Purchasing house and land in my Self Managed Super Fund

Viewing 4 posts - 1 through 4 (of 4 total)

[email protected]
Member
@joe.evans75-gmail.com
Join Date: 2011
Post Count: 3
April 11, 2011 - 6:40 am
Hey
Looking for some help with my SMSF. I have setup my smsf with esuperfund online and its all going pretty well. I am keen to purchase an NRAS house and land package into my smsf.
I am now struggling with how to get it done. I have had conflicting advice about how it can or cannot be done. I do know that it can be done and is being done, I just cant seem to find someone that can help me that isnt looking to setup and manage my SMSF or charge me a fortune in comissions to purchase one of their house and land packages. I have found the perfect investment for me, I just need the advice around the technical side of getting finance for the purchase of the land and the drawdowns for the construction.
Any help would be greatly appreciated.
Cheers
Joe
Dan42
Member
@dan42
Join Date: 2008
Post Count: 619
April 11, 2011 - 6:48 am
Hi Joe,
I would advise that you speak to an accountant that has knowledge of SMSF rules and regulations. You will have to pay to see someone, but they won't try and flog you a house and land package or a new trust deed.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 11, 2011 - 12:05 pm
Hi Joe
Purchasing a House and Land package in a SMSF can certainly be done but constructing a property cannot.
As for buying an NRAS property not an issue.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
number 8
Participant
@number-8
Join Date: 2010
Post Count: 333
April 14, 2011 - 12:37 pm
Good timing for you, I have only been back on this site for 2 minutes (busy for several months). I have completed many of these for clients in recent times. In fact the office I currently lease is owned by my own SMSF.
I am happy to discuss further- I am at Norwest Business Park, NSW.
http://www.birchcorp.com.au