by Will09  16/02/2017  209 Page Views
1 Comments  Super, Managed Funds, Wealth, Insurance, SMSF, Pensions
Good morning all. I will start this off stating I still need to sit down with a SMSF/Financial planner.

Just roughly speaking with sums of money - If I purchase a $250,000 holiday let, and I borrow $130,000 from the bank.

Being a seasonal holiday let would be busy in summer and quiet in winter.
Yearly repayments on the loan $20,000
Holiday let year revenue $15,000

Can I contribute the $5,000 gap from my super from my fulltime job?

Is that satisfactory for the auditors/ato or does the holiday let's revenue have to be higher than the total cost of the repayments/upkeep.

thankyou.