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hi everyone
a friend bought an investment holiday unit in port douglas abt 4 months ago.
the property manager owns 6 of the other units (12 ALL UP) (alarm bell 1)
anyway my mate has rcvd advise that the unit is renting well and it all looks good.
theres a catch however………
he hasnt revieved any money yet..
the property managers gave the reason that the clients were part of package deals (qantas etc) and that they dont get paid for a few months after the booking takes place!!!!
in 4 months the income generated is around 6,000 but he has only received 8 dollars
sounds dodgy to me.
anyone now how the sytem works with regards to these type of investments???
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