Sim
Administrator
Okay - we've discussed about self managed funds borrowing money to invest in things like property... but what about them lending money as an investment itself ?
Can SMSF money be "invested" in private mortgages ? For example, you know of someone needing funds to complete a project - and they are willing to pay good interest in return for a medium term loan (a couple of months to a couple of years). Do the rules allow this type of investment ?
Probably a lot safer than sharemarket investments right now !
Thougths ?
Can SMSF money be "invested" in private mortgages ? For example, you know of someone needing funds to complete a project - and they are willing to pay good interest in return for a medium term loan (a couple of months to a couple of years). Do the rules allow this type of investment ?
Probably a lot safer than sharemarket investments right now !
Thougths ?