All Topics / Help Needed! / abc financial group

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of speckyspecky
    Member
    @specky
    Join Date: 2010
    Post Count: 1

    My husband and I have just had a meeting with ABC Financial Group and they wanted $395 to travel over to Melbourne so that their financial guys can assess us. They then take us out to look for property, if we want to proceed.  Has anyone paid the $395, gone to Melbourne and proceeded with a property purchase?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Sorry they want you to pay $395 to get you to go their inhouse Mortgage Broker in another State to be told whether you can afford to purchase one of their over priced properties.

    I think i would be running a mile.

    Richard Taylor | Australia's leading private lender

    The Gambler
    Participant
    @the-gambler
    Join Date: 2010
    Post Count: 11

    Can't they assess you via email,phone, video conference, etc without you having to travel?'
    If they are not willing to do this, I'd say forget about it.
    Seems like they want you financially committed from the start.
    Face to Face meetings are just not neccesary  for this kind of situation.

    Ask them what they think about this.

    Profile photo of heathersheathers
    Member
    @heathers
    Join Date: 2010
    Post Count: 26

    We really need an AGREE button next to Mr Angry face don’t we?

    Profile photo of number 8number 8
    Participant
    @number-8
    Join Date: 2010
    Post Count: 333

    People do not pay for this advice, it is free in todays climate….

    http://www.birchcorp.com.au

    Profile photo of wealth4life.comwealth4life.com
    Member
    @wealth4life.com
    Join Date: 2003
    Post Count: 1,248

    Now if these guys owned an ipad they could do a whole presentation and then get you to skype for free … haha … read other threads on them here … compare everything with realestate.com.au to get a gist of the prices as there are lots of 2/3 year old property for sale as resales.

    Plus great advise above …

    Profile photo of tobyboltontobybolton
    Member
    @tobybolton
    Join Date: 2011
    Post Count: 1

    Please don't do it! I have been financially burnt <moderator: delete personal comment>. What you will find is that after the rental guarantee period is up you will have no tenant – there's never been one. Then, you will be stuck with the ongoing bills for the property. If you want to sell, you will have to pay around 18 months rent and their "advertising" fees (all of which came to around $22,000 in my case). There will be no gain in property value because they have built too much of it. This is a way for them to transfer the costs of their over development on to you. They are a hideous group – have nothing to do with them or their high pressure sales techniques.

Viewing 7 posts - 1 through 7 (of 7 total)

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