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  • Profile photo of nuggetsanuggetsa
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    @nuggetsa
    Join Date: 2008
    Post Count: 1

    I too have misgivings.  So far I have been to their initial presentation and had the "personal assessment" at our home.  Next is to pay $295 for my wife and I to spend a day with them in Melbourne.

    From what I can make out, ABC build the properties then look for people, us, to buy them.  It could be a sale and leaseback arrangement or simply them selling an asset, giving ABC an immediate return on their development, with the expectation of rental income for the new owner.  Nothing wrong with that: so far so good.  Then there is the ABC Financial angle.  Essentially they look at our finances to see if we are financial enough to buy their product, plus providing modelling and forecasts based on their projections of rental incomes for their properties that they want us to buy.  And fundamentally it is only their properties that they are marketing not an holistic "all Australia" view as implied at the initial presentation.  I fail to see how this can be impartial advice.  That troubles me.  Then there is the substantial fee: "several thousand depending on how much they have to do" was all I can get so far.  It sounds a bit like going to Coles and having them check your credit card balance whilst telling you how good their products are then charging $100 for that advice.

    Maybe I'm just being cynical and this really is a great opportunity.  Does anybody have any experience with this?

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