I’ve recently been approached here in Canberra by a sales force working for “Liberty and West”. They’re proposing to put together property research, mortgage offers and tax calculations to help me build a real estate portfolio. The sales rep wanted a $200 payment to secure the next meeting where they’d supply a selection of properties they’ve researched that would be in my budget, along with a recommended mortgage to go with that property, mine to choose for the paltry sum of $2000.
The glossy brochure is high on gloss and promise and quotations from motivational speakers that I’ve never heard of. It’s very light on numbers, and the sales guy wasn’t particularly keen to go into detail about how much I’d be paying to whom and when.
Negatives that have my spider-sense tingling include: light on detail, high on hype, pithy quotes from unknown motivational speakers, brochure full of “ownership” and “wealth” imagery, push to get my money from me on the spot (sales rep had the EFTPOS terminal in his bag), and evasion of questions about the service. I cannot find a Product Disclosure Statement anywhere on their site.
While I really like the idea of having some folks out there doing the property search for me, and I’d be willing to pay them handsomely for their efforts, I want to know how many folks out there have had contact with this company, who does business with them and would you recommend them?