Forum Replies Created
Teena
Speak with fair Trading straight away and see what your rights are. You should have a cooling off period..
Hi
All I can say is Don’t let these people force u into signing something on the day !!! Tell them to bugger off anyone offering to make u quick rich is a scammer. carnt believe people still fall for it. HONESTLY People yes use your damm brains. I went to there so called financial advise and freedom meeting ( yes I got suckered in to a meeting) and could see right through it it and told them to get stuffed especially when they expected me to sign up to over a half a million dollar loan ON MY EQUITY after only just hearing three hours OF dire tribe crap they spit out and then they got shitty when I said no and I said I will take there proposal to MY OWN ACCOUNTANT FOR ADVISE FIRST AND GET BACK TO THEM.
In summary
– Have no morals will take ur money from u and your kids your family home if need be
– slick sales spiel to make it sound iron proof -to good to be true… Which is true !!
– make it sound hard to do your own IP acquisition when truth is it is not if u do a bit of work up front.
– most likely sell u and overpriced dudd property 1000 miles from where u live and don’t give a shit once they get the commission.If I were u maybe go to ASIC to complain.
Companies like this which are just "property spruikers" and are not reputable or licensed finance planners state they look after there client interests but there clients are the property developers they sell on behalf of – not the person who buys an over priced property in a second rate location 900 miles away . I have been to a MA meeting and another company to get a feel for how stuff works with property investment and tax etc etc – i admit i was naive and my eyes wide open and it is the same all around and I could see the risks and declined to do anything .
People just have to stop and think and to be frank not to be so naive and silly and think "what is in it for them who are selling this deal" – no one does anything for free and after they sell you a property under the pretense of " financial advise" and make 30-60 k for a two hour meeting and some paper work they could not care less about you….
For any financial advise use reputable licensed planners and stay away from anyone selling property interstate as a way to retire early or pay your loans off in 6 years !
NLK can I recommend also contacting Neil Jenman just do a Google search on him for contact details. He helps people who are in your situation. And writes Articles about dodgy property spruikers.
Hi
I went to a presentation about 5 weeks ago in Brisbane with MA and they called me last week to see what I was doing as declined to go any further on the day of the meeting and would think about it and get third party advise and I gave them the bad news last week when they followed up i.e. "NO THANKS" !! . I found that what they say at the meeting is all pure speculation and not guaranteed in any case. what I found more disturbing is they try and scare you into doing it almost in that if you don’t sign on the day the world will fall in and if you do sign then all will be good for the rest of your life – pressure tactics by smart looking sales man ( I didn’t see any official accreditation on their business cards) who pretend to be your best friends looking out for you when all they want is you $$ to I guess benefit you to some degree if it all goes well ?? but who knows but they take a fair swipe of $$ either way and pattern I see is you take all the risk on your current assets/money, they sell you a property, if it goes bad which they brush aside as unlikely you are left with the debt and they walk away with a nice profit either way… . I should have known when telemarketer called and was saying it is information provided about "Financial advice, tax minimisation" etc etc and the women came out to talk to use, she was vague about the whole thing and ran the same line and we somewhat naively booked a meeting but all it is just investing in a property through them which you can do yourself anyway and cut them out…if you have the inkling and time to research property which is the smart thing to do to…
One other point is you cannot even pick a property and the detail is vague and they brush your question of and say "until you actually commit to it at least with drawing up loans with the banks etc which is very worrying – You don’t know much about it until you are committed ?? I don’t know how anyone could do that who was is right state of mind to be honest !!
All I can say is be extremely wary of these guys and other companies like them when looking at property, do your homework on it, and get third party neutral advise by someone without a vested interest before committing ( especially when they don’t want you to !!) don’t be fooled they will get loads of money from it and I am betting there risk is minimum and yours is great .. It is quite strange on the day that if you don’t commit they start to get subtly aggressive and almost condescending and go on how they have a team of people who have spent days looking at your file and get angry that you don’t agree to sign up because you want to think about investing hundreds of thousands of dollars , putting your home up as equity in it the whole deal and don’t want to rush in it – LOL !!!
We will look at property investing ourselves now as we want to get into it ( hence the meeting with MA) and do our own homework on it and take a measured , thought out approach with neutral advise to this going forward
.
Hi
I went to a presentation about 5 weeks ago in Brisbane with MA and they called me last week to see what I was doing as declined to go any further on the day of the meeting and would think about it and get third party advise and I gave them the bad news last week when they followed up i.e. "NO THANKS" !! . I found that what they say at the meeting is all pure speculation and not guaranteed in any case. what I found more disturbing is they try and scare you into doing it almost in that if you don’t sign on the day the world will fall in and if you do sign then all will be good for the rest of your life – pressure tactics by smart looking sales man ( I didn’t see any official accreditation on their business cards) who pretend to be your best friends looking out for you when all they want is you $$ to I guess benefit you to some degree if it all goes well ?? but who knows but they take a fair swipe of $$ either way and pattern I see is you take all the risk on your current assets/money, they sell you a property, if it goes bad which they brush aside as unlikely you are left with the debt and they walk away with a nice profit either way… . I should have known when telemarketer called and was saying it is information provided about "Financial advice, tax minimisation" etc etc and the women came out to talk to use, she was vague about the whole thing and ran the same line and we somewhat naively booked a meeting but all it is just investing in a property through them which you can do yourself anyway and cut them out…if you have the inkling and time to research property which is the smart thing to do to…
One other point is you cannot even pick a property and the detail is vague and they brush your question of and say "until you actually commit to it at least with drawing up loans with the banks etc which is very worrying – You don’t know much about it until you are committed ?? I don’t know how anyone could do that who was is right state of mind to be honest !!
All I can say is be extremely wary of these guys and other companies like them when looking at property, do your homework on it, and get third party neutral advise by someone without a vested interest before committing ( especially when they don’t want you to !!) don’t be fooled they will get loads of money from it and I am betting there risk is minimum and yours is great .. It is quite strange on the day that if you don’t commit they start to get subtly aggressive and almost condescending and go on how they have a team of people who have spent days looking at your file and get angry that you don’t agree to sign up because you want to think about investing hundreds of thousands of dollars , putting your home up as equity in it the whole deal and don’t want to rush in it – LOL !!!
We will look at property investing ourselves now as we want to get into it ( hence the meeting with MA) and do our own homework on it and take a measured , thought out approach with neutral advise to this going forward
