Hello,

I am new here and just wanted to say that I attended the Property Secrets seminar. Basically they are buyers agents, and finance brokers – all in one.

They buy ex-commission homes in Sydney’s South West – Mt Druitt, St Marys, Willmot, Blackett, Bidwell etc.

You pay them a buyers agent fee of $5000 and they secure a property for you – under value.

They buy so many houses in the area ( 450 to date), so the agents in the area contact them first, before advertising the property.

You then pay them another $5000 and they project manage your renovation.This is optional, as you can choose do it yourself.

They then assist you in revaluing, releasing equity and buying again. Property Secrets also finance the deal for you, interest only – low docs, through their sister company called Green loans

Concerns:
There is that much crime in the area that kitchen appliances are installed, only when the tenant moves in. This is because they would get stolen otherwise.
All houses must have back-to-base alarms.
Electrical fuse boxes must have locks on them as the electrical wires get stolen.

I went for a drive through the area last weekend, and got to see some scary people.

Questions:
Would you invest in the area?
Can you expect good capital gains in the next 5-10yrs?

Property Secrets aim is to buy 5000 properties in the area within the next five years and then go to a builder to get them redeveloped into new duplexes. With 5000 houses, a huge discount can be organised for everyone.
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