PROPERTIES FOR SELF-MANAGED SUPER FUNDS
When buying properties for self-managed super funds (SMSF), there are a few things to keep in mind. In any case, speaking with a qualified financial planner will help you identify the best way forward.
WHY YOU SHOULD SEEK EXPERT ADVICE
Depending on your circumstances, the type of properties you buy for your SMSF won’t fit into a one-size fits all mould. A financial planner will be able to offer expert advice about the way your fund is structured and what you should be considering.
There are many things to consider when investing through a SMSF, and your financial planner will be able to inform you and guide you through your decision making.
THINGS TO CONSIDER WHEN CHOOSING PROPERTY
It can be very hard to access money from a SMSF unless you are at retirement age. It is for this reason that many investors will buy newer properties that don’t require major structural renovation.
Nathan says, when it comes to choosing properties for his SMSF, he would stick with more modern properties that offer good capital growth and a strong cash flow, so they can look after themselves.
When it comes to choosing properties to purchase under his name, however, Nathan is much more open to different types of properties, whether new or old – as long as the numbers stack up.
Have you bought a property through a SMSF? Please share your experiences in the comments section below.