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In this episode, Minh & Debbie discuss an article published in the Australian Financial Review on 8th July regarding a fund manager platform + wealth manager's joint partnership with numerous failed SDA funds with 14 different 'SDA house' in the Melbourne west region. Below are the links to the articles released this week online.AFR Article: 'Investors hung out to dry' as NDIS housing schemes failAFR Article: NDIS housing scheme firm forced to refund fees for 'lack of service'About 18 months ago, we published a podcast on our concerns on the aggressive 'spruiking' of SDA, capital raising in particular, by financial advisors who were trying to "get in on the action" so to speak. Now that this new article is public knowledge, we can shout their names - DOMACOM & ASR WEALTH (grrrrr). We raised some red flags at the time, and hence why today in this article, we are doing a follow up on the fallout of these managed funds which raised money to invest into 14 SDA housing within "one suburb" (YEP, YOU HEARD IT RIGHT!) LOL It didn't help that these investments occurred about 4 years ago, and that the title registration of the land lots were delayed by 2 years. With these houses now for sale (distressed sales more like it) we have to wonder how on earth these 4B/2B/2C SDA homes ( which assumes one bathroom to share with 3 HPS/FA participants) will even attract SDA participants to live in these dwellings. Such poorly designed layouts will not lease out properly, plus SIL and SDA providers will reject these designs as they are not fit for purpose. We fear that the realistic outcome will be only one participant SDA homes (at best), or leased out to the normal residential market at $600 to $700 per week in rent (at worst). Whoever comes along next swooping in to buy, remember these words "BUYER BEWARE".Now, back to DOMACOM and ASR ... did they just forget the fundamentals of "diversification" & forget the old saying "don't put all your eggs in one basket". Damn, for a bunch of suits in Sydney who work in wealth management, they sure did drop the ball big time, and did not follow the SDA advice given at the time from the experts. As we keep saying in many episodes, one cannot suceed in SDA investing "off a spreadsheet" and then expect it to work. Also do not expect to achieve maximum yields. This is a high risk proposal if one does not follow the rules of engagement on the playing field i.e have one ensuite per bedroom. DOH!!! Anyway, please listen to 'Part 1' of this topic, as we will be doing another follow up to this episode in due course.----------------------SDA RESEARCH REPORTShttps://ndis.property/reportsSDA MASTERCLASShttps://ndis.property/eventsCONTACT:Please feel free to call us on 1300 254 397 or email us on podcast@ndis.propertyFor any podcast related queries or suggestions, please contact our podcast team via podcast@ndis.propertywww.ndispropertyaustralia.com.au
Getting a slice of the property market pie is not that hard — thanks to fractional investing. In this episode, Smart Property Investment's Phillip Tarrant sits down with DomaCom's general manager of sales and marketing, Warren Gibson, to talk about how fractional investing serves as the perfect gateway for people who want to get into property investing. The duo walks us through the ins and outs of fractional investing, what opportunities it can offer and why it's the ideal investment for the younger generation. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you would like to get in touch with our team, email editor@smartpropertyinvestment.com.au for more insights, or hear your voice on the show by recording a question below.
Unlike reverse mortgages which are debt-based credit products, DomaCom’s Senior Equity Release enables retirees to sell part of their home whilst retaining the right to stay there. DomaCom's Arthur Naoumidis joins us on the line explain more. See omnystudio.com/listener for privacy information.
Earlier this week, an 8-year-old Sydney-sider made international headlines for becoming the youngest property owner. The auctioneer on the day, Rob Trovato, talks us through how it went down. After that, we catch up with DomaCom's Arthur Naoumidis to kick start our final story of the program about a new super contribution avenue for SMSF retirees. See omnystudio.com/policies/listener for privacy information.
