All Topics / Help Needed! / Investment Property – Yale Property Solutions (Help Needed)

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  • Profile photo of Udesha LankaUdesha Lanka
    Participant
    @ncgosh
    Join Date: 2015
    Post Count: 1
    February 21, 2015 - 5:34 pm

    Hi Guys

    I am new to Investment Property. Recently I was contacted by Yale Property Solutions and they recommended a Town House in Craigieburn in Melbourne.

    Property details are as follows:
    Property Address: Lygon Drive, Craigieburn.
    Property Description: 3 Story Town Residence (1 Garage, 2 Bed rooms & a study)
    Property Value: $347,000
    Cost per week: $48
    Rent per week: $330 (Estimated by Yale)

    Also they mentioned something like separate Buffer Loan, $20,000 which is not included to above Property value.

    As I am unable to find any reviews regarding Yale Property Services and have no idea regarding investing properties, please let me know your thoughts.

    Is this Property worth?

    Do I have to pay for the separate loan (buffer) as well?

    Thanks in advance.

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340
    February 22, 2015 - 11:01 am

    Hi Udesha – cost per week is a trick marketing tool and something that the regulators (if any) will start cracking down on. There is a thread – try a search too for Yale https://www.propertyinvesting.com/topic/4995222-new-investors-yale-property-solutions/

    I wouldnt invest in Cragieburn and neither would my clients, but thats me.

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
    Email Me | Phone Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

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