Hi All
I have been offered a strategy to invest into a property, then to on sell to a another buyer. This company works closely with the buyer to make sure that can afford the deal and continue to do so over the 5yr term of loan so that they can refinance the loan and obtain the title. What concerns me is they include a $12000.00 loan to buyer from the the vendor which they call a furniture package ( hire purchase plan )which is 100% depreciated with any fittings that are claimable is this a good plan and legal[8( This a Melbourne based company called Active )Thanks Pete [8D]I think this is called flipping. You still have to pay costs as you settle then immediately on settle to the next person so there needs to be a fat margin.
” Isn’t it called the bigger fool system ?”
MJK
Yes I have heard of them. They do LO’s. Hmmm not to sure about the furniture package. They are thinking outside of the square though. I think as long as the purchasers can afford the repayments why not.
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