Aussies Hit By Financial Scams
Consumer Affairs Victoria estimates that Australians lose $57 million each year in investment and financial scams.
The CA office receives around 300 complaints about such scams annually.
It estimates that every year an estimated 5600 Victorians fall victim to financial advice scams.
The Successful Investor director Michael Sloan is unsurprised by the figures. He says unscrupulous real estate agents, property investor advisors and financial consultants are guilty of a number of strategies that at best are shady, at worst are borderline illegal.
One of these strategies is listing investment properties well above their fair market value. Michael Sloan says, “They then attempt to sell to potential buyers, especially people who don't live locally. When the owners decide to sell, they discover they will suffer an enormous financial loss, simply because they bought too high at the outset.”
Practices like this were the reason Michael Sloan and his wife Laurel set up The Successful Investor. He says they were tired of seeing hardworking Australians miss out on potential wealth because of bad advice, lack of knowledge and poor investment choices.
His Melbourne-based company specialises in sourcing high quality investment properties that have immediate and long-term earnings potential. The company offers only properties it has personally and comprehensively vetted, are built by trusted qualified tradesmen and marketed by trustworthy developers. Properties must also exactly match the needs of investors.
TSI also offers free advice to property investors so they are not taken advantage of by unscrupulous operators and offers a buy-back guarantee on most properties.
The company’s unique business model has resulted in rapid expansion and now has offices in Victoria, Queensland, WA and NSW.
For more information contact:
Michael Sloan,
Director
The Successful Investor
T: 03 8413 8888
E. michael@thesuccessfulinvestor.com.au
W: www.thesuccessfulinvestor.com.au
[Consumer Affairs Victoria website – http://www.consumer.vic.gov.au]
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New Office In Western Australia
The Successful Investor has opened a new office in Western Australia.
Director Michael Sloan says the company's successful business model means it is expanding rapidly, requiring new offices across the country.
TSI has appointed Steve Fairbairn as State Manager for Western Australia. Steve brings with him a background in property and financial investment and is, says Michael Sloan, adept at making the process of property investment logical, simple and low risk.
"One of things that impressed us about Steve was how he gets a kick out of a client’s realisation that an investment property portfolio is not only attainable but also affordable. Putting our clients on the path to financial wealth and steering them away from financial ruin is one of our key aims."