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  1. MikeF

    SMSF trustee is Bank-boozled

    007 As I said in previous post if you have the security custodian company all you need for a 2nd property purchase is an additional the bare trust/instal warrant set of docs. We get them from a company which has all its docs vetted by the banks legals on behalf of clients using our...
  2. MikeF

    SMSF trustee is Bank-boozled

    Hi 007 There are a number of document providers around the country that provide SMSF advisers with the necessary structure & paperwork and it therefore depends on whether or not your adviser adds a margin on top as to what you end up paying. There may also be some that will provide trustees...
  3. MikeF

    SMSF trustee is Bank-boozled

    If the property is zoned commercial don't be surprised if the lender changes their tune. From my experience they will not do a resi lend on comm zoned property but if you can get away with it good on you. As to your question regarding contributing $50K ....if your self employed then yes you...
  4. MikeF

    SMSF trustee is Bank-boozled

    Agent007 Instalment warrant documentation including establishing the coprorate trustee is pretty simple to arrange and can be put in place for far less than what you seemed to have paid. I've seen it done for around $1,000-
  5. MikeF

    SMSF trustee is Bank-boozled

    Telsa Firstly a SMSF can not purchase residential property from a related party as the legislation forbids it. On the second part to your question regarding not holding a mortgage, even if you could sell the property to your SMSF and as I said you can't, I guess there is nothing legally...
  6. MikeF

    SMSF trustee is Bank-boozled

    Hi Telsa There is nothing stopping you lending the funds to your SMSF whether you do it as an individual or through some other entity such as a trust. The only problem is that you will need to have other security because a SMSF can not mortgage its asset/s. The legislation states that the...
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