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From: Mark B
Hi All.
I've been lurking for a while, so here's my first post.
Something caught my eye in todays (Thursdays) Sydney Morning Herald (p27 for those who have it).
It's a large office building in Brisbane looking for investors. Minimum $10,000 to get in, 10% income "projected to rise to 14.7% in the final year", although it does drop slightly below 10% for a little while. Projections are included in the prospectus, as well as tax info which looks fairly good. The prospectus is online at www.cromwell.com.au.
Now, I haven't yet read the prospectus cover to cover, but what I have seen sounds like a reasonable deal. If you could borrow some money and get the gearing up, could get a rather good return.
What do other people think about this? Is there a catch I'm missing with these sorts of deals? Any reason I couldn't/shouldn't borrow on a deal like this?
I'm pretty new to this, so go easy on me
Thanks,
Mark
Hi All.
I've been lurking for a while, so here's my first post.
Something caught my eye in todays (Thursdays) Sydney Morning Herald (p27 for those who have it).
It's a large office building in Brisbane looking for investors. Minimum $10,000 to get in, 10% income "projected to rise to 14.7% in the final year", although it does drop slightly below 10% for a little while. Projections are included in the prospectus, as well as tax info which looks fairly good. The prospectus is online at www.cromwell.com.au.
Now, I haven't yet read the prospectus cover to cover, but what I have seen sounds like a reasonable deal. If you could borrow some money and get the gearing up, could get a rather good return.
What do other people think about this? Is there a catch I'm missing with these sorts of deals? Any reason I couldn't/shouldn't borrow on a deal like this?
I'm pretty new to this, so go easy on me
Thanks,
Mark
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