Total Members: 159,186

misguided_will

  • misguided_will replied to the topic SMSF Co-owner use in the forum Legal & Accounting 8 years, 6 months ago

    Hi Terry,

    Thanks for the suggestion. I think the co-owner should be able to borrow enough against their existing properties to fund their 50% share.

    Regarding co-owner use (actually a relative), assuming the house has self-contained quarters such as a granny flat OR is a dual key apartment, do you think their usage would comply with the SMSF…[Read more]

  • misguided_will replied to the topic SMSF Co-owner use in the forum Legal & Accounting 8 years, 6 months ago

    thanks terry

    re “the property couldnt be mortgaged”, i was planning to use my smsf balance of $150k to get a loan to pay the smsf’s 50% share, meanwhile the co-owner/related party would arrange their own financing to pay for their 50% share.

    To clarify, do you mean that the co-owner/related party can’t have their loan secured against their 50%…[Read more]

  • misguided_will started the topic SMSF Co-owner use in the forum Legal & Accounting 8 years, 6 months ago

    Hi there

    I’m considering purchasing a dual key apartment or house with a granny flat with my SMSF (50%) and a co-owner/relative (50%).

    I know for a 100% SMSF property, relatives are unable to benefit/rent the property.

    But as a co-owner, would they be entitled to use their half of the property which they own?

    Thanks

    richard

misguided_will

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,186

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!