Anyone knows or member of “Cashflow Capital Pty Ltd”?

Oh Phil, pity you had not read the previous comments from all of us who to have all had bad experiences with CFC. Yet to hear of any good reports from CFC recipients. Everyone seems to get shafted AFTER they have your money. How they are still in business is anyone’s guess. Just another example of another CFC customer who has been burnt by CFC.

As you found out, they get paid from you and the developers. Also, once you are signed up you will find it is everyone else’s problem and not theirs. Notwithstanding they refer you to their “network” and points of contacts. They will drop you like a stone and resolve nothing. For the work they do their prices are inflated and you could do the job yourself without the issues they present for a cheaper price. Good luck with it being cashflow positive too!

• This reply was modified 7 years, 4 months ago by  Majoma.

I don’t know, but by reading the posts here as well as speaking to them myself (I speak to both sides so I can hear both sides of the story), I get the impression that they may not be THAT much different to a “standard” agent.

I mean, come to think about it, the complains here are mostly categories into the following a few:

1. Complains about they charge buyers — The person I spoke to admitted that it used to be the case a few years ago, but not any more. Basically I was told you pay $1000 to sign up, but when you buy a property they recommend, that $1000 gets refunded to you. They also write they a strategy for those who sign up and that’s without any additional charges. Likewise, when you do buy any properties they recommend, there is no charge from them to you. I was told they are in touch with developers directly and refer those properties from developers to buyers and they charge a commission towards the developer, but they won’t charge buyers. To me, that’s almost like what a “standard agent” do in real estate. (except for the $1000 being charged and then subsequently being refunded upon buying back part). The person I speak to admitted they used to charge buyer something like 2% as well, but has since abandoned this practice. So unless that’ a flat out lie, otherwise anybody who still claims them to “charge buyers” can be considered as spreading mis-information.

2. Once they have something from developers, they sell it without going to market first. To me, this can be both a plus and a minus, depending on which perspective you come from.

If you really think about it, it is like applying for a job. Once a job gets advertised on SEEK, you see it, I see it, everybody sees it and as a result competition becomes fierce and chances are your CV ends up in the rubbish bin without being read properly. A lot of jobs are fulfilled without ever going onto SEEK via referrals.

I would think same goes with properties. To me, any properties that end up in realestate.com.au will end up being sold above market price. So being able to have an agent that gets properties directly from developers can have its pluses.

At the other hand, the reason why I say it can be a minus is you need to do your own due diligence check and not everybody has the time and effort to do that (especially those with full time jobs), so if you do decide to go with CFC, then do due diligence check on THEM first. If you don’t think you can trust them, then don’t go with them.

3. Complains about the lawyers/financial advisor referred by them are useless — well, if the property itself is good, but the service offered by the lawyers / finance advisors are bad…. then you don’t have to use those they referred if you don’t think they are good. You can always use the lawyers / finance guys that you trust. I would imagine you would have to pay for the services offered by lawyers or finance guys that you trust. So to me, if those services referred by CFC don’t cost me anything, that’s OK… if they do cost me money, then to me it is more like comparing services networked by CFC against the same services that I find on my own, which choose the better one out of two.

4. Complains about CFC tries to avoid responsibilities once a property has been purchased — Again, I don’t see how that’s any different to any “standard” agent is doing. I mean imagine this, I want to sell my house and I get Ray White involved, and someone buys the property from me. Once the contract is signed, unless the contract clearly stats that Ray White is obligated or responsible for any disputes between me and the buyer, otherwise isn’t this a contract between me and the buyer? If there are any issues, shouldn’t it be resolved between me and the buyer (or rather, my conveyance and the buyer’s conveyance?). Especially considering in a standard contract, both me and the buyer would write down our conveyance’s contact details, so if there are any problems such as water service is broken or settlement date needs to be pushed out etc…. shouldn’t it be resolved between us rather than demanding Ray White to resolve this matter for us (even though Ray White may have made a referral to the conveyance)?

So at the day, to me, it looks more like CFC is just another “Standard” agent who speaks with developers directly and refer those properties to buyers (primarily investors) rather than letting them go onto market.