Positive Real Estate

Can people muster up `60 Minutes` or the like to do a story on s0 called Positive Real Estate and the effect they have on peoples lives !!!!

 

No but I have Tracey Grimshaw on standby for you.

 

Did you google the company before you gave them your credit card details?

 

Did you want to elaborate? How have they effected you?

 

Explain.

 

*****Crickets chirping*****

 

Tumble weed blows across the street.

 

15 units in Gladstone , and 42 in another developement,rents down up to 55 % and values dropped $145,000, at least each, so how much does gthat add up to....only to have phone calls and emails not answered !

 

Sorry if I've misunderstood, but are you saying you own a total of 57 apartments that you.... purchased through them?

 

You might need to make more sense if you want some one to listen, or engage in some form of communication

 

Right,so you' re saying you have 57 units that have dropped in value by 145K each.

So your values have dropped only 8.2 million than..chicken feed

 

Why is it their fault you bought in a market that tanked? What do you want them to do?

Newsflash - real estate agents are paid by the seller and are legally obliged to act in the best interests of the seller (ie to sell property to you at the highest price possible). It is on you to do your own due diligence.

 

Harsh reality but fair statement. High risk areas come with high reward.... Or heavy losses....

 

Pretty sure there is a thread on this group on Somersoft forum.

I dislike companies that source bulk for their clients from developers, everyone is a winner except the buyer.

I think this group mentors as well

MTR

 

well this thread just put a damper on my Friday morning.

 

? ?

 

mmmmmmmmm damper!

 

The gold coast was traditionally one of the more volatile markets in Australia and the mining towns have always been up and down. But are the recent level of losses in these towns unprecedented? The huge numbers of investors that have taken a bath in these markets is scandalous.

For the OP it looks like diversification was a dirty word when they were splurging.

 

I lost (a lot almost 400K) money though these guys as well - See previous posts in Property Spruikers discussion.

I feel there was a sense of being educated - but by people with nefarious intentions. My fault for not only doing due diligence in the property but DD on the "educator".

There is a potential legal case in terms of breach of trust as per my legal advice but I would rather concentrate on cutting the dud properties and moving on.

All I can say is tell everyone you know to stay away from these guys.