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From: Donna Larcos
Sorry, I'm chatty today. I introduced a
friend to property about two years ago ad
he has gone from a supporting parent
benefit to controlling about $2 mill in
property in that time, passing me well and
truly. I was talking to him about
off-the-plan and how you could control a
lot of property for a year or two with very
little money and if you choose well make
a substantial capital gain. Unfortunately,
he may have taken this too literally and
has now bought 3 units off the plan for
substantial amounts of money which are
due to complete late 2003. I have warned
him that I thought this was a bit risky
because you may have to come up with a
lot of money in a short space of time and
be unable to offload if there is a downturn
in the market.
Would you be worried about this plan?
Have I created a Frankenstein?
Donna
Sorry, I'm chatty today. I introduced a
friend to property about two years ago ad
he has gone from a supporting parent
benefit to controlling about $2 mill in
property in that time, passing me well and
truly. I was talking to him about
off-the-plan and how you could control a
lot of property for a year or two with very
little money and if you choose well make
a substantial capital gain. Unfortunately,
he may have taken this too literally and
has now bought 3 units off the plan for
substantial amounts of money which are
due to complete late 2003. I have warned
him that I thought this was a bit risky
because you may have to come up with a
lot of money in a short space of time and
be unable to offload if there is a downturn
in the market.
Would you be worried about this plan?
Have I created a Frankenstein?
Donna
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