We Find Houses - Armchair Development

Anyone with experience with we find houses? they are run by someone named Paul Wilson and offering strong monthly returns I have now had 3 clients ask me about them in the last week. Anyone with experiences?

I try to talk people out of this stuff as i believe it is unsecured - they call it armchair devlopment:

"Tweed Heads NSW - East Estate 38 Lot Land Subdivision &
Carindale Brisbane - Luxury Retirement Living Community

We're pleased to announce our latest Armchair Development Projects – East Estate at Tweed Heads which is offering returns of 30.47% annualised and Noble Retirement Living at Carindale offering returns of 20% annualised with your returns paid direct into your bank account every month for 28 months."

Anyone please?

Cheers Ivan

 

On face value sounds too good to be true. Either the risks are exceptionally high and or there are many clauses.

Also interested to hear from anyone who has invested with them.

 

No, but are they offering property as security against the loaned funds?

 

I have no idea what they are offering.....there is more than one "shop" currently offering these "returns".......looks like these guys are under a afsl - others are not.

They have posted on PI.com

I can't talk people out of these "great returns", their eyes light up.

Cheers Ivan

 

Maybe show them this thread... My "Armchair Developer" Experience (cont. from Somersoft)

 

OK so are they saying you will get a return of 30% on your investment paid into your bank each month?
How is this possible from a development when the profits aren’t realized until they are sold which could take years??

I smell some MASSIVE disclaimers.

 

Perhaps ask your clients if they have heard of Westpoint?

Whilst not directly related, I believe they were a property development mob in WA offering great returns, they went belly up and a lot of retirees lost a lot of money. There was a lot of media attention around it at the time. Google Westpoint collapse.

Maybe a small percentage of their funds invested might be worth risking but it would be horrible to lose a sizeable chunk of their retirement savings if it went the way of Westpoint.

 

here you go....

How To Earn 20%+ Returns From The Comfort Of Your Armchair

By now you've probably seen our emails regarding our Armchair Development Projects which offer investors the opportunity to share in developer profits without having to buy a single property or borrow money.

What you may not have seen, is just how much is being deposited each month into investors bank accounts.

In 2018, we aligned with ISG Funds Management to offer our investors projects within an AFSL regulated environment. Since that time we have launched four projects:



Dakabin Crossing - Fundraise 1

Returns - 21% Per Annum
Status - Closed - Fully Subscribed
Funds Raised - $6,938,000
Project Completion - September 2019
Distributions - Paid Monthly

Dakabin Crossing - Fundraise 2

Returns - 21% Per Annum
Status - Closed - Fully Subscribed
Funds Raised - $4,375,000
Project Completion - February 2020
Distributions - Paid Monthly


East Estate Tweed Heads

Returns - 30.47% Per Annum
Status - Open - 85% Subscribed
Project Term - 16 Months
Project Commenced - 1st February 2019
Distributions - Paid in Stages

Noble Luxury Retirement Living Carindale

Returns - 20% Per Annum
Status - Open
Project Term - 28 Months
Project Commenced 1st February 2019
Distributions - Paid Monthly

Our three projects offering monthly distributions deposited $204,742 this month alone into investors bank accounts!

If you have access to cash through Savings, a Loan Redraw Facility, Your Offset Account or your SMSF, receiving returns of 20%+ per annum paid monthly enables you to:

Pay off your mortgage in record time,
Save for your next holiday
Supercharge the balance of your SMSF or
Simply have extra income to fund your lifestyle

Key Benefits of Armchair Development

High Return Potential – projected returns of 20%+ p.a.
Projected Short Time Frames – Average timeframes between within 12 – 24 months
Mitigation of Risk – Strong security & investment structures backed by tangible assets within an AFSL regulated investment structure
Low Entry Point – Minimum investment from as low as $30,000 - $50,000 depending on the project
Suitable for SMSF investors
Transparency – access to comprehensive documents and data with every project prior to investing as well as ongoing regular updates.
A solution for investors looking for an innovative way to manufacture growth in the property market without having to do traditional borrow, buy and hold investing

To discover more information about our current projects now open for subscription, please reply to this email with:

Your contact number
Best day and time for us to call you

I look forward to chatting with you soon.

Have a Safe & Happy Easter,

 

yes I remember westpoint,

i particularly felt sorry for the retirees who lost everything,

althouhg many people in hindsight will say, they got greedy or the writing was on the wall,

I wouldnt call the majority of retirees investing to be greedy, more so "guillable" or "easily influenced"

 

A little earlier was estate mortgage, many hard working retirees stung there.
Let’s be honest, anyone in this market offering higher than 10% is LYING.
I know lots of people who would invest billions if they could get 20% worry free guaranteed, so why take on more than one client.

 

Exactly.