Hi Latham,

Welcome to the forum.

mate quick background- my girlfriend and I were in same position few years ago. A one stop shop company was recommended to us. We bought 2 Off The Plan properties from them 400k each with 2year time frame to settlement. Their in house finance guy promised we would get loans over the line and how strong rental market was in suburb we were being sold and thus selling the negative gearing or in real world terms losing money every week strategy.

Thinking these guys were professionals thought they knew what they were talking about and didn't think anything of it. 6 months prior to settlement our situations changed and couldn't go ahead, this info was giving to these quote 'Property Experts' prior to purchase and they assured us they would look after us if our situation changed. Once docs we signed they wiped their hands of us-

Long story short we got out but cost us 20k and lawyer fees, etc.

This company was receiving 40k and upwards backend profit for each apartment and property sold via developer, their finance guy had been falsifying numbers to get loan approvals across the line and rental figures were grossly overstated. 

Any one stop shop company selling property I would be very wary off- I know many people that have been played in the same way. 

We now have a couple of houses and are in the process of picking up two more- my advice is do all your own research- Understand how this game works so you are in control should anything faulter.

Paying above market value for a negative geared property which you are highly leveraged against is the quickest way to sink the ship before she's even sailed….

There are many good minds on this forum- ask questions and read as much as you can. 

The successful guys in the investment world do not use a one stop shop- if you are trying to emulate; that should tell you something!

All the best!

Hey Freckle,

you seem to have a very well rounded concept of cause an effect and how various stressors have the ability to affect local and overseas markets and their respected macro and micro economies.

I'm interested on what you would suggest for young investors (sub 30) who are generally leveraged higher to build up their portfolios in their early years- how do you minimise risk in the event of economic crisis whilst still accruing a significant portfolio.

Ie. buy properties that are in the bottom quartile of any market? chase solid yields 6.5% plus to allow for rate inflation and a buffer should rental demand fall, etc? What criteria do you implement to hedge yourself against the foreseeable down turn and what would you suggest if you were in your mid twenties in this current climate?

BMT hands down- professional/ thorough and Money back guarantee in that if they cannot get you double the cost of the report (ie: $1340) in first year. Cant beat that!

Bullet46,

Thanks for taking the time to scribe your thoughts and local knowledge of the area.

Have crossed Wilsonton Heights off the list and have a place in Newtown under contract.

Again thank your prompt response

Hey guys- looking for someone from toowoomba as looking to pick up a couple in next few months. Can someone tell me why Wilsonton and Wilsonon Heights are such bad places within the area? Does anyone have an investment property in any of these suburbs an if so how have you found putting tenants in etc. cheers