hi butchythink of buying a property in an smsf as an extension...

hi butchy

think of buying a property in an smsf as an extension of how you would invest normally in your own name - the smsf is simply another structure

effectively the fund owns the asset and therefore must maintain it - ie collect rent, pay rates and outgoings etc - just keep full documentation

titles office won't put the name of a smsf on the title so there is some additional compliance work for the accountant / auditor - ie declaration of trust but this is just standard procedure

however, if you're committed to long term investment aspirations and subject to your income and age, you may consider using an instalment warrant - ie gearing in super (i've previously posted heaps on this so i won't bore the regular posters with same - suffice to say that a warrant may prove beneficial and subject to you current super entitlements you may have some cash left over to buy some shares as well)

obviously there's a bit more devil in the detail but don't be daunted by the procees - if you've found a good investment, an smsf can be quite a good vehicle to use

cheers

mk