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  1. Shahin_Afarin

    Our First Smsf Purchase - A Step By Step Guide

    The dangerous assumption (not only by the investor but also the people sellling/recommending a product) is that we can just go on an IO loan and then once the value of the SMSF increases - we can simply draw upon the equity and reinvest. The most ironic part of this story is that I went into...
  2. Shahin_Afarin

    Our First Smsf Purchase - A Step By Step Guide

    Here is a very quick snapshot of some of the lenders that do SMSF: Macquarie: Pros - They do NRAS under SMSF, they have cheaper upfront, cheap ongoing, upfront vals and super cheap interest Cons - no offset, they require you to have a 10% surplus in your super which is often a massive...
  3. Shahin_Afarin

    Our First Smsf Purchase - A Step By Step Guide

    Each lender has slightly different policies. St George is a bit more expensive than say Macquarie but if there are no additional contributions required for servicing then you do not need to service outside the SMSF and if you can include additional contributions even if you haven't contributed...
  4. Shahin_Afarin

    Our First Smsf Purchase - A Step By Step Guide

    Thats nothing - try fixing the mess thats caused when conveyancers place the superfund name on the COS.
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