Hi Zorro

You don't really need to concern yourself too much with which lenders offer what to your SMSF.  You simply need a great broker who does indeed know such things to act on your behalf in securing finance.  Richard's your man

If you are unhappy with your superannuation fund's performance, change to one you are sure will perform better, or open your own SMSF.  You will be able to use its money as deposit+stampduty+buyingcosts for property, and your SMSF can borrow the rest from the bank.  Tenants can pay off the property.  NICE. 

It is up to the property manager to know the laws and in this case, the rules around the removal of the property assets is one example. This is what you pay them for.  If they mess it up and there are repercussions, the first approach should be discussing the issue with your property manager and the director of the Agency and politely request…[Read more]

Did they get Consumer Affairs in to decide if they were allowed to dispose of the tenant's property?  If not they'd have to be storing it for a while… at your expense.

Your management agreement, how long was the exclusive management period?  Surely the exclusive period does not say 24mths?

Hi LC888.  Richard is a financial planner and broker all rolled into one.  Shoot him an email to kick off discussions.  No such thing as too late.

LC888 just ring Richard and have him rejig things for you.  Don't rush into your line of credit, talk to him first.

Stay tuned.  I've messaged him and demanded he respond to you

Noooooooo

That is not the only way.  We will sort this out.  I will have the guru of finance get in touch with you and fix it.  Whoever is in charge of your mortgages is sacked, effective immediately.  There is a better way. 

Hi LC888

Just wondering what are your objectives?  (eg build a retirement portfolio / get a property or two as a backup income for retirement / fasttrack yourself out of the workforce)  I ask this because you might consider changing your thinking to first predefine the end goal and then only look at properties and suburbs that will get you…[Read more]

Hm I had understood a SMSF could not essentially go into business with or joint-own an asset with a related party.  Would the 5% rule apply here then?

Terryw wrote:
It could be possible.
Reg 13.22C SIS regs

Oh wow very nice. Thanks for sharing Terry – I will take a peek at it!

No. Your SMSF is not allowed to jv with a related party

To be clear, inner city areas are not the only areas that enjoy capital growth

Keep in mind with commercial that often the rent is paid less often than residential.  eg Quarterly.  So if your tenant was a company in financial distress, you might not see the warning signs as quickly as you'd like.

Depending on location, parking… if it is near somewhere there is not much onstreet parking but a high demand for spaces you could maybe install some electricity and some parking meter ticket machines.  You know the kind.  Park your car in this field, pump money into machine which gives you a ticket and you display it on your dashboard.  No need…[Read more]

Excellent

Muddying the waters a bit trying to factor in capital growth.

If I were building a shed in that suburb I'd also be putting in a sink.  For obvious reasons.  In that suburb there are lots of tradies and blokes that spend ages doing goodness knows what in the shed.  If you pay attention, "Attention tradies" is used on the real estate ads of a lot…[Read more]

Hi bella

I do believe I know the property you are takling about   Such pretty walls it has hey!

I'd strongly recommend figuring out how much it would cost you to relocate the shed if you had to.  Remembering to factor in cost of a new concrete slab, permits for the repositioning of the slab, tradies to move the shed…. not to mention whether or…[Read more]

Hi Luke

Nobody knows for certain what the capital growth of a particular suburb or property.  However, an educated guess can be made, using factors such as:

– The historical capital growth of the suburb
– Proximity to a capital city or major regional city
– Promixity to educational facilities, in particular private schools
– Promixity to a major…[Read more]

I always get my solicitor to read the contract before I sign it.  The solicitor can add in the B&P clause as a special condition.  With the correct wording, you can get every cent of your money back if the result of the B&P displeases you.