Freedom Property Investors

[basilio]

I was with a walking group on Saturday and one of the group was talking about just signing up with Freedom Property Group to set up a long term property portfolio.

Didn't say much at the time because she had already made her decision and I didn't know much about the org. I did some research and wondering if anyone else on ASF has direct or indirect knowledge of this group and its role in helping people build a profitable property portfolio.

 

[basilio]

This forum has a long term thread on the company.

Freedom Property Investors

Can you provide the name and postcode of the suburb in which your purchased and the month you bought there? It’s Lucas , Ballarat.

www.propertychat.com.au

 

[basilio]

Just flicking through the above thread and I had to cite this post.

I've been watching this thread with interest and I have some insight to add because I was interviewed by Scott Kuru last year for a property sales advisor role. It was not a pleasant experience for me as he was quite rude to me and needless to say I did not take the job.

I’m not sure why he is being so secretive about how they earn their money because he was happy to brag about it to me when we met.

He told me the commission I would personally make per property sale would be between $5,000-$10,000. That's $5k-10k per property sale in my pocket, he told me I should average about 4-10 sales per month earning me up to $100,000 PER MONTH IN MY OWN PERSONAL COMMISSION!

He also informed me that the sales people are earning between $300,000 - $1,000,000 + per year and the telemarketers earn $100,000 - $300,000 per year?? That doesn’t seem right but that’s what I was told.

They wouldn't be paying their sales people this much if they only earned $12,000 per deal so that number was clearly a made up and bogus number. Simon's calculations on their commissions is spot on.

Scott or Freedom earns $40,000-$100,000 in commission for each property he sells. So effectively as a customer you are paying $3,000 just so you can then pay them let's say on average a further $50,000 for each property you purchase through them. They also do your financing in-house which they make a commission on (no idea what the fee is on the lending side but i'm sure it's significant).

They are making money off you, the customer left right and centre through joining fee, large commissions on property and finance. He told me most people by more than one property at a time so the commission then would double or triple from $50k a pop!

Most of their customers are first time investors and generally not very savvy about the property market and they have no idea they are paying these commissions and instead they believe they are getting some sort of a discount, they believe the $3k sign up fee is all Freedom are making from them. It’s quite sad really.

I feel there are several conflicts of interest in how they operate. There is nothing wrong with making commissions or a fee for service or advice but when you are taking money from your customers at every turn for joining, advice, selling property and financing it definitely raises some red flags about the integrity of the business and the advice they give you.

30661, 28th Jan, 2021

#72



Matt L, megsfan, Guy_Lander and 10 others like this.
https://www.propertychat.com.au/com...m-property-investors.43673/page-4#post-962506

 

[Dona Ferentes]

yeah, well... spruiking never goes away.

 

[basilio]

Ouch ! I just realised I had made a mistake in the initial posting.
The company I was referring to was Freedom Property Investors. (There is a different company called Freedom Property Group)

About Us | Freedom Property Investors | Australia’s #1 Property Investment Advisory

Led by Australia’s #1 property experts, Scott Kuru and Lianna Pan, Freedom Property Investors transforms lives with safe, strategic investment guidance from our 300+ experts.

freedompropertyinvestors.com.au

 

[Dona Ferentes]

@Joe Blow could change the title