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  • Profile photo of maree_bradrossmaree_bradross
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    January 9, 2011 - 5:54 am

    No sorry – that is not a deduction

    Profile photo of maree_bradrossmaree_bradross
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    January 9, 2011 - 5:48 am

    Hi street monkey – I have been toying with purchasing an investment property with SMSF and aim to set one up this year, a little worried I don’t have enough in super yet (only $100k but you can borrow 70% and even up to 80%.
    Firstly you and your relatives are not permitted to live in a property purchased with SMSF (assuming you can once you have retired).
    If you do a search on this forum you will be able to find some previous posts on this.

    Profile photo of maree_bradrossmaree_bradross
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    January 9, 2011 - 5:44 am

    A co-worker built a house there 12 months ago. She loves it and was just commenting on how her property has increased in value sine then. Seems to have some nice caveats on the estate to establish a township feel.

    Profile photo of maree_bradrossmaree_bradross
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    January 9, 2011 - 1:20 am

    On the rent that you would be paying as a tenant?

    Profile photo of maree_bradrossmaree_bradross
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    January 7, 2011 - 10:04 pm

    My view is not complimentary I’m afraid – how silly!! What a lot of pressure to put on yourselves and your relationship, they may regret being forced to be so mature so young.
    I’m with Matt – why not baby steps, an older smaller unit, not the new house and land package.

    Profile photo of maree_bradrossmaree_bradross
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    December 15, 2010 - 11:42 pm

    Sounds messy – you haven't followed proper procedure and ignorance isn't a excuse, that is why there are property managers. I think chalk this one up to experience – come to whatever agreement you can come up with with the tenant. You may even have problems claiming through insurance as proper procedures weren't followed.
    It could have been much worse – I have been in a similiar situation and you have my full sympathies

    Profile photo of maree_bradrossmaree_bradross
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    December 15, 2010 - 5:41 am

    Where was the bond? Did you lodge it with Tenancy Board? Sounds like you haven't followed proper procedures – in Victoria you have to give the tenant a copy of a red book from Consumers Affair

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    December 15, 2010 - 5:37 am

    Sounds like you are self managing? TIme for a PM – we went through a similiar thing with renting out a house we lived in. All too personal

    Profile photo of maree_bradrossmaree_bradross
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    December 8, 2010 - 2:22 am

    Thanks Richard & Mike

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    December 7, 2010 - 11:49 pm

    Thanks for the feedback Mike – which bank offers 80% for SMSF?

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    November 29, 2010 - 11:25 pm

    Is the property in Victoria? I waitress with a lady who does this kind thing during the week for the state trustee's office, when elderly people are placed into homes

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    November 26, 2010 - 12:43 am

    god_of_money I checked out their website it has the following on SMSF:

  • Borrow up to 90% when guaranteed by yourself and the trustee, and secured against the property
  • Borrow up to 65% when guaranteed by the trustee and secured against the property

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November 25, 2010 - 11:11 pm

Thanks Tassie – we purchased our PPOR last year by using money from our IP and had to get mortgage insurance. Our PPOR has increased by $60k in this time but not keen to mess around with anything there at the moment.

Thanks god_of_money will look at those lenders

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November 23, 2010 - 10:24 pm

Is renting out your PPOR an option and renting something yourself? Catalyst has suggested the best option though

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November 19, 2010 - 4:21 am

normally african americans seem to be the rappers lol – sorry couldn't help myself :)

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November 18, 2010 - 4:58 am

Is the property fully fenced? It is hard to tell from the photos? – but would be an issue for tenants with children. Also there are no details on inspection details are they by appointment. Are you open to pets?

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November 2, 2010 - 9:19 am

Hi Ash, I would be interested in your contacts details -my email address is [email protected]
Thank you

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October 30, 2010 - 2:49 am

Doh! lol.
Oh well it was given to me and I appreciated it – so happy to share :)

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October 26, 2010 - 8:44 am

no worries – will send to you in the morning. Don’t have it on this laptop

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October 26, 2010 - 8:06 am

yep I can email you one

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