Property Club - previously The Investors Club

Discussion in 'Caveat Emptor (Buyer Beware)' started by The Fox, 20th Nov, 2014.

  1. The Fox

    The Fox Member

    Joined:
    11th Jun, 2010
    Messages:
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    Location:
    Sydney, NSW
    It seems that this forum has hosted some threads about The Investors Club in the past, but probably due to legal threats from Kevin Young they all appear to have been closed off now.

    It's a pity because in recent times the Property Club have been featuring in a lot of negative media stories which have exposed many member disaster stories now emerging from the club. Members in serious numbers continue to get badly burnt when following the advice of the Club and Kevin Young.

    Meanwhile Young denies everything and tries to convince the public that everyone is happy with his club and doing famously.

    Anyway I will refrain from making any further comments and let you decide for yourself. Below are some of the links to the media articles recently coming to light. The last one is from 2002 and is very interesting as it covers Young's real history and background and shows how little has changed since then.

    http://www.dailytelegraph.com.au/ne...0-monthly-outlay/story-fnlrw4is-1227062072443

    http://www.abc.net.au/7.30/content/2014/s4065976.htm

    http://www.yourinvestmentpropertymag.com.au/mistakes/the-dark-side-of-property-investing-141575.aspx

    http://www.news.com.au/finance/real...ack-dud-property/story-fndbarft-1226775345110

    http://www.smh.com.au/news/national/you-can-bet-your-house-on-it/2008/02/08/1202234167210.html

    http://www.news.com.au/finance/real...ack-dud-property/story-fndbarft-1226775345110

    https://dl.dropboxusercontent.com/u/69824580/MEDIA - 2002 - Thomas and Marx.pdf

    No doubt we will now get the club Support Members and Branch Managers all on this forum claiming great success with the club. If they do just remember these people are all unlicensed sales people all have their noses in the trough and benefit from sales commissions that the club makes when selling a club recommended property.

    Caveat Emptor!
     
  2. Jamie_

    Jamie_ #1 Procrastinator

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    Location:
    Perth, NOR.
  3. The Fox

    The Fox Member

    Joined:
    11th Jun, 2010
    Messages:
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    Location:
    Sydney, NSW
    The spin doctoring that Kevin Young and his new PR Manager, Patrick McGuire from Marketplace Communications knows no bounds. As the negative publicity continues to roll out in the media along with dozens of examples of club members who have gone broke having followed the clubs advice, Kevin and Patrick cling desperately to their press releases and other propaganda blaming everyone and everything else.

    "It's the GFC's fault" he spruiks when questioned about the growing list of examples of club members who have held properties for the long term (7 - 10 years) which are currently fetching hundreds of thousands less than members paid for them.

    What a load of rubbish. There is no doubt that the GFC curbed property prices to some degree, but he cannot reasonably expect us to believe that this is what caused the losses of up to $500,000 on some Club recommended properties. Where are all your members who have genuinely retired using the Kevin Young Retirement Plan? As for the 4000+ members in their property Millionaires Club. Well that number may have been admitted as members but it doesn't mean they are true property millionaires does it Kevin? This is typical of the false and misleading sales and marketing propaganda being released by the Club.

    Remember the Club is really a property marketing company selling property on behalf of (mainly) developers. They derive a direct income from selling property and are therefore sellers agents not buyers agents as they often portray themselves to members.

    I think that inexperienced property investors could do well distancing themselves from any property marketing company that pretends to be acting in their best interests, when clear evidence exists to suggest they are only acting in their own.

    Here's just another nail in the Club's coffin that appeared in the media recently.

    http://www.dailytelegraph.com.au/ne...224451859?nk=9e61d5a98f5bf4c3ca313c3807149ddb

    Again I say "Buyer Beware"
     
  4. Peter_Tersteeg

    Peter_Tersteeg Finance broker/strategist

    Joined:
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    Melbourne
    That's a bad excuse. Whilst many locations did contract a little in late 2008, only the most volatile areas really suffered. Given what most property sprukers claim to stand for in terms of research, they should never have been in these areas. Within 6 months of the GFC, with lower interest rates almost every market had fully recovered and was getting ahead. There was further capital growth almost everywhere for several years after the GFC.

    The GFC was not a valid excuse for being in a negative equity position by late 2009. Certainly things were tough during the GFC, but any investor that managed to hold on through that, or invested well during that time, came out well ahead shortly afterwards.
     
  5. jippa3000

    jippa3000 Blding Design Consultant

    Joined:
    3rd Nov, 2012
    Messages:
    44
    Location:
    Melbourne, South East
    Has anyone read his right up on their website about himself? I don't know about you guys but to me there are just too many red flags. Comments like his mission is to double Australias millionaires because that's his good deed to society and another saying he is the largest private owner of residential real estate in Australia is just a blatant lie! I know 2 people that are over that number, one is over double and the other at around the 250 mark.

    Put this one on the do not go near list, NEXT!
     
  6. redwing

    redwing Progress Not Perfection

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    What's Kevin's number Jippa :confused: