Hi all, just wondering if anyone has heard of these guy’s (Broadsword group Queensland)
They came to see us today and the advisor said we were in the position to buy a property $400k with them in Brisbane,because my partner is in the highest tax bracket.
He claims that there is great capital gain to access equity to purchase more property.
Would like to know if anyone has bought with them as we dont wish to proceede we are being cautious without any more info about it.
Any feedback would be appreciated ,Thanks.[
]Have not heard of them, however, I have also been looking at Brisbane/Gold Coast and there are plenty of developments/property groups/agents all looking to ride the property wave in SE Qld. Do your research. I am going to be be purchasing in the area, however only after normal due diligence.
Their advisor is using a negative gearing approach ie out of pocket costs are minimal, to make the sound of it an attractive proposition (which it might be, depending on your IP strategy) Have a look around the area, get a feel for the development and what is available.
Fore-warned is fore-armed.
Be careful. Have the property independently valued. Don’t use their legal team or recommendations. Have clauses to escape the contract with.
Check what finance they recommend as well. There will be kickbacks there too.
But most of all have fun [
]Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I would say – don’t go there unless you have the time and interest to independently research the area etc.
If you are in such a good position, I would read some books, make some phone calls, surf the net, and identify areas you want to buy, and get out there and talk to the agents, and look at some properties.
Cheers
MelI have 18 years experience in the QLD market including being the person responsible for putting Lagoona Quays Resort on the map in 1988 at age 28, we are developing around Coomera Pimpama and Ormeau at present and we sell at developers prices and not through marketing companies or duplex prices are currently $490,000.00 for the two renting for $560.00 with a land content of $175,000.00 depending on your taxable income these properties are positive with a 7year builders warrenty … regards Phil … beware of sales people who are not qualified … get the disclosure document … two tiered maketing is still alive and well in all states so be careful
I know this is 6 or 7 yrs late
Does anyone have any information on this company (Broadsword)
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