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From: John H
Hello
I am preparing to dabble in investment property when I receive a retrenchment pay out in a couple of weeks. An investment group has been discussing exactly this option with me already.
They recommend buying townhouses or units close to the CBD as they say these offer better returns and benefit more often from the "ripple effect" when values increase. They have also told me that, although I will benefit from their extensive assistance, I won't have to pay them anything as they are paid by the vendors selling the properties.
This makes me extremely uncomfortable as it appears to me that they are simple real estate salesmen looking to cash in on property investors.
What do others think about this? I won't name the group but I am in Brisbane.
Thanks
Hello
I am preparing to dabble in investment property when I receive a retrenchment pay out in a couple of weeks. An investment group has been discussing exactly this option with me already.
They recommend buying townhouses or units close to the CBD as they say these offer better returns and benefit more often from the "ripple effect" when values increase. They have also told me that, although I will benefit from their extensive assistance, I won't have to pay them anything as they are paid by the vendors selling the properties.
This makes me extremely uncomfortable as it appears to me that they are simple real estate salesmen looking to cash in on property investors.
What do others think about this? I won't name the group but I am in Brisbane.
Thanks
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