Thrilled with Michael Sloan's expertise at The Successful Investor! Bought three investment properties and couldn't be happier. Michael's approach aligned perfectly with my financial goals. His communication and proactive guidance ensured a seamless process. The results surpassed expectations, . Michael's passion for helping people shows through the whole experience. Grateful for the outstanding outcomes and excited about the continued partnership with Michael and The Successful Investor in my investment journey. Highly recommend for anyone seeking a knowledgeable and results-driven advisor.

these people are just realstate agents , only after a quick sell so they can get there commission ,
better off doing your own research, not that successful as the name states

This is information for you to decide what to do with.

Through Michael Sloan at The Successful Investor, we purchased a property in 2015 for $434,900.

With stamp duty, etc. total purchase cost was $450,000. In 2020 we sold the property for $430,000. After selling costs we ended up with $413,470 in our pocket.

Rent less interest, maintenance, rates etc., plus tax depreciation resulted in an annual running surplus of $1900.

Total loss over the period was $28,930.

Rental growth over the 4 years was 0%.

A very poor asset.

Before engaging them, questions to ask TSI:

Who pays TSI. Tip: whoever is paying them is whose interests they are acting for (the developer). Pay someone to act on your behalf if you don’t have the knowledge yourself - they will then look after your interests.

How much will a brand new property reduce in value in the short term – you are paying for the developers and TSI profit margins

How will the other land released for subdivision in the area impact my property price? Tip: it will increase supply in the area, therefore reduce demand for your property resulting in price stagnation.

Just because it is a growth corridor, does this mean that prices will increase? Tip: no, it won’t. If there is continued release of land then supply will exceed demand, and prices will stagnate.

Why is a Rental guarantee needed? Someone pays for this (you). If the property was good it wouldn’t be needed as there would always be strong demand from tenants.

TSI will spruik plans for railway stations, etc. in the area. Don’t buy in to this unless the assets are physically being built, as chance are they won’t go ahead or be significantly delayes.

How will this asset standout from others in the area so that it encourages competition from potential buyers?

Areas to research:

Research the suburbs Demand Supply Ratio - if it’s below average don’t touch it

What attributes make up a buyers advocate? Do TSI qualify, or are they property spruikers?

Research what types of properties are attractive to both investors and owner occupiers. This is what creates an investment grade asset.

Research what factors drive property prices up (income growth, scarcity), and will those factors happen in the area you are purchasing?

If you don’t have the knowledge yourself, look for industry recommended buyers agents – The Property Investors Council of Australia (PICA) is a good place to start.

Google property investment advice, and research independent property investment advice. There are plenty of podcasts which do not try and sell anything, but offer a good education of the property investment process.

Not only did my mistaken investment cost me $28,930 in losses, the opportunity cost I’ve lost if I had invested in an asset over this period that was truly investment grade well exceeds $100,000. This is my first investment mistake in over 23 years of property investing, I will stick to buying quality properties, in areas with high demand, and close to major cities with high owner occupier appeal.

Comparing it to TSIs sales brochure which they forecast 6% annual price growth, and above inflation rental growth, the asset underperformed by well over $100,000 in the time which I owned. Also, the data which I am now able to access shows the area will continually underperform the market for many many years.

Be careful, and do your research.

TSI have a slick sales operation, look for reviews after they’ve held an asset for a long time before deciding to invest with TSI. This will give you a getter indication of success.

I am posting this so other investors make informed decisions, and don't go in blind.

Do your homework, get educated before engaging anyone.

Note: I emailed this to Michael Sloan on 08/04 prior to posting on 14/04 without receiving comment.

Scott

For a newbie into the property market both Karen and Daniella made the entire process very stress free. I cannot recommend them highly enough and will definitely be using TSI again.

Property Investment is made easy by TSI. Karen and Daniella have been absolutely fantastic. You don't have to be a master at property investing, leave that to TSI. The analysis and research done by Karen was spot on.

As a novice into the Investment market, the information and guidance from Karen and Michael made us understand how easy it could be to obtain a property portfolio. Their attention to detail with the sites was proven in the quality of each unit and attractiveness for potential tenants.

They also helped find allied groups and experts to assist us with the management of our properties - which minimised time from acquiring the properties to getting tenants.

Karen's attention to detail in following up throughout the process meant we always knew what was happening. Many thanks Karen!

We have been with successful investor for a number of years now, we have one house and a unit. Both are meeting or exceeding expectations which is great.

The right advice, friendly easy to deal with and not just the direct person we deal with the team behind Karen are fantastic as well.

Thank you for all your support and advice.

We have just successfully leased our first investment property and we are so excited about that. The capital growth has been amazing. Karen expertly guided us to a property that was financially right for us, walking us through the process and always making herself available to answer our queries. Daniella was great at handling the building process for us and always ready to assist. we really felt supported by the TSI team and feel that the whole process was made so easy and comfortable knowing that we were being guided by experts in this field.

We recently purchased our first property and the entire process has been hassle free. The house constructed is of good quality and the land value already increased by more than 10% in the last year. Daniella has been great during the construction process and advisory team led by Michael Sloan have provided valuable insight on merits of new properties. Thanks

This is my second property through TSI and it has been pretty seamless and good property advice as the property was sourced in Mickleham and has done what TSI said and exceeded my expectation. Special thank you to Karen Waddell for ongoing support and Daniella Perri for all the building communications and other staff there who were behind the scenes, they walk you through the experience and provided professional service. Communication is important and I found I was always kept well informed of changes, Thanks