Has anyone had any dealings with Positive Property Solution from Adelaide?
I have a family member who has and it hasn’t gone well.
I was looking for advice on how to report them (and to who)JaxonParticipant@jaxonaJoin Date: 2014Post Count: 282
Well firstly I would get that family member to make the claim, seek legal advice to lodge it,
so I would call a few local firms and get an idea of who they suggest it goes through, could be small claims or Lawyer up.
but really chat to some legal professionals and get real advice mate, from someone who explains things in a way you understand.
Thanks Jaxon, I will pass that on.
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.JaxonParticipant@jaxonaJoin Date: 2014Post Count: 282
So I operate and am heavily regulated by mainly ASIC.
It sounds like, in Georges case he is simply giving advice on property and has no body that regulates him and is just a sales rep.
to be fair some level of earnest must go on to the consumer to review if its right for them, but if you feel he acted unethical, illegal or misleading contact a lawyer mate.
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.
Property Game Plan courtesy of Positive Property Solution. Unbelievable that this is available on youtube…very unprofessional IMO
There are so many errors in this presentation I don’t know where to start. I feel sorry for the couple.