Can't speak for anyone else boomtown, but I only recently came across this site a few months back and was happy reading through the topics; didn't feel the need to post until I saw the TIC thread.
Warning; Investors Club
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Can't speak for anyone else boomtown, but I only recently came across this site a few months back and was happy reading through the topics; didn't feel the need to post until I saw the TIC thread.
QUOTE=BoatBoy;500315]Where? Point them out please
Dave[/QUOTE]
Gee I'd be here all day, but a quick sample:
boomtown: "overpriced properties".
Evidence please?
BTW, at the workshops I've attended, the preseneter suggests every time that people should check prices and do due diligence by going to realestate.com.au.
boomtown: It would be good for TIC to be forced to disclose.....in full all commissions
They do
dazzling: TIC won't let you become a member unless you buy a property from them
Not true. You become a member as soon as you provide contact details.
dazzling: (TIC) your properties are rubbish, the CG is rubbish and net yield is even worse
My experience (and that of 3 close friends) is just the oposite in fact.
Just for the record, I'm very interested that "dazzling" thinks so poorly of the club, thinks their properties are rubbish and can't stand all the "ticketty boo" style chat and yet he rolls up to workshops, not just occassionally, but for 9 and a half years!
"I've been rolling up to these workshops for 9.5 years now."
He's got to be getting something out of it!
I agree with you Wolfgang. Don't worry about that "dazzling" character, he was a complete knob. Didn't own any property himself and just went around criticising others. Typical doom and gloomer.
I haven't been to any TIC meetings myself, but I hear they have some outstanding properties for sale. I hear the man himself, Kevin Young is popping into Curtin Uni in a few weeks time. Can't wait to hear him speak, should be inspirational.
Good luck Wolfgang.
when you provide contact details you go on their spam list, that's about it.
boomtown, may I respectfully suggest that this would be completely pointless?
Firstly, everybody has different investment objectives, and a good investment for person A may not be a good investment for person B, and vice-versa.
Secondly, even if there is such a thing as an objectively good investment, whether the particular deal is a good or bad investment is somewhat beside the point. Just as all those people posting saying "I bought a property through TIC and have done well" doesn't prove the worth of TIC, the fact that one of their proposed deals isn't that great, doesn't prove that TIC's not useful. I don't believe they claim to have the best deals available, or better deals than one could find themselves.
I think there's a place for TIC in the market. For anybody who knows exactly what kind of an organisation TIC is (ie is aware that they're not on your side of the transaction), and still thinks it's beneficial for them to be involved, that's great. Fill your boots!
Wolfgang nothing like a good German name
,do you think you could post some of the deals you have done,and how does the commission work on these deals,how many people get paid and by who?. i have never been along to TIC,just can't understand how the system works but the basic question is if you do your D-D on any property on realestate.com.au,and know the average price for any area,then how do ??, make any money unless the properties are overvalued,and the purchaser who contracts to buy the property walks in the door blind with stars in their eyes, and what happens if the buyers don't check the facts who tells them what value is ?/..willair..Well if TIC's role in the market is to offer average properties on disadvantageous terms - then I guess they should do that. I must have missed that part of their sales pitch.
And do they also recommend checking comparable properties on RPData and PDSlive?
I would expect there are LOTS of people reading this and other threads that have never posted, and probably never will.
That doesn't detract from the usefulness of it, or mean that there is some conspiracy afoot to promote TIC.
In my case, I thought to try to correct some of the more sensationalist mis-representations.
Every new poster has to start somewhere and this thread was where I felt I had the most to offer.
I have NOT meant any of my posts to be an argument for TIC being better than anything else, just as other defenders (Thanks people) have pointed out, just one way, with advantages and disadvantages which will suit some people and not others.
I really have no desire to convince anyone to join TIC or to persuade anyone that TIC is the only way to invest.
I'm a member, I've benefited enormously from the philosophy and from the many decent friends I've made since being a member.
I would never have become interested in property, or more importantly perhaps, never would have thought it were possible for someone like me to become an investor, if it weren't for TIC.
