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NSW AHS: Rental Guarantee for the next 10 years ?

Discussion in 'Where to Buy' started by Tekoz, 3rd Jul, 2015.

  1. Tekoz

    Tekoz Well-Known Member

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    Hi Folks,

    Just wondering if this is the good opportunity or just another type of scam that is not good to buy.

    What about this one: http://rwmg.com.au/nsw/campbelltown/1309011/ it offers rental guarantee for the next 10 years ?

    That sounds too good to be true.

    I've heard about NRAS and Defence Housing Scheme (DHS) but not this one. is this some kind of new Housing Commission for the elite ?
     
  2. meme plecko

    meme plecko Well-Known Member

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    I have bought something (maybe) similar recently, IP comes with a 3 year contract with a government agency with rental increases every 12 months. They pay full market rent to you and tenants pay them a part of the rent, based on their income. In my case, it's a single income family with 3 kids renting.
     
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  3. Tekoz

    Tekoz Well-Known Member

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    @meme plecko Cool, so what's the rental yield that you get ? is it a good one or not really ?
    Is it hard to find any other tenant or in this case the owner will have to wait while the govt. agency looking for the tenant ?
     
  4. meme plecko

    meme plecko Well-Known Member

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    5% yield, 2 year old, rent gets paid in advance regardless of property having tenants or not. Again, what you are looking at could be different
     
  5. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Where in that link above does it mention a 10 year rent guarantee JH?
     
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  6. Tekoz

    Tekoz Well-Known Member

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    Dave, it is on the email that sent to me by R/E agent.

    Is that even possible ?
     
  7. sash

    sash Well-Known Member

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    Rental Guarantee= **** whooping when you sell

     
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  8. Tekoz

    Tekoz Well-Known Member

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    Ah I see, so I'll stay away from that type of deal.

    Thanks man !