When buying property within a self-managed superfund, there are a few key points to remember.
1. Ensure your self-managed superfund allows borrowing and that your investment strategy includes direct property.
2. Purchase the property correctly in a bear trust with the contract in the bear trustee's name.
3. Understand your self-managed superfund's borrowing capacity.
4. Obtain pre-approval before signing any contract to confirm you can secure finance.
And most importantly, seek advice from your accountant and a self-managed Superfund specialist advisor to navigate the complexities of self-managed Superfund borrowing.
A broker will collaborate with them to achieve the best outcome for you.
