Property Investment Companies

Hi TVLachos,

I assume you mean http://www.stableone.com.au.

Without having dealt with this particular company I can only provide you with some comment of a general nature.

I have cut and paste a list of suggested comments that I posted elsewhere that you may find of interest in determing whether or not Stable One suits your needs.

Some thoughts for you to consider.
1. How long have Stable One been in business?
2. How many investment properties does your ‘consultant’ own?
3. How long has your consultant been investing?
4. How does your ‘consultant’ earn their money?
5. What will they get out of each and every purchase?
6. What service do they offer?
7. How much does it cost to use each aspect of their operations?
8. Can you use your own mortgage lender? property manager? valuer? If not – why not? (it is a free world)?
9. What sort of after sales support do you get?
10. Does their approach fit comfortably with you?
11. How much pressure is bought to bear?
12. Are all decisions made in Stable One’s presence and without pressure?
13. Are there rent guarantees? (Run away fast if there are!)
14. How does the price compare to similar properties on the open market?
15. ASIC/ Ministry of Fair TRading Issues?
16. Where have Stable One’s past sales been? What were they? How much is the open market paying for them now? What are they rented for now?
17. What are similar properties (to the one being considered) renting for? Check with a couple of REA in tthe area?
18. What is the vacancy rate in the area like?
19. What infrastructure is planned for the area?
20. Are brochures high on ‘gloss’ and ‘glitz’ and low on facts?

You may also find doing a search of ASIC’s website by company name and, more importantly, by directors names to be a useful exercise.

Any issues the regulatory authorities may have will be obtainable by you.

Derek
[email protected]

Property Investment Support Available. Ongoing and never stopping. PM welcome.