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SMSF 100k startup too risky?
My accountant has said that it is possible. It is one of the fundamental premise of my structure - SMSF will borrow 100% from me. If it isn't, I will have to sue him and retire with a good payout! A helpful link: http://www.noelmay.com.au/blog/can-i-lend-money-to-my-smsf/- china
- Post #26
- Forum: Investor Psychology
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SMSF 100k startup too risky?
Right now my SMSF has zero dollars. It will borrow from me, 100% of the purchase price of 245k to buy an office for me to use. My accountant has advised this. The smsf will then repay me over time in a properly drawn up loan arrangement. The property is bought in the name of a pty ltd which...- china
- Post #18
- Forum: Investor Psychology
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SMSF 100k startup too risky?
That can't be right. I am about to use my smsf to borrow 100% to buy a commercial property to run my business from. In fact, I know lots of professional people, doctors, lawyers, accountants, engineers who use SMSF to buy their premises.- china
- Post #13
- Forum: Investor Psychology