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Nathan R.
Nathan R.
Waratah, NSW
1 Likes
0 Followers

Along with 2 other partners we are about to set up a food distribution business, each of us will be directors and have equal shareholding. The question we have is two directors who want to have their shares in their family company name and the director want their shares to be just in a business name, not a pty ltd.

Does anyone see this as a problem and does it represent any risks to any of us as directors?

last month
Jessie T.
Jessie T.
Katoomba, NSW
2 Likes
0 Followers

Hi,
Just turned 60 and want to ask a question about my pension. My partner of 8 years and I have decided to go our own ways and we will look to sell a little investment property we have in Forster. It is 50/50 and probably sell for about $380,000, no debt.

I own my own home, about $640,000 so if I get $190,000 less costs from the sale, how will it affect my pension, thank you

last month
Matt M.
Matt M.
Kenthurst, NSW
2 Likes
0 Followers

A number of mates are property developers in around Sydney. We have over the next couple of years up to 100 house and land packages coming onto the market and hoping we can steer customers towards a lender/lenders/brokers to obtain finance and we can sell the properties. We don’t want to be involved in the finance but with the Royal Commission, banks and brokers issues, we’d like to get some advice on who we should talk to. Is it now just the majors are there any nonbanks who will look at house and land packages or is it mortgage brokers?

2 months ago
Anthony M.
Anthony M.
Balgowlah, NSW
2 Likes
0 Followers

Hi, my mother has retired and wants to buy into a retirement village. She has no debt on her home and wants to look at renting her existing home until the property market picks up again. That means she will need to borrow against her home to buy into the retirement village. The rent should cover the loan. Our concern with what’s gone with the Royal Commission is will she be able to get a loan? If she has to sell her home that could take a while, or worse still, she gets a bad price in an under-performing market.

2 months ago
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