Discussion in 'Investment Strategy' started by Rajiv Srivastava, 24th May, 2020.
Has anyone heard or invested in Lion Property Group?
What are your opinions?
No, what is it that you are looking till achieve through Property?
Did you contact them or did they find you?
It was advertised on FB to invest in Development projects either at Land acquisition stage or Development stage. Minimum investment $100,000.
By the looks of it "investors" are providing development finance as unsecured creditors.
High projected returns = high risk
What is their track record (from independent sources)?
Thanks Scott. How Do we check that?
Apparantly there was another company with same name which went bankrupt and then these guys started this company using same name.
So why are you even considering this? Not enough ads on facebook?
I was just seeking info on them from any experienced investors.
On their website their completed projects total 20m. This is nothing. They are a speck on a minnow. Be surprised if you found anyone who had invested with them.
<satire> Wow! Facebook ads are so often a high quality source of investment opportunities you would be mad to pass up the offer. <end satire>
It's so sad that we now have to highlight when we are being satirical or that TV advertising needs to note 'this product requires cooking' etc.
I doubt any experienced investors are looking at this.
ABN has only been Registered for 2 years - so, what does their track record look like? How many projects have they completed in that time? (if any)
Well the TABs have been closed and this runner provides the average punter reasonable odds on dropping $100k.
Hi all, here is a link for those interested
"How is my money secured?" and more - Lion Property Group FAQs
What Is The Minimum Investment Amount?
For investors and projects within Australia, we generally accept any investment over $250,000. The minimum amount may be adjusted at Management’s discretion. Each investor in a project adds an administrative overhead. Restricting the total number of investors in a project reduces administrative work and costs which results in better returns to investors.
Am I Buying A Property?
No. You are investing capital into a Unit Trust and you receive returns proportional to the amount of money you invested. The land used for the development is owned by the Unit Trust and the completed properties are sold to purchasers. You do not receive ownership of any of the properties constructed by the Development unless you choose to a buy a property as a separate transaction.
This Seems Too Good To Be True.
Our offers are genuine and we have a proven track record. Our latest Development to complete is called The Precedent. Here’s a playlist of videos showcasing the completed properties and our investor’s thoughts and experiences.
The companies of Lion Property Group are registered with the Australian Securities & Investments Commission (ASIC) to ensure we are acting in accordance with Australian Law. Please note, in the past other companies have operated under the same name. Our organisation, nor any of its employees, are in any way affiliated with previous entities operating under the same name. Our ABN is 625 889 367 and our ACN is 13 625 889 367, which can be used to differentiate us from previous entities.
Ummmm, pretty sure none of us were interested in this. Are you selling it, or something?
@skater nah, got no interest.
just sharing it with the community to ensure everyone's done their due dilligence
I do like the line "The companies of Lion Property Group are registered with the Australian Securities & Investments Commission (ASIC) to ensure we are acting in accordance with Australian Law.". Every Pty Ltd company is registered with ASIC regardless of whether they do gardening or provide financial advice.
The real issue to me is are they on the Financial Advisors Register which is run though ASIC. If they were is am sure they would be promoting their AFR number not their ACN..
Running their ABN through MoneySmart.gov.au shows they are not registered as financial advisors. I do realise that real estate investment is somehow outside the legalities of normal investment provision - for me a serious reason not to treat their advertising with any degree of respect.
Guys, new member here.
Google Full Circle Financial Group. Same owner who had to close Full Circle down down due to class action law suits and some serious heat from very angry clients. I was one of them. Took me for hundreds of thousands of dollars. Ruined lots of investors. Re-branded as Lion Property Group, employed staff to remove all negative reviews from google and they are ready to do it again. Beware!
Separate names with a comma.