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Alex, I don't think this was a failed "scheme", I believe it was a very successful "scheme" for the people that introduced it. I agree we need to let the "average Jane/Joe" know about what is/can happen. As you are savvy to investments and the Sydney area, can you point us in a direction to...

My wife and I are in a very similar state. We took a second mortgage on our home as a down payment on a hotel unit that was always referred to as an "apartment". We also took out another mortgage against the hotel unit as well. Hundreds of sheets of paper guaranteeing everything all signed by...

Y-man, is it only here you are hearing about it or is it in the media as well. I very much assure you we do have a "wolf" amongst us.

I was like you and had no idea where to start. Here in NZ I used an agent/advisor that set up everything from lawyers, accountants, bank loans, the works. I had written guarantees of rents with increases every year, maintenance, and even a buy back at a prearranged price. I used the equity we...