Has anyone had a dealing with Belouis investment group

I'm a newbie here and was wondering if anyone has had any dealing with belouis investment group. They came to my house to discuss an investment opportunity. No obligation, not even pushy, which surprised me. I've been to a couple of seminars in the past...From my research I have done myself, it seems it would be a good investment. I might be just being naive..

 

I think it would be better learning the basics off this forum before speaking to these property investment companies. They are good at selling.

 

Also be careful. Should you remain interested in any of the properties, make sure you use your own solicitor/conveyancer and mortgage broker. An independent valuation is critical. Also try and do your own due diligence on any suburbs/areas they put forward.

That said and as @larrylarry mentioned above, you would be much better learning as much as you can from the forums.

Also try and get along to one of the meetups. The people attending are all primarily just a mix of seasoned and newbie investors with a keen interest in investment and each following their own strategies. Talk to a few - the knowledge you'll gain is invaluable.

There are a couple of meetups next week. The first at Wentworthville Leagues on the 23rd and another at North Ryde ( The Ranch ) on the 24th.

 

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They seem to change names often. Churn and burn?

 

The fact that they came to your house should be a big enough red flag.

 

I agree with @Greyghost . Red flag. If they want to reach out to the masses there are more efficient and professional ways of doing so without intruding at someone's home. It's a bit like trespass. Not invited AND trying to sell you things all at once. There are plenty of other ways to let people know of products and services they were unaware of. After a long day at work, surely a person is entitled to a bit of peace and quiet at home to rest before the following work day is upon them. If they want to read print media, billboards and signage, online information, tv, radio etc, they can tune in and hear the message if they feel like it.

 

Shut door. There are better ways to lose money than following someones "proven debt reduction strategy" of borrowing money....

My alarming concern is promotion of tax "minimisation" strategies - Not a registered tax agent and worst of all is no AFSL and they are peddling SMSFs to buy property. Dont they read ASICs news bulletins ?

Even if they "partner"with others who are licensed it remains illegal to market, sell and promote that way. That would be like me offering medical services.

 

Interesting that you have just joined to post about them?

 

Yes Brady. I joined to ask the question as it seems most people here seem to know what they are talking about and what to look out for. I don't see a problem with that. Isn't this what the forum is for ?

 

Just wondering if you went ahead with the purchase through Belouis? How did it go?

 

They contacted me. After getting a lot of information and saying that they will help me pay less mortgage and tax to drag me along, they came back saying they couldn't help without much explanation.

 

It's a revival of an old thread, but I found this through a Google search.
It is a very dodgy company, not trustworthy at all.

I got my information from a survey and was promised a $100 gift card or 10 nights of free accommodation if I met with a consultant for an hour in a Zoom call. I said yes even though I told him I was uninterested, and he insisted it was no obligation.

I thought, fine, I'll come listen for an hour and get a free gift. I'm doing nothing anyway.

Appointment comes around, and they won't discuss anything with me unless my partner is on the call. I said, no, she's unavailable and hates anything finance, so there's no point in her being here anyway.

Still, he insisted that it was mandatory that she be there and didn't want to discuss any strategies at all. It's a very weird way to run a business, and quite frankly, very pushy and not transparent AT ALL.

I would avoid it at all costs. There's a reason they're aggressive in sales for onboarding, and breaking promises before you've even signed up for anything isn't a good foot to start on with anyone assisting you manage hundreds of thousands to millions of dollars.

Google reviews with 5 stars look fake; plenty of 1-star reviews littered in between, which would be from real people.

 

I find it ironic that you think it's fine to get a free gift but then got upset when they wouldn't give you it nor even the presentation.

I generally agree with the sentiment about these kind of companies but c'mon how petty can you be haha

It's not a weird way to run a business IMO, in fact it saves a lot of time and effort.
As a Broker I always ensure all parties relevant to the loan application are there for any zoom meetings/teleconferences discussing the loan application. This ensures everyone involved understands what's going on, what's being applied for and why I'm recommending the structure I'm recommending.
Otherwise you get a back and forth covering the same topics originally discussed and wastes everyone's time.
It also gives an opportunity to identify if there's any potential financial abuse going on.
I have often refused to proceed with Zoom Meetings where all parties were not available, we reschedule when everyone can be there.

 

Timeshares are same with this basis of selling. Offer freebies and then basically detain you and guess what you win.. Not the ipad, not the iphone. You won 2 nights to come back so we can repeat the process. I would move on and count yourself lucky.

 

Who said they were existing clients? New clients, but I take your point that yes they are there to arrange something that they already want/need.
I still don't think it's weird to request all parties involved be there, even for the initial sales discovery/pitch, you can't blame them for knowing who are time wasters and who are not and seems they hit the nail on the head with this one, spotted from a mile away. Although the poster probably dodged a bullet, I still find it funny they are upset they didn't get their free gift because they got caught out.