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thats how I would do it - except for the cash part.

Yes I have read similar statistics. Amazing isn't it!

Definitely. I would refuse to set up a SMSF without a corporate trustee. some reasons 1. asset protection 2. fines lesser (if non complying, breachese etc) 3. Administrative ease on admission of new members, death of existing member etc 4. distinguishes personal assets from trust assets etc

This is pretty straight forward. Are you asking about the personal trustee bit? A trust doesn't exist as a legal person so it is the trustee entering the contract - i.e. the individual. A guarantee is a promise that you will pay or do something if another person doesn't. So it is impossible to...

I think SMSF loans are generally referred to now as "limited recourse loans" as they are not non recourse because there is a recourse - just not to the fund assets. Giving a guarantee goes on your credit report and it does affect future borrowings outside the fund and must be declared in the...

Both require personal guarantees.

St George was a lender that did not require personal guarantees from members for the SMSF loans if the SMSF could service on its own. This has now changed with personal guarantees required from all members starting from today - no exceptions. Does anyone else know of a SMSF lender who does...