Are you considering the prospect of borrowing money to purchase a property inside your SMSF? Are you wondering if you’re really doing the right thing?
It’s important to get across the right steps before even considering commencing his journey – because it quickly becomes a long process if you don’t get it right.
To name a few items that are essential to be ticked off, you need to consider the Trust Deed, your fund’s investment Strategy, and the different stages all Trustees are at inside your SMSF (e.g. are they accumulators or in pension phase?).
As you move into the purchase you need to allow time, make sure the structure is right and also ensure you’re not breaking other SMSF rules such as Arm’s length purchases.
If you’re interested, feel free to call us for a chat, we promise to get back to you the same day.