Forum Replies Created
Thanks for all the great information!!
Getting together with other investors seems a great way to go. However, I wonder if there are laws about getting money from others. Would ASIC come after us if, for instaance, we (my brother and I) placed ads for partners.
Maybe I should call ASIC myself?!
Leo
Yes, once the land zoning is changed the value will jump at least three times (often much more); but you need to be really careful that you do NOT pay to much to start with.
I have been doing more research on this and the info from the UK is really frightening. This fellow Cleeve and ELS are not the only ones, there seems to be a whole industry there which is built on buying farm land (green belt they call it)for normal prices then selling to us small investors for a huge mark up and then, if there ever is a rezoning, we get a few crumbs.
In all my searching, I can find NO record of anyone buying from a land banking company and making a profit. Plenty of allegations of fraud, but no profit.
Seems like we need to get the message and go for it solo. My money takes me too long to earn without having to loose it to some shark.
Let’s show them how to do it, safe sure and solo.
Leo
Yea, thanks Dazzling, you sure fit my definition of “one of us” – the smaller players.
At least you’ve shown the guts to do it, even if you haven’t reaped the rewards – YET (love that word, you can use it any time to excuse almost anything, especially in investing!!).
Let us know when the harvest comes in; meantime, I think this feels and seems good enough to do sow my own seeds.
And yes, I’ll watch out for the income problem. Maybe a horse or two will help pay the bills while I wait. Ha.
Thanks once more.
Leo
Yes, sorry I know Peter is an Aussie, but what I meant was have any little investors – such as me – been involved in land banking? If so, they are the ones I want to hear about.
Peter Spann is too big and Stephen Cleeve and his sort are so short on honesty, that what I’m looking for is a normal sort.
Hope I am not being a pain. But you all say to be careful.
Leo
Thnaks kp. It seems that it is a winner and I feel more confident. It also seems that no one has really done it yet in Australia. But, hey, that’s not a reason not to do it.
If anyone has done it, it would be real good to hear from them.
Any one out there???!!![biggrin]
Leo
Thanks a lot. That’s the sort of info I was looking for. How nice to see something seemingly feesable in Oz rather than something crooked in the UK.
Still, it’s a big cost, so maybe a regional center that’s growing or a syndicate is the way to go.
Be good to get some thoughts from others.
Thanks anyway
Leo
Thanks Hellman. I am aware of the cons of land banking but that’s not what I am talking about.
Done well, it must have potentual, surely?
The basic concept has a good feel to it.
Regards
Leo
Whether or not this dude is a shark, there is something pretty rotten about a person using a fake name to muddy the real name of another.
.
Hey Nat B, if you want to bag someone as badly as this, don’t do it in a cowardly way. State your real name in full and all your contact details.That’s gonna test your courage.
And yes, I know lots of other people on this forum using a fake name to post attacks on real people; but cowards often roam in packs.
Leo
Hi Rob
They’re talking about you!!
On the weekend a mate of mine said he had been to an Investors Club ‘do’ and someone read out your posts from this site. Wow!!
Apparently, the reply was a bit rude, something along the lines of he (you) is just a broke mortgage broker who has never invested successfully in his life and has to save up to catch a bus.
Not very complimentary, for sure, but at least you have got into some heads, mate.
Go for it!!
Cheers
LEO
Rob. I take your point, maybe I need to look at the other sight more diligently. I will say that this site is a lot easier to read so probably that’s why I have read more posts and perhaps I have just seen too much of the bully-boy pack-dog types.
I don’t mind someone advertising but what I don’t like is when my words are taken as an almost de-facto type endorsement. It’s deceitful in my opinion and remember, mate, it’s just my opinion.
And please do not think I am “defending” the other people. I suppose it was the wrong thing to say to a bloke who just been kicked in the groin by them. So, sorry.
Anyway, I have another life so I don’t get the hours to post or study these sites and, really, with so much subterfuge, it’s hard to know what to believe, never mind who’s really who.
I remember when the dear host of this site used to post under his real name on another site and then, at the same time, a bodgey name, and how he got caught. I laughed aloud but it really made the point about the credibility of these sorts of places. At least you and I know each other’s names.
Gotta go now, I am on the early shift tomorrow.
Regards
Leo
You are a funny fella. Don’t ya have a social life or are you in between partners or is it a drought – or what?
