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Does this look like a scam to you? http://www.afr.com/real-

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Thread replies: 6
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brickx-tagline.jpg
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Does this look like a scam to you?

http://www.afr.com/real-estate/100-a-brick-a-new-way-to-invest-in-property-through-brickx-exchange-20160908-grbvbg

https://www.brickx.com/

>tl;dr Asset Management company buys an Australian house which they then rent out and then 'splits' it into 10,000 blocks (or bricks). You can then buy blocks in the house up to 5% of the 10,000 'bricks' and then get profit/dividends off the rent or can sell your bricks for either profit or loss depending on the valuation of the house. They claim to make 1.75% off each brick/block sale transaction and deduct 6% for property management fees each time you get paid for occupant rental fees
>houses are independently valued twice a year.

Sounds a bit sketchy desu
>>
>>1507794
And they deduct property taxes/duties etc based on the quanity of your share holdings.
>>
>>1507794
Yeh here in the rest of western civilization we have these things called real estate investment trusts
>>
probs
>>
Sounds like a shittier non-diversified REIT
>>
>>1507794
theres only 4 properties atm, i bought a brick of each of them and ill come back in a month to share how its going. btw theres a 1.75% fee they pay when u buy a brick.
Thread posts: 6
Thread images: 1


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