The investors club limited

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From: Craig Askings


Hello everyone,

I've been lurking here for a week or so just soaking up the knowledge that is
floating around in this forum. I must say I'm pretty impressed.

Any way on to my question, has anyone in this forum dealt with The investors
club limited (www.investclub.com.au)? I've had a look at there website but
haven't contacted them yet. But from what I have seen I'm thinking where is
the catch...

thanks,
haakon.
 
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Reply: 1
From: Michael G


My advice,

Search through the archives for your answer. Its been discussed before.

But if you want to know. Just asked them to disclose all the fees and charges and payouts that the;

- main company takes (for admin)
- the state manager takes (for travel and organising)
- the reginal manager takes (for meeting and finders fees).

This is factored into the purchase price.

Michael
 
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The investors club limited NEVER

Reply: 1.1
From: Anonymous


From reading the past posts it appears No One would want to deal with them.

Any other ideas?
 
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The investors club limited NEVER

Reply: 1.1.1
From: Ric1 .


I deal with them. I find them OK.

Ric
 
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Reply: 2
From: Felicity W.


haakon
I think in the end it all comes down to due diligence. If they are selling the sort of property you want to buy, and you feel it fills your criteria, then buy it.
There are plenty of ways to skin a cat (sorry cat lovers!) and there are many different paths to financial freedom through IP. If this style of property is what you want, do it. If you want to flip or renovate or wrap or build or .... then do that.
In the end, though, it's up to you to determine whether or not something is a good investment for you, don't just accept what a marketer tells you.
Keep smiling
Felicity :cool:
 
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Reply: 2.1
From: Tom Siviou




Let me tell you where the catch is with the investors club. They get a 12% commission from the vendor/developer. Hows that. Not bad eh. And oh yea, they have to work through a real estate agent so the thing can be sold to you who is also in for 3%. Who do you think ultimately pays for that. Its not a trick question and the answer isnt the vendor/developer.
 
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Reply: 2.1.1
From: F. F.


Refer to Australian Financial Review Aug 19,2000. Back copies on fairfax website. The IC gets approx 6% commission. Approx breakdown is 2% - support member, 2% branch manager and balance to head office. But as Felicity says if the property suits buy it. I recommend going along to one of their meetings in your local area as a means of getting some more knowledge about IPs and a process that may or may not suit you. There is no hard sell and as a starting point the meeting can be useful. I have still bought one property through the IC as it did suit us at the time. Now looking for another whether or not we buy through IC will depend on the numbers.

Derek
 
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Reply: 2.1.1.1
From: Ian Findlay


I feel that as a generalisation clubs like the Investors Club are a great
idea. They help and encourage people into the property market and allow
people to take a proactive interest in the investments and their retirement
future. Yes, the properties the IC suggest are overpriced for what they are
but as you "never never sell" you never never find out.

They are a great learning experience and give their information away free
unlike many other seminars. They also take much of the mystery out of IPs
and painlessly hold your hand through the whole process. As such they are
great for the IP beginner, perhaps without the knowledge or the inclination
to do the necessary homework, who can buy relativly safely and securely.

As investors get more confidence they can spread their wings, emerge from
the IC nest and do property investment for themselves. For the more
knowledgeable investor much better deals can be found elsewhere

I'd strongly suggest beginners go to a few IC meetings (there is no fee and
no hard sell) to pick up as much info as possible. Gain confidence and
knowldge, then take the plunge with or without IC. He who hesitates for too
long is lost.

By the way I am totally unconnected with IC except for going to a few of
their meetings,

Ian


----- Original Message -----
From: "propertyforum Listmanager" <listmanager@bne003w.webcentral.com.au>
To: <Recipients of 'propertyforum' suppressed>
Sent: Sunday, May 20, 2001 10:23 AM
Subject: The investors club limited


> From: "Derek Jones" <ddjones@omninet.net.au>
>
> Refer to Australian Financial Review Aug 19,2000. Back copies on fairfax
website. The IC gets approx 6% commission. Approx breakdown is 2% - support
member, 2% branch manager and balance to head office. But as Felicity says
if the property suits buy it. I recommend going along to one of their
meetings in your local area as a means of getting some more knowledge about
IPs and a process that may or may not suit you. There is no hard sell and as
a starting point the meeting can be useful. I have still bought one property
through the IC as it did suit us at the time. Now looking for another
whether or not we buy through IC will depend on the numbers.
>
> Derek
>
>
>
> To reply: mailto:propertyforum.3885@bne003w.webcentral.com.au
> To start a new topic: mailto:propertyforum@bne003w.webcentral.com.au
> To login: http://bne003w.webcentral.com.au:80/~wb013
>
 
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Reply: 2.1.1.1.1
From: Tom Siviou


ye ok, i was going to buy through them but didnt, then the agent that was involved followed me up and gave me the info on the commissions, and the structure and basically offered it too me at a discount. it was 12%. regardless, 6%, 3% 2%, its still big money, esp when theres 3% in there already for the agent, so thats 9% plus. If you need negative gearing explained, a top accountant may charge you $250 bucks max for an hr, thats all it takes. why would you want your hand held for between $10-$30,000 and more. This is serious money guys. if they openly said, this is the price of the property, and our fee is $20,000, I think you'll find most people wont see the value in that.
 
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