Amit Aggarwal is a property, tax, and finance strategist based in Melbourne. Amit visits the Property Uncovered show for the third time to share his experience and get into the nitty-gritty of self-managed super funds, a special type of private super fund that offers a different way of saving for your retirement. In this episode, Sanjeev and Amit discuss the process and requirements needed to set it up, whether it is possible to live in a property purchased through SMSF, or how you can use a self-managed super fund as leverage in your property investments.

-- TIMESTAMPS --

(00:00) Intro

(00:51) Disclaimer

(02:26) How are SMSFs different from retail super funds?

(04:36) Buying Property Under a SMSF

(07:12) The Process Of Setting Up A SMSF

(13:22) Choosing a Lender

(18:23) Can I live in a property bought under a SMSF?

(23:46) How Does A Bare Trust Work?

(27:46) Getting Help From Experts

(29:06) The Timeline Of Setting Up A SMSF

(34:45) Going Through The Documentation

(39:53) What To Keep In Mind If You Invest Under A SMSF

(42:04) Closing thoughts

(44:02) Where to find Amit

(44:48) Outro

-- QUOTES --

- “With a self-managed super fund, you have to make decisions with regard to investments. You run the show, no one else does. If you don’t invest, that money will sit in a bank account doing nothing.”

- “Lots of people don’t recognize super as their own money. They think it’s something they will get control over when they retire, but how you manage this journey will determine what happens at the time of retirement.”

- “Forget about everything you knew about buying a property. Because what you know is not even one-third of what you’ll end up doing in a self-managed super fund. Be ready for unknown territory because it’s extensive.”

- “The first step of the process would be to understand whether you should do it or not. That’s where you need to talk with your financial planner and get an understanding.”

--- CONNECT WITH AMIT ---

🌐 Website: https://amitaggarwal.com.au

📞 Book a call: https://amitaggarwal.com.au/booking/

📸 Instagram: https://instagram.com/life.beyondnumbers

🌌 Facebook: https://facebook.com/LifeBeyondNumbersAA

-- CONNECT WITH SANJEEV --

💼 LinkedIn: https://linkedin.com/in/sahsanjeev

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