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Thanks Isabel, everything you were told is exactly what we were told, only difference is that once building is complete and isn’t valued at purchase price, banks won’t loan money and contract is void. Checking that out with solicitor on Monday.
Cheers Catnkezz.Hi again, met with a Reventon rep and was impresses by the properties they suggested. One was new off the plan but work has already started, a house and land package that will be completely turn key finished, all paths and landscaping with curtains. The other was interstate but we weren’t interested in that at all. We will be using our own legal representation and finance broker, Reventon were happy for us to use them. My only concern is who sets the price for the properties? It seems slightly over priced(20g’s) but build company are above the norm with quality. Is it wrong to pay a little extra if we are to keep it for the long term? Not sure. Having a look at what builder has built and will decide on the quality then. This will be our second time investing so still very nervous about sighning bottom line. See how we go! Cheers Catnkezz.
Hi everyone, we too had a call from Reventon, again they said buy new house and land over near Geelong. It all seemed too easy, the one stop shop so to speak. The advisor kept saying that they invest in everything from established properties, gold, cash but did push new house and land package. We did agree to speak with there money man and were asked to prepare any questions we have, so next week we are meeting, NO MONEY will be handed over just yet. Rep seemed honest enough we will see what happens next week!
Cheers Catnkezz
