- In Bee Savvy - Getting the most out of your loan, Supercharged retirement – Buying properties with super
Do you have a self managed super fund (SMSF)? Like many people with a SMSF, you may be thinking about using your super to buy a property.
At Bee Finance Savvy , we’ve helped quite a few customers do this. Buying property with super is a fairly complicated process. These types of purchases are investment purchases. As a result, self managed super fund buyers must follow quite a few steps.
One such step is setting up a trust. This step will require the help of a financial planner, or an accountant. Setting up a trust is quite complex in itself, and so can be costly.
Where Bee Finance Savvy can help
We provide all our customers with a free, up front assessment of their situation, without marking their credit file. This is especially helpful when it comes to buying property with your super.
Trusts are quite complex and expensive to set up. Thus, it’s important to get it right the first time. Bee Finance Savvy will take a careful look at your situation, taking into account both your super contributions and the amount of rental income expected from the property.
This will allow us to give you an assessment of your likely borrowing capacity – the loan amount that you can be approved for.
In turn, this allows you to set up your trust with the right information, saving you from having to repeat the process if you get it wrong. This therefore places you in a position to move forward confidently, and avoid uncertainty and risks. In today’s property market, avoiding delays is often crucial.
Get in touch
Would you like to take advantage of Bee Finance Savvy’s no obligation, free consult service? If so, get in touch with our friendly Sutherland Shire based broker, Desiree. Desiree is a friendly, highly experienced broker who works with customers across the country.
You can call or text Desiree on 0455 131 937 or 1300 140 554. You can also email her at firstname.lastname@example.org
If you’d like to hear more about some of the customers Desiree has worked with, why not read our WOMO reviews: https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda
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