Nathan Birch - Big Aussie Deal

Discussion in 'Property Experts' started by wombat777, 12th Feb, 2017.

Join Australia's most dynamic and respected property investment community
Page 3 of 3
  1. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,171
    Location:
    03 9877 3000
    To be fair I had a marketing company offer me $35k for referrals earlier this week, but yes, it's completely out of market for BA services on a $200k block of land - which is certainly not a service they're providing here.

    Binvested is starting to make some spruikers look like saints.
     
    Peter_Tersteeg, 24th Mar, 2017
    #41
    Perthguy, hobo and Westminster like this.
  2. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
    Interesting that Landcom would have given them exclusive access to the development. Given that Landcom sold the last remaining lots to a developer by the name of kincorth Pty Ltd in 2016.
    http://www.urbangrowth.nsw.gov.au/assets/Uploads/UrbanGrowth-NSW-factsheet-Sanctuary-2017.pdf

    Sanctuary Estate final release stages sold

    Relevant? Im not sure.

    Blacky
     
    Blacky, 24th Mar, 2017
    #42
    House likes this.
  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,357
    Location:
    Perth
    Westminster, 24th Mar, 2017
    #43
    hobo and Blacky like this.
  4. MoneyMan

    MoneyMan Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    135
    Location:
    Sydney
    Hi all, just wondering if anyone else is buying up in newcastle area. Seems to be alot of government money being injected into the city and new light rail the same as sydney, parramatta and gold coast.
     
    MoneyMan, 30th Apr, 2017
    #44
  5. jim1964

    jim1964 1941

    Joined:
    18th Jun, 2015
    Posts:
    1,301
    Location:
    Westcoster Strahan Tasmania
    Please note i am not him.
     
    jim1964, 30th Apr, 2017
    #45
    DaveM likes this.
  6. MoneyMan

    MoneyMan Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    135
    Location:
    Sydney
    Drilling down under different company shareholders it looks like Kincorth Pty Ltd is beneficially owned by a Richard Scheinberg
     
    MoneyMan, 1st May, 2017
    #46
  7. Paul@PAS

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

    Joined:
    18th Jun, 2015
    Posts:
    23,555
    Location:
    Sydney
    Onselling options on the land is the new way to profit and run. Then if it ever gets built its your problem. When the developer falls over guess who gets burnt. The usual sign of these deals is a BA fee. When there is no land development its all air.....You are buying a opportunity IF its even happens.
     
    Paul@PAS, 2nd May, 2017
    #47
  8. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    BA fees are the new "investment advisor fee". Saw so many structured investment products in the GFC era where the advisers were getting paid huge percentage-based fees in advance (we're talking up to 10% of initial investment!!) when they signed up investors ... and they didn't care whether the product ever made money since they'd already been paid.

    I'm all for fee-for-service Buyers Agents like those we have here on PropertyChat - but I've seen quite a few of these property consultancies and structured real estate offerings where there is a "BA" fee - getting paid up front for doing very little work other than shopping their portfolio of "pre-selected properties" to whomever is gullible enough to buy them.
     
    Simon Hampel, 2nd May, 2017
    #48
    charttv and Paul@PAS like this.
Page 3 of 3