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From: Anonymous
Any had anything to do with this firm? I have and feel i have been taken in. Its been alleged that they "prey on inexperienced investors>" My experience is as follows they came across as very credible and most professional. There offices are most impressive. I bought a place with them in the outer Melbourne Western Area. for about 190,000, good facilities around walking distance from Victorias newest rail station, (all electric trains now) good shopping within walking distance surrounded by schools, child care centres etc. safe and pleasant development. At first great, rental guarantee, for 6 months, tricked into an annuity.
Across the road you can get a new 3 bedroom home built for 165,000.
After 3 months no tenants.
This is my 1st IP. Going thru the purchasing process, they recommended some financial advisers, to arrange loans. I was green and had no idea what a LOC was etc. So I had the mistaken idea that Harvard would be acting in my best interests in recommending these financiers. they did not force me to use them, but trusting them they set up a LOC and an interest only loan, for a fee of $2,300! I paid not the lenders. Imagine how I felt when recently I discovered Mortgage brokers, who can arrange your finances, without you charging you one cent. Advice suggests that the guys "Direct Capital Advance" would have also got a commission from the lenders!! Now I was not forced to use these people, but at no time did Harvard tell me about using a Mortgage Broker as an option.
so its not nice to be found you have been done!! So new IP investors u are lucky to have this site, wish I knew of it before I started.
Any had anything to do with this firm? I have and feel i have been taken in. Its been alleged that they "prey on inexperienced investors>" My experience is as follows they came across as very credible and most professional. There offices are most impressive. I bought a place with them in the outer Melbourne Western Area. for about 190,000, good facilities around walking distance from Victorias newest rail station, (all electric trains now) good shopping within walking distance surrounded by schools, child care centres etc. safe and pleasant development. At first great, rental guarantee, for 6 months, tricked into an annuity.
Across the road you can get a new 3 bedroom home built for 165,000.
After 3 months no tenants.
This is my 1st IP. Going thru the purchasing process, they recommended some financial advisers, to arrange loans. I was green and had no idea what a LOC was etc. So I had the mistaken idea that Harvard would be acting in my best interests in recommending these financiers. they did not force me to use them, but trusting them they set up a LOC and an interest only loan, for a fee of $2,300! I paid not the lenders. Imagine how I felt when recently I discovered Mortgage brokers, who can arrange your finances, without you charging you one cent. Advice suggests that the guys "Direct Capital Advance" would have also got a commission from the lenders!! Now I was not forced to use these people, but at no time did Harvard tell me about using a Mortgage Broker as an option.
so its not nice to be found you have been done!! So new IP investors u are lucky to have this site, wish I knew of it before I started.
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