• Want a large asset for your future that keeps on growing?
• Don’t want to be just passively involved with your money?
• Interested in paying no out-of-pocket expenses for your retirement asset?
• Looking for expert guidance that gets the best results for you?
• Learn how to buy property with your super money and take control of your financial future!
Since 2007, the rules governing how you can use your Self-Managed Super Fund have changed. You now have the power to leverage your super through a Self-Managed Super Fund (SMSF) to borrow funds and invest in property rather than buying outright. You can hold property in your retirement assets with no personal out-of-pocket expenses when you know how to buy property with your super money.
With the share market more precarious than ever, it’s becoming increasingly popular to invest in SMSF funded property agreements. The most enticing aspect about such an investment is that you don’t have to pay any expenses out of your own pocket and upon reaching pension phase, if you want to sell your investment property, you don’t have to pay any Capital Gains Tax. This is in addition to the fact that a property purchased within your SMSF only pays 15% tax while a property purchased outside of your SMSF incurs up to 46.5% tax. The savings are immense to leverage one of your assets in order to grow another and establish a well-funded source of retirement for yourself.
In the case of residential property, you can borrow up to 70% of the total cost and use your SMSF to cover deposit, up-front costs, and ongoing expenses – all with no out-of-pocket expense to you. Your SMSF essentially funds the mortgage payments of your property and income from the property such as rent goes back into your SMSF. Any initial shortfall is covered by your super contributions until the property becomes cash flow positive and self-funding.
Knowing how to buy property with your super money establishes long-term sustainable assets and a solid foundation for your future. Knowing how to buy property with your super money allows you to play a bigger game and grow larger assets without the inherent risks associated with areas such as the share market.
Unlock the potential of your super and prepare for your future today. Investing in property with your SMSF allows you to build a secure retirement plan made of tangible bricks and mortar. A superannuation professional can help you actively engage with your super fund and control how it performs to give you everything you need for retirement with expert advice on how to buy property with your super money.