Self employed client buy following property in SMSF
We supported the client’s purchasing investment property in SMSF in a challenging situation.
Client bought this in a capital growth area with the aim to grow wealth for retirement.
The client had only 1 yr.’s super contributions which typically is typically a no go zone for
self-employed people. Lenders as they want to see a minimum of 2 yrs. of contributions
Secondly, the lender must lend 80% for the deal to work. Typically, SMSF lenders have LVR
restrictions based on their risk appetite for property type, location, and client profile.
Hence finding a solution can be challenging.
Super Contributions Required
Fund Balance after purchase completion
Meets fund’s liquidity test of 5%
Found a home for the deal to settle on time as per the contract.
For more information contact us at firstname.lastname@example.org