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" <
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To: <Recipients of 'propertyforum' suppressed>
Sent: Sunday, May 20, 2001 10:23 AM
Subject: The investors club limited
> From: "Derek Jones" <
[email protected]>
>
> 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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