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Thanks Bill. I see that (set up Trustee Company) as the first step in the process anyway, and with nominal cost. This thread continues to be a great resource to those venturing down this SMSF leveraging path.

Company first What about setting up the trustee Co first (as an empty shell) in the name selection that pleases (with directors being the members of the SMSF) as this is what will sign on the contract and what will appear on title anyway. Once purchase is unconditional, then go about...

Leave a buffer Agree. In addition to what BV has said, it may be prudent to leave an initial buffer for interest shortfall if the fund is a bit skinny when you start. This would be needed to appease the lenders I would imagine and to hedge on unforseen early repairs or large bills such as...

Nice thread Bill. Thanks for sharing your purchase mechanics here. This is still a fairly green area. I had contracted a (development potential) property earlier in the year thru our SMSF and was to also udertake the warrant lend.......in the end I let it go due to building anomalies that...