Hi,
just want to ask some opinions, I've read many of the threads here about hybrid trusts (old views as i believe things have changed) and i thought i would put my situation forward and get a fresh and current view.
* Single with no dependants
* High tax bracket
* Age early 30's
* own my own property with some equity (no investment properties)
* low risk of being sued
I would like buy my first investment property in QLD, i'm looking for something i can subdivide or develop some town houses in a few years time and then hold on long term. So just land bank and negative gear for the time being. But either way a long term hold strategy, hopefully forever.
The question is should i just do the easy option of buy against my own name and negative gear, or set-up a hybrid trust and buy in that.
The reason i'm considering a hybrid trust is for estate planning (passing on to future kids) and i would like to make my sister and mum beneficiaries when the trust becomes cash flow positive. the are both on very low incomes and could do with financial help.
From my understand is more banks are lending to HT's and negative gearing is allowed.
The product i'm looking at is Chan and Naylors Property Investment Trust.
http://www.chan-naylor.com.au/ap-in-structures-property-investor-trust/
Some issues im concerned about is setup and maintenance costs, and using equity in the trust to buy more property (building a property portfolio)
If anyone out there has some experience with these trusts that would be good to hear their opinion.
just want to ask some opinions, I've read many of the threads here about hybrid trusts (old views as i believe things have changed) and i thought i would put my situation forward and get a fresh and current view.
* Single with no dependants
* High tax bracket
* Age early 30's
* own my own property with some equity (no investment properties)
* low risk of being sued
I would like buy my first investment property in QLD, i'm looking for something i can subdivide or develop some town houses in a few years time and then hold on long term. So just land bank and negative gear for the time being. But either way a long term hold strategy, hopefully forever.
The question is should i just do the easy option of buy against my own name and negative gear, or set-up a hybrid trust and buy in that.
The reason i'm considering a hybrid trust is for estate planning (passing on to future kids) and i would like to make my sister and mum beneficiaries when the trust becomes cash flow positive. the are both on very low incomes and could do with financial help.
From my understand is more banks are lending to HT's and negative gearing is allowed.
The product i'm looking at is Chan and Naylors Property Investment Trust.
http://www.chan-naylor.com.au/ap-in-structures-property-investor-trust/
Some issues im concerned about is setup and maintenance costs, and using equity in the trust to buy more property (building a property portfolio)
If anyone out there has some experience with these trusts that would be good to hear their opinion.