Hi,
Just wanting to know if anyone has heard of or is a member of The Investors Club.
There are so many scams out there that I am interested to know if this is a reputable club and what people think of their strategy.
Many thanks
Cheers
If you google The Investors club there is a myriad of info on them.
They have loyal members who seem to be happy with the club. They offer commissions to those in the club to recruit new buyers. I don't like that.
Maybe go to a meeting and see what you think. I signed a thing at a property show and get Emails. I was going to go to a meetup out of curiosity but only the beginners ones were after work hours so I couldn't find anything suitable for me.
Like Catalyst said – there's no shortage of information on TIC – both from a general google search and on this forum.
With any sort of property club – find out what's in it for them. How do they make their money? What do you get in return?
Personally, I'm not a fan of these mode of investing. I'd prefer to either locate my own properties or engaged an independent buyers agent.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
As has been mentioned just do a forum search on both the Club and their founder and you will get a variety of responses.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
For anyone considering doing business with TIC you may want to check out the following links:
http://www.sunshinecoastdaily.com.au/news/victims-reveal-rogue-swoops/1855222/#.UmcrxHFcbGU.email
I think this is appalling when The Investors Club motto is "we alone protect buyers" and treat their club members like this!
You be the judge!
My parents and I have been a member of the club since 2003, when my parents bought their first investment property with them. They were good for inspiring you to invest, but both of us only bought our first through the club and then went on to do our own research and investing.
I have dealt with the club and its members in South East QLD as we air conditioned a lot of the properties for members and we worked for TIC Realty for the air conditioning maintenance side of things. I have found that while they're great for inspiration, the education side is a little lacking as to what you do next after purchasing the property ie: long term planning. I haven't purchased anything through them since I purchased mine in 2005, and the club is very different now than what it was when it started.
Their mantra that you 'never never never sell' can be damaging as there were many highly geared mum and dad investors during the boom time that came undone during the GFC (don't get me wrong I support long term investing, however I think that reality sometimes changes your plans and you need to change with the times). My parent's townhouse that they purchased with them has double in the 10 years that they predicted, however mine at 8 years is actually back down to its original buy price in 2005, but as a very long term investment I'm not concerned if it doesn't double.
I would go to some meetings and see how they do it, and learn what you can. I believe there is a lot more than 1 way to make money through investing and you need to find the right one for you. They might have some good ideas that help you out, but I certainly don't encourage people to follow one strategy blindly.
Good Luck!!
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