The Investors Club

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From: Adam McGuinness


Has anyone any real life experience with The Investors club, good or bad?
 
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Reply: 1
From: Phil H


Hi Adam,

I am about to settle this friday on my second Investors club property and have had a very positive experience with them. Please e-mail me if you want more info, as I'm not sure what you can and can't say on this forum about specific products, groups etc.
 
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Reply: 1.1
From: Paul Zagoridis


Hi Phil

My approach to disclosures is to phrase specific negatives carefully to avoid acrimony.

Similarly blatant or contrived advertising is also frowned upon.

Organised real estate promoters have a difficult time in this forum due to many posters preference for DIY.

However positve stories from satisfied customers are to be encouraged (as are not so positive.

Share and the world shares with you

Regards

Paul Zag
Dreamspinner
WealthEsteem coming soon at...
http://wealthesteem.dyndns.org/
 
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Reply: 2
From: Geoff Whitfield


Do a search- here and in the archive forum.
 
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Reply: 1.1.1
From: Brett Burt


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Why would you go through them and pay 6.6% commission ? If you go =direct to a small to mid sized developer you pay nothing to the =middleman and could get a discount off the market value. (I am doing =this now - ring me 0414 266 186).

The Investors Club charge 6.6%, so for instance on a $300,000 property =you pay not only GST but approx $20,000 commission to them! =Unfortunately you may also find that 'independent ' Brisbane valuers ='punish' most marketing companies selling to interstaters so you won't =pay less than market value, that's for sure.

Need advice on investing in property ? Read the archives hear, Jan =Somers books or go to a investment specialist registered real estate =agent (and pay about 1 to 2% commission.)

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Why would you go through them and pay 6.6% =commission ?
If you go direct to a small to mid sized developer you pay nothing to =the
middleman and could get a discount off the market value.(I am =doing this
now - ring me 0414 266 186).

The Investors Club charge 6.6%, so for instance on a =$300,000
propertyyou pay not only GST but approx $20,000 commission to =them!
Unfortunately you may also find that 'independent ' Brisbane =valuers
'punish' most marketing companies selling to interstatersso you =won't pay
less than market value, that's for sure.

Need advice on investing in property ? Read the =archives hear,
Jan Somers books or go to a investment specialist registered real estate =agent
(and pay about 1 to 2% commission.)

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Reply: 2.1
From: Chris Legg


I tried to deal with the Investors Club for three months last year.
I was interested in using them to buy properties in Queensland and WA
They pre approved me for $310k but I
could not get any intelligent answers to my questions so gave up in frustration.
Saw some funny properties though new villas without garages for example

Lifes a beach at Caves

Chris
 
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Reply: 1.1.1.1
From: Michael G


Brett,

P.I.G or the Property Investors Group was a splinter group that branched off from Kevin Young's original Investors Group, i.e the one we are currently talking about.

I seem to recall that PIG appeared at the same events as Kevin's group, i.e. Investment Expos, etc.

Could you explain to us, how PIG differed in operation to TIC (The Investors Club) ??

I think some background as to the PIG operation will help back your comments here.

Regards
Michael G.
 
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The Investor Club

Reply: 2.1.1
From: Ross Sondergeld


Hi,


Subject: The Investors Club


Chris Legg said, "I tried to deal with the Investors Club for three months
last year. I was interested in using them to buy properties in Queensland
and WA."

Hmmm... "using them to buy properties"? Well, I'll give you a hint. The
Investors Club does not work for the buyer. They SELL real estate. I'll
repeat that again... they SELL real estate.

The Investors Club has a real estate license and they are licensed real
estate agents that represent the seller. (i.e. They're the Seller's Agent.)

I still remember, going to the property marketeering meeting in QLD with the
office af fair trading a few year ago. And the investor club took the
stance that they worked for the buyer. I was there with a buyer agent friend
and it was absolutely incredible what the property marketeering guys were
saying.

I also remember going to an Investor Club Seminar at a home show. And i
asked the owners... "who does the investor's club represent and are they
buyer agents?"

And they said, "they work for the buyer as a buyer agent!"

What a lot of BS.


