So my family member asked for some property advice and I gave it. 50yrs old, 65k income. 450k house paid off. $200k cash He wants to acquire 5 properties for some growth in the 15 years before retirement. I gave him a strategy but.. Found out he sat down with some "wealth group" who came to his house and sold him a house and land package in a new estate for $404k (1100sqm) In Wyreema ( 10k's out of Toowoomba). Newman gardens estate.. $160 for land $244k for build. Valuation for finance came back at $370k Rental guarantee $311pw Agent assured them he will get 380 lol... So it won't even make a 5% yield and is in a new estate that is still named under lot! These salesmen are slick.. So I'm thinking about trying to get him to crash the contract on the finance clause due to val, as the purchase didn't sit right with me from the beginning.... Anyone else thinks that the only ones making a good deal out of this is the agent?