We're looking at buying an investment property, getting closer to retirement and can't rely on super.
The property would be in another major city, many hours drive for us so on the ground research would be difficult.
We've looked at many of the companies that can help with purchasing, some through renovation, others just for mentoring.
One that we follow with their podcasts and forums looks good but we're just not sure on paying a lot of money for this assistance when we really don't know much about them.
The company we're looking at using is called Open Corp, just after any information others may have on them, past experience, ongoing business relationship, recommendations etc.
We've done some research but don't find a lot apart from testimonials on their website etc.
Any information appreciated, or suggestions on another company you have found useful, good value and would be happy to use again.
Purchasing an Investment Property through a Third Part, Not a Buyers Agent
Last edited 23/02/2018 - 18:12 by 1 other user
Comments
They aren't a not for profit company. They are there to profit from you.
You can easily do what they do, it just takes time to research. It's like buying prepackaged meals - it's about convenience.
Only you can decide if taking the advice of a self interested company and investing hundreds of thousands of dollars is worth it for convenience.
Me, i don't trust anyone else with my money. I work in the finance industry and i can tell you hand on my heart at our sales meetings we don't discuss how to be more caring with our customers. We talk about how much we can squeeze out of customers cause I want a bigger bonus
Yep even if they were legit, their best interest is themselves not you.
The margin on rental property is too small for having that kind of service. You'd be better throwing your money on a savings account.
Australia property relies on capital gains. Getting 5% return before tax is considered a good return. After tax is another question dependent on your own tax situation. Then there's the risk involved…
Unless your're looking at a landlord market like Sydney, the risk involved can be huge
If they are performing real estate agent work they must be licensed as a real estate agent.
That will provide you with some level of protection.
If they are not licensed - run!I can help you. I believe I've read enough forums around these parts to be called an expert.
First thing first, we need to hire bikies
Surely you can do this yourself given your spending multiple hundreds of thousands.
probably a scam