And to finish... I'd like to say that when you buy... look after yoruself
and don't trust anyone. If someone tells you somethign then double check it.
Traditional real estate is an ugly industry behind the scenes.

Wooooo... i feel better now.


P.S. Now let's hear the response... I'd love to get a written response on
this forum! (But i can tell you, that it will never happen. :(




Ross Sondergeld ~ Buyer Agent

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
" Imagine buying real estate the easy way...
...with a Buyer Agent on your side!!! "

Buyerside Real Estate Mobile 0412 289 464
Office 9b, 34 Glenferrie Drive Office (07) 5562 1555
East Quay Corporate Park Fax (07) 5562 1248
Robina QLD 4226, Gold Coast Buyerside@hotmail.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


_________________________________________________________________
Join the world’s largest e-mail service with MSN Hotmail.
http://www.hotmail.com
 
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The Investor Club

Reply: 2.1.1.1
From: F. F.


Just happened to be reading some back issues of API and something caught my eye.

I wonder ???? Is the Brett Burt of an earlier post fame in this thread one and the same as the General Manager of P.I.G. Reference page 57 API Oct/Nov 2000 edition.
 
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The Investor Club

Reply: 2.1.1.1.1
From: Adam McGuinness


Well, for my first time here, I am most impressed with the cross section of views.

Thanks for the insight to all of you. I will no doubt have further questions as I move closer to my first IP.

I hope to be able to contribute at some point in the future as well.

Thanks

Adam
 
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Reply: 1.1.1.1.1
From: Brett Burt


Michael, not much different, marketing ip's via seminars, except we had
smaller commissions, were arms length to financiers and developers,
marekting Sydney property not just Brisbane, nil Gold Coast for sure, and
not creating the impression of some sort of 'club'. Also I do not believe
that you can 'safely' acquire enough property in 7 years to retire on.

Also I do not support Mr Young's notion of retiring then borrowing the
increased equity to live on. It does not work through all the property
cycles and my view the baby boom phenomena in a few years will completely
change what has happened over the last 50 years cyclically. He states he
retired at 27 with this system. All I will say to that is I would like to
see evidence of it. I worked with him for 2 years and never saw it. My
opinion is that this is sales puffery. My view is that in fact his wealth is
based on sales made in the last 6 years via the Investors Club and not
through wealth accumulation. Mr Young is quite a nice personal chap and any
differences we had are now water under the bridge, but I TOTALLY disagree
with his views on property.

However, I am now out of the marketing side of it because frankly what
advantage did I (or Investors Club etc) offer over normal real estate agents
? The answer is none really. My personal view is that I can't believe
people still deal with ip marketing companies when it comes to buying
investment properties.

Hope this helps.

Brett

----- Original Message -----
From: "propertyforum Listmanager" <listmanager@bne003w.webcentral.com.au>
To: <Recipients of 'propertyforum' suppressed>
Sent: Wednesday, January 16, 2002 7:14 PM
Subject: The Investors Club


> From: "Michael G" <mgruber@bigpond.net.au>
>
> Brett,
>
> P.I.G or the Property Investors Group was a splinter group that branched
off from Kevin Young's original Investors Group, i.e the one we are
currently talking about.
>
> I seem to recall that PIG appeared at the same events as Kevin's group,
i.e. Investment Expos, etc.
>
> Could you explain to us, how PIG differed in operation to TIC (The
Investors Club) ??
>
> I think some background as to the PIG operation will help back your
comments here.
>
> Regards
> Michael G.
>
>
>
> To reply: mailto:propertyforum.19800@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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Re: The Investor Club

Reply: 2.1.1.2
From: Brett Burt


Spot on Ross. They are just real estate salespeople who happen to charge
6.6% commission. Nothing wrong with that, but why would anyone pay it ???
BB
----- Original Message -----
From: "propertyforum Listmanager" <listmanager@bne003w.webcentral.com.au>
To: <Recipients of 'propertyforum' suppressed>
Sent: Thursday, January 17, 2002 1:04 PM
Subject: The Investor Club


