Property investment seminar

Discussion in 'Property Experts' started by hash_investor, 3rd Jan, 2018.

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  1. hash_investor

    hash_investor Well-Known Member

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    hash_investor, 3rd Jan, 2018
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Lifestyle?
     
    Scott No Mates, 3rd Jan, 2018
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  3. Sackie

    Sackie Well-Known Member

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    Sackie, 3rd Jan, 2018
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  4. ShireBoy

    ShireBoy Well-Known Member

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    I saw a one-page advert in the latest YIP magazine to a group doing the same thing. Best I could decipher from it was this:
    Get a loan for $695k
    Buy a duplex OTP for $695k
    Once it's built, the price has gone up to $840k = $145k equity
    Then either sell one, or use the equity to purchase the next property.
     
    ShireBoy, 3rd Jan, 2018
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  5. kierank

    kierank Well-Known Member

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    Was that outcome guaranteed? :D:D
     
    kierank, 3rd Jan, 2018
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  6. Sackie

    Sackie Well-Known Member

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    Duh. Of course.
     
    Sackie, 3rd Jan, 2018
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  7. ShireBoy

    ShireBoy Well-Known Member

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    Found it Automatic Equity
    Signing up gives you this video
    Presentation
    With figures starting getting crunched around the 4:20 mark.

    *This is not an endorsement*
     
    ShireBoy, 3rd Jan, 2018
    #7
  8. hash_investor

    hash_investor Well-Known Member

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    The strange thing is they are advertising it in Parramatta. How can you purchase an OTP duplex in Parra for $695K?
     
    hash_investor, 3rd Jan, 2018
    #8
  9. ShireBoy

    ShireBoy Well-Known Member

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    No way would that be Parra. The info session would be in Parra, but I'd be willing to bet that these plans aren't even in Sydney. I went to a similar seminar when I was working in the mines. They promoted their team as being an all-in-one package. REA, builders, planners, etc. With their golden algorithms for finding the best properties for growth. The seminar I went to included a fanfare gift giving for their existing customers (who got kickbacks for referrals btw) who had achieved milestones (slab laid, building completed etc). It all seemed too dodgy to me.
     
    ShireBoy, 3rd Jan, 2018
    #9
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