For 15 years we had to put up with listening to accountants and their linked financial planners who tried to push us to sell our commercial business properties that our family solicitor advised us through setting up a unit trust that our SMSF controlled.The nonsense of diversification by just holding paper equities was shown to be an emperor w…[Read more]

Just to follow on about the anti-detriment payment. When your super fund pays out the antidetriment payment it (the SMSF) is credited with a tax deduction that the remaining members in your SMSF gain and the tax deduction can be a gold mine for the remaining SMSF beneficaries.

In addition to Evolve's explanation with how to keep a property in a 4 member SMSF when a senior members die and death benefits need to be paid out. As pointed out insurance proceeds can help. Better yet is to set up a seperate reserve account in your SMSF with a seperate investment plan to ensure there is enough money to pay out the death…[Read more]

In response to wonderland and BB8 the statistics with property investors is that up to 17% of investors purchase 1 property, 8% 2 properties 2% 3 properties and 0.2% for six or more properties. The reason this is so is that most investors do not have a long term investment plan that they have written up. With property if you have a long term goal…[Read more]

Went to a seminar last Wednesday with a friend and the group is lawyers/accountants  that specialize in property and advise on the most tax effective and asset protection angles. I am already set up so don't need their services;http://www.lanteri.com.au/

Problem with putting Life and TPD in super (I have) is yes you do get a tax deduction but at the other end you or your beneficiaries pay tax on that payout.

Not strange at all Terry. Recently my nab Banker also gave me the names of two valuers they would accept. The question I would be asking Obiwann 22 is… before spending money on a valuer after only 6 months is.. Has Obiwann 22 had a quantity surveyor provide him with a depreciation report of all the noncash deductions he is entitled to claim…[Read more]

Most people like to think of their PPOR as an investment…..Most people have to retire on a centre link pension because they confuse investing with their aspiration to "own" a flash home with all the goodies. Problem is that flash home with all the goodies takes money out of your pocket week in week out with no return. An entire generation of…[Read more]

With regards to remaining positive I find having a library now of over 200 books on real estate and constantly re-reading the material, attending seminars on Trusts ,Tax and accounting has resulted in people saying to me its ok for you because your an expert. Definition of an expert? A big drip under pressure

Hi; We just capitalised our interest in advace for 12 months 100K + for one property. But we also are cross collateralised and also have properties in our SMSF of which we have paid out with good cash flow so the bank is happy to accomodate us.I would also say that the days of securitised loans are over and if you do not have a huge amount of…[Read more]