Just some general advice ,iv had talks with FutureSecurity Australia PYT LTD ,Im a first time investor ,are they the real deal ? any advice would be gratefuly
appreciatedRussell
I would steer clear of them.
I worked for a company that financed loans referred by a similar Investor club to the one you describe.
They market properties with inflated prices, but don't tell you when the valuation comes in short of what you paid for it.
You don't need the services of a group like this. Their method is pretty simple:- buy property, then use that property to buy more. Trouble is, the properties they're probably trying to sell you are overpriced to allow for the big fat commission they're getting on the sale. So you're unlikely to get any growth/equity for some time.
I would recommend you do your own homework on where to buy a good investment and only buy direct from a real estate agent.
By the way – I love the photo of the jet plane on their home page…………… tell em they're dreaming!
It is not a jet plane it is a glider !
Sounds like they are providing financial advise
Yet a search of ASIC shows no one named Future Security PTY LTD as holding an Australian financial service license
http://www.search.asic.gov.au/fsr/flb.htmlVery interesting !
duckster – plane, glider – who cares? connotations are the same.
They're not providing advise – they're trying to flog properties for a commish. see http://www.futuresecurity.com.au/aboutus.asp
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