Wow……

I'm now comfortable that my original question has been answered and i'm confident that my $135k is more than enough to set up a SMSF to purchase property.  I've now made a decision to do this.  And im also reasonably comfortable with the fees i'm up for.  

However im only partially comfortable about "Who" to go and see first to set…[Read more]

Thanks to all who have responded

After speaking to some friends over the weekend, they said they were scared off buying real estate with SMSF due to the fees involved and then the time taken to manage the fund. 

Is there any advice to this?  How much does it cost to set up a SMSF so that it can buy real estate? 

Mat

Thanks Jamie and Richard – sounds like thats a smart way to go.Cheers

I should also note that i dont have a PPOR so no use suggesting the surplus goes into that property.  I am just renting atm.

I guess my goal is to keep properties and watch them grow in capital…  At the same time I i'd like to see them as close to neaturally geared as possible so they can take care of themselves.   Any cashflow will go back into the property itself or into investing more property.  Hence my original question, what to do with the $100k?  Bring the nega…[Read more]

Thanks for those that repliedI've decided to invest and keep my emotions out of my strategy.  Some simple number crunching helped me to realise that.  For those interested these are the sums i did when making my decision..  Hope they make senseThe table below compares two propeties. 1. is a hypothetical investment property. 2. is the block of la…[Read more]

Given the figues below no profit is made on the sale of the rear dwelling – Yes or No?Purchase Price = $500kSubdivision and Building costs = $250kTOTAL OUTLAY = $750kSale of rear dwelling = $500kLeft with Debt of = $250kOr does the house and land have to be revalued after subdivision? And profit / loss worked out on those figures?  If so who does…[Read more]

Particuarly interested to hear from those in Frankston that have subdivided.  I just did a quick flyover using Nearmap and there doesnt seem to be many subdivided blocks at all.  However almost every advert i see for property in Frankston over 600m2 says STCA potential.  What is the dis connect here? 

Just wondering what peoples opinion of Frankston is now – 5 years since the previous postings…