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

I recently purchased my first investment property, and at hand over last week the capital growth is already at $77,000! Thank you so much to Michael and the team there for making this so easy for me.

Having just purchased my third property through Karen and the team at the successful investor, I just wanted to take the time to say thank you for getting me on the way with my investment property portfolio.
Being a busy professional they took the hassle of finding and co-ordinating the whole project from beginning to end and both my first two properties were quickly tenanted and now cover their own costs completely. Getting closer to having this support me completely!

We were introduced to The Successful Investor in early 2016 and all throughout the experience we felt as though our personal goals were well considered. The options presented to us were in line with our aspirations. We agreed on an investment which worked for us and our experience was nothing short of brilliant with our dealings with representatives from the company, with consistent contact both throughout and after our investment was in place we were extremely happy. We’d have no hesitation in recommending TSI to any of our family and friends.

I went to a forum in Melbourne, it was not pushy and no big sales pitch which was a big suprise for me, i have been to others recently and they all wanted me to sign up on the night. The information was very good although there were a lot of topics discussed, many too many. Question time would be good as well.
I met with one of their agents about the loan they discussed at the forum about helping a relative buy their first home with no deposit, i had never heard of that but now we are looking into it.

Approximate cost: $0

My wife and I purchased an off the plan apartment through TSI 6 years ago, after being told that TSI only use reputable and long standing builders and businesses, that they have had success with in the past. (low risk) Six years later, the complex remains unfinished with the builder having taken off. Our particular apartment has more than $200,000 of defects to rectify. It is unable to be sold and is not up to code. We have had nothing but heartache and stress from this [redacted inflammatory comment] "investment" recommended by TSI. And when we approached them, they washed their hands of any responsibility. Worst of all, they actually called us to invest with them again, without even researching the outcome of our last investment. This company is a joke and anyone wanting to better the future of their family through investment property should steer clear of TSI.

I first met Karen over three years ago and she encouraged me to get going and use the equity we had our in our home to buy an investment property.
I now have three properties and the advice, support and patience I have received from Karen and Daniella has been sensational.
I love the continued support I get along the way and I would certainly recommend the SI to people who are willing to improve their financial situation.

Approximate cost: $400

Unfortunately my experience with TSI has been a very poor one. My property settled $20k under purchase price, others were $60k. After two years I found out there were significant defects. Luckily other owners were qualified builders and identified the issues for the other owners. My apartment has no insulation in the walls, on top of other issues, meaning it would cost over $200k to fix everything! The developer went broke and didn't finish the complex and the builder went bankrupt after an insurance claim was put in. It has been a nightmare! I strongly advise against working with TSI as their checking of developers and builders is appalling. I know they will say this was a one off [redacted unverified claim] Please get your properties thoroughly checked by professionals as I had no idea there were any issues, now I have an apartment that is almost worthless! Financially my future has been significantly compromised because of TSI and their lack of due diligence. The stress and toll it has taken on my wife and I has been enormous.

We love that the Successful Investor team have already conducted the due diligence on the properties and locations prior to offering them to investors. They truly have your best interests at heart and they lead you through every step of the process which is great for new as well as experienced investors. We have already purchased two properties through The Successful Investor (with very pleasing results so far) and we won't hesitate in purchasing our next one through them. Thankyou to Karen, Daniella and the rest of the team. Our financial future looks very positive indeed!

I highly recommend The Successful Investor! I was a bit skeptical at first as I had almost been burned badly before with a similar company. However, I did not pay anything to engage them and the process from meeting with Karen the very first time to handover last week has been so easy. Karen helped me select, inspect and build my investment property and kept me up to date with the financial gain whilst I was waiting to build. Daniella in the office is so helpful, she followed up with questions I had, she liaised with the builder for me where needed, she updated me on progress every week once the build started and she guided me through the whole process. The fact that she is so lovely, was a bonus :) My partner and I are planning to use the Successful Investor again in the future. Thankyou so much for helping me to start my road to property investment, you guys are awesome.

Karen & Daniella helped me through out my journey, they are very knowledgeable and friendly people. I will always recommend them for any investor who is looking to invest in property market

I can't recommend The Successful Investor enough! Karen, Daniella, Denham and the team made the process of selecting, inspecting and purchasing our fantastic new home a breeze. They helped set us up for future success, listening to our requirements and fitting them in with the right location and economic factors to give us the best opportunity for future growth. Thank you and we look forward to investing with you again!

I was very skeptical at first as I found them through Facebook which worried me. But they were very good at walking through the process and our first investment property is now completed. The proof will be long term if the property continues to go up in value so only time will tell. But the service I had from Michael P, Karen & Daniella was great. The builder did a great job and were great at fixing up any small imperfections at the end.
I would recommend them to anyone thinking of investing but as always, do your own research and make sure you are comfortable.

The Successful investor has helped us get into property market and have helped us navigate the right contacts and property to be successful. We will continue to use them for more properties even though they have taught us so well.

A colleague recommended Karen at The Successful Investor to me 18 months ago. I took the plunge and had my 1st investment house built. The whole experience was so easy, I've just purchased my 2nd property through them.
Karen came to me, explained what they do, listened to my needs and concerns, and held my hand through the process. I didn't feel there was any pressure selling. It felt like they didn't need to, they know the value of their service.
Their systems are created that you don't need to devote a lot of time and energy into setting up a property portfolio. They do their part, and can refer you on to other trusted businesses that can support you through the next steps. I recommend Karen at The Successful Investor without hesitation. I will be contacting her again when my 2nd property is finished and has tenants.

I can't recommend Karen and THE SUCCESSFUL INVESTOR TEAM enough. They were extremely helpful, friendly, knowledgeable and Very professional. They were able to help us on a very tight schedule and always willing and able to go the extra mile to help with advise.

I have worked with a number of clients who have put together a property portfolio with the guidance of THE SUCCESSFUL INVESTOR TEAM (Michael & Karen specifically) and I have personally seen their portfolios grow over the last 4 years. My/our clients are also continuously purchasing more investment properties through their guidance. I personally also refer my clients to Karen.

5 STARS!!!

I run an administration service for Self-Managed Super Funds and the way Karen and the team at The Successful Investor look after our mutual clients, as well as people I send to them is both caring and professional, without any sales pressure.
This extra value is the education and information offered which is more than our other clients have received from other property experts and services.
Highly recommend talking to them.

The help from Michael, Karen and staff has always been more than expected - and the Masterclass and special seminars are full of new information and teaching - highly recommended as there is absolutely no sale pressure - you make your own mind up based on their great assistance and knowledge

I am a staff member and investor with The Successful Investor. Having purchased a number of properties (and still accumulating) with The Successful Investor, I am delighted with the capital growth in my portfolio so far. My properties were super easy to let and the Team are always available if I have any questions.

This review is well over due, it's been a year since our 1st purchase of an investment property through TSI. Michael and his team successfully got us to finally take that plunge (something we thought about but never did for years). We are testaments that you don't have to be rich to invest in property. We are extremely happy with our purchase and the whole process was extremely easy with the whole team of TSI with us every step of the way. They are all very pleasant and knowledgable and are there to answer any questions. Looking forward to our next purchase which is hopefully very soon. Thank you so much TSI team. Gary & Sharon