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Discussion in 'Introductions' started by John77, 28th Dec, 2016.

  1. John77

    John77 New Member

    Joined:
    28th Dec, 2016
    Posts:
    4
    Location:
    Melbourne
    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.
     
  2. Property Twins

    Property Twins Well-Known Member Premium Member

    Joined:
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    Location:
    Australia
    @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...
     
    Last edited by a moderator: 28th Dec, 2016
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  3. HUGH72

    HUGH72 Well-Known Member

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    Location:
    FNQ
    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.
     
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  4. kierank

    kierank Well-Known Member

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    Brisbane
    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.
     
  5. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Location:
    NSW
    ^ ^ this. Run away.
     
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  6. JacM

    JacM VIC Buyer's Agent Business Member

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    Location:
    Melbourne, Australia
    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".
     
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  7. kierank

    kierank Well-Known Member

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    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!!!
     
  8. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,279
    Location:
    Canberra and Sydney
    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