I feel like a broken record.Got anything in your super?

Wow. Pretty rough outlook WJ Hooker!But something just doesn't add up.  If you're so sure that property investment is about to dissintegrate, what brings you to a property investing website? Easy, stimpy. Easy boy.<br /;)” title=”>;)” class=”bbcode_smiley” />

Yep, You're right on all counts Dan.The ongoing costs of audits etc do fluctuate, depending on how complex your super fund becomes. If you're going to do stocks and shares, theres a lot more detail in there as you have to record every trade, and there can be hundreds of them in a year!  If you're only going to do property, (and most people do do…[Read more]

Well, I'm going to the brisbane session.  See you guys there.

Hey, why not.  I'd use it.Just cuz people are selling something doesn't mean they're not useful.

To quote dan"One – set up costs are expensive, as are ongoing accountant / auditor fees.Two – can't use one property to leverage another.Three – current ambiguity in rules as to whether CGT is payable once loan is paid out, on transfer from bare trust to SMSF."You might be pleasantly surprised by a solution to each problem.One. Set up costs are…[Read more]

No objections?I was given this idea from a work colleague. I wanted to test it against the critics.Essentially, if noone disagrees then that sounds like a green light to anyone that has 100k of super. Come see me and let's get it done.

Ha!  Now there's a can of worms. Where do you think the money goes once you've put it into the collection plate?Do you think it's charity?  perhaps a little.  Missions? Sure, a little there too. Staff wages? yep, a bit of that.But you know where most of it ends up?Paying off the building that you're sitting in.  You're essentially paying for the…[Read more]

and then there's rent!Essentially I guess the expectation for retired people is this… sell your house that you have worked most of your life to pay off, and then rent and live off the money you have made from it.  Not my cuppa tea.  I want to leave a legacy behind for my children, not blow their inheritance because I was too scared or lazy to &…[Read more]

Wow. Look at em all come out of the woodwork the moment you say you have money to spend.I live in carindale. Work in west end. I'm 26. I could give you a hand if you wanted, but it looks like you'll have more help than you need.

Spot on JacM.  You're right,  people simply cannot afford NOT to take control of their finances and start investing. When it comes to retirement,  have a look at a few interesting tidbits of information. This is why we're screwed if we sit on our hands.in 1936, 17 tax payers in australia looked after 1 retiree with their taxes etc.in 2020 – it is…[Read more]

shahabr,There is a difference between setting up a SMSF and using it to buy property.It's relatively easy to set up a self managed superfund, there are countless places that will do it for you.  To go through the guys I work for, they do it for a little less than a grand.   The thing is, that's not the expensive part. The expensive part is or…[Read more]

It's a lot easier to hire and fire a property manager than it is to allow in, and then kick out, a tenant. Just choose your property manager wisely. Get referrals if you must.

Allow me to stand before you and scream at the top of my lungs for a moment.I KNOW WHERE TO FIND CASHFLOW POSITIVE PROPERTIES! Is noone paying attention to me? Am I invisible? Wait… let me just check my breath on a window… am I dead and I just don't know it?  Let me try again. I KNOW WHERE TO FIND CASHFLOW POSITIVE PROPERTIES!!!!Let me just…[Read more]

150k is a bit high. I would say the minimum is 100k.  It really does depend on who you're going with because, as its a relatively new concept, it is wrought with the ability for people to charge ridiculous amounts to set it up. Literally as high as 30k margins!! When you're dealing with a group that does it for pretty close to cost price,…[Read more]

Brilliant, thankyou.I don't plan on selling the house, merely getting it valued at a decent rate so that I can use the equity to go again. It's a cashflow positive money spinner.   I already have equity in it as my deposit was 40 percent, because given my financial situation they didn't want to lend me any more than that! So I've already paid…[Read more]

Hmmm…. depends. There's a couple things you could consider.  If you have a partner with more super you can pool your supers together. In fact, 4 people are allowed to go in together with their supers to buy a property. The alternative is to buy something small. Because the banks expect you to cough up a third deposit, it means you'd only be ab…[Read more]

Yeah, I reckon having it managed is pretty good value. Far less stress. If passive income is the overall plan than it's not passive if you have essentially just created another job for yourself as a property manager. 

Hey Shahabr,That's my area of expertise as I work at a company that sets up Self Managed Super Funds for people that are specifically interested in property. Feel free to take a look at this previous conversation I had on the topic. I think it's a pretty fair view of the pros and cons to buying property through super. https://www.propertyinvesting.&hellip;[Read more]

ebay it is! time to go shopping