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SMSF and Borrowing

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SMSF and Borrowing

gaining popularity and talk of the town is SMSF borrowings to buy property. i understand that most Banks are much more comfortable with this type of borrowing and are competing for their share of lending. Interest rates and LVR have improved however anyone contemplating this type of borrowing to buy property must beware of potential traps that could be extremely costly and render the exercise anathema. Care must be taken to ensure that the SMSF does not borrow to buy prohibited property, be exposed to double stamp duty, etc ...........
TIP: seek Professional advice BEFORE buying and/or signing contracts.

11 Comments to SMSF and Borrowing:

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More borrowings to buy property and understanding much more comfortable with this type of borrowing and are competing property. The exercise and must be taken to ensure that does not borrow.
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