Property spruikers named and shamed – Ben Kingsley

Property spruikers named and shamed – Ben Kingsley

 

More than 86 property spruikers have been nabbed in a co-ordi­nated effort to stop promoters duping investors with unfair rent-to-buy schemes and “free” investment seminars.

Kevin talks to Ben Kingsley, Chair of Property Investment Professionals of Australia, about the findings, the culprits and how you can protect yourself against these schemes.

Tags:
Kevin Turner
kevin@realestatetalk.com.au
34 Comments
  • Greg
    Posted at 22:12h, 07 August Reply

    Hi Kevin

    Where can I find the list of the 86 spruikers

    Thanks : )

    • steve
      Posted at 11:14h, 12 August Reply

      WHO ARE THE 86 SPRUIKERS???

      • Kevin Turner
        Posted at 16:34h, 12 August Reply

        I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

        We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

        There is good information on the PIPA site to help identify scammers.

  • Craig
    Posted at 08:06h, 12 August Reply

    I would also like to know were this list is please.

    • Kevin Turner
      Posted at 16:35h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

    • Greg
      Posted at 17:36h, 12 August Reply

      Hi Kevin

      Lots of listeners asking the same question…..
      Hopefully the list is release from the Office of Fair Trading to PIPA and then promulgated.

      Hope you can also monitor this topic and do a review when the list is made available.

      Thanks for the insight and you good work.

      Regards

      Greg : )

  • Dennis
    Posted at 08:11h, 12 August Reply

    Hi

    Please guide us how to find the list of 86 spruikers. This will allow your audience to know how to research any future spruikers and assess their credibility when making a decision..

    Thanks 🙂

    • Kevin Turner
      Posted at 16:35h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Teresa
    Posted at 09:51h, 12 August Reply

    Hi Kevin,

    I’ve the same question as above (Where can I find the list of 86 spruikers?)

    Thank you.

    • Kevin Turner
      Posted at 16:34h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • andy
    Posted at 09:57h, 12 August Reply

    Hi Kevin

    A list of the 86 spruikers would be fantastic I can name one ,but,,,,,

    • Kevin Turner
      Posted at 16:34h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Tia
    Posted at 10:02h, 12 August Reply

    I would also like to know where to find the list of 86 sprinklers. Thanks.

    • Kevin Turner
      Posted at 16:34h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Lys
    Posted at 10:47h, 12 August Reply

    Great Website & weekly program Kevin , has helped me alot . Was wondering the same thing as Greg , where can we get that list of 86 spruikers .

    Thank you!

    • Kevin Turner
      Posted at 16:34h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Alex
    Posted at 11:26h, 12 August Reply

    Hi Kevin,

    I’d like to know the names of the 86 spruikers.

    Thanks.

    • Kevin Turner
      Posted at 16:33h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Karen
    Posted at 13:48h, 12 August Reply

    Hi Kevin

    Where can you find the list of the 86 spruikers?

    • Kevin Turner
      Posted at 16:33h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • Greg
    Posted at 15:03h, 12 August Reply

    I hope you added the victorian state trustees in the list. Going under the name of GOVERNMENT PROPERTY TRUST they stole $186000000 from mum and dad investors,and they lost the lot. My partner lost over $1000000 and no one wants to do anything about it.

    • Kevin Turner
      Posted at 16:36h, 12 August Reply

      Thanks Greg

      There have been many people wanting to get the list but I guess, from what you say, you already know at least one. Sorry to hear about your experience.

      Regards
      Kevin

  • Nick
    Posted at 16:17h, 12 August Reply

    Where do we get the list please?

    • Kevin Turner
      Posted at 16:33h, 12 August Reply

      I know that PIPA is trying to get the full list from the Office of Fair Trading but at this stage, unfortunately, we can only mention the ones we mentioned in the interview.

      We will publish the list as soon as it is available and it will also appear on the PIPA site http://www.pipa.asn.au

      There is good information on the PIPA site to help identify scammers.

  • EducatedRealist
    Posted at 10:23h, 15 August Reply

    This interview was extremely skewed and exaggerated. Let me balance it for you. Read below and ask yourself this question; “Is this the type of person they described in the radio article I just listened to?”

