investn.com.au

Discussion in 'Financial Planning' started by Kailash, 17th Feb, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 3
  1. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,414
    Location:
    Sydney
    How do they actually secure their interest in the property?

    What happens if you want or need to transfer the property to another party (eg spouse during divorce settlement) ?

    If they file for bankruptcy, wouldn't you become a debtor that the creditors could chase? They aren't lending their own cash.

    $4Kpa is quite expensive property management. How does that change with property value?

    Using your $500K property example, $4Kpa = $76.02 pw. Assuming 5% yield, rent on $500K property would be $480pw ... which means you are paying PM fees of 16% :eek: ... that is incredibly expensive.

    Exactly how will they get their money? If they have no interest in the property, they won't get it at settlement. How will they know if you've sold or transferred the property?

    Can you refinance with another lender as you choose?


    All of this only raises more questions than it answers!

    I'm still far from convinced.
     
    Simon Hampel, 13th May, 2021
    #41
    Learner Investment and Lindsay_W like this.
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,343
    Location:
    Australia
    The annual fee is just interest on the extra lending in disguise.
     
    Trainee, 13th May, 2021
    #42
    Learner Investment and Lindsay_W like this.
  3. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    5,065
    Location:
    QLD/Australia Wide
    If that's the ONLY reason you're even considering it I would certainly do a lot more research and reading regarding alternatives to this, just my 2 cents, obviously you can do as you wish
    It's seems this is targeted at mainly inexperienced investors ?
     
    Lindsay_W, 13th May, 2021
    #43
    Learner Investment likes this.
  4. Learner Investment

    Learner Investment New Member

    Joined:
    10th May, 2021
    Posts:
    3
    Location:
    NSW
    ** How do they actually secure their interest in the property? **
    I need to check with them about transfer case.

    ** If they file for bankruptcy, wouldn't you become a debtor that the creditors could chase? They aren't lending their own cash. **
    I checked with them, the way I can't sell before 10 years or before price gets doubled (unless and untill I pay 20% of profit rather than 10%) they also cant ask for that money back.

    I agree 4k cost is very expensive.

    Thanks a lot ! this really helps and am a new bie and have no experience on investing so thought of posting it here for expert comments before I get into anything. This really helped me !
     
    Learner Investment, 13th May, 2021
    #44
  5. don_ko

    don_ko New Member

    Joined:
    24th Jun, 2022
    Posts:
    1
    Location:
    Perth
    Hi Jenny,

    It has been over a year now, may I know if you completed the process and have invested using Investn?

    Let me know please.


    Thank you
     
    don_ko, 24th Jun, 2022
    #45
  6. Bailey1984

    Bailey1984 New Member

    Joined:
    4th May, 2023
    Posts:
    4
    Location:
    Sydney
    Bailey1984, 4th May, 2023
    #46
Page 3 of 3