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Post by thereth on Jan 18, 2016 22:10:57 GMT 10
Hey guys,
I am not sure if you are aware but if you have a self managed super fund you are able to buy property. Now the caveats in a nutshell are tha it cannot be residential if it is to be lived in or rented by you or a family member, all property purchases are to be at 'arms length' (no buying off family or friends) and the property needs to meet the sole-purpose test of providing retirement benefits to its members.
Now with that bit out of the way, between me and Mrs Reth we have enough super to buy a very nice sized block here in the wheatbelt outright, the blocks areabout 2000 acres and are about 60% arable with the rest bushland, the arable part is the good thing as you can lease that to farmers therefore showing that it is an investment and making a return.
I was wondering if anyone here had used this method to increase their options of BOLs?
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