Question about CF+ properties

[Ralph1]

Hi all, similar but different question. If I have a SMSF and have a $120000 deposit do I use all of that as deposit and buy one property or do I split it and get 2 properties. Going by what is said on this thread I should split it, or do you approach it differently because it is a super fund.

Any help appreciated.

Cheers

 

[Redom]

Hi all, similar but different question. If I have a SMSF and have a $120000 deposit do I use all of that as deposit and buy one property or do I split it and get 2 properties. Going by what is said on this thread I should split it, or do you approach it differently because it is a super fund.

Any help appreciated.

Cheers

Will be tough getting a property in your SMSF with 60k deposits. The fund will need to cover 20%+closing costs as a min per property. You'd effectively be looking at 200k resi properties to have a chance of getting 2.

Cheers,
Redom