I’m trying to understand if there is a regulatory body that covers the type of advice George Markoski from Positive Property Solution gives on property investment. By his own admission, George Markoski has no financial advice qualifications and I am unsure how he gets away with providing advice to people, especially advice which, in my opinion, is grossly incorrect and deceiving.
He is promoting a service to “help ordinary Australians” become property millionaires and achieve “financial freedom through property”. For this service he charges $11,997 for a lifetime membership. His advice/service includes sourcing properties and referrals to what he calls his circle of safety which is a group of select individuals (conveyancers, developers, brokers, insurers, accountants, etc) which he also earns a commission from.
What he doesn’t disclose at any point is that only those with very high incomes have any chance of buying the number of properties required to achieve this. They find this out only after joining his membership and realise they don’t meet lender’s serviceability requirements. No refund is given. People are literally paying him $12K to buy one, maybe two, properties…its just wrong he is able to get away with it.