Search results

but isn't it the same as any other trustee in that it has right (and obligations) to be indemnified by the trust? or is an SMSF trustee different?

but, if it goes per shaped and the vendor sues, the other SMSF assets are at risk?

am not sure...practically how can this be achieved?

agree it seems pointless from the vendor's POV but it sounds like cu has done it?

* like * if you are flipping you could still take a hit but at least your downside is limited.

oh another thing - put the contract into a stand alone entity. if it all goes horribly wrong you will want to contain the damage

yes it's normal. even if you get a finance approval there is nothing to say the bank will still be lending in a couple of years - happened to me when Macquarie decided to stop being a bank for a while... I think they are one again who knows. Personally I wouldn't take this risk on. a bull market...