Hi all,
any comments appreciated thanks
Looking at a new home in Auckland at the moment for the growing family- but to use in 5 years time (so looking to buy and rent it out)
Currently have a family home in a trust and trust owns a company with a number of rentals
Im planning on buying the new home via the holding company.
what happens in 5 years time? Do I sell current home (which is debt free) into the holding company, refinance and use the funds to pay off debt off the new family home and put that into the trust?
thanks
any comments appreciated thanks
Looking at a new home in Auckland at the moment for the growing family- but to use in 5 years time (so looking to buy and rent it out)
Currently have a family home in a trust and trust owns a company with a number of rentals
Im planning on buying the new home via the holding company.
what happens in 5 years time? Do I sell current home (which is debt free) into the holding company, refinance and use the funds to pay off debt off the new family home and put that into the trust?
thanks
Comment