The fractional investment platform, DomaCom, has a new model for seniors’ equity release that takes a different approach to the more traditional reverse mortgage. We discuss it with DomaCom’s Warren Gibson and there are some outstanding features it offer
Welcome to episode 60 episode of Cultivate Farms TV. Sam Marwood takes you behind the scenes of what we are doing to help make your farm dreams a reality. Aspiring farmers registered We have 434 registrations, 12 more aspiring farmers signed up the past week. What you get as a member: You get to chat with us and priority access to realise your farm ownership pathway Mecardo market analysis membership (valued at $300) We directly notify you of farm opportunities (some are only promoted to members) We need your support to keep build momentum This is a call to our aspiring farmers. If find any value in what we do at all, we ask that you do sign up as a premium member. It is $150 a year and this money allows us to keep the lights on while we really get Cultivate Farms cranking. Help us to help you. What we are doing is new and will take time for us to get to scale to have a lot of amazing farm opportunities for you. We need your help to keep us going. Your money goes to keeping our website updated, supporting our social media and allowing us to travel around the country to spread the word. We aren't making any money off this yet as we are ploughing it all back into the business. Please do consider becoming a premium member, you get lots of benefits including discussions with the Cultivate Farms team and free Mecardo market analysis membership. Weekly Update We made the Financial Review. They did a piece on us, our partnership with DomaCom and how we are crowdfunding farms. https://www.afr.com/real-estate/commercial/fractional-investing-platform-domacom-expands-into-rural-property-20180629-h1215j?btis We are in the process of developing a master brand under which all of our farms will sit. This is really exciting stuff and we will be exploring how we can create a name for ourselves which benefits every single farm that we setup Matching retiring farmer and aspiring farmer in Gippsland. I caught up with the retiring farming couple and the aspiring farming couple on one of the farms we are matching. I asked if I could film the discussion but they said no for some reason, but they were excited to be part of the Cultivate Farms matching process. We worked through potential options for transitioning ownership over the long term. There is intent to make something work and we are working through our list of actions for the next meeting. It is mainly focused on whether the new farmers are able to work on the farm for 12 months to build a relationship and to determine the financial model so they can earn their way into ownership. Loading our first farm investment proposal - we are getting legal advice so that we can start promoting farm investment opportunities on our platform. We have a yabby farm that we are about to load and can't wait to start promoting this to potential investors. Farm-ownership pathway program We have develop a farm-ownership pathway program which will get 20 farmers ready to pitch their investment to an investor. This would happen over 12 months, with the 6 month point being the pitch. We have lined up an investor who is keen to invest in the best farm. We are just waiting from government organisations across the country to confirm who might be able to fund the program. Please let me know if you are interested Freeland Pork our first farm match Our first farm match with and investor and aspiring farmer is moving along well. We are now cranking up the marketing side of things for Freeland Pork. Our model is to supply into restaurants as the farm grows production - so we had a filming day on the farm taking photos of the family and also making awesome meals with the pork. We are finalising the 1819 business plan and the budget for the year for sign off by both parties. Refining what Cultivate Farms does Over the past 6 months we have been working in the background to unpack how we provide the most value to the most farmers and it is looking like we will need to tweak our model. Which is to be expected given what we are doing is pretty unique. We believe that getting on your farm is centred around relationships. We match you with a retiring farmer but the first step is to get to know them, to build trust and then you can work through an ownership transition. We think we need to start doing the same thing with building relationships with investors. How can we make it possible for you to get to know an investor who can then back you to go find farms to invest with them in? To make it easier to build these relationships we have been thinking that we need to have a farm mentor who works alongside aspiring farmers to help them on the farm ownership pathway. We are now thinking of getting these farm mentors, agronomists who understands our model, from all around Australia who you can select to work with. These mentors would help you work through a long term farm ownership pathway program and also provide a third party independent verification of an aspiring farmers farm-ownership readiness. This validation will be of great benefit to retiring farmers and investors, who want to be confident that they will be working with someone who is ready to get going onto a farm. So we are going to be unpacking the role of farm mentors in our model and using them to verify our aspiring farmer's farm-readiness. This will be an optional component of your membership but one we think will be a great way for you to get on your farm quicker. Farm opportunities We have 19 farms that you could own with retiring farmers tomorrow. We want you to check these out and pass the details on to friends and family. These are red hot live opportunities which could set you up for life. The process will be that you do a basic pitch and then we give it to the retiring farmers to decide if they want to take it any further. If they do it's then a number of conversations to find the best solution for you both. www.cultivatefarms.com/farms - Manildra NSW - Free Range Pig Farm in Wagga Wagga - Lime farm Cairns - Chestnut farm in WA - Beef cattle enterprise in southern Qld - 20 acre vineyard south of Bendigo Vic - Dairy farm ownership pathway in NE Vic - Intensive aquaculture in Rutherglen Vic - Rare vegetable seed farm SW Victoria - 44 acre market garden on outskirts of Sydney - 100 acres NE tassie mixed - Market garden in NT - Beef in NT - Olive grove and Tasmania - Olives in Victoria - Mixed farm in Terang, SW Vic - Achacha in Qld - Mixed organic in Tansey Qld - Flower Farm in Qld
