Steve's passive income fund

Viewing 6 posts - 1 through 6 (of 6 total)

fatpig
Participant
@fatpig
Join Date: 2014
Post Count: 1
May 23, 2014 - 1:14 pm
Hi, I’m thinking of investing in this REIT/fund.
Anyone else invested? I did a search but couldn’t find any discussion.
http://www.passiveincomefund.com/
- This topic was modified 10 years, 5 months ago by fatpig.
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
May 23, 2014 - 4:43 pm
Hi,
There are about 1,100 investors in the Fund at the moment, with an average investment of approx $50k.
Be sure to read the PDS which is available at the weblink you mentioned.
The Fund will suspend accepting new / top up applications from 1 July, so if you are interested in proceeding then be sure to get your completed application form in before close of business on 30 June.
If you have any questions about the Fund you can call me in the office on 03 8892 3800.
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
Redwood
Participant
@redwood
Join Date: 2013
Post Count: 340
May 23, 2014 - 4:50 pm
Hi Fatpig….
A guy with one post providing a weblink would usually raise eyebrows, however its steves so all good.
We have 5 clients this week sign up for rushed smsf’s set ups to meet the May application.
I wander what Nigel’s view of the fund is given he promotes US purchases (commercial) in every post.
I have no view on the fund, however just sharing that clients are interested….and using smsf’s to purchase.
Cheers, Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone Me
SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
May 24, 2014 - 7:33 am
Good point about the ‘single post’ promoting discussion, but it wasn’t a set up.
I always think twice about responding to posts I have an interest in, but as it was one of the only posts that didn’t have a response, I wanted to contribute.
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
Nigel Kibel
Participant
@nigel-kibel
Join Date: 2005
Post Count: 1,425
May 24, 2014 - 8:40 am
I think that there is room for both a fund of the quality of the one Steve runs and direct investment. Some of the funds that have been set up do charge very large fees. Steve fund looks after the investors. I have always respected the care and research Steve conducts.
If I buy a large complex I may put a number of investors into the properties which gives them all direct ownership. With Steve’s fund it lets them diversify so both methods are good it comes down to the risk profile of the client wanting to invest.
I have at least one client who has invested in Steve’s fund and is very happy with his investment but also wants to buy individual property .
It all comes down to who you are dealing with.
- This reply was modified 10 years, 5 months ago by Nigel Kibel.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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Dwight
Participant
@bigvman
Join Date: 2002
Post Count: 42
May 28, 2014 - 4:59 pm
I have personally invested in the fund and am happy with the performance to date.
I have no affiliation other than as an investor. It’s a great way to get exposed to the US market without the hassles involved in doing it directly.
My personal belief is that the fund is now bedded in and is very likely to start returning some very good results.
I wouldn’t put ALL my savings into it, but it’s a great set and forget strategy to put a chunk of your hard earned savings into unless you’ve got a better track record and better idea than Steve. I don’t!
Cheers,
Dwight
Dwight
Cashflow Positive Investor