Hi @noeliboy I was looking for a buyers agent for assisting to buy investment property in QLD. So according to his $49 report the best location to buy for long term capital gain is quite shocking but does make sense because the shopping centre gentrification and Disneyland will be opened there. Upper Coomera and Ormeau that's it I've spend some times consulting with him and then at the end of the day I still need to pay some small fee to know his secret location that was early this year. He is now preparing some additional secret suburb reports but still I have to pay for another few to know the secret suburb next year. What about you mate ? Have you engaged with him or still looking for some info.
I've done quite a bit of work with Todd (in the media anyway). I have not invested through him, but haven't used anyone to date as I'm not quite there yet. As a person and knowing his business practices - I think he's a great, down-to-earth person with rock solid ethics (from what I know). But I don't know specifically where he is investing these days and the performance of his past choices. I do know that he is happy to be an open book - ask him to speak to his past clients, ask him about where he bought and when, his own portfolio etc and I'm sure he will be more than happy to answer. I know the strategy in the past was often buy in cheaper areas close to CBDs (e.g. Ipswich, Qld was a big one he has invested in), do them up with a quick reno, rent them out and await the capital gains.
Here's what he predicts: As you can see both of the suburbs is now on upward swing, so it is the right time to buy. @noeliboy there you go mate, save you from buying $49 secret suburb reports and also the graph was taken today 14/12/2015 from the $49 weekly subscription website. Let us know how your success investing in either those two suburbs.
I have invested with Todd. In Upper Coomera in June 2014. He buys in areas that have under performed for around 5 years but have signs of an upswing. For me he and his group have been ethical and very helpful. He negotiates hard, he bought a 4x2 for us for $348k, renting at $425. Here we are two years later and the median is $437k. I've bought a dozen properties myself but living in NSW now I didn't want to buy myself in QLD. They offer good follow up service and manage the manager for you as well. I'm buying with him again next month. Another 4x2 bought for $370k, renting for $380 in a suburb with a median of $453k. So I'm a happy customer. I don't expect either suburb to be stella performers long term, but the trade off is strong yield, low maintenance, good depreciation, bought well and decent growth in the 3 to 5 year timeframe.
@noeliboy I have had a few clients who said they had previously checked him out, so the following comments are from them not my claims or making positive or negative comment. I have heard No horror stories of rip offs or no service. But they said it was "his way or the highway" regarding location that turned them off. So if you want to suggest your own locations I think you will hit resistance. If you just want him to tell you what to buy and where perhaps its a fit.
yeh i think he targets a state/ area chosen by himself, as opposed to clients engaging him to buy in a specific location. if i recall correctly he is (or recently was at least) targeting Canberra, dunno where exactly though
and Perth..... he likes to get in on the ground floor, before the herd. I also like Perth...especially if you are willing to take a 5+ year view...
keep in mind too that the horror stories re Detroit are based on the inner Detroit council/municipality. city of Detroit outside this area has actually long been a stable and from memory more affluent area than the American average. think of it as Brisbane city Council vs Brisbane the capital of queensland
Agree on the first part. The inner areas of detroit means you will need an ak-47 under your pillow. The further out aubutbs of detroit are old money- mostly from decades of car money. Quite leafy green amd gentrified outer suburbs. Just the opposite of BCC. Bcc is safe and gentrified mostly( and this is reflected in bcc prices) , unlike the inner detroit.
Jesus it wasn't a direct comparison, it was an example of how an entire city can sometimes be lumped into discussions when people are just referring to a particular section eg there is an affluent area cinsisting of a few suburbs that starts 6km from downtown detroit but has $110k household income vs 24k in Detroit.
From $20k to $25 Million: The Chris Gray Story Chris Gray is the property strategist with a $25 million property portfolio who still rents. New Ten With Ty Podcast » Listen or Watch Here
