Self Managed Super Fund (SMSF) Loans
We can help you use the money in your Self-Managed Superannuation Fund to buy residential and commercial property
Click on below to download the free guide
https://www.myfinancepro.com.au/guides/smsf-guide
Francisco Silva is an accomplished finance consultant with over two decades of experience in business strategy, lending solutions, and financial management.
Holding an MBA from Melbourne Business School and multiple professional credentials, CPA, ACMA, and a Postgraduate Diploma in Commercial and Contract Law.
Francisco brings a wealth of knowledge to the world of Self-Managed Super Funds (SMSFs) and special accreditations to provide lending advice.
This guide is designed to help you make informed decisions with confidence and clarity.
Joan wanted a wealth building plan to help her set aside funds for a large nest egg for retirement. She had a SMSF with $200,000 and used the money to borrow extra funds to secure a residential investment property. Using a variable rate loan with a 7.80%p.a. interest rate, Joan borrowed $300,000 with an LVR of 80 per cent. The deposit is partly covered by some of Joan's SMSF funds, while the balance is borrowed money.
This allowed her to buy a property for $475,000, bringing the total cost, including stamp duty and other fees, to $500,000. Joan then rented the property out at $500 per week, giving her an annual rental stream of $26,000. Using money earned from the rent and other income, Joan was able to meet her home loan repayments and used SMSF money to cover repairs to the property.
Keeping an eye on market rates, Joan can increase the rent of her property while it grows in value over time. As a result, Joan can earn a steady stream of rental income and re-sell the property in the future potentially for a higher amount.
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