Search results

Hey Lizzie, 80% of our clients invest in property and ask us the same question - can I improve an asset under a LRBA, answer lies in using cash to be safe in meeting the defn of repair v improvement, some examples stick out like dogs b$%ls, like adding a garage is an improvement. So read...

Yes Marty, in NSW the bare trust should be executed between the date of the contract of sale and settlement. The purchaser on the contract should be the "Bare Trustee" in NSW. The above will ensure there is no double stamp duty on transfer/ sale in the future and corporate trustee is a must for...

Hi Srini, Give me a call and i'll talk you through it. Its rather simple when it is explained properly. Over the phone I use the left/right hand example. That is SMSF with Corporate trustee on the left and Bare Trust with Corporate Trustee on the right. Bare Trust: sole purpose is title of...

Hi Srini - up to 70% LVR for commercial and lenders offer different loan terms. Cheers, Ivan

Yes and "it depends" refer to the example I used in page 1 of the thread. Depends on your SMSF strategy and purchase price. I would not use it all on a property, ensure you have a clear goal and strategy (due diligence - price location yield) - leave a cash buffer and seek advice on risks and...

In a previous post I covered the minimum balance myth. Just now 4-5pm, a SMSF guy came to my office. These are the facts: 1. Super balance $80k 2. Purchase price of property say $470k Deposit paid already just about to settle and of course there seems to be an issue with finance (oh...

Hi Chomp - There is never a minimum, however the way you would measure it is to say I would like to buy a resi property which will achieve LVR of 80%. I would need to lay down a 20% deposit which is 100k. I can borrow the remainder of $400k. This will depend on number of members and...