List of Property Spruikers

Direct Property Network or DPN

First Floor / 48-52 Cronulla Street

Cronulla NSW 2230

They claim to have offices in all states, but they don't actually rent them or have any staff there. Check out there office in Cronulla, nightclub toilets?

https://www.facebook.com/photo.php?fbid=504852846228088&set=a.471127339600639.104475.201736579873051&type=1&theater

https://www.facebook.com/photo.php?fbid=471127352933971&set=a.471127339600639.104475.201736579873051&type=1&theater

Shiny offices, Shiny suits & Shiny shoes, and of course great big shiny smiles. These guys are mudguards charging 7%-9% marketing Comm's. 

Basically anyone who invites you to a free seminar on PI, +ve CF, buying property in super etc and then having a list of properties to choose from or roping you in to buying some expensive mentoring/education course.

G'day Henry and others; I certainly don't have a list but I can comment on two Queensland companies.  I personally own four investment properties but foolishly invested cash  in a property syndicate to 'spread the eggs'.  Worst idea ever!  To the best of my knowledge, both The Investors Club and Custodian Wealth Builders provide sound investment training (ie principles and strategies).  I have strong reservations about purchasing stock through their medium although acquisition by this means will suit some who can afford the oncosts and want to avoid many of the hassles attendant to personal involvement.  I personally prefer to apply the sound principles espoused in books by Margaret Lomas, John Fitzgerald etc.  However, there is often a difference between what one writes and what one practises.   My greatest concerns lie in the 'Razzmatazz' approach adopted by Custodian Wealthbuilders (John Fitzgerald) who certainly put on a good show but are subject to the usual downsides when one peeks under the skirts.  Avoid at all costs any cash investments into Custodian property syndicates!  While some may make a return in very good times, they are fraught with hidden problems and the bulk of any returns is sucked out by the principals very early regardless of the success of the project.  READ THE PROSPECTUS SMALL PRINT THOROUGHLY AND YOU WILL NEVER SIGN UP!!  Seminars and workshops provide hype and all sorts of verbal/loosely written assurances.  The bottom line: – totally-unsecured capital, indefinite tenure (a registered company until wound up) and absolutely no investor control over the management and execution of the project.  When it all goes bad, the unsecured creditor waits at the end of the line while everybody (and I mean EVERYBODY ELSE) consumes the residue left by CWB. As an example, CWB/ Custodian Land project at Cunningham Rise, Goodna was touted as projecting a 45% return over a 31 month term – reasonable at face value.  The facts: the management was incompetent and hugely overspent with sales slowing while keeping the shareholders in the dark.  Then all capital (other than a 17% initial return) is retained until at least June 2016, at which time investors might expect a further 29% of original capital at current estimates.  Projected result?  Instead of a 3 year safe investment – Projected 54% capital loss after six years and zero dividend. Of course, JLF walk away with millions.  Their Victorian project is not much better.   While the company will claim (correctly) that the buyer should beware; this ignores slick marketing, very loose initial verbal/written assurances and cleverly-hidden, vital information all designed to misrepresent or mislead.  The bottom line is that Custodian and others would never attract investment capita lfor their developments if they promulgated the true contract conditions in clear, everyday language.  John Fitzgerald is marketed as a clean-cut, whiz kid out to save the world and his disciples bolster that image.  Don't be fooled!  These guys are ruthless, rip extravagant fees and commissions out of every project, outsource project servicing to their advantage and are happy to gull keen investors into socking hard-earned superannuation into their self-serving projects.  They are legally secure and happy to retire behind the Corporations Act when called to account.  ASIC probably can't touch them.  That's why they are millionaires.  Stick with property and use their experience and knowledge by all means – but never invest with these sharks. I trusted them …never again!   If you feel that this is sour grapes, ask yourself if you really want to consort with men and women lacking integrity and who are happy to hazard mums' and dads' savings without any safeguards, while furthering their own gross interests from behind the protection of legally-disassociated entities and corporate law. THERE ARE NO PROTECTIONS IN LAW AGAINST THESE TYPE OF OPERATIONS.

Not everyone who involved in the industry is a ripe off merchant but a lot are. The secret is always do you own due diligence and do not take anyones word for anything.

I even tell my mentoring students if I make a suggestion do not take my word for it do your own due diligence because at the end of the day its there money not mine.so spend the time and do your due diligence carefully before committing your money to anyone.

Most come from marketing companies who run seminars or education seminars where the sole aim is to sell property. For instance the reason companies sell house and land to investors is because there is at least a $30,000 commission in place.

America is a great place to invest but full of spruikers and well meaning people who do not know what they are doing.

The secret  to successfully investing anywhere is the location but also who you deal with. Who you deal with will determine whether your invest is great or a nightmare. I believe a lot of people may have lost money however they just don't know it yet.As an example many of the so called sellers are wholesalers and are not even based in the cities they are buying you property in. There are people in Australia who have not met the suppliers they deal with 

The fact is that there are great deals in America especially as the markets are now recovering. 

The good news is that a number of people on this site do have great advice such as Jay and engel.

I have been involved in the US market since 2005 and have a full time business partner on the ground who not only understands the residential market but is also a commercial specialist. So if you are considering investing in Americia look at the following check list

Are they based in America or do they have a partner in the state or city in which you are buying.?

Have you established the correct tax structure and tax file number for your LLC?

Do they personally inspect every property they buy for you?

Do they supply full property management?

Has anyone come across Paul Bieg from Big Property investments. He sells properties in Queensland and Western Australia in mining areas. I am interested in understanding if anyone has come across Paul and if they have invested through him

Has anyone dealt with DPN from Cronulla NSW