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Thanks for the input Terry,
I've only been researching this for less than 24 hrs, but I'm confident on what I've discovered so far.
Using guidance from the linked document below to understand the legal/structuring requirements for limited recourse borrowing w/SMSF>
http://ntaacorporate.com.au/documents/SMSF%20Limited%20Recourse%20Lending%20Memorandum.pdf
I have found a correlation between what a US "Title Holding Trust" offers and the requirements outlined in the doc.
And I have just located anecdotal evidence that Washington Mutual and Wells Fargo Bank offer financing for investment properties (non-owner occupied) held by a Title Holding Trust.
Too hard and new doesn't = impossible.
Funny stuff Freckle,
Why so much energy to enlighten the masses about potential traps w/investing in the U.S ?
Did you get stung?
and/or do AU prop holders/investors feel a bit sad that money is flowing to overseas instead of continuing to jack up the average aussie home price?
love the use of charts and graphs, lol
Hi Good Morning,
I came across this thread while googling "Limited Recourse Borrowing for Overseas Property via SMSF"
Just read through it all, and I see information above regarding Citigroup AU offering loans to purchase property in the U.S — does this include the limited recourse structure for buying US property via SMSF? — wondering if there has been any other developments since the last post in June….
Similar to the original poster, we've only been in Australia for a few years so our combined super balance is only ~50K. But wanting to leverage that as a down-payment and structure the limited recourse aspect via a SMSF.
Does Citigroup offer the limited recourse borrowing for overseas investment? Surely there must be some Global banking product out there that recognizes this demand and opportunity. HSBC Premiere banking, etc? Cheers
