Would it be that obvious to the bank that it is a 1B building?
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...
@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...
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...
one more question. If not through a loan, what other ways can a trust get the 20% deposit? Through a gift?
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...
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...
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...
Bank --equityloan125konPPR--> me --loantotrust$125k--> DT (beneficiary me) (because DT hard to borrow from a bank) Bank...
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...
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