Alex, We could not get definite information. But rather than do nothing, we have gone ahead with the purchase of two houses in our SMSF LLC, but chose to own outright rather than the worry of loans in the SMSF. It means we own fewer houses, but less hassle. One in Florida, one in Memphis. Management is really good and we are watching rental money…[Read more]

Some really good points in these  last two comments. I have seen a lot of past comments from people who just can't make it there. We did  go and visit some cities recently and were reassured that a) the houses do exist and this is not a scam b) The most important item on the list is someone who you know and can trust to manage the house(s).We s…[Read more]

I would like to know if you can borrow money in the US through a SMSF and be ATO compliant in Australia? I have been and met real estate buyers and bankers in Florida – but they cannot give me advice for Aust and this is so new for SMSF's that accountants over here (in Aus) are uncertain. I rang the ATO hotline and the consultant just read off the…[Read more]