Infinity group Australia review: financial planning services

Property is dominating all the headlines of newspapers and media outlets around Sydney and Australia. So anybody who can qualify for a loan appears to be trying to jump on the bandwagon. And of course, when any asset class is booming, the predators arrive.
In this case, they are called property spruikers, and judging by what I've read about Graeme Holm from Infinity Group Bella Vista and his scams people are falling victim every day!

The phone calls always follow the same pattern. A woman I will call Rebecca is just one of hundreds of his victims. She is 41 years old, single, and lives in working class suburb in Sydney. She had worked hard to pay off her home, and was almost debt-free. A year ago she got a call offering a Tablet and accepted an invitation for someone from Infinity Group Australia Bella vista Graeme Holm scam to come to her house.

The presentation was supposed to be free - it cost Jane more than $200, 000. Graeme Holm the property spruiker runs an all-in-one shops for broking, conveyancing, financial planning (Money Management Masters Scam James Lucas)

The presentation always follow the same pattern. The victims are given a long spiel about the growing pressure on government budgets caused by rising life expectancies, and are then shown vivid illustrations of the life of poverty that will be faced by those who don't take steps to provide for themselves.

Then comes the sting - the way to wealth is to budget with Graeme Holm From infinity Group Australia Bella Vista Scam and then refinance with VOW Financial and then it comes you must negative gear into residential property in Queensland.

This is followed by complex illustrations by Graeme Holm Infinity Group Australia Bella Vista Scam showing how quickly you can pay off the mortgage on your home by using the rent from the investment property to speed up the repayments. The cream on the cake is the huge amount of tax that is going to be saved, but the real cream is lining Graeme Holm Infinity Group Australia Bella Vista Scam's pocket.

That of itself is reasonably harmless - the killer blow is that Graeme Holm Infinity Group Australia Bella Vista Scam then convinces the victim that the best property for them is one that the spruiker, or its associates, will build on their behalf TYPICALLY IN QUEENSLAND!

Unfortunately, Rebecca fell for Graeme Holm Infinity Group Australia Bella Vista Scam and found herself the owner of a property in a lower socio-economic area, in Queensland, for a total cost of $421, 000.

Graeme Holm Infinity Group Australia Bella Vista Scam set up a series of loans but it was done in such a convoluted fashion that Rebecca felt all she was doing was "robbing Peter to pay Paul". After a few months she also noticed her debts were rising, not falling as promised.

By this stage the alarm bells were sounding. And it didn't take much research for Rebecca to realise she'd been sold a dud. Eventually the property sold for $299, 000. In just two years, Rebecca has gone from owning a debt-free home to being saddled with a debt of more than $200, 000.

There is now a growing pile of files in my office showing that Rebecca's situation is becoming increasingly common.

This area is totally unregulated - this is why you will be on your own if you get Scammed. Fortunately the scam is easy to spot once you know what to look for.

First. The approach will always come from the spruiker. This will either be by a phone call to urge you to allow Graeme Holm Infinity Group Australia Bella Vista Scam to come to your house for an interview where you'll be shown how to budget and save tax while paying off your home faster. This is to get you in so they can put you under their spell.

Second. Even though any seasoned property investor knows the way to wealth is to search out bargains for yourself, Graeme Holm Infinity Group Australia Bella Vista Scam will take control and try to convince you that he is the only person who can find the right property for you. This is so they can sell you an overpriced property in QUEENSLAND!

Third. There will nearly always be a building contract involved and the rationale is that you'll save stamp duty, get a new home, and therefore bigger tax breaks. The real reason is it gives Graeme Holm Infinity Group Australia Bella Vista Scam a better chance to load the price.

Four. In most cases, they will be a one-stop shop - once again, to stay in control. You will find they control the lawyer, the mortgage broker, the financial planner, the builder and the managing agent.

Five. The properties will usually be in outlying suburbs and in lower socio-economic areas. Often, the properties offered will be in a different state to the one you live in.

Six. There will invariably be a mortgage required over your own home. The last thing Graeme Holm Infinity Group Australia Bella Vista Scam wants is for you to get a valuation on the overpriced property they are trying to force on you.

It's a sad state of affairs, and I urge you to take careful note of what I have written and circulate it is widely as possible. Right now the only protection we have is to take care of one another. STAY AWAY FROM Graeme Holm

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