In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, explores the benefits and complexities of buying property through a self-managed super fund (SMSF). He highlights the potential for gearing, allowing investors to leverage their funds to purchase property, and emphasizes the tax advantages, such as the absence of capital gains tax when selling property in pension phase for those over 60. Troy also discusses the importance of proper execution of the bear trust in conjunction with property contracts and stresses the necessity of consulting a licensed advisor before making any investment decisions. Tune in to learn how to navigate the intricacies of property investment within your SMSF and take charge of your financial future.

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Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:14 - Benefits of Purchasing Property in SMSF

00:02:07 - Understanding the Risks and Limitations

00:03:12 - Common Mistakes to Avoid

00:05:30 - Importance of Proper Bank Account Setup

00:06:25 - When It Makes Sense to Buy Property in SMSF

00:07:17 - Getting the Right Advice for SMSF Success