Hi,
I have around $125k in a 'normal' super account and am perhaps looking at buying a 1x1 apartment in Perth approx 1km from the CBD via a potential SMSF with a loan of ~$380k (all inclusive of stamp duty etc). After reading through a number of other threads here, i know there are a lot of things to consider in setting up a SMSF.
Apart from being unsure if it's worth the whole dilemma of setting up an SMSF, or if I'm potentially paying too much for the property (thoughts appreciated here!), I have a simple query which i havent been able to find an answer to: with the whole concessional and non-concessional contributions made to the fund, how is rent received factored in - i.e will this reduce any concessional or non-concessional caps, or is it factored in separately?
Also, someone told me it would cost around $10k to setup a SMSF - what do ppl think about esuperfund as an alternative?
I have around $125k in a 'normal' super account and am perhaps looking at buying a 1x1 apartment in Perth approx 1km from the CBD via a potential SMSF with a loan of ~$380k (all inclusive of stamp duty etc). After reading through a number of other threads here, i know there are a lot of things to consider in setting up a SMSF.
Apart from being unsure if it's worth the whole dilemma of setting up an SMSF, or if I'm potentially paying too much for the property (thoughts appreciated here!), I have a simple query which i havent been able to find an answer to: with the whole concessional and non-concessional contributions made to the fund, how is rent received factored in - i.e will this reduce any concessional or non-concessional caps, or is it factored in separately?
Also, someone told me it would cost around $10k to setup a SMSF - what do ppl think about esuperfund as an alternative?