RUN
you will learn more learn from Books, magazines, seminars and people on this forum
without spending 45k…
I'll do it for 25k lol at the monet there are plenty of places around with a 10%+ return look harder research more…
Wheres are good place to look at suburb growth, stats etc?
You're already on track – you're using the Forum as it should be used – for doing your due diligence on a scheme before parting with funds.
Funny how the funds are up front and real money, and the promises are scheduled to be delivered later and haven't materialised yet, and $45K !!!!! Struth.
$45K is another house as you already know, suggest you keep learning fast, as you are doing now, and get your 'financial education" working for you, and don't go giving away houses.
Also suggest you have a chat with one of these finance brokers on this forum who have thousands of posts because they have been helping forumites here for years, because the ability to make serious money is not only determined by the quailty and profit on each deal but also determined by your ability to structure your investment vehicle (eg. trust, company, whatever) and to continue to finance more deals.
Good luck
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hey Andrew,
DO NOT give this guy your $45K.
Have a look at this article:
http://www.heraldsun.com.au/business/barefoot-investor/lambs-to-slaughter/story-e6frfim6-1111117848906They are scammers!!
Oh and here's another:
http://blogs.news.com.au/heraldsun/barefootinvestor/index.php/heraldsun/comments/watch_out_sharks_aboutAndrew, go and find these guys on Google…
If anyone is asking for exorbitant fees, go and google these companies first. If it looks like a rat and smells like a rat, it probably is a rat.Good luck!
this sounds like serious… certainly a scam.
quite possibly worse.how did this bloke find you?
run fast.
you could bring it to the attention of the authorites too. i doubt the bloke and his 8 mates are legitamate in any sense of that term.
run and get some quality advice from others who will not charge anything like $45000, or make claims that are not based on reality.
AndrewH wrote:He recons he can gurantee 10% per annum return ATLEAST!, the prob is his Fee is $45,000, he says he will do all the paper work from the bank, solicitors, purchase of the property , looking after the property, rental tentants, insurance Etc. He works with around 8 people, who have been in the investing industry for a long time now. He says one of his people even rubs shoulders with the councils to determine plans for the suburb etc.Hi Andrew,
Personally I think $45,000 is quite a lot, and even if he can 'guarantee' 10% per annum it would still not be worth it, as you would still be losing money. Rather than spending such extravagant amounts of money, you would be better off spending a few hundred dollars buying reports from http://www.residex.com.au/
Regards,
Kong
Why not ring this bloke you advertised on an earlier post as he might have a friend who can do it for you for nothing.
Just to let everybody know i have came across a great person willing to give free advise from experience and as well as helping you obtain all kinds of loans. Feel free to call me anytime so i can pass on your details 0420-496-076 – Andrew.
Kind regards.
Richard Taylor | Australia's leading private lender
AndrewH = 0420-496-076 = barefootinvestor…= ?SCAMMER
trying to entertain in this forum…!!!! very funy
there are plenty of companies that will buy you property mate, they are probably a lot better at finding high growth property than us beginers. the average fee was about 10k which includes helping you set up your finance structure, get loans etc then review your portfolio each year or two to see if you can buy another one. they do not sell property, they are purely buyers advocates that you pay a fee to find you a property.
some of the ones i researched are capital 360, property planning australia and alliance corp. they all seem fine if you dont have any time to research properties and on average, i think the houses/units they find would return more than most mum and dad investors. that being said, you need to make an extra 10k just to cover their fee.
it depends if you enjoy property. they do also educate you, so that you can start out on your own once if you so desire.In the end it's up to you, i would recommend these guys if your time poor and cash rich, however if you have lots of time and are interested in property, there is no reason why you cant find properties yourself.
I think you will find groups like property planning australia will help you with finance and structuring as well for no fee as they are acting like a broker, so the bank pays them commision for approved loans.
Good luck mate, it's a good plan, Just make sure u can service the loans.. . if you catch the property bug and want to buy more houses more often, growth properties are harder to do so, as they are generally negatively geared thus sucking up your income, which means you can borrow less….banks also only take into account 75% of rental income when calculating how big a loan they will give you as well..
cant believe you are even contemplating this, he is the only person getting a g'teed return
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