Bit more tricky tjan thst Jac.

A smsf could borrow from a member to reno but could use tje priperty as security.

And it wouldnt be a donation but anything put intp the smsf could be a contribution. If this takes one over the contribution caps it could have serious tax consequences.

Sorry for the spelling. Just travelling from laos to thailanf via car.

Yes in some instances. It wont show up on your credit file but some lenders specificall ask questions around being in default.

Any transfer between spouses

If you have an option of the property then you will have an equitable interest in that property and could therefore probably be ok – but seek your own legal advice on this.

From memory Janmor involved living in a home that was owned by a trustee of a trust.

Yes, stamp duty, cgt and a new loan would be required.

In vic it is possible for one spouse to sell to the other at full market value. So the other spouse could borrow to buy half the property. This would release cash which could be used to pay for the new PPOR.

Best to get an IO loan with 100% offset and store money in there. It will save you the same amount of interest as if paid into the loan and also will enable interest to be claimed should you choose to move out in years to come and then rent it.

That article probably describes exactly what is happening in this situation.

Ah, it will be very difficult to find a lender for these. Try CBA maybe.

There is a reason why they are cheap – no one can finance them. You have to ask yourself if these are a good investment.

What about taking an option to purchase the property – may be hard to do.

When entering contracts you must consider what will happen if things go wrong. You can set up a corporate trustee for your unit trust and this company will enter the contract. If you cannot settle for whatever reason then the company will be sued, not you. But many vendors insist on personal guarantees from directors – some don't so it may depend on how smart your vendor is. If there is a special condition for a personal guarantee you can try to have it removed too. If this is no possible then make sure there is only 1 director of the company.

Getting bank finance is different. They will insist on guarantees from all directors of the trustee company and probably all unit holders of the trust. You must also generally get the lender's permission to change control of the company or to transfer units in the trust. Failure to do this may be a breach of the mortgage conditons which could result in the lender asking you to repay the loan in 30 days or so.

Limited recourse is where the lender will only take the security property and not ask for personal guarantees. This is very hard to secure, especially for smaller loans. Even Allan Bond had to give personal guarantees.