Bullet Proof Business: Smart Strategies To Protect, Maximise And Accelerate Your Business by Dugan David & Cook Jason & Cook Shayne

Author:Dugan, David & Cook, Jason & Cook, Shayne [Dugan, David]
Language: eng
Format: epub
Published: 2015-07-03T16:00:00+00:00

Fast approvals.

Less paperwork.

Disadvantages

Typically a more expensive debt to set up.

Typically higher interest rates than fully income verified loans.

Typically lower lending ratios allowed in relation to the value of the property or asset compared to a fully income verified loan.

Sometimes only shorter loan terms available.

Limited recourse self-managed super fund lending

A self-managed super fund (SMSF) taking out a loan from a lender (third party) or from a related party (member of the fund).

The SMSF can use the debt combined with its own funds available to purchase a single asset (typically residential or commercial property) that is held in a separate trust.

Advantages

Allows you to gear your superannuation fund to afford an asset that may have otherwise been unachievable.

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