Lucas Rogers Property Group - any advice ?

Discussion in 'Property Experts' started by Samm, 28th Jun, 2020.

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  1. Samm

    Samm Member

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    Hi all,

    Just joined this forum and glad I found it.
    I have just finished reading "Complete Guide to Property Investing in Australia" by Lucas Rogers.
    Was very interesting and easy to read.

    Basically the main advice from the book is to invest in new houses (for the depreciation benefits) in capital cities and once it grows in value over time, to invest in another new property using the equity from the first and keep repeating that process over time.

    The author of the book has a company called Rogers Property Group which helps find property for investors.

    Has anyone had any experience with them or has any info on whether they are trustworthy ?

    Any feedback would be greatly appreciated.
     
    Samm, 28th Jun, 2020
    #1
  2. Samm

    Samm Member

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    I tried doing a Google search on reviews for the company but couldn;t find any.
     
    Samm, 28th Jun, 2020
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    https://www.rogerspropertygroup.com.au/faqs

    How do you earn your money?

    Either the builders will pay us a commission to use their product if we organise a new build for a client, the vendor of the property may pay us a fee ​

    Every other day we get asked a question on this site about some property investment advisory company.

    Almost all of them are getting paid by developers or vendors to flog their properties.

    IF YOU ARE NOT THE ONE PAYING, THEY ARE NOT WORKING FOR YOU.

    They are working for the vendor - they are sales agents. Their advice is not independent.

    Get yourself a real independent buyers agent who works for you and does not get paid by the vendor or developer to sell you property.
     
    Simon Hampel, 28th Jun, 2020
    #3
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  4. Samm

    Samm Member

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    Thanks Simon, appreciate the advice.
    Sorry for asking the obvious being a newbie, but what does a buyers agent actually do and where or how to find a real independent buyers agent ?
     
    Samm, 28th Jun, 2020
    #4
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Sticky perhaps ?

    ta
    rolf
     
    Rolf Latham, 28th Jun, 2020
    #5
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    A buyer's agent is the opposite of a traditional vendor's agent. About the only thing in common is that they are paid by the party that engages them.

    The BA works with your requirements ie your budget, locational factors, yield, risk profile etc to match your requirements.

    Most BAs are members of REBA.

    There are several to be found in the business members section.
     
    Scott No Mates, 28th Jun, 2020
    #6
  7. Phill74

    Phill74 Well-Known Member

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    Phill74, 29th Jun, 2020
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  8. Simon Hampel

    Simon Hampel Founder Staff Member

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    Simon Hampel, 29th Jun, 2020
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  9. spludgey

    spludgey Well-Known Member

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    This (yes, I do have amazing Paint skills!) is the value curve of a brand new property. As soon as someone moves into it, it loses a not-insignificant amount of value and then starts growing over time (on average).
    Established properties don't have that dip. Though, as any property, you'll still be down for a while until your property has grown enough to pay for stamp duty and other costs associated with the purchase.

    So in summary, this strategy might work better with established properties.

    I'd be extremely wary of a book that's trying to push another of the company's products, which this sounds like!
    upload_2020-6-29_7-49-26.png
     
    spludgey, 29th Jun, 2020
    #9
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  10. Lindsay_W

    Lindsay_W Well-Known Member

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    "Investing in Brand New property for the negative gearing benefits" is the property spruikers catchphrase :rolleyes:
     
    Lindsay_W, 29th Jun, 2020
    #10
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  11. Trainee

    Trainee Well-Known Member

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    You are one buyer. Who is not paying them. You are not even a customer.

    The other side is a developer selling dozens, hundreds of properties through them, five figures a pop. Whose interests are they acting in?
     
    Trainee, 29th Jun, 2020
    #11
  12. TMNT

    TMNT Well-Known Member

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    AKA "we make the most commission fees selling the product"
     
    TMNT, 29th Jun, 2020
    #12
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