fxdaemonParticipant@fxdaemonJoin Date: 2013Post Count: 114
There are at least a couple of fractional ownership products in the residential IP in Aust market
and I am wondering if anyone here has had any experience and may be able to share some first hand
FXDDeanCollinsParticipant@deancollinsJoin Date: 2015Post Count: 376
I can only talk about BrickX as its the only one I’ve looking into.
Seems like a well run group however a things I cant get past……
1/ Their PM fees seem very high
2/ Their “pre-purchase” structure seems prone to abuse
3/ their entry and exit costs are high’ish’ (though no worse than stampduty/agents fees etc etc BUT bricks and mortar shouldn’t be like buying stocks.
That’s said, seem to be the best of the bunch and if you think returns are acceptable to you then all power to you.JackParticipant@jackmurphyJoin Date: 2017Post Count: 4
Hi, I know this is a bit of an older thread but I’ve been looking into the concept of Fractional Property Investment and how Brickx works and I was wondering if anyone had actually taken the plunge and bought a brick?
If so, how did it work out for you?
Also if you know of a better thread, I’m all ears.DeanCollinsParticipant@deancollinsJoin Date: 2015Post Count: 376
Sorry for the delayed response.
Yes I bought a brick (well I bought it for my nephew to try and open his eyes about who delayed gratification works etc and makes money while you sleep).
What do you want to know?
You buy….you collect rent. If you decide you want to sell….you sell on their platform (they take a cut) and you get the cash (hopefully with a LTCG).
Pretty straight forward.
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