Recent studies from Intuit indicate that Millennials are embracing the Gig Economy at rates faster than any other demographic group. Gig workers tend to move more often than other workers and do not always have predictable incomes – a formula that will not endear you to a bank that is deciding whether to offer you a home loan. In this show, I discuss these trends and how the Gig Economy is going to change how houses are financed, sold and shared in the future.If you like Gigging: Everything and the Sharing Economy, you might like my other podcasts, Guerrillapreneur: The Art of Waging Small Business Warfare and Career Coaching Xs and Os. Please check out some of my other podcasts:1. Guerrillapreneur: The Art of Waging Small Business Warfare - Interviews with Startup Executives and Influencers. https://www.spreaker.com/show/guerrillapreneur-podcast 2. Career Coaching Xs and Os - Career Advice for Executives who want the corner office. https://www.spreaker.com/user/5249131/ep-19-7-things-to-consider-before-re-hirIf you want to continue the conversation, follow me on Twitter @GiggingAnd or @ceyeroconsltg. Please subscribe, comment and like the show. It will make me happy. Need help developing a business pitch for your startup or small business? Check out my online course "How To Develop A Winning Business Pitch" https://ceyero-consulting-eschool.thinkific.com/courses/how-to-develop-a-winning-business-pitch. The course is only $39.00.
Recent studies from Intuit indicate that Millennials are embracing the Gig Economy at rates faster than any other demographic group. Gig workers tend to move more often than other workers and do not always have predictable incomes – a formula that will not endear you to a bank that is deciding whether to offer you a home loan. In this show, I discuss these trends and how the Gig Economy is going to change how houses are financed, sold and shared in the future.If you like Gigging: Everything and the Sharing Economy, you might like my other podcasts, Guerrillapreneur: The Art of Waging Small Business Warfare and Career Coaching Xs and Os. Please check out some of my other podcasts:1. Guerrillapreneur: The Art of Waging Small Business Warfare - Interviews with Startup Executives and Influencers. https://www.spreaker.com/show/guerrillapreneur-podcast 2. Career Coaching Xs and Os - Career Advice for Executives who want the corner office. https://www.spreaker.com/user/5249131/ep-19-7-things-to-consider-before-re-hirIf you want to continue the conversation, follow me on Twitter @GiggingAnd or @ceyeroconsltg. Please subscribe, comment and like the show. It will make me happy. Need help developing a business pitch for your startup or small business? Check out my online course "How To Develop A Winning Business Pitch" https://ceyero-consulting-eschool.thinkific.com/courses/how-to-develop-a-winning-business-pitch. The course is only $39.00.
Warren Gibson, General Manager of Sales and Marketing for DomaCom, chats with us today. You'll discover how you can use the online platform to get your foot on the ladder to invest in a property and how it works as a service.Find out where the idea behind DomaCom originated from, why the money has to come before the property with crowdfunding, how the disruptive service is changing the way Australians invest and save and what kind of strategies they provide to potential investors. See acast.com/privacy for privacy and opt-out information.
Warren Gibson, General Manager of Sales and Marketing for DomaCom, chats with us today. You'll discover how you can use the online platform to get your foot on the ladder to invest in a property and how it works as a service.Find out where the idea behind DomaCom originated from, why the money has to come before the property with crowdfunding, how the disruptive service is changing the way Australians invest and save and what kind of strategies they provide to potential investors. See acast.com/privacy for privacy and opt-out information.
Warren Gibson is the General Manager of Sales and Marketing for fractional investment platform DomaCom. He will unpack his journey from one chicken per week, to working in film and theatre, to getting started in business development.You'll find out how you can use crowdfunding to get into the market and benefit from spreading your risk, with only $2,500 per investment. You'll discover how to gain more control over your property investments via this method, while also gaining insight from Gibson on how it's never too late to change direction in your career. See acast.com/privacy for privacy and opt-out information.
Warren Gibson is the General Manager of Sales and Marketing for fractional investment platform DomaCom. He will unpack his journey from one chicken per week, to working in film and theatre, to getting started in business development.You'll find out how you can use crowdfunding to get into the market and benefit from spreading your risk, with only $2,500 per investment. You'll discover how to gain more control over your property investments via this method, while also gaining insight from Gibson on how it's never too late to change direction in your career. See acast.com/privacy for privacy and opt-out information.