All Topics / Commercial Property / Super Fund Borrowing for Commercial Property – Need Accountant ??

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of OlliOlli
    Member
    @olli
    Join Date: 2010
    Post Count: 17
    March 1, 2010 - 12:31 am

    Hi,

    New member here, please forgive any questions that may have been asked before.

    I have found a product and bank that will give me a loan in my SMSF to buy commercial property (all legals, deeds included so no need for lawyer).

    All I need now is a good property accountant in Brisbane / Gold Coast to get this done prior to June 30

    Any help would be appreciated

    O

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    March 2, 2010 - 11:59 am

    Hi Olli

    Sorry I can't help you with the necessary accountants details but I've got to say that I'd never consider not using a solicitor to assist with a property purchase.

    I'm a keen"bush lawyer" ;-) but the things the lawyers have picked up in the past that I've completely missed, have saved me lots more than their fees.

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of urbanedgeurbanedge
    Member
    @urbanedge
    Join Date: 2010
    Post Count: 34
    March 12, 2010 - 5:40 pm

    hi Olli..welcome to this forum..enjoy your stay..

    Profile photo of jack1234jack1234
    Member
    @jack1234
    Join Date: 2004
    Post Count: 22
    March 13, 2010 - 11:05 am

    try http://www.diysuperfund.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 13, 2010 - 12:47 pm

    One lawyer is advising that some banks are arranging SMSF loan documents which could result in doubt CGT being paid – so it would certainly pay to get independent legal advice before signing any loan agreements.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Assist Business NetworkAssist Business Network
    Participant
    @assist-business-network
    Join Date: 2010
    Post Count: 8
    March 13, 2010 - 9:56 pm

    Hi there Olli,

    I am a Chartered Accountant with many clients having self managed superannuation funds with I help them administer.

    The situation you described is not uncommon and one which is easy to help you with.

    My client base is stretched from Brisbane, Gold Coast, Sydney, Melbournae and Adelaide and I would be happy to catch up for a chat to discuss your requirements.

    My mobile number is 0417 462 752… feel free to give me a call to discuss further.

    Regards

    Robert King

    Profile photo of Grow SMSFGrow SMSF
    Participant
    @evolve
    Join Date: 2009
    Post Count: 66
    March 14, 2010 - 3:07 am

    Olli,

    I reckon you need a person or firm who is the following:

    1. CPA or Chartered Accountant
    2. SMSF Specialist Advisor with SPAA
    3. Holds an AFSL (will be required for any and all who advise on SMSF borrowings / Instalment Warrants as per Gov press releases)
    4. Experience in similar transactions

    All the best

    Cheers

    Grow SMSF | Grow SMSF
    https://growsmsf.com.au
    Email Me | Phone Me

    Self-Managed Super Fund (SMSF) Specialist Accountants

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