Forums / Property Investing / Creative Investing / long term property optioins

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  • Profile photo of wazzanatorwazzanator
    Member
    @wazzanator
    Join Date: 2013
    Post Count: 4

    Has anyone had any dealings with a company called Market First?They are selling options for property with  settlement 8-10 years down the track.

    You buy the land at "todays"price and you can flip it at any time for a profit assuming the land increases in value.The options sell for around $40k so 

    you have to factor in that cost.The developments are all meant to be "branded" meaning all architecturally designed.

    .

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Nope, can't say I've heard of them.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Reno101Reno101
    Participant
    @reno101
    Join Date: 2013
    Post Count: 26

    Never heard of them either ,that's a different option scenario ? 

    Profile photo of wazzanatorwazzanator
    Member
    @wazzanator
    Join Date: 2013
    Post Count: 4

    The name of the guy that drives the whole concept is Rowan Burn.

    http://www.marketfirstgroup.com.au

    They strongly promote buying the option through your smsf.

    Profile photo of Tamara43Tamara43
    Participant
    @tamara43
    Join Date: 2012
    Post Count: 57

    Check out the comments for my blog on LAND BANKING. Cheers, T43

    Profile photo of wazzanatorwazzanator
    Member
    @wazzanator
    Join Date: 2013
    Post Count: 4

    Hi Tamara

    Where is your blog?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    Don't tell me they are working out of Melbourne and promoting taking an option over long term land subdivisions.

    Walk away and save your money.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of wazzanatorwazzanator
    Member
    @wazzanator
    Join Date: 2013
    Post Count: 4

    Yes that is what they are doing.

    I have already decided not to go ahead with it.Too many variables,things that could go wrong.

    The blocks are small and the whole concept is sold on the premise of it being a "branded"

    development.

    Thanks for your comments 007..

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