Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

LRBA

Notify me of new replies via email
Onzlo | 16 Aug 2017, 06:39 PM Agree 0
Hi all,

I have been trying to ascertain if I will be able to get approval on a LRBA through an SMSF, the fund isn't set up yet but I have had advice from an accountant and mortgage advisor, the issue is that all the big players are asking that the super fund has $200k in there, I have $170k.. The only reason I started looking at this as an option was that I read the $200k was a myth and even saw $120k investment options advertised.

Should I wait until the fund is $30k better off or are there lenders out there that will look at this?

I am looking at a $250k property and would like to borrow $120k.

Any help appreciated.
  • YIP EDITOR | 06 Sep 2017, 11:43 AM Agree 0
    Hi Onzlo, We would be happy to pose this question to one of our tax experts - please email editor@yipmag.com.au if you'd like to follow up?
  • xzthz | 11 Oct 2017, 07:22 PM Agree 0
    duykx
Post a reply