See ya
Leopold
P.S. Yea, I agree that there seems to be a lot of agents in the other place and they surely don’t like fixed commissions.
They don’t really mean it. It’s just a heat of the moment reaction, that’s all.
Leo
Hi Rob
Sorry to hear you got banned. What user name do you use?
While I like your posts here, I must say that the other crowd are so far ahead, it’s just no contest.
Banning? Hey, I have been watching this forum and seen what happens if anyone steps almost an inch outta line. If you don’t worship raps and the host, you’re going to cop it.And, heaven help you if you ask a probing question such as how much is a milionaire worth. Yes, I have seen what happens and the attacks made on the questioners. It has a really evil cult type feel to it at times – not from everyone, mind you, but from a handful of thugish bullies which is common to all packs or cult type mobs.
Look what happened to me the other day when I made just the mildest of comments in my first posts. I got abused and the inference was that because I was a newie I knew nothing. Just like being a newboy at school. Pick on the new and the weak seems to be a common theme here.
This is why so many people do not post here. I feel that as a (almost) “non-poster” on both sites, I am more placed to be objective and, in my judgement, the other site is miles in front of this one – for knowledge, experience, honesty, transparency, cleanliness and maturity.
Gulp.
Leo
P.S. And one more thing. At least on the other one, you don’t have to watch how you spell certain words, such as w r a p s and miliunair, otherwise you seem to be aiding the host to flog you stuff. That’s SO dishonest.
Rob, Sorry mate, but I am going to have to side with Pelican. It is NOT my intention to upset people (especially rappers) and it is clear that Pelican is getting increasingly upset with yours and my points. He does not like the way this is going and he wants the topic locked before another debate on rapping leads to the only obvious conclusion.
This, of course, hurts his business interests.
And, because I have only made a small number of posts it must mean that I must be less intelligent than the likes of Pelican who has lots more posts than a klutz such as me.
I see how it works here – High number of posts = high intelligence. Low number of posts = low intelligence.
And to think those stories about this forum being a site for bullies who berate any who disagree with the majority – how unfair.
But, then, I suppose if I were to add Rob’s number of posts to mine (sort of like team members) then my intelligence would exceed Pelican’s. Oops…
Yes, lock-down time.
Night-night
Leo
I am sure your right. Not all rappers intend to be rippers; it’s the method which means that many well-meaning people get suckererd into it thinking that it’s legit. One of the biggest blunders made by the NRs (nasty rappers) is to pontificate that raps and vendo r finance are the same thing. Real vendo r finance means the buyers get to see their name on the title. Raps means no such thing.
Gotta get back to work now.
See ya
Leo
Rob, Well, buddy, you are right. What a rude and angry fellow that Pelican is. I have no intention of being the same in reply because I think that bad manners are a sign of a bad character. Also, no matter how rude some rappers may be I can understand how nerve-wracking it must be to live on both the legal and moral edge. And all for a few measly bucks a week. No wonder raps is not known as the thinking-person’s investment.
Regards
Leo
At the risk of being attacked and abused – which, I gather, is one reason why so many are so reluctant to post on this forum – I must say that Kay has got it right and Pelican, as well-intentioned as he may be, has got it wrong with his fairness comment.
The simple philosophical, moral or ethical fact is this – “There is no right way to do the wrong thing.”
Other than those involved in it, the rest of the world is all but unanimously anti-w rappin g. I think that anyone considering it right now needs to be very careful. I have it on good authority that the entire process could be headed for a huge fall.
Leo
Er no, far from it. It’s a family show!!
Rob’s analysis of TIC is excellent. It is one of the best I have seen and all budding investors would be wise to heed his wisdom in this instance.
Perhaps he read the report in one of the papers last year which contained this quote…
“The Investors Club is nothing more than a pretend form of organisation to sell overpriced and overvalued real estate to unsophisticated and gullible purchasers.
“It is a scheme where someone buys a geographic area or zone and gets called a club manager. They become your m e n to r, and show you how to buy property. They get a kickback from each property you buy. By definition that makes a pyramid selling scheme.”
Rob, Did you see Meet The Fokkers? If so, you’ll know what I mean when I say,
“I am wathcing you.”
Keep going.
LL
(Lurking Leo)
