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Wouldn’t be enough to do anything meaningful Property wise – can always build the numbers back up in the SMSF and be able to buy again.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
You mention you have it left so i am assuming you have done something else with the balance.
If you purchased a property and the loan was set up correctly i would look at placing the funds in the SMSF offset account.
$18,000 is too little to do anything with it at the moment unless you were thinking about making a non deductible contribution.
Cheers
Yours in Finance
0-40 properties in a decade. Ask me how.Richard Taylor | Australia's leading private lender
Hi Gags,
Common question these days.
Key thing to remember is that $18k is a good buffer, your decision will be based on your existing investment strategy which I assume will be documented.
Generally speaking, Depending on your asset mix and stage in life, you can do a few things:
1. Precious metals – popular at the moment
2. Depending on % of assets, a Term Deposit (notes rates are extremely low at the moment)
3. Have fun and buy some shares if you can afford to take the ‘educated’ risk
4. Refer belowDepending on your age and exit strategy you can use the $18k as a base to develop a strategy to invest in property. You may or may not have a significant asset base that is liquid which can be used as a strategy to borrow to invest in property. There is no minimum – however you can borrow up to 80% of the purchase price, as you consider this don’t just think cheap property, think quality over quantity so save if needed. Personally, a minimum of $80k is needed, however this will depend on where you choose to buy and of course subject to serviceability of the loan.
There are still 80% lenders so the ball is still in the SMSF buyers court.
In summary with limited info $18k may be a small piece of the pie, and you may decide to cut the pie to invest effectively.
Disclaimer: this is not financial advice and does not take account of your personal circumstances, seek your own professional advice :)
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
You mention you have it left so i am assuming you have done something else with the balance.
If you purchased a property and the loan was set up correctly i would look at placing the funds in the SMSF offset account.
$18,000 is too little to do anything with it at the moment unless you were thinking about making a non deductible contribution.
Cheers
Yours in Finance0-40 properties in a decade. Ask me how.@qlds007 So what’s the typical minimum amount for investing in SMSF ?
Can this investment combined with NRAS as well ?SiteManager
Investing for a better future
There is no minimum amount required but realistically you would need circa 80K +.
Yes there are still lenders that will lend a SMSF to buy a NRAS property but whether it is a good investment is a different matter.
Cheers
Yours in Finance
0-40 properties in a decade. Ask me how.Richard Taylor | Australia's leading private lender
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