Does anyone know Ozinvest?

Hi Daniel,

I like you have done some research into Ozinvest. This is not my first investment property I have a rental which I handle myself but the security and locations of properties they offer looks good. I am also just trying to get a bit of feedback on the company good or bad before I jump into anything. Any info you get please pass it on.
 Thanks Elle

Marky, my feelers tell me that one of the directors at Metropole has moved on to Ironfish so you may look at them too. Can't give a wrap for either but this bod was on the level (had a good chat without putting in the spiel & may continue to cross paths).

Just a thought, the ten year guarantee comes at a $15 a week price, I thought you would probably get a tenant if you dropped the rent ten bucks a week? Just a thought

Hi all,

I am the skeptic from hell having been tought a valuable lesson early in my investing life.  As a consequence, I decided to get market ready.  Some may call it procastination, but I made a conscious decision to "hold my horses" until I was confident in my level of basic understanding including the different strategies ie growth, yield, buy and hold, flip, developing etc etc. How to buy, ie company & trusts vs own name pros and cons, asset protection, tax planning, why was I investing, for how long, what was my exit plan.   Then I looked at us, where was our comfort zone ie reno and hold in a trust strust for asset protection.  We do not want to be employees until 65, so that meant we were looking for properties to replace our income (+CF)  offset by some money earners every now and then (value add/sliders/ granny flats etc) Sorted!  We were no longer interested in negative geared to offset against salaries.

I do not trust the 2nd tier seller that are very much around in the market at the moment – they are the ones with all the answers, glossy broshures and have got a deal for you – with guaranteed income (guaranteed income equates to inflatuated purchase price – beware). Oh, and some smooth talkers!    Liken it to handing over the controls to your wealth – herd 'em in, sell 'em a one size fits all ….oh dear, sounds like a financial planner of the property world.   Ask clients of STORM and iPlan and alike how they feel about handing over the controls to their livelihood.

I would rather be control of all my decisions ie choose the property, verify or research the area myself and have independent professionals.    If you want to learn the strategies on how to be in control ie the property investors that aren't trying to sell you property, but TEACH you instead how to make informed decisions – then check out Margaret Lomas (Destiny) and Dymphna Boholt (realestate success) – both will teach you how to use cashflow positive property to earn income.  Personally I get more from Dymphna's teaching, but I am big on asset protection and becoming a full time investor.

I subscribe to Michael Yardney, but having just read his latest book, he made a comment in there that was a left-fielder in my eyes and when I asked him what he meant, I was quickly referred on to Metropole – and if I was a client I would get the answer.  For me, I didn't what to pay $1,000 to become a client, and I do not need a buyer's agent because I have a particular talent for picking property. Don't get me wrong, Michael is very knowledgeable and is "up there" with investors and a great motivator, and his newsletters cut out the "noise and fluff".

Jan Somers is aother good read for strategy.   I cannot comment on RESULTS or Steve – while I have his books, I haven't read them (SORRY), but look , the man has an accounting background and is +CF strategy – like Margaret and Dymphna (and me ) so all's good.

Had to have my 2 cents worth, and it may have covered a number of topics, and take it as just another opinion to add to the rest.

Cheerio, and happy investing

Sootyss, thanks heaps for your tips there.  I understand where you are coming from. I too have been lead up the garden path and might have lost my house if I would have follow the "highly leveraged advice". Destiny is having a launch seminar on a new product coming up very soon so I will go along and hear what they have to say.

 I agree with you that educating yourself is a vital tool to making a quality decision with your investment dollars as it's not just hundreds of dollars, it's hundred's of thousands. I have to be careful also not to fall into the trap of "analysis paralysis" this is where I need a little guidance because I tend to fill my head up with all this data but not take action. A clear action plan is the way to go from here for me.

 Once again, thanks I will follow up on those tips and check out Real Estate Success now.

I invested with ozinvest for my first of 3 IP's and pulled close to 200k from the investment over 8 years, I payed 156 and sold for 342.  If I had of been smarter and better educated it would have been more with a better structure on my part.  They may not be the ultimate investment but they make things easy and have a good steady return no one trying to sell unrealistic returns.  That is why i went back to them for the 3rd property and will do so again.  For me they are a no hassle investment with good returns with easy admin and little time commitment.  I am in the military so do not have time to renovate or look for tennats etc and they aim for people like me.  Also they sell properties with out the lease back which cuts the cost and I have never had vacancies, in fact i have tennants wanting to sign longer leases for security of the property.

well how about you put the rent up 15 bucks a week or even 50 bucks a week and then oz will pay u market rent when vacant, so your always getting money coming in and u pay oz 15 bucks, and then lets say based on that extra 50 bucks a week u are tenanted 45 weeks out of the year, well you have just picked up a cool 1500 per year and thats after paying oz