Anniesdance replied to the topic Custodian Wealth in the forum General Property 15 years, 7 months ago
Well it depends on how much experience you have, how much time you have to do research, how much time you can afford to waste and how cluey you are. They gave me a lot of tips about the lenders such as make sure you get a copy of the bank valuation- important for getting equity for next purchase . There are lots of other sound tips which I didnt…[Read more]
Anniesdance replied to the topic who here has taken a negative turn to investing with all the media pessimism in the forum Hi SaraWhat other 15 years, 7 months ago
Hi SaraWhat other investments were you referring to as being better at the moment? I am investigating a property development company called Custodian. Their strategy is sound and they seem ok. I would have a number of properties to chose with new houses to be built on- good locations, large land content, new building so good depreciation. BUT I…[Read more]
Anniesdance replied to the topic Custodian Wealth in the forum General Property 15 years, 7 months ago
Most of the info for property investment – here and elsewhere- says what Custodian are doing – location near schools transport – buildings depreciate and land appreciates so buy as new as possible and with larger land ratio- dont cross colateralize- borrow without using existing home as the back up. As soon as you have enough equity in the first…[Read more]
Anniesdance replied to the topic Custodian Wealth in the forum General Property 15 years, 7 months ago
It is 3% of the initial cost and is payed for sourcing property ( they do this by various means) and assisting with all details of set up including supervision of house contruction. They provide for coverage of costs if there are delays in building or if costs rise during delay. This seems quite good to me. I am doing this on my own so the…[Read more]
Anniesdance replied to the topic Custodian Wealth in the forum General Property 15 years, 7 months ago
Hi ! I would also like to hear from anyone who knows about Custodian. I have been talking to one of their advisors for the past two weeks. I understand their concept. I think it is ok to pay 3% for their expertise . But am worried i will find out they are not legit when I sign up.