Hi, just wondering anybody out there has heard of a certain type of property investing that involves purchasing of 'lease rights'.
A friend told me that she has a friend who purchased an off-the-plan 'lease rights', say for $25K. After the apartments are built, the friend was told the apartment, for which she bought the 'lease rights' of, was worth $300K. So she on sold the 'lease rights' to someone else for $300K and made a profit of $275K!! Apparently the 'lease rights' allows the 'lease rights holder' to collect rent and the rent is one form of their income.
All this happened in Perth, I'm not sure whether it makes a difference.
The scheme sounds very 'funny' to me and neither I nor my friend understand what her friend is talking about anyway.
So, if anyone out there, has vaguely heard of such investment scheme, please enlighten me.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
