M
(maybe Tiger Woods)
7% over 5 years - that's a pretty poor return.After 5 years you can surrender your membership or stay a memberOption A - you pay €24,000 upfront.
·If YOU GO, the company will pay back your initial €24k + €7k….€31,000 A RETURN OF CIRCA 7%
How exactly do they plan to fund this return!?·IF YOU STAY , you keep your membership and when a property, which is assigned to you, from the housing development is sold you receive a further €50k , but you must agree to stay a member for a further 5 years
"Circa"? That's a bit vague...At the end of 5 years there will be circa €15,000 outstanding on the loan.
Hmmm... the mythical free lunch?·IN YEAR 6 YOU PAY €22,000
·BUT RECEIVE €25,000
·YOU MAKE €3,000 PROFIT PLUS YOU HAVE CLUB M'SHIP ‘’FREE’’ WORTH €50,000 minimum which you can SELL after a further 5 years.
If you are really interested in this then get professional investment/taxation and legal advice before signing anything.Both investment options are contractual. Each contract consists of 14 parts, with sections 4, 5 and 6 differing in each. An outline of the contracts is set out below. I would be happy to send to you and discuss the contracts for both options and give you further details on the development
I'm sure they can't give an exact figure due to the fact that they don't know the fixed-rates that will be on offer by Permanent TSB at the time you get an loan offer.7% over 5 years - that's a pretty poor return.
In my opinion, 7% would probably be a poor return when compared to, for example, the stockmarket. However, if this return is guaranteed, I'd rate it as reasonable when compared to the likes of bank deposits.
How exactly do they plan to fund this return!?
This is a question I'd like to see answered.
"Circa"? That's a bit vague...
True, whats to stop every keen golfer in Ireland from doing this and getting free lifetime membership to a "Championship Golf Course" worth 1000 euro a year. If it was genuine, would it not be possible to secure all the funding you require through recruiting members from various golf clubs/magazines as opposed to promoting it as an investment opportunity with the potential of 26,000 + membership profit on a 24,000 investment??Hmmm... the mythical free lunch?
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