Investment Match Maker

Discussion in 'Loans & Mortgage Brokers' started by spludgey, 7th Feb, 2019.

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  1. spludgey

    spludgey Well-Known Member

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

    What's the scam?
     
    spludgey, 7th Feb, 2019
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    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.
     
    D.T., 7th Feb, 2019
    #2
  3. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    2,293
    Location:
    Middle Earth
    If it looks like a scheme then ...

    Milking the NG system at its finest - all legal of course
     
    JohnPropChat, 8th Feb, 2019
    #3
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,473
    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.
     
    Paul@PAS, 8th Feb, 2019
    #4
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