Hi all,
Just wondering if it is possible to use some funding from super to use for your properties???I’ve heard that you can roll over super funds to other super funds but just wondering if the above is possible ??[
biggrin][biggrin][biggrin]You can but it gets very complicated. Super funds cannot directly borrow money when buying properties, so you get 0% leverage. Also I might add that compliance costs for DIY super can be high (as are the penalties) and unless you have over $120,000, usually it’s not worth your while. (You can get around certain rules but you spend more money in setting up new structures).
PM me directly if you want to know more.
Rgds.
Lucifer_au
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