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All Topics / Help Needed! / To sell or not to sell
I have a investment property (duplex) that is 20% in my name and 80% in my fathers name who is close to retiring. It is worth about $360 with a mortgage of $282 and returning about $360 a week. It has excellent tenants (not been late for even one payment) for the last 7 years return as had very little cost associated with it. Should I sell due to low return and clean up the ownership problems or should I start a self managed super fund and sell to the trust….help would be much appreciated.
He there, you will not be able to sell it to your SMSF. Sales between a SMSF and its related parties is not permitted.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
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