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First Development

Discussion in 'Introductions' started by Rod Doddridge, 10th Feb, 2016.

  1. Rod Doddridge

    Rod Doddridge New Member

    Joined:
    10th Feb, 2016
    Posts:
    1
    Location:
    Melbourne
    Hi I'm Rod and I'm looking for my first opportunity through my SMSF

    My initial approach is to find a permit approved site and use a full service builder ( like Metricon ) to step me through the process

    I have a feasibility template to work through and am conscious of the need for an independent valuation - any further advice or discussion will be most welcome

    What are the traps ?

    Cheers

    Rod
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker

    Joined:
    18th Jun, 2015
    Posts:
    641
    Location:
    Sydney
    Wow a development within an SMSF - that's excellent!

    Just remember that you can't borrow from the bank to develop within an SMSF so it needs to come from your own funds.