In regards to using Super/ SMSF to buy property. it is not as straight forward as people would like it to be especially in the residential property side. So Be aware of what your getting into if your going down that path. Commercial property investment in SMSF is more plausible but still have to consider the opportunity cost of alternatives.
It has been a long time since I have posted and thought I would add to this.
Definitely the 10% rule works and prioritizing is key!
The points made about saving in the bank is valid however if your looking to invest it into property your not going to hold it for very long? All depends. For me I think its a good way for me to build up builds. The…[Read more]
Hi Jev, I have gone from a full time job to doing sales work with only commission base. I would suggest doing this if you have no base costs such as rent and food etc. I would budget say 3 – 6 months and say if I do well in 3 months I will keep on going if not I will re assess it. I moved from an agents role into property finance so where there is…[Read more]
Interesting thought but how dodo you build up funds for investment in the first place if you cannot save? Need to start some where. I agree what you do with the money is important. I have definitely learnt something from the post and your blog. Cheers
Geez thats one of the worst things someone you love can do to you …. "If you care for me you will do this for me… I mean come on …."All I can say is take independant advice, so that you make a decision thats best for you and not based on your emotions.