Self Managed Super Funds

Click here for a handy Fact Sheet on investing in property through your SMSF

Self Managed Super Funds (SMSF) lending or Limited Recourse Borrowing Arrangement (LRBA)

Borrowing money to purchase a property within your Self Managed Super Fund is an excellent way to grow your wealth and manage your own retirement.

The process is more detailed than a standard investment property purchase but if you have the right professionals on your team that understand the legal guidelines that need to be met it's really not too much different. And the most helpful advice I can give you is to appoint someone to Project Manage the process for you.

You're first go to person would probably be your solicitor, accountant or financial planner, but having completed one of the most comprehensive courses available on LRBA's through the MFAA and given than an LRBA loan is essentially a mortgage, who better to project manage the process than a qualified Mortgage Broker specialising in SMSF lending.

By appointing me as your Project Manager I can help save you time and money by arranging a pre-approval before incurring any of the expenses of establishing the SMSF. If the pre approval is successful then you can go ahead in establishing the SMSF to ensure it's compliant with that lender. Each bank has their own specifications so why would you incur the expense before knowing what the outcome will be? Plus any changes you make in order to comply with the bank will come at an additional cost to you. Better to get it right from the start.

An added service to my clients is a report that can show you how purchasing within your SMSF can assist your cash flow, and assist in debt reduction including tax savings.

With the right people on your side, and everyone knowing what they need to do and when they need to do it, and having someone to oversee that process every step of the way will ensure that you minimize your costs, including time and maximize your outcome.

To find out more and discuss your specific circumstances give me a call or drop me a line.