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Ever heard of Future Security

Discussion in 'Property Experts' started by Sunny, 5th Aug, 2015.

  1. Sunny

    Sunny Member

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    Hi all,
    This is my first post so please be nice.
    I have been reading somersoft forums to gain valuable information about PI over the last 8-10 months whilst waiting to be in a position to take action.
    I was recently approached by a Future Security consultant to talk about PI and booked an in-house consultation appointment to go through personalised plan.
    Has anyone heard of this company before and would like to share their views about them?
    I have checked the basics to ensure it's a legit business and they have the ASIC licence to provide financial advice.
    I also asked the consultant upfront about what's in it for them and he said they make commission on H&L packages that they sell through different developers.
    Of the people who have used such companies before, how was your experience?
    Any comments are welcome
     
  2. Leo2413

    Leo2413 Well-Known Member Premium Member

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    My friend, without making this a long post, in 1 word:

    'Run'. And run fast!

    ok, 4 words.
     
    Last edited: 5th Aug, 2015
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  3. Sunny

    Sunny Member

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    Thanks Leo. That was my suspicion as well.
     
  4. Leo2413

    Leo2413 Well-Known Member Premium Member

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    np. TBH I never heard of them but I can already see:

    1. Massive conflict of interest
    2. They sound like shifty high end sales ppl to push developers stock, so great resource for developers, not so much for you.
    3. I highly, highly doubt your best interests will come first
    4. You don't need them. Everything you need is in books and on this forum.
    5. Future Security is most likely only looking after their own future security, pun intended :D
     
  5. Sunny

    Sunny Member

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    When i asked their consultant "Why I should buy H&L through you (when I know you are getting commission) and not straight from Developer/Builder and negotiate the price directly?" , he had no answer.
     
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  6. Big Will

    Big Will Well-Known Member

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    Never used them however got a copy of their Ebook, haven't read it however the graphic on page 2 is from PIA software.

    They are talking about getting 7.5% growth and 5% rental yield with inflation at 4%. I think these are optimistic numbers to run by especially for Melbourne.
     
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  7. Be Developer

    Be Developer Property Developer Business Member

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    Get a financial advise from a licensed financial advisor

    N

    H&l package from builder/developers.

    Keep them separate, will world out better for you,IMO.
     
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  8. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    To reiterate..


    R
    -U
    --N
    ----!

     
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  9. Sunny

    Sunny Member

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    Really appreciate the responses and advice guys.
     
  10. EN710

    EN710 Well-Known Member

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    You can play around with them for a bit if you have the time :rolleyes:

    I got this kind of call at least 3 times. At first I was polite and listening with the all the sales jargon
    "Do you want 6% yield etc etc can't be found in the market nowadays".
    "We will help you from start to finish. We will do the financial planning etc etc. Do you know what financial planning is?"
    "I'm arranging a consultation call, free of charge. When would be a good time for you"
    I said I'm not interested and they keep pushing. So now I said the like of, I know what financial planning is. I don't need one. I have property at 7% return. Why should I go with 6%? (usually he stutter a bit after this). And then cut off the connection.

    From what I can gather, so far they call and assume you don't have financial knowledge at all.
     
  11. Sunny

    Sunny Member

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    Thanks EN710,
    your last paragraph is spot on. I had the same experience. Never again.