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  1. R

    Our First Smsf Purchase - A Step By Step Guide

    Sorry deejay, I may have misled you. I later posted that the CBA SMSF lending is not as generous as they first told me. It was too good to be true.
  2. R

    Our First Smsf Purchase - A Step By Step Guide

    Thanks again MikeF and euro73. The Commbank lender chased things up for me and confirmed that she had got a few things mixed up. I told her at the time that it sounded too good to be true and that something was off the mark. I rang Qsuper the other week as I am a QLD government employee...
  3. R

    Our First Smsf Purchase - A Step By Step Guide

    Thanks for the phone number Bill. I've been waiting to use the services of one of the forum brokers so I'll offer him my services first. I'll keep you posted as to the current offers. I'm now thinking of starting the process and having it on hold till the new financial year to minimise...
  4. R

    Our First Smsf Purchase - A Step By Step Guide

    Thanks Bill, Reading your story, I'd be in pretty much the same situation as you but with a little less super and and a little less lending. I'd also choose the IO option. I wandered into CBA the other day to see what products they had and their lender offered a SMSF product at an 80%...
  5. R

    Our First Smsf Purchase - A Step By Step Guide

    I have recently wondered the same thing. Hypothetically, If I could purchase at an 80% LVR (400k lend on 500k purchase) and this property's value increased to 650K, could I withdraw 120K equity via a line of credit to use as a deposit and purchase costs on another SMSF property investment...
  6. R

    Our First Smsf Purchase - A Step By Step Guide

    Super effort Bill. Thanks for sharing with us. Just wondering why you decided to roll over your super while share values are low? Did you consider waiting for a recovery to the balance? Or did you feel that the timing was right at the moment? Sounds like an effective structure mate. What...
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