csargent89Participant@csargent89Join Date: 2019Post Count: 5
So I have 2 investment properties and I’m in the midst of building my home to live in. I was thinking about changing my super contributions to a higher percentage and purchasing my next investment through my super but before I do anything I want to make sure I know all the facts. My question is, who do I speak to about this? My accountant? Lawyers who specialize in property? Or a combination of people?. I want to make sure I’m well aware of any troubles and additional fees I may come accross, also to confirm if I’m even eligible.
Thanks for any replies.
CraigTerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
This is trick as there are different aspects so you would need tax, legal, credit and financial advice.
Probably best to check with a broker first that your potential smsf trustee can in fact borrow. Macquarie have just pulled out of SMSF lending so there is a dwindling source and lenders out there. I can only think of one, Latrobe, off the top o fmy head.
If you can’t get finance then there is no point in getting legal or financial advice.
If there is then next step would be to seek out a financial planner (AFSL licenced) who should work in conjunction with a lawyer.csargent89Participant@csargent89Join Date: 2019Post Count: 5
Perfect! That’s what I needed.
Cheers.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
We have our own white label SMSF product which is a leader in the SMSF market.
Certainly an area we see lots of borrowers come unstuck.
Drop me a line if you would like me to get one of credit officers to email you some product specs.