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From: Adrian Legudi
Hi Guys
Just wanted some opinions;
Looking at getting my first IP and spoke to a company yesterday called Harvard Securities. Really nice guys, very open and upfront and not pushy at all. They showed me plans of a development that is to be built in Thomastown in the West of Melbourne. Thomastown is a suburb that I would never have considered to invest in.
Does anyone have any views on Thomastown? The last couple of API mag shown the growth to be quite good in the area. But on the other hand I went and spoke to a real estate agent in the area and he seemed to wonder why I would be looking in Thomstown for an investment property.
One thing I thought strange was that when they did a report on the figures it included
you paying $20K more for the property and the developer then putting that $20K in an annuity fund and you getting $90 from that every week. They said it helped with capital gains and your tax because the annuity payment was tax free. This extra income did take the investment from costing $45 a week to a profit of $22 a week. Has anyone heard of something like this before?
Thanks
Hi Guys
Just wanted some opinions;
Looking at getting my first IP and spoke to a company yesterday called Harvard Securities. Really nice guys, very open and upfront and not pushy at all. They showed me plans of a development that is to be built in Thomastown in the West of Melbourne. Thomastown is a suburb that I would never have considered to invest in.
Does anyone have any views on Thomastown? The last couple of API mag shown the growth to be quite good in the area. But on the other hand I went and spoke to a real estate agent in the area and he seemed to wonder why I would be looking in Thomstown for an investment property.
One thing I thought strange was that when they did a report on the figures it included
you paying $20K more for the property and the developer then putting that $20K in an annuity fund and you getting $90 from that every week. They said it helped with capital gains and your tax because the annuity payment was tax free. This extra income did take the investment from costing $45 a week to a profit of $22 a week. Has anyone heard of something like this before?
Thanks
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