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Hey Guys,
Just thought you might like some input from someone who has *actually* bought an investment property from JLF / Custodian Wealth Builders, and is not just speculating about their motives, or service (no offence to Ram & others).I bought/built a property through them back in 2007, and I must say I was, and still am very impressed with their service.
First of all the 'over priced' comments I think is totally unfair, and not backed-up by the facts.Fact #1: JLF sells properties at a value that is determined by an independent BANK-valuation (keyword) – not some dodgy appraisal done by a real estate agent. If the independent valuation of your property comes back less than what your building contract was for, they REFUND THE DIFFERENCE!
I am not kidding… When I bought my property, the independent valuation came back $5k less than the expected price and they refunded the $5k shortfall to me in full!Fact #2: JLF builds properties on a fixed price contract – so there is no chance of surprises from the builder raising prices on you half-way through the build. They actually indemnify you against any cost-overruns by the builder.
Fact #3: JLF guarantees the house will be built within X number of weeks from the slab going down (in my case it was 28 weeks, in QLD). If the house isn't completed by that time, JLF pays for 75% of the market-rent – not just until the house is completed, but until the first tenant moves in!
My build did actually run late, but thanks to their rental guarantee I saved a shirt-load in lost rent that would otherwise have been forgone, had I invested privately or with another property group. Oh, and because they paid me up until the time the first tenant moved in, I think I might have actually came out ahead on the deal.
Seriously, can you show me another property investment company (or other entity for that matter) that is willing to stick it's neck out for you as much as these guys do?!?.
Yes, they are developers. Yes, they are in it to make money …but show me someone in the property investment business who isn't.Again, I am very happy with their service I have got from them, and in the future when I'm ready to buy a 2nd investment property, I will almost certainly buy it through them again.
Regards,
Jordan Moulds