Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then... then the property just sits. And waits.
To sabotage means to deliberately destroy, damage or obstruct something. No one wants to do that when it comes to their finances, do they? But the reality is that many people do without even realising it. How do they do that?
No one likes rejection, do they? Whether it's being turned down for a date or not getting your dream job, being rejected doesn't make us feel any good.
Simplistically, when you borrow money, the bank or lender has a responsibility to ensure you have the financial capacity to service the mortgage repayments now and into the future.
The past century has probably not seen a sharper mind than Albert Einstein.
Buying a home requires the biggest financial commitment most people will ever make.
Buying a property is expensive. We all know that. And the expenses don’t stop once the property has been transferred in your name, either.
When you buy an investment property, it is most important to set up the right ownership structure for better asset protection and minimal tax liability. To this end, family trusts offer a great option and many Australians, even the ‘not so rich’, are beginning to explore the possibility of holding an investment property in a family trust.