I was approached by a developer called First Foundaion Developements. they are developers in Queensland.
They own land at Labrador and are building a 15 storey high rise 71% is already sold . They own land at Robina woods and are building water front Condominium 72% sold. They also have land at Main Beach building duplexes 80% sold.
The company is approaching investors who have minimium of $10000 and upwards and want to invest in these 3 developments and in return they are going to secure and guaranteed a 12.5% to 15.9% interest return on your monies that you have invested.
I have checked ASIC and all i's and t's have dotted and crossed.
I already own IP's that are returing 2% to 6%
Does this sound too good to be true?
What are your thoughts?
Regards Rolly
They own land at Labrador and are building a 15 storey high rise 71% is already sold . They own land at Robina woods and are building water front Condominium 72% sold. They also have land at Main Beach building duplexes 80% sold.
The company is approaching investors who have minimium of $10000 and upwards and want to invest in these 3 developments and in return they are going to secure and guaranteed a 12.5% to 15.9% interest return on your monies that you have invested.
I have checked ASIC and all i's and t's have dotted and crossed.
I already own IP's that are returing 2% to 6%
Does this sound too good to be true?
What are your thoughts?
Regards Rolly