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Thanks Sienna for your comments.
I too wrote to Neil Jenman and i didn't get a reply at all. He left a lot of information out of one of his stories on the internet, it's easy to make something look bad when you leave out most of the facts!
The property we recently bought in Townsville WAS listed on the open market with realestate.com.au for $10K more than what we paid through TIC. TIC are able to secure better prices for their club members with direct negotiations and relationships with buiilders and vendors, along with lots of other benefits, sometimes even furniture packages. We did and continue to do alot of research both within and outside TIC. We are very happy with what TIC offer and do for us, so why knock us? Hey maybe it's not for everyone, but i thought in this country we had freedom of speech. Why would reputable builders (around for 25+years) negotiate with TIC if they were a dodgey outfit? Who knows who cares, i am here to say, it's my decision and i advise anyone always to check things out to make sure they are comfortable with it first. If it's not your cup of tea then so be it …AFTERALL WE ALL HAVE A RIGHT TO AN OPINION DON'T WE??Did anyone mention TIC??
my husband and i love them, we were skeptical at first, and treaded carefully.
Attended one meeting to start with (free) aback in 2004 nd learned some information that was very helpful to use with our existing rental property.(which we have now sold due to some bad advice from our accountant) We didn't get along to another meeting for another 4 years and this time we jumped in feet first. The reason so long between visits was we had a wedding to pay for, bought our own house, and saving for renovations & paying off the mortgage – we generally thought we didn't have the right finances available to invest in more property during this time. We attended the next meeting earlier in 2008 and haven't looked back.
We've had many meetings, lots of 24hour phone support, help from mortgage brokers and interesting club dinners with guest speakers of various kinds learning so much more than we had ever realised we were capable of. We've met many interesting experienced people willing to help us with information on anything and everything. Its refreshing and motivating learning from people that have done it all before and only interested in offering positive support. I'm tired of the club being knocked for what they do. All their support o us has been free and uncomplicated. It's not cost us anything to be a member and we've bought our first property which has already increased in value and it's not even built yet, also the rent has been valued at $30 p.w higher than when we first bought it 3 months ago. Someone said to me the club gets a cut from each sale….well why shouldn't they? They do a tonne of work for us and if we had bought through normal methods a real estate would still get some commission anyway but he wouldn't be looking out for our interests whereas TIC does.
I say don't knock it until you've really tried it, going to a meeting doesn't count, get involved and you will reap the rewards within 5 – 10 years. We are already reaping our rewards as it's cost us nothing from our weekly budget to acquire this new $423K house which looks like it's made us another $20K in just 3 months. equity mate equity!! you gotta love it.if you want to know about the law you see a lawyer, if you want to know about something medical you get advice from a doctor, if you want to advice on computers you see an IT expert….so if you want to know about the investors club why don't you get advice from them and stop listening to the negative people. If you haven't done it yourself then you're not qualified to comment. Some of our family are worried and skeptical but they are like that about everything, they are from the old generation that thinks completely different about investment property plus they've never done anything like this before so how can they judge? I also recently discovered that several people i work with are in the club also so it's spreading. Hey i don't care if anyone wants to stay away from it, that just means all the good properties and the rewards in a few years will be mine, more for me to choose from. My husband and i are looking at financial freedom and retire within 10 years on $100,000 tax free income each.
My son has recently joined at age 28, he'll be retired and 38 now isn't that worth thinking about?
If everyone thinks it's soooo bad then why is it sooo successful, you only had to see all the people at the SA state conference on setp 21st to see it's working and most of all it's FUN!!
cheers
Louise
