All smoke and mirrors, run by a bunch of kids. I had some time to reassess my SMSF, so I thought it might be an excellent opportunity to look into options. After dealing with the consultant who was only presenting properties that they had relationships with developers, I repeatedly told them I didn't want to buy only the opportunities they had with developers, (and they also got kickbacks from these developers). They claim to ‘give you 20k off’ properties with excellent rental returns, but that is just the starting price you could have negotiated yourself, possibly more than $20k off the buy price. There is so much to this story, too long to write here, but in short, we paid $30k for a bad deal, so we asked for our fee back. They said no, they'd only find me a replacement property, So we lost $30k and walked away! To make matters worse, we had the ATO breathing down our neck about every dollar that came out of our super, I have just finished the audit and the stress of it all this year. The ATO is cracking down on SMSF and the needless spending from them. Also, they make you sign a letter saying you're not allowed to leave reviews. Imagine how many other people are scared to leave reviews out there. Crazy, right? Trying to control the narrative. Anyone who makes you sign something saying you can't tell your experience online should be your first red flag!
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