Forum Replies Created
Well guy's you might think i have a chip on my shoulder,,,,, However if a company forced your retired parents to return to work as their investment strategy had backfired due to the way it was structured you may have a bit of a chip as well. I have done a lot of research on this company as i needed to find out for myself what kind of company could operate like this. If you think that my comments are extreme, let me ask you how you would feel if it was your family???
Members Alliance offer financial freedom however forget to tell you that they have 2 sides to their business.. Members Alliance: their marketing arm…. who telemarket suggesting they can offer financial freedom however this is just marketing for the other side of the business SS Residential who are the develoment side of the business. SS Residential dont own the land until you make payment to which they make roughly $70 – $90K per deal.. They started in WA over 7 years ago have now moved into Queensland and want to try and move into Sydney and Melbourne. My associated who are developers from Melbourne are currently trying to block them… Smart move if you ask me.
This is one of those companies that we have all heard about however dont be fooled…. From someone who knows the company well…. All i can say is buyer beware… The line of credit so to speak is actually monies that you have been forced to borrow they say that this is for a rainny day however purchasing through this company will only bring you a lot of rain. The other side of the coin. They use "independant valuers" do yourself a favour and have a bank check the value closely they always over value to ensure that the banks look favourably however they never measure up to market value, not to mention the rental return does not come up to the line… Has anyone else commented on the fact that one of the main directors has previously gone belly up through his previous company and now has a multitude of company trading names…Not what i would call a reputable company
