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Yep. Thats my simple conclusion. (despite the fact I like diy and wanted to make it work) = Don't bother trying creative self reno/travel type plans on a SMSF property. = Keep it simple stupid - buy something in good enough condition to hold long term. = If it needs any work, pay someone...

Thanks for this Terry, for any else interested I also followed the below questions up with a meeting with my smsf accountant (who is also an smsf auditor) I will try and paraphrase his answers. Looking to purchase a unit that requires a minor cosmetic reno (thats what I do best so Im sticking...

This one talks more about contributions but seems to be for qualified trade offering their service ? http://www.smsfessentials.com.au/strategies/smsf-related-party-property-improve-contribution Still hasn't addressed the other possible breach of related party...

Ok I need to work this through before I put a contract or offer on anything as the rules will determine the property I buy (won't buy a dog if its too hard to fix up - legality wise i mean not the effort of fixing) Can anyone comment on this short article? Its old (2012) and in lay terms but...

Great thread Terry! If I can somewhat hijack it - how about a current case study? I am currently researching my next smsf purchase. My wife and I are the only members at this stage, corporate trustee (to access St George 80% lend) Funds available approx 100k I haven't done a reno inside...