Cameron Bird RE

I bought a property through them and they seemed pretty good.

The property turned out to be a fantastic buy (unit in Port Macquarie), but I’d say that owes more to the market than the marketer.

Like most of these guys, I imagine they work with a handful of developers and market the stock to a data base they’ve built-up over the years.

The document they put together is very complete (or the one I got on Port Macquaries was anyway). It included information about the area and what was happening, information on the developer and the builder’s track record, and financial projections. The thing must have been 80+ pages.

My one had no guarantee of rental returns, but it was a few years ago. Maybe they’re doing that now that the market is tougher? Depreciation was definitely a factor in the marketing.

You’d find in any decent sized development, companies like this would have a chunk of stock to sell. I’d say they rarely have the whole lot.

It may be worth getting the document off them and talking to some local agents about prices to cross check.

As I said, I found Cameron Bird fine to deal with. They’ve been around for a fair while, too. That’s often a good sign.

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Hi Simon,

From the research I have done they offer +ve cashflow deals based on some rather large assumptions.

Also, the deals I’ve seen are not +ve cashflow in their own right… they are net of tax deductions.

Just go in with your eyes open. In particular, be mindful of the fees, the budgeted vacancy, the attainable rent, and the annual expenses.

One final thing… ask yourself, if this is such a great deal, how many of them would I need to own to achieve my investing objective.

Hope this helps.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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