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There are numerous ways that could help you buy some property such as industrial, commercial, residential and even farm and the best way is to have a self-managed super fund to buy property. Even though that possibility was impossible until 2007 and today there is a specific type of borrowing that will give you the possibility to have strict requirements.
You will be able to make one or more payments if you are SMSF trustee and there is also a possibility to purchase asset but ownership will be held on trust through the holding trust. However, SMSF uses borrowed money in order to purchase only one asset or collection of identical assets that have similar and same market value.
The idea between these particular funds is to kill the interest which means that you are a trustee and you are responsible for it on a legal basis. If you develop an investment strategy and business plan that will ensure parties that you have a perfect plan along with legal obligations, you can take control of superannuation that is invested. However, the main problem is that the money could be used only for purpose of the fund and not to run business and benefit from it.
Conclusion:
There are different ways of obtaining the property and this is the one, however, you have to be certain that on the legal basis your ideas will have the response and that is the reason why you should use SMSF adviser in Sydney that will help you control and manage your funds and make your ideas come true.
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