- BuyersAgentParticipant@knightmJoin Date: 2005Post Count: 338
any other buyers agents people would recommend for buying through for positive cash flow properties under market value?
Waydo there are a few out there, it really depends more on your brief. I have grabbed a few for clients in my time (and 1 or 2 for myself ;) It really comes down to how you define +cf, what measures you are using, what locations you are prepared to consider, and how much work you are prepared to take on (ie reno). Finding cf+ in regional NSW for example is not that hard at all. The trick is finding something of good quality, in a growing area, with good cf and potential for some equity growth too. Just getting $5pw +cf out in the absolute sticks with population falling and no cg is pointless and won’t build wealth. Secondary locations are totally fine, as long as you time the cycle right, get in at the right price, and are ready to add some manufactured growth and repeat the process a few times. The balance of growth and cf across a portfolio is key.WhistleblowerParticipant@whistleblowerJoin Date: 2023Post Count: 0
Stay Away, stay away, stay away from Be-wasted….
My experience with Be-Invested has been incredibly disappointing. I bought two properties from them at the listed price without any negotiation, only to discover after a post-purchase valuation that their claim of buying below market value was completely untrue. Despite paying a hefty agent fee of AUD 46,000 for these deals, I have regretted my decision ever since. It seems that paying a buyer agent fee doesn’t serve any purpose in the investment process.
Additionally, one of the properties I purchased has turned into a financial nightmare, requiring approximately AUD 70,000 to make it livable due to serious issues. Even though I followed Be-Invested’s due diligence instructions, I suspect they don’t conduct thorough research and merely send random links from real estate websites to their clients.
I’ve attempted to contact Nathan and the admin team multiple times via email about this problem, but I’ve received no response, indicating a lack of concern for their clients and a focus on exploiting individuals for financial gain.
Based on my terrible experience with this agency, I strongly advise others to be extremely cautious before dealing with them. Also, it’s crucial to carefully examine their contract, especially the clause that prohibits buyers from purchasing property within a 40 km radius for a year, which I found both intimidating and offensive. It’s important to note that the agency has access to your personal and financial information for an unspecified period, underscoring the need for caution and thorough research.
While property investment can be a great source of passive income, when you factor in the buyer’s agent fee, you might end up paying the equivalent of three years’ worth of your income.
After I posted several reviews on social media, Be-Invested threatened me with defamation and demanded that I delete the reviews. However, after consulting with a legal professional, I was advised that there was nothing wrong with sharing my experience of their service through a review. Here is a link to a news article detailing their exploitation of innocent people.