My latest purchase 'boomtown is in inner Brisbane. I bought it before Christmas for $420,000. It's a 2 bedroom unit with city/river views. I see another property in the same block listed in realestate.com.au as starting at $420,000 just this week.
I have no doubts that this property and the others I have purchased are well priced.
I reject completely the notion that TIC properties are duds and overpriced.
Finally, I'll be retiring in 6 months and comfortably, thanks to my investment properties and to the advice and support offered through TIC. Seven years ago this would have been a total fantasy.
Thing is, many of you people will still be clucking on about the awful, bogey man club in the coming weeks/months/years, still unable to see for yourselves. Good luck to you.
BTW boomtown, the easiest way for you to check prices of TIC properties (if you are genuinely interested) is to attend a workshop in your area. There you will be given property profiles for free if you ask and these are the "spam" referred to be another poster; mailed to members five nights a week and totally free to boot.
That would be my advice to anyone here still wondering; don't rely on half baked notions from non investors or people who know nothing about TIC; go along to a TIC workshop and make up your own mind.
Like it was for me, it might just be the smartest thing you will ever do.
I'm a member, I've benefited enormously from the philosophy and from the many decent friends I've made since being a member.
I would never have become interested in property, or more importantly perhaps, never would have thought it were possible for someone like me to become an investor, if it weren't for TIC.
My latest purchase 'boomtown is in inner Brisbane. I bought it before Christmas for $420,000. It's a 2 bedroom unit with city/river views. I see another property in the same block listed in realestate.com.au as starting at $420,000 just this week.
I have no doubts that this property and the others I have purchased are well priced.
I reject completely the notion that TIC properties are duds and overpriced.
Finally, I'll be retiring in 6 months and comfortably, thanks to my investment properties and to the advice and support offered through TIC. Seven years ago this would have been a total fantasy.
Thing is, many of you people will still be clucking on about the awful, bogey man club in the coming weeks/months/years, still unable to see for yourselves. Good luck to you.
BTW boomtown, the easiest way for you to check prices of TIC properties (if you are genuinely interested) is to attend a workshop in your area. There you will be given property profiles for free if you ask and these are the "spam" referred to be another poster; mailed to members five nights a week and totally free to boot.
That would be my advice to anyone here still wondering; don't rely on half baked notions from non investors or people who know nothing about TIC; go along to a TIC workshop and make up your own mind.
Like it was for me, it might just be the smartest thing you will ever do.
They wont run their FIDO software for you unless you buy a property, or maybe thats just the person nominated as our support member
we asked, just so we can see where we stand at the moment
The club is structured as a branch network, and there are something in the order of 20 branches throughout Australia as well as the UK,NZ & Hong Kong. Some branches are very small with just a couple of support members and some with many more and although we are all reading from the same song-book in terms of vision, goals and strategies, each branch has it's own way of doing things and then each support member can also be pretty autonomous.
I would suspect that you have just run into a support member and/or branch that, for whatever reason won't do the FIDO for you.
In my case, I'd be thrilled if a member wanted me to do demonstrate that. I look on it as a very powerful selling tool for the concept.
For those readers unsure of what we are talking about, FIDO (terrible name) stands for Financial Independence Date Organiser and demonstrates how equity can be withdrawn from the portfolio to live on.
*bump*
A file that came across my desk today reminded me I should post a couple of tips for dealing with TIC and similar, spruikers, buyer's agents and the other usual suspects:
(1) Don't
(2) If Rule (1) doesn't work for you, never, ever use solicitors, mortgage brokers, valuers or any other party recommended by them.
A file that came across my desk today reminded me I should post a couple of tips for dealing with TIC and similar, spruikers, buyer's agents and the other usual suspects:
(1) Don't
(2) If Rule (1) doesn't work for you, never, ever use solicitors, mortgage brokers, valuers or any other party recommended by them.
Speaking from personal experience??
Been meaning to post a reminder for ages. Unfortunately, saw another one today where plenty of people made good money out of the "investment" ....other than the buyer.
Now that's just hurtful TF.
Not sure I could stop you
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