Forum Replies Created
- glennt wrote:
Someone mentioned that they can do this in every state. Setup shop with a new business name and acn no. and do the whole scam again. I've seen adds in the Perth WA newspaper of off the plan apartment with a two year rental gurantee advertised.
Sorry to hear of your disappointing outcome Glenn. It's probably not a "scam" though. If the developer has gone broke then they would have lost on the deal too. It wouldn't have been their master evil plan to go to the trouble of building the development and then file for bankruptcy just so they can get out of some measly rental guarantees. The developer would be licking their wounds too and is very unlikely to be looking to move states and do it all over again just to go broke a second time.
Sjostrom if you have no idea what you're doing then may I suggest you don't do it.
Hi cas4,
this has definitely been done many times before and yes, I would proportion outgoings based on the space being rented. Your lawyer can advise you further.secureserver1 wrote:Hi Hendrick,Personally I start with http://www.realestateinvesta.com.au – they source all real estate listings from all the major real estate websites and allow you to search with multiple parameters such as reduced prices, mortgagee sales, sales that are well below the median price point for an area, yield, vendor finance offerings, properties with development potential and more. Makes it much simpler to find the better deals in the first instance. Hope that helps.
I agree with secureserver1, http://www.realestateinvesta.com.au is a great resource and well worth checking out
Do you mean the ABS? $50 million over two decades? I don't understand your post. Please elaborate, thanks.
