Need a little advice

Hi Mark

I’ve never heard of Intertax so I can’t report any good/bad news of them.

At 40% I’d probably have my fingers crossed for a failure ! <g>

Just remember that a guarantee is only as good as the mob giving it.

That being the case I’d want to see their financial statements for the past 3 years together with their tax returns (so that I could make sure that the two agreed).

Is the investment being offered under an ASIC approved prospectus? (or are they keeping the participation offers limited so as to fly under the ASIC radar on publicly offered investments).

Development type finance (without pre-sales) from mainstream lenders, whilst not impossible is not a stroll in the park either – and for good reason. Every man and his dog can produce paperwork that shows fantastic profits from a development project. It’s your job to find out how believable/accurate these projections are.

Unless you either
1. have some experience with developments (and can therefore assess their projects properly), or
2. can afford to lose your investment (cos the guarantee turns out to be worthless).

then whilst I wouldn’t start running just yet, I’d certainly want to do my due diligence properly. And then for the first project at least I’d probably only invest under (2) above until I became more comfortable with them.