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  • Profile photo of TMfumingTMfuming
    Member
    @tmfuming
    Join Date: 2012
    Post Count: 1

    I bought a property through REIN after their claims and guarantees of rentals and great potential for growth.They rental guarantee gap was extinguished after 6 months. By the way they only preached negative gearing to us.
    I am over $100,000 behind in value on the property and have never reached the value or rental they guaranteed after 10 years. I think Meriton also misled the information they gave on the value of the property, future growth and rental to be had. The capital gain forecasts were totaly false. Many people who bought into the same building have collectively lost millions.  They hook you in with guest speakers who give believable information which never comes true. The advice we got from their finacial advisor was also incorrect.
    They do not say in their seminars we are making enormous commissions on what you buy. An they are actually the sales agents not just advisors.
    These people could be consdiered a 100 times worse than Henry Kaye and he ended up in Jail.
    This is where they should be as far as I am concerned and I cannot believe they are still in business.
    Take my advice you don't want to deal with them unless you want to throw away your future savings.

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