Hello all
I am new to this site and new to Investment options, reading through the site, i've got alot of information but done of which seem to answer what i wanted to know according to my circumstances.....
I am in my late 20s and looking what the super company is doing with my money lately i am considering taking control of the profit or loss and want to invest in a property using my Safe Managed Super Fund, my intentions is to purchased a property, rent it out for a long time then sell it when i get to my retirement age. I know most of the details about rolling over the money from my current account into a SMSF but what i don't know is.....
How do i go about getting finance for the loan?
I have close to 30k in my superannuation account so far. Would that be enough to purchased a property with a price of around 200k or less? What is the maximum that i can borrow from the lender?
Can i pay stamp duty, lawyer fees and other cost with the money in the super?
I know my super is not great but would the lender reconsidered since i already have a property with 2/3 declare as investment?
There might be some stupid questions there and i expect cristism but i am highly interested to finding out what my options are regarding with my current super situations
Any comment is a good comment......thanks
I am new to this site and new to Investment options, reading through the site, i've got alot of information but done of which seem to answer what i wanted to know according to my circumstances.....
I am in my late 20s and looking what the super company is doing with my money lately i am considering taking control of the profit or loss and want to invest in a property using my Safe Managed Super Fund, my intentions is to purchased a property, rent it out for a long time then sell it when i get to my retirement age. I know most of the details about rolling over the money from my current account into a SMSF but what i don't know is.....
How do i go about getting finance for the loan?
I have close to 30k in my superannuation account so far. Would that be enough to purchased a property with a price of around 200k or less? What is the maximum that i can borrow from the lender?
Can i pay stamp duty, lawyer fees and other cost with the money in the super?
I know my super is not great but would the lender reconsidered since i already have a property with 2/3 declare as investment?
There might be some stupid questions there and i expect cristism but i am highly interested to finding out what my options are regarding with my current super situations
Any comment is a good comment......thanks