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Investing in Property in SMSF

Discussion in 'Other Asset Classes' started by Adelaide, 1st Jul, 2015.

  1. Adelaide

    Adelaide Member

    Joined:
    1st Jul, 2015
    Posts:
    16
    Location:
    Perth
    Who has property in their SMSF?
    If you could do it again - would you?
    Any particular tips I should take note of?
     
  2. Redwood

    Redwood Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    342
    Location:
    Melbourne
    Hi there,

    There is a thread on SMSF property in the general chat form, first rule is to seek advice prior to establishing an smsf to ensure you understand the risks and benefits of SMSF and to determine if an SMSF is right for you.

    From there, all guns blazing, get a pre-approval and find a property that is a great long term investment. There are a number of considerations here.

    I have property in my smsf and continuing to expand, but it is not for everybody.

    Hope that helps

    Cheers Ivan
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,579
    Location:
    Adelaide, SA
  4. mimich88

    mimich88 New Member

    Joined:
    25th Jun, 2015
    Posts:
    1
    Location:
    Sydney
    hi,
    i just set up smsf and got my first smsf property settling end of this month.
    Rang a few insurance place and they don't insure SMSF house/property. Anyone that got SMSF property know which insurance companies I can try?
    Not sure what the real differences are as I was going to get building insurance and land lord insurance. but in the name of fund and not the director name (Mine).
    I got ip and no problem (not smsf)..thanks
     
  5. Richard Taylor

    Richard Taylor Mortgage Broker & Brisbane Buyers Agent

    Joined:
    20th Jun, 2015
    Posts:
    171
    Location:
    Brisbane
    Have 5 properties inside my SMSF and will continue to acquire suitable properties for development as and when the opportunities arise.

    As a firm we source and finance a number of deals each month for SMSF clients and never had a problem getting them insured.

    We use a General insurance broker - Direct Insurance in Brisbane.

    Tell Steve or Matt we sent you and they will look after you.