# 1. Purchased Buyer Beware, Fast Track, Kiwi Insight etc etc from Steves Melb Seminar but was chasing Wealth Guardian. Have dabbled in property for a few years, own 3 properties now and ready for the next but want to ensure I am set up the right way. I was told that Wealth Guardian is out of stock and no reprint in the forseable future, so, is there anyone in Perth who could lend, loan or sell me a copy??? Just want to make sure I am on the right track!!!
# 2. Someone suggested I should use my self managed Super Fund to outrightly purchase my PPOR and me to rent back…then use all the equity for future IP purchases. Capital growth has been steady at 13%. I know there is Stamp Duty to pay and the rent would be paid out of after tax dollars!! Does anyone else do this? Is there a benefit??
Hi GGG
I beleive that if you purchase a property using a superfund, then you cannot access the equity – superfunds assets cannot be mortgaged.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi Terryw
Thanks for your reply. I guess I really didnt explain it properly.The idea is to pay cash for my PPOR from my Super Fund (as Super Funds can not have debt) and realise the equity in my property back to my personal funds then use all that equity broken up numerous times for 20% deposits on CF+ IP’s.
Thanks JanetteHi Janette
Hmmm. I don’t think you can do that (legally) either. If you paid cash from your superfund, then the superfund would be the owner.
Or maybe your super fund would ‘loan’ you the money and you buy your home. If that were the case, then there may be problems with it not being at arms length. Superfunds cannot lend money to the trustees or their family. This maybe possible somehow – eg two friends swapping houses.
But I don’t know much about super, so am probably wrong!
Good luck
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Originally posted by Go Girl Go!:
[brI was told that Wealth Guardian is out of stock and no reprint in the forseable future, so, is there anyone in Perth who could lend, loan or sell me a copy??? Just want to make sure I am on the right track!!!Hey Janette,
Drop Brent at Property Investing.Com admin and ask him to send you a copy – he has been most helpful to me in the past. Im sure he’ll be ablt to help you out.
Kind Regards,
George.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
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