> From: "ross sondergeld" <buyerside@hotmail.com>
>
> Hi,
>
>
> Subject: The Investors Club
>
>
> Chris Legg said, "I tried to deal with the Investors Club for three months
> last year. I was interested in using them to buy properties in Queensland
> and WA."
>
> Hmmm... "using them to buy properties"? Well, I'll give you a hint. The
> Investors Club does not work for the buyer. They SELL real estate. I'll
> repeat that again... they SELL real estate.
>
> The Investors Club has a real estate license and they are licensed real
> estate agents that represent the seller. (i.e. They're the Seller's
Agent.)
>
> I still remember, going to the property marketeering meeting in QLD with
the
> office af fair trading a few year ago. And the investor club took the
> stance that they worked for the buyer. I was there with a buyer agent
friend
> and it was absolutely incredible what the property marketeering guys were
> saying.
>
> I also remember going to an Investor Club Seminar at a home show. And i
> asked the owners... "who does the investor's club represent and are they
> buyer agents?"
>
> And they said, "they work for the buyer as a buyer agent!"
>
> What a lot of BS.
>
>
> And to finish... I'd like to say that when you buy... look after yoruself
> and don't trust anyone. If someone tells you somethign then double check
it.
> Traditional real estate is an ugly industry behind the scenes.
>
> Wooooo... i feel better now.
>
>
> P.S. Now let's hear the response... I'd love to get a written response on
> this forum! (But i can tell you, that it will never happen. :(
>
>
>
>
> Ross Sondergeld ~ Buyer Agent
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> " Imagine buying real estate the easy way...
> ...with a Buyer Agent on your side!!! "
>
> Buyerside Real Estate Mobile 0412 289 464
> Office 9b, 34 Glenferrie Drive Office (07) 5562 1555
> East Quay Corporate Park Fax (07) 5562 1248
> Robina QLD 4226, Gold Coast Buyerside@hotmail.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
>
> _________________________________________________________________
> Join the world's largest e-mail service with MSN Hotmail.
> http://www.hotmail.com
>
>
>
> To reply: mailto:propertyforum.19873@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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Re: The Investor Club

Reply: 2.1.1.1.2
From: Brett Burt


Yes. BB
----- Original Message -----
From: "propertyforum Listmanager" <listmanager@bne003w.webcentral.com.au>
To: <Recipients of 'propertyforum' suppressed>
Sent: Thursday, January 17, 2002 8:39 PM
Subject: The Investor Club


> From: "Derek Jones" <ddjones@omninet.net.au>
>
> Just happened to be reading some back issues of API and something caught
my eye.
>
> I wonder ???? Is the Brett Burt of an earlier post fame in this thread one
and the same as the General Manager of P.I.G. Reference page 57 API Oct/Nov
2000 edition.
>
>
>
> To reply: mailto:propertyforum.19908@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: 1.1.1.1.1.1
From: Robert Forward


G'day Brett

Thanks for the consice posting regarding The Investors Club as well as P.I.G.

It's great to see that you provide an openess to how these organisations work.

Cheers
Robert

The Sydney "Freestylers" Group Leader.
 
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Reply: 1.1.1.1.1.2
From: Alan Hill


Brett,

You alluded to the fact that part of Mr Young's strategy involves borrowing the increased equity to live on.......could you expand on what you personally see as the problems with such a strategy?
 
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Re: The Investor Club

Reply: 2.1.1.2.1
From: Sergey Golovin


http://www.rein.com.au/home.html

Is this the same mob?
Friend of mine gets very exited about it, tells me that they do everything for free and you as investor do not have to do anything at all, just seat back and watch.

I do like the idea, but wonder if it is works?

Serge.
 
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Reply: 1.1.1.1.1.2.1
From: Brett Burt


Property doesn't appreciate equally every year. In the last 5 years Sydney
and Melbourne have really gone well year in year out. But next year, maybe
the year after growth may drop off considerably or there maybe zero growth.
My personal opinion is that the baby boomer phenomena will change the
landscape of property investing and ownership in the next few years and the
smaller generation following will not have the intertia to drive up property
prices as the bb's did. Even so property still does not appreciate at a
regular 7 or 10% each year.

