Guaranteed Return on Investments

[Ivan McIntosh]

The appropriate question to be asking is WHO is doing the guaranteeing? I would expect it is a limited liability company.

Not to put too fine a point on it, Blue Chip "guaranteed" rents and that they would purchase back a property after a certain number of years. The guarantee was worth no more than the solvency of their company.

In other words, if the market turns, the guarantee may be utterly worthless. I see they have $5k in escrow, but how long will that last?

[Maccachic]

If your finances are shaky is it a good time for you to be investing? Or was it a way of getting you on a higher mortagage rate? Their mortgage guy sounds a little red flag to me??

I see it is HNZ that is managing the property and they insure it against damage. - Which you can also org yourself.

"Housing New Zealand Home Lease terms can be either: 10 years + 5 years "right of renewal", or 5 years + 5 years "right of renewal". Which lease option applies is at the sole discretion of HNZ."


I cant see any small print on their site would def get a lawyer to go over the contract with a fine tooth comb

[Alex SC]

In the USA there is no true Guarantee in rental income. If some one did offer that which is just most likely a sales gimmick.I would want a lawyer to hold those funds in an escrow account so I can see the money. Not sure about you all but some states in the USA we use lawyers for the closing . So if some one made that guarantee I would ask for the lawyers to hold not the person selling me the deal. What happens if they go broke or belly up....

just my two cents

Alex

[speights boy]

Alex

Have you had any dealings with usadirect.asia ?

[Alex SC]

Alex

Have you had any dealings with usadirect.asia ?

I like to say there were not spoken highly of in another forum I deal with ..not good things. I just went to his website. They same condos he is selling for $129k .I can show where I am buying them for under $20k. This is the reason why we get such a bad name in the USA...

Hope this helps

Alex
PS my cash lender is out of hong kong and Australia ..I was in Singapore ...but this is the first time I have heard of these guys...same with them...