    This is my property education;

    I was educated by a very well known PIPA member company, Destiny Financial, founded by Margaret Lomas.
    I was also educated by Rick Otton in Vendor Finance.
    I have also been educated by a very good developer and development trainer, Nhan Nguyen.
    I have been educated by Dominique Grubisa in strategies that involve a mixture of all the above, including negotiating with banks/financiers for distressed property and renovation for profit.
    I have completed a Cert IV in Mortgage Broking and Finance and am working towards Credit Representative.
    I am a licensed Real Estate Agent.
    I continually educate myself in all matters property and finance.
    I have two university degrees that have nothing to do with finance or property.
    I also apply my knowledge with my own investments to build wealth for my family.
    I own multiple “buy and hold” investment properties that are cashflow positive.
    I have completed renovation, small development and vendor finance properties both on my own and with JV partners and property project managers. (JV partners and property project managers bring far more reward in every way.)
    I am a good, moral person that seeks win-win for everyone involved.

    Through consistent application of this education, and taking action, I have built a portfolio of cashflow positive properties, made instant capital gains of over 30% return on capital in 3 mths or less, I have participated in Joint Ventures with other like-minded investors. And I have helped distressed homeowners get out of bad investment properties whilst helping keen new homeowners to buy these same homes. I haven’t lost money on a single investment, nor has anyone I have worked with.
    I have met (and joint ventured with) investors like me that have made over $100k on investments involving only $300-400k total investment. It takes massive, dedicated effort, guts, application of knowledge, overcoming fear, dealing with failure and taking action. Lots of action.

    I’ll ask again, “Is this the type of person they described in the radio article I just listened to?”

    If your honest answer is “no”. Then ask yourself, “Is it possible the radio article is not sharing a knowledgeable, balance viewpoint on the topic of vendor finance?”

    Be honest with yourself please.

    • Summer
      Posted at 07:16h, 19 April Reply

      Hi, I have also done Nhan’s Mentorship and Cheries RFP course and have implemented their strategies. I was hoping you could provide feedback on your experience using Dominique Grubisa’s system of purchasing from sellers motivated by the 3 D’s? Do you recommend it? Can you elaborate on it’s effectiveness?

      • Kevin Turner
        Posted at 10:06h, 19 April Reply

        Thanks Summer. I have not been to one of Dominique’s seminars but I guess like everything you need to attend with an open mind and work out if it is the right strategy for you. I don’t personally recommend any system or course but we are happy to support those we give publicity to, as I believe it gives investors the opportunity to be educated by a wide variety of speakers. Kevin

  • Ash
    Posted at 20:32h, 19 August Reply

    It looks like list of names of the 86 spruikers is not out as yet. Any idea when it will be available ?

  • Mark
    Posted at 14:07h, 31 August Reply

    Hey Kevin, it would be interesting to see the list.

    I hope Dominique’s name doesn’t appear on it as I personally know people I met at Stuart’s Zadel’s seminar which have made a lot of money from her strategies, even in bad markets. Check out Jason and Hayley’s story on my site http://www.bestpropertydevelopmentcourses.com.au/

    They found the deals using her strategy and used a money partner to buy and renovate. This resulted in $60,000 profit from no money down. It’s not easy but possible.

    Yes, I do promote her course and I’m happy to do so as there are a lot of people who have been successful in real estate from her.

    • Kevin Turner
      Posted at 08:33h, 01 September Reply

      Thanks Mark. I am pleased that it has worked so well for you. Kevin

  • wendy scott
    Posted at 13:07h, 07 March Reply

    I am interested to connect with you re: Dominique Grbisa whom I have signed up with for a course 6/3/17 and am now a bit concerned that I may have made an incorrect decision.

    Wendy

    • Kevin Turner
      Posted at 14:55h, 10 April Reply

      Thanks Wendy. happy for you to email me if you would like – kevin@realestatetalk.com.au

    • Brenton
      Posted at 18:59h, 19 October Reply

      Hi wendy, i have just been to dominique grubisa’s seminar and am thinking of signing up for her property rescue (securing distressed properties). Has your experience been a positive one or is this a scam?

      Thanks

      Brenton

  • jayne saunders
    Posted at 12:53h, 21 August Reply

    wendy scott you have NOT made a bad decision, Dominique is the real deal. She could not keep her law licence if she was found to be shonky.
    this list is still not available over 2 years after it was publicised. I think it was just a scaremonger tactic from some unprofitable business people.

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