Hi Richard
A few years ago I had a client who had 2 properties on the sunny coast which were in his super fund. The super fund was managed by AXA or something like that.
He entered into a contract of sale to sell the 2 units but because the super fund had a greater valuation on the property than the sale price they wouldnt agree to the sale and it took 6 months for them to get another valuer to sort it out
Can this have an impact in this situation and if so does the super fund offer to buy out its partners?
I guess there is always the possibility of arguments when you have a 3rd party involved, but the important thing about this scheme is the lower loan amount required to secure the property.
If this scheme was available in the old days when I was buying my 1st PPOR
I would have been able to buy in an area where I liked to live not where I could afford to live.
With 80% ownership in area A, long term returns would have been similar
to 100% ownership in area B but my livestyle would have been different.
Now this is something to think about......
Cheers