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  • Profile photo of DeanCollinsDeanCollins
    Participant
    @deancollins
    Join Date: 2015
    Post Count: 376

    I just read this article

    https://www.propertyinvesting.com/wise-words-unexpected-source

    Curious is anyone who is invested in the fund aware with Steve moving back to Australia take it as an indication they are closing the fund (or closing out his personal position?)

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,750

    Hi Dean,

    My family and I came over to the USA for a one year family experience. That time is simply coming to an end. There is nothing more that ought to be read into the decision. Certainly there are no plans to prematurely wind up the Passive Income (USA Commercial Property) Fund.

    Regards,

    – Steve

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of DeanCollinsDeanCollins
    Participant
    @deancollins
    Join Date: 2015
    Post Count: 376

    Interesting, I always assumed it was tax driven……. :)

    Don’t get me wrong no one would be upset about winding up the fund, considering how awesome the returns have been based on the $A move. I’m sure some people would be happy with selling the assets and returning funds ahead of time.

    Cheers.

    Profile photo of astrikastrik
    Participant
    @astrik
    Join Date: 2010
    Post Count: 2

    For those that want further exposure — I have some units available for sale in the fund. I will sell as discount. Please PM me.

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