Has anyone had any dealings with a property investing group called Designed Portfolio Investments which operate out of Ipswich? I'd be very interested to hear of your experiences.
Must admit never heard of them.
Do they have a website we can look at and make comment.
I very much doubt they are a property investing group more of a property marketing group who no doubt out their hand out for a nice fat commission cheque on each settlement. Remember these guys dont do anything for nothing.
Richard Taylor | Australia's leading private lender
Hi,
I have to 2nd Richard's post – do you have any further contact details for this group.
I am in the Ipswich area and havn't heard anything about them recently but would like to see what they do.
Thanks
Sharlene
[email protected]I did a google search and nothing came up under that name, …. they must be very new ……
Martin
We're doing a small development in Raceview and have never heard of them … give me their names and I will check them out with all the licensing authorities … who are the directors – are they licensed – are their sales people licensed – what is their strategy – who are they selling for, what developments are they marketing.
You can save thousands of dollars dealing direct and bypassing sales people, if thats what they are … you can also do a search on http://www.asic.gov.au and see how long their company has been registered.
D
Hello FOGCHAT …. where are you,
Designed Portfolio Investments is not a PTY LTD company and is only a registered business name …. so who are the trading under Fogchat and do you work for them??
BN17365089
I suspect they are a property marketing company charging $30,000.00 plus commission which is common with these types of people …. I have copied your request to the department of fair trading to see if they are licensed but i suspect they are not.
You don't need to purchase property through these types of organizations … buy a block of land and contract the house to a reputable builder like Masterton Homes, Choice homes or similar … Choice will build a turn key 22sq/m house 4 bed with air for about $165k + land
Marketing companies will be a dying breed as they will all need to become IPA compliant and licensed and most sales people just want to sell and earn big commissions but the ASIC has another view … real estate agents, financial planners and other licensed groups are pressuring this point.
D … http://www.smartacadeny.gov.au … good licensing college for you fogchat
wealth4life.com wrote:Hello FOGCHAT …. where are you,Designed Portfolio Investments is not a PTY LTD company and is only a registered business name …. so who are the trading under Fogchat and do you work for them??
BN17365089
I suspect they are a property marketing company charging $30,000.00 plus commission which is common with these types of people …. I have copied your request to the department of fair trading to see if they are licensed but i suspect they are not.
You don't need to purchase property through these types of organizations … buy a block of land and contract the house to a reputable builder like Masterton Homes, Choice homes or similar … Choice will build a turn key 22sq/m house 4 bed with air for about $165k + land
Marketing companies will be a dying breed as they will all need to become IPA compliant and licensed and most sales people just want to sell and earn big commissions but the ASIC has another view … real estate agents, financial planners and other licensed groups are pressuring this point.
D … http://www.smartacadeny.gov.au … good licensing college for you fogchat
foghat wrote:wealth4life.com wrote:Hello FOGCHAT …. where are you,Designed Portfolio Investments is not a PTY LTD company and is only a registered business name …. so who are the trading under Fogchat and do you work for them??
BN17365089
I suspect they are a property marketing company charging $30,000.00 plus commission which is common with these types of people …. I have copied your request to the department of fair trading to see if they are licensed but i suspect they are not.
You don't need to purchase property through these types of organizations … buy a block of land and contract the house to a reputable builder like Masterton Homes, Choice homes or similar … Choice will build a turn key 22sq/m house 4 bed with air for about $165k + land
Marketing companies will be a dying breed as they will all need to become IPA compliant and licensed and most sales people just want to sell and earn big commissions but the ASIC has another view … real estate agents, financial planners and other licensed groups are pressuring this point.
D … http://www.smartacadeny.gov.au … good licensing college for you fogchat
Hi D
Thanks for replying.
I don't work for them, rather I've been on the receiving end of bad advice and poor project manangement by them.
Their trading name is Duppen PTY LTD.
They offer business and property training. Only you have to pay a joing fee to participate in their JVs in which they do "all the work" ie source properties, renovate or build. For this they charge 10% proj mgt fees, then if you sell they take 50% of profit AFTER all expenses.
Trouble is they are severly under resourced, are inexperienced, and are at best "enthusiastic amateurs".
Regards
Foghat
Charlie MFS wrote:Hi,I have to 2nd Richard's post – do you have any further contact details for this group.
I am in the Ipswich area and havn't heard anything about them recently but would like to see what they do.
Thanks
Sharlene
[email protected]Hi Sharlene
Thanks for replying.
I don't work for them, rather I've been on the receiving end of bad advice and poor project manangement by them.
Their trading name is Duppen PTY LTD.
They offer business and property training. Only you have to pay a joing fee to participate in their JVs in which they do "all the work" ie source properties, renovate or build. For this they charge 10% proj mgt fees, then if you sell they take 50% of profit AFTER all expenses.
Trouble is they are severly under resourced, are inexperienced, and are at best "enthusiastic amateurs".
Regards
Foghat
Qlds007 wrote:Must admit never heard of them.Do they have a website we can look at and make comment.
I very much doubt they are a property investing group more of a property marketing group who no doubt out their hand out for a nice fat commission cheque on each settlement. Remember these guys dont do anything for nothing.
Hi Richard
Thanks for replying.
I don't work for them, rather I've been on the receiving end of bad advice and poor project manangement by them.
Their trading name is Duppen PTY LTD.
They offer business and property training. Only you have to pay a joing fee to participate in their JVs in which they do "all the work" ie source properties, renovate or build. For this they charge 10% proj mgt fees, then if you sell they take 50% of profit AFTER all expenses.
Trouble is they are severly under resourced, are inexperienced, and are at best "enthusiastic amateurs".
They don't have a website.
Regards
Foghat
Hi Foghat,
Thanks for that info, I will be sure to make others aware should they mention them.
Sharlene
[email protected]The best way is to complain to your local member … the ASIC and ACCC are useless – your local member will put pressure on them from a higher perspective – also they sound like they are giving you ADVISE there fore they need a license …
D
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