Search results

Complex borrowing and investing structures are very difficult to unwind, from my experience during the GFC I had over $30m in loans from 8 different financial institutions. My God! What a year that was! It will probably take another 5 years or so to fully unwind some of the structure I got...

What about the FP personally underwriting a percentage of the risk in the investment. That might sharpen up some investment advise! The investments must also have appropriate insurance. The FP must carry sufficient insurance. Someone here may be able to clear this up but apparently...

The investors may have received substantial tax benefits but it didn't increase the "take home" income of the investor, it went toward paying interest on money that may never have existed on plantations that also may not have existed. So in some respects the tax man was also ripped off. But we...

Navra GS clients I know a number of forum members whom discovered Navra through this forum and are caught up in the continuing saga and devastation Navra advice has caused. So I will continue to put updates as I come across them. The recent Great Southern court findings has catastrophic...

Navra Legal Action RBS Update on the legal action being taken by Shine. See attached PDF. I remember at the time being told by a Navra client that "Warrants where a type of insurance". I don't remember anyone saying they where a high risk strategy. I have posted in the past about not...

Where is the money coming from? One of the most successful strategies of litigation is to litigate the entity that has money. Who still has money in the Navra Invest saga.... I suspect questions are being asked if, and to what extent the lending institutions are at fault? Have any...

Yes I thought it interesting too. The comment in the letter "The company's (Shines) business model is based on helping those that cannot afford to fight for themselves." Would this by extension mean the Navra business model was also to target "those that cannot afford to fight for themselves"...

Hi Terry, I was forwarded the below email it may shed some light on that. I have not included the senders details as I haven't asked for permission to post their name and email address on a public forum. Mark Date: 9 September 2014 19:28:39 AWST Subject: Navra Group Meeting Hi All...

As discussed in the Coffee Lounge Meeting being held tonight for former Navra clients, details below: Penrith Panthers, Tuesday 16 September, from 6.30-8pm Call to register, even if you can't attend 13 11 99 or [email protected] If you have any questions in the meantime, please...

Navra Meeting tonight 16th September 14 Just a reminder the meeting re: Navra Group is on tonight I'll post details under Meeting Point.

The Navra saga Hi everyone, I received a call today about a group seeking compensation for investors whom received advise from Navra. I was not a customer of Navra but know some people who were. There is a meeting being held in Penrith Tuesday 16th September, I believe the lawyers may tape...

Hi everyone, first I apologies if this has been discussed previously and a disclosure I have never held Navra Funds, Navra Shares nor have I engaged Navra for any advise. I recently caught up with some friends who said they lost allot of money following Navra advice to buy Navra Funds and...

If you are going to joint own an asset 50/50 then just half all costs and rent but use your actual income.

I thought this was a simple one, but maybe I'm biased. http://www.somersoft.com/forums/showthread.php?t=31285

Celica, I believe the way the contributions are calculated is called "Highest and best use". I ran a feaso on a new land purchase and development for a medium density unit subdivision 15km from CBD in BCC. Just based on theory not a real deal. Taxes accounted for 40% of the sell price...

It's called lease hold, usually 99 year term not 20 year but it's up to you. Not very common in Aust but is used in USA and Europe in much larger numbers. I tried to put together a project where I bought a unproductive hotel, renovated it by removing walls between rooms and putting in...

Gooram, I suspect Troy could be trying to make a legitimate excuse for raising Stamp Duty. Pending property boom? mmmmm sounds like a reason to raise taxes. Mark

I'm not so sure Gorgan will have the massive impact I'm hearing, sure it's going to take allot of people to get it planned, engineered, fabricated and installed. But lets break this down and use another example like BHP RGP5 project(albeit it's only 6-7bn). Some engineering in Perth...

PB, There has been some progress recently however it's still in courts. I'd rather not comment on this until it is resolved. Mark

MTR, Most councils will require you submit a landscape plan, this includes a drawing with number and locations of plants. I paid $6K for a 80 lot site, ensure you get it done electronically there are still some cowboys drawing them by hand. If you have a layout change you have to get the...