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Hi All, A few posts back I was asked for an update.. have been out there "making it happen" and so not on lurking on the forums.... I already had the SMSF with a corporate trustee. (Bought in 2009 and piad WAAAAY too much, so lets just move on, OK - its about learning curves and all...

Thanks to both... Mike, would it be possible for the director of the 1st corporate and trust that has purchased with a loan from the bank then allow the corporate trustee of the SMSF to purchase the property without holding a mortgage over the property?

I am buying a property in my SMSF. My SMSF has a corporate trustee and I am the director and sole member. The SMSF is to contribute $100k toward a $380k purchase. Most of the advice on how to proceed involves setting up a corporate trustee for a bare trust to act as security guardian of the...