Search results

I think they have a pretty good buffer because they make a $ on the build and potentially other revenue streams .......can't prove it so wont go further. Fact is there are other armchair suckers losing money and they march on with recurring issues - makes you wonder why.... As per my...

Major health scare, had procrastinated for a long time, (almost) blind faith. Seemed trustworthy.....

Add to that one-sided contracts, GST implications and cost blowouts. Some ordinary build quality, oh and they also select strata managers.... Has set me back 10 years...I am such an idiot.

Blue Gecko

Quote: Originally Posted by westminster View Post I believe the site that Fido was talking about was another, I think Vincent or Loftus St. It wasn't the one that Crido is in. Fido may also be scaremongering offering enough fact (like the interest rate) but not the full story that it's only...

"2 projects with issues.... Loftus project gone pear shaped as from another post investors need to throw in $100K which is basically the profits and also way off estimated completion date." At least 2 in the Pilbara as well....I hope Karma does its thing.

17.95%pa . I predict cost blow outs to follow in the last 2 months.

That is exactly the same story we had - I call bullsh*t re the finance. Ask for a copy of the correspondence they've had from established lenders knocking them back or speak to a couple of lenders yourself. Higher interest rate, massive blow out in time frame = $$ for someone.....

Armchair Development I'll be as restrained and as politically correct as possible - DO NOT DO IT. The market dive aside - my personal experience is that the performance of this type of developer in WA is as bad as you can imagine. 12 months completion projection of 12 months = actual 2...