SUCCESS STORY 01
SMSF SUCCESS STORY
Scenario
Laura, a 35 year old nurse, has recently started her own practice renting rooms in a medical centre on the grounds of a major hospital.
Her landlord has decided to sell the suite for $350,000. However, she cannot afford to buy her suite.
She has few other assets, although she and her husband both make very good money.
They have a $190,000 in a retail master trust super fund and $40,000 in savings.
The couple roll their super into a SMSF and make use of their savings to make deductible super contributions ($18,680 each).
They use the super (now worth $226,000) to invest in the suite using her SMSF.
Facts
SMSF lends their super fund $245,000 (being 70% of $350,000).
Their SMSF pays the balance including all the usual transaction costs including stamp duty.
The practice continues to pay the same (market) rent as it did before.
The rent is now helping fund their retirement. All future gains in the value of the property are concessionally taxed.
Laura no longer has to worry about being unable to renew her lease.
SUCCESS STORY 02
SMSF SUCCESS STORY
Scenario
Peter (62 years old) operates a car workshop from a premises acquired in 1991.
He wants to retire and allow his son John to take over the business. The property is now worth $1 million and has been fully paid off.
Peter has few assets other than his interest in the business. He and his family have SMSFs with total assets of $500,000.
The SMSF invests in the property using a Tandem Uehling brokered funder in order to provide $700,000 of the purchase price.
Facts
Their super fund provides the balance and the usual transaction costs including stamp duty.
Peter receives the market value ($1m) which he uses to contribute to super.
No CGT is payable because of the small business retirement provisions.
Peter and his wife can each get a tax deduction for up to $105,113 for these contributions – the rest is non-deductible.
Peter and his wife can now receive tax free income of $85,000 pa whilst John pays deductible rent of $73,000 pa.
Real People, Real Investors
Listen to what our happy members say about us.
As a native of the USA, I hired the services of Tandem Uehling PropertyUSA when I decided to move to Australia and didn’t want to sell my property but rent it for cash flow instead. Greg has been instrumental in not only placing tenants, but also consistently keeping me up to date with video updates of the property. Greg was also able to refinance the mortgage after the GFC with an interest rate of 2.5%, this has substantially lowered my expense ratio. My trust in Greg has caused me to purchase additional property investments through Tandem Uehling PropertyUSA which is now generating an Internal Rate of Return (IRR) of 16%. Because I am so pleased with these returns, I have decided to purchase units in Greg’s PropertyUSA Fund that will allow me to take advantage of being in a pooled investment fund that will give me access to large scale property developments that I would normally not have access to. Not only will I be invested in high quality projects, but I will also be diversifying my investment across different sectors of the US real estate market which should ultimately lower my risk and lead to greater returns. I’m very excited to continue to see my money grow!
I became partners with Greg Uehling in 2010, in a company that allowed us to purchase income producing properties in different parts of the USA. Greg’s objective, as he told it to me, was to develop a portfolio of properties that would produce enough cash flow by the time he reached retirement age, so he could retire comfortably knowing that there was some US based income flowing each month. This dovetailed well with my objectives however, I was already 76 years old. I used my retirement account in conjunction with Greg’s free cash for us to develop a 50/50 ownership in a company with appropriate capital for use to own a few properties in Cleveland OH and Pittsburgh PA. Over six years on now and I can happily say that we are receiving net cash flow of over 10%. I’m equally excited that we are in a position to begin raising rents as well so this yield will only get better. It’s nice having that monthly cash flow providing me income whilst in retirement.
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