes sense in some circumstances (i.e. for cash flow, low growth)...but certainly I wouldn't do it myself. If you're trying to...
The amount we take out can vary depending on how much cash we need. Right now we need more than usual for a variety of reasons, one being to cover...
My wife has a company (Pty Ltd) in which she is the only employee (although there are many contractors). The company pays her a salary. It seems...
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