Designed Portfolio Investments is not a PTY LTD company and is only a registered business name …. so who are the trading under Fogchat and do you work for them??

BN17365089

I suspect they are a property marketing company charging $30,000.00 plus commission which is common with these types of people …. I have copied your request to the department of fair trading to see if they are licensed but i suspect they are not.

You don't need to purchase property through these types of organizations … buy a block of land and contract the house to a reputable builder like Masterton Homes, Choice homes or similar … Choice will build a turn key 22sq/m house 4 bed with air for about $165k + land

Marketing companies will be a dying breed as they will all need to become IPA compliant and licensed and most sales people just want to sell and earn big commissions but the ASIC has another view … real estate agents, financial planners and other licensed groups are pressuring this point.

D   … http://www.smartacadeny.gov.au … good licensing college for you fogchat

Hi D

Thanks for replying.

I don't work for them, rather I've been on the receiving end of bad advice and poor project manangement by them.

Their trading name is Duppen PTY LTD.

They offer business and property training. Only you have to pay a joing fee to participate in their JVs in which they do "all the work" ie source properties, renovate or build. For this they charge 10% proj mgt fees, then if you sell they take 50% of profit AFTER all expenses.

Trouble is they are severly under resourced, are inexperienced, and are at best "enthusiastic amateurs".

Regards

Foghat