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  • Profile photo of ianjackyinvestianjackyinvest
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    @ianjackyinvest
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    December 28, 2011 - 12:05 pm

    Richard have you launched your Ebook yet?

    Profile photo of ianjackyinvestianjackyinvest
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    December 28, 2011 - 12:04 pm

    Apologies my LOC comment is based on using my SMSF and using external funding for part of it. SMSF 40% and external for the LVR.

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    December 28, 2011 - 7:38 am

    Scott thanks for coming back, we are 47 and 48. I am contributing around $3k per month at the momet into SMSF from salary and my wife $400 per month.

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    December 28, 2011 - 7:36 am

    Thanks Richard we seem to have two steams going in a couple of forums, appreciate your help. What is your experience with lenders do you have any to suggest for first time MSF users, especially with my idea in mind. I am sitting with a couple of guys recommended in Melbourne by my accountant in early Jan to put a 3-5 and 10 year Plan in place. Lines of credit or access to credit will help going forward. Thanks again Ian

    Profile photo of ianjackyinvestianjackyinvest
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    December 28, 2011 - 7:32 am

    So in my case I would like to buy a 42sqm office for 190k and you are suggesting I may be able t secure 70% LVR and use the balance out of my SMSF, plus have my wife’s company rent the office from the Trustee.

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    December 28, 2011 - 6:27 am

    Guys can I ask a question from someone looking to do a similar thing, see “Help Needed” posting today. If TikTok is using SMSF to purchase the property is there not a criteria that states most lenders will not provide more than 60% of the LVR which means that TikTok needs a minimum of $150k which he does not have in the fund, plus I was led to believe you cannot use more than 80% of the fund at any one time. Apologies if I have missed something but I ma brand new to this and TikTok’s dilemma is right up our street. Thanks

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