Property Investment Scams And House & Land Packages And How To Avoid Losing Money With Developers

The Three Reasons I Have Turned Down Over $300,000 This Year And Why This Will Save You Even More

You Should Run Away From These Scams. If it’s too good to be true than it is. Don’t buy house and land packages and don’t be sucked in of “paying your mortgage off in 7 years”.

Chapters:
00:00:00 - Why I Turned Down Over 300K This Year
00:01:50 - Marketing Opportunities in Western Brisbane
00:03:33 - The Illusion of Guaranteed Cash Flow
00:05:03 - The Truth About Depreciation and Positive Cash Flow
00:06:27 - The Downside of Buying New Properties
00:08:03 - The Reality of Finding Tenants
00:09:34 - The Reality of Property Investment
00:11:00 - The Risks of Off the Plan Purchases
00:12:30 - The Temptation of Property Marketeers
00:14:04 - Stay Educated

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[timfudy]

I have a friend who got sucked into one the scams from PWC, he's so called financial advisor steered him into an investment property in Crestmead QLD and the rent wasn't enough to cover the loan and the interest rates jumped up, he was forced to sell the house at a loss and spend the next 8 years dealing with an empty debt with zero help from the banks. Beware people.

[jaddyjacobs]

Thanks again 👍 appreciate your help! My wife and I were taken down this road but at the last minute we opted out. Thank goodness

[paruloberai]

What about the lower stamp duty you need to pay for house and land package where stamp duty is only on the land vs the established house.. easily saves around 15-20k... also lower maintenance costs?

[yanhuaxu]

I gad a bad experience with buyers agent last year. Luckily at the end, didn’t go ahead although lost over $1k, leant a lesson!

[Livingforthenow]

Thanks for the video PK. What is your advice for a first home buyer looking to start their property investment journey at 40K in Melbourne, what are some suburbs do you recommend? I have been looking at building out near Werribee - in Tarneit, it’s impossible to buy anything established in Melbourne for my budget.

[chollypaderanga]

You’re very correct, PK! We almost 😅 got into this.. what you said are all correct..

[dave]

Yes, by picking a right location first and then finding a house in that suburb will put a smile on ur face in long run.

[hayleysummers]

Hi Pk. How can we get in touch with you for help!

[Fortnitegamer]

Thank you PK, very good insights. I've been asked to Buy Home and land package at White Rock, QLD. I've been given all the hopes you have shared, what is your view on White Rock? please advise

[paulinezheng]

That means it's not worth to buy land and house package

[bluesky]

Thanks PK. Random question- I am
Keen to buy brick house for my IP but just came across timber weatherboard house deal - just wondering your thoughts on brick vs timber weatherboard house ? Hope you will respond

[gagansingh]

Exactly My situation. Same 2 same words. Pheww i didnt rea;ise earlier. :(

[yassodinho]

Would there be any instance where a house and land package is an actually good deal?

[dyland]

Hi, do you know if maple property group is legit?

[sadeqelmaazouzi]

Not true, only 50% is to be substructed from the total base costs if you sell 12 months after signing the contract. So you are still 50% better off.