SNM Nothing to stop your SMSF buying on standard Residential property through a Real Estate agent as long as the Vendor is not a related party.If you purchased a residential property using an Instalment warrant  then you are unable to refinance or draw out more equity after ownership. (I think i understand the second part of your question).

Hi SnivagFirstly welcome to the forum and I hope you enjoy your time with us.Depending on what type of Trust will determine who receives any potential Tax benefit.Most poeple use a Discretionary Family Trust and this is one of the downsides that the losses are closeted within the Trust and cannot be claimed personally.

Hi Wayne Yes you are right sorry missed out the n't.Way you would do it is one at 60% and 1 at 80%.

Hi IZYes to both but of course you wouldn't have one where you still have some non deductible debt.

Look guys hate to say they are wrong.A SMSF can certainly purchase a residential property and i have a couple of properties in mine.What they cannot do is purchase a property from a related party to the fund i.e husband owns a holiday home and sells it to the SMSF or indeed rent a property owned by a SMSF to a related party at a discount rent i.e…[Read more]

If the property is residential it is simple – YOU CANT DO IT.Commercial is a different story.

Same Shire as my client seems like the area is certainly progressing at a good rate.Drop me an email if you would like a Residex report done on your property as they produce some interesting statistical information and useful when arranging a valuation.

Hi KyleeYes a good mortgage broker should be able to assist from here on in.Guess first hurdle is the valuation on your current property as this will determine how you can go forward from here.Just had a valuation back this afternoon from a forum client in Sydney and it has come in a lot higher than she expected so was extremely happy so another…[Read more]

One pitfall could be the lvr any potential lender might lend you.

I am with Terry i am not sure i would want to use an old trading company as the Trustee of Trust that i was intending to buy property assets in.

I am with Terry i am not sure i would want to use an old trading company as the Trustee of Trust that i was intending to buy property assets in.

I am with Terry i am not sure i would want to use an old trading company as the Trustee of Trust that i was intending to buy property assets in.

jshoooWill this purchase be an owner occupied property or investment ?

jshoooWill this purchase be an owner occupied property or investment ?

Wont be any issue with the 95% lend however the issue could come down the track when you have 3 properties on the single title.Many a lender has reduced its policy on multiple dwellings over the last couple of weeks.

Call me old fashioned but i must admit i cant see why you would get finance for this deal.Ok admit i might be a little awkward to put together but if it was straight forward we would all be Mortgage Brokers.All you need is $711,000 plus sufficient to repay your existing loan or have i missed the thread.

You also have to pay CGT on the apartment if you positively geared it when you sell it.You have to pay CGT tax on the apartment if u are negatively geared it when u sell it

PGB yes hate to say you will.In saying this again the Company only takes 24 hours to set up and be registered.

Merely increases the Tax deductions available in the current financial year which can certainly help with Tax planning if you believe the following Financial year your Marginal Tax rate or personal circumstances will have changed and your income effected.Assume property was owned as Joint Tenants and wife was giving up work for 9 months to stay…[Read more]

Hi KyleeWelcome to the forum and i hope you enjoy your time with us.Couple of things I would be doing to almost straight away to avoid further issues down the track.1) You mention that you would like to maybe buy another PPOR down the track and rent out the current property.If this is the case you certainly dont want to be increasing your loan…[Read more]