Investment Match Maker

Discussion in 'Property Finance' started by spludgey, 7th Feb, 2019.

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  1. spludgey

    spludgey Well-Known Member

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    18th Jun, 2015
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    Sydney
    They advertise rates as low as 2% with a comparison rate of 2.56%.

    What's the scam?
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
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    8,362
    Location:
    Adelaide, SA
    The hint is in the Whats The Catch section on their website.

    They do 2 loans, the ppor one is at a low rate and the IP one is at a high rate and/or capitalised interest. They say in that section they have a product ruling from ATO for this but lots of people have gotten into tax trouble with these sorts of products.
     
  3. JohnPropChat

    JohnPropChat Well-Known Member

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    10th Sep, 2015
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    1,249
    Location:
    Perth
    If it looks like a scheme then ...

    Milking the NG system at its finest - all legal of course
     
  4. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    18th Jun, 2015
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    8,539
    Location:
    Sydney
    The property they sell you (!) is a stitch up which is how the also make $ perhaps....says....

    Get access to a game changing home loan rate from as low as 2% and with a fixed price, tenant ready investment home design.