So you accumulate 7 or more properties over say 15 to 20 years. You go back
to the first one and borrow a portion of the increased equity. This
borrowing will be based on your ability to service the loan and how much it
has apppreciated in value. You do this to the next one and the next one.
When you get to number 7 you apparently go back to the 1st and reborrow. But
what if the appreciation hasn't occurred? What if there is a slump? Your
borrowings are now huge. What if rents don't move but your seviceability
requirements increase? To the banks you maybe becoming a bigger risk as your
debt levels increase. They may not allow you to borrow to live on. You must
have the capital growth to continue to fund your high debt (high risk)
method of retirement. You can't rely on inflation to help as in the eighties
early nineties.

Things always look great in property when we have had huge capital growth in
recent years and everyone has been a winner. What about when we don't get
the capital growth or when interest rates surge back to 17%? Or developers
flood the market on you? I am sure others can add to this list. Remember
what happen to the dotcom's and the stock market in the US after huge
capital growth in the nineties.

When there are so many other ways of approaching and capitalising on
property investment that are safer, why go down this risky road? Defamation
laws prevent me mentioning the names of well known investors who have used
this method and gone bankrupt (or nearly bust) or/and had to go back to work
to feed themselves, but I think that we will see quite a few people go bust
in the next few years who attempted the high risk strategies currently
promoted by various guru's.


Regards

Brett
----- Original Message -----
From: "propertyforum Listmanager" <listmanager@bne003w.webcentral.com.au>
To: <Recipients of 'propertyforum' suppressed>
Sent: Sunday, January 20, 2002 7:32 AM
Subject: Re: The Investors Club


> From: "Alan Hill" <alanhill@ozemail.com.au>
>
> Brett,
>
> You alluded to the fact that part of Mr Young's strategy involves
borrowing the increased equity to live on.......could you expand on what you
personally see as the problems with such a strategy?
>
>
>
> To reply: mailto:propertyforum.20117@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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REIN

Reply: 2.1.1.2.1.1
From: Brett Burt


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Serge, these are a different mob. Having read the contents of their =website, they appear to be real estate agents specialising in property =investment like a million other companies. No doubt they are reputable, =nice people. However, the catchy name, using 'Network' is like using the =term 'Club' --- a very good marketing hook, such terms are used to make =you think you are dealing with something special, not just a real estate =agent, but they are still basically a real estate agent, selling =property (for the vendors). These are mostly privately owned companies =making money from commissions, some are often much much higher than =normal REIQ or REINSW etc...rates. The same basic information they =provide via seminars and courses can be found in a hundred different =books, such as Jan Somers. Why pay a marketers fat commission when for =$30 you can buy the book, follow the forum, read the forum archives and =teach yourself by asking questions.

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Serge, these are a different mob. Having read the =contents of
their website, they appear to be real estate agents specialising in =property
investment like a million other companies. No doubt they are reputable, =nice
people. However, the catchy name, using 'Network' is like using the term ='Club'
---a very good marketing hook, such terms are used to make you =think you
are dealing with something special, not just a real estate agent, but =they are
still basically a real estate agent, selling property (for the vendors). =These
are mostly privately owned companies making money from commissions, some =are
often much much higher than normal REIQ or REINSW etc...rates. The same =basic
information they provide via seminars and courses can be found in a =hundred
different books, such as Jan Somers. Why paya marketers fat =commission
when for $30 you can buy the book, follow the forum, read the forum =archives and
teach yourself by asking questions.

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Reply: 2.1.1.2.1.1.1
From: The Wife


Hey....HEY...watch how you use that word Network, not all networks sell property!! :eek:)

Some of us actually just 'network'.

Cheers, TW
~Before you criticize people, you should walk a mile in their shoes. That way, when you criticize them, you're a mile away. And you have their shoes~
 
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Reply: 2.1.1.2.1.1.1.1
From: Brett Burt


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My apologies, obviously some 'networks' are are really that, 'networks', =this goes for 'forums', 'associations', 'club', 'society', but some =sales people also use them, in my opinion, inappropriately. Good one =about the shoes.

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My apologies, obviously some 'networks' areare =really
that, 'networks', this goes for 'forums', 'associations', 'club', ='society',
but some sales people also use them,in my opinion, =inappropriately. Good
one about the shoes.

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