Dealing with a company to buy properties

What you should do is deal with someone prepared to mentor you. Most marketing companies are just out to sell you a property. Thats understandable as most of these companies have huge overheads. However is that best for you.
It also comes back to what are you trying to achieve.

I find that in many cases people do not really know what they want to do.
I normally start people off by helping them to design a life plan and then get there finances assessed.

It is a matter of looking at the entire picture and not just trying to scare you into buying what they have to sell you

Do a quick search on previous posts and you will see the comments others have made about the Company.

Just read them sitting down and with your hands in your pockets.

Cheers

Yours in Finance

I agree with all of the above forumites, run and you shouldnt have paid the $100, if anyone asks for money up front to show properties they are selling walk away, alarm bells should be ringing, this type of sales/marketing is preying on people with little to no experience, so they can sell overpriced off the plan apartments and house and land packages ect
 
my advice for what is worth Jonesy is read as much as you can on this forum ask lots of questions, you will learn very quickly and will be finding your own better deals in no time

all the best 

What sort of financial advice are you after?

Financial planning?
Property investing? ie BA
Mortgage?
Super?
Insurance and risk management?
Accountant?
Debt management?

Regards
Michael

Try David Linco at Davlin Finance.

Website – http://davlin.biz/

T:8843 8999

David is qualified in many areas and he has set up a business with all complementary services under one roof but excluding property 'finding' services. 

Hi Jones,

I have met with 2 different companies similiar to yours. The first one, 360 investing, charged me $770 for a membership fees. I have decided not to proceed with them and now they're not willing to refund me that fees.
So be careful if they ask you to make payment about a membership fee.
Next week I have another appointment with Bluestone Investment. I guess most of these companies try to rip you off by inflating the properties prices and they are getting huge commissions as well.

A financial adviser will not necessarily give you the solid advice you want. I did the run around with financial advisers and gave up. They all pushed share funds or the like. Even when I specifically said I was interested in property.
You need to decide what strategy suits you.
Do you want to buy property? If so do you want buy and hold? if so will you renovate to increase equity and yield?

There are MANY ways to make money in real estate.
There are lots of books, magazines out there with hundreds of real life stories about how people made their money.
Go to the library and borrow some Australian property investor  or Your Property investor magazines. Lots of real life stories in them.

Post here again if you have an idea of how you want to precede. It's difficult with so little info on where you want to go. You can get properties that aren't so negatively geared so your lifestyle doesn't take a hit.
What is your end goal?

I myself buy, renovate and hold. This gives me increased equity (so I can refinance and buy again). It also gives me increased yield so I'm only slightly (if anything) out of pocket (on 105% lend). My next one will give me $50K increased equity with $60 a week CF+.
Love it.

Keep asking questions. )

Hi Jonesy06,

I`ve been in real estate 12 years & now specialise in selling land & working with builders to offer house land packages.

I recieve a call every week from a different property investment spruiker wanting house packages so they can on sell to clients for $30k or $40k more. (we have no interest in dealing with them.)

It still amazes me that buyers dont just visit the land estate, pick a lot & a builder themselves & save the big fees, its not hard!
or visit the unit complex & purchase direct.

The reason they want money up front is protect themselves incase you do just that.
Although to be fair to the investment marketing companies (the honest ones) they should be paid a fee for their time & advice as without them a lot of investors would do nothing.
A question you could ask the investment salesperson is `How many have you brought?` & `what price did you pay?`
In my experience most would not buy what they are trying to sell you.
 
as they say, education is power, educate yourself, surround yourself with various professional people you trust, set a goal & a plan & go for it!

you will make a few mistakes, we all do, although it will probably still cost less than the $40k as mentioned above.

I hope this helps,

thanks