I am New to the forum. I am from Melbourne and need some help. I have recently in talk with a company called "Landmark Investments" located in st Kilda and they are offering some investment property including rental guaranteed for 10 years 4% rent. Anyone know these guys and about there offers? Thankyou experts.
@John77, this sounds risky...off the plan I presume. Rental guarantee raises red flags. The return is too low also. This forum will be a good place to hang around for you to learn to fish instead. Save yourself an expensive lesson...
Hi John Welcome aboard, I don't know anything about Landmark Investments but in my experience any investment where a rental guarantee is required is a warning sign. Solid investments should stack up without rental guarantees in the open market. I would investigate further. Red flag. Hugh.
You certainly do if you live in Melbourne. Take my advice and move north to Queensland, say Brisbane or the Gold Coast. If you ignore my advice, heed what @MsAli said above.
Rental Guarantee means they've hiked up the price of the property by the amount they will then in turn pay back to you in "rent".
But wouldn't this reduce your CGT when you sell as your cost base is inflated? That would be a good thing, right? Only joking!!!
Welcome aboard John Tread carefully with OTP The last three OTP purchased I've arranged finance for in Melbourne have experienced valuation results lower than purchase price :-( we were able to move to plans B and C and got all over the line but it wasn't fun :-( Cheers Jamie