Hey all,
Hope I can shed some light on the Open group. I should firlsty note I am one of the Directors. My first post here. A friend noticed the thred and there seemed to be some uncertainty. This post is not designed to generate business as selling a couple of properties from this thred won't make or break us.
Open Corporation is a public property development company Melbourne, Perth, Brisbane. Broad acre land sub, town house, high rise apartment & commercial office. Current project Val around 280m. We are well established but still not one of the big boys. Open Corporation is my main source of wealth. I sit on the board of this company so I've lots of spare time as I've no role as such.
Therefore I run a division called Open Wealth Creation.
Back in the early 2000's I considered myself a pretty savvy investor. At this time a close friend purchased two apartments off the plan with $400 depoist bonds from none other than Henry Kaye. He told me he was going to be a multi millionare. I was devastated that I never spoke up at the time as he was seriously financially damaged. Since then I've been guiding family and friends on how to invest safely. I use a system I developed called MAP. Best capital city MARKET. Best AREA with a balance of yeild and growth and finally the optimum size and quality PROPERTY for that area. Medium density infill residential.
Open wealth Creation has 100% client satisfaction so you won't find anything negative. No investments are shown to a client unless I would be satisfied adding them to my personal portfolio. This has excluded to date 99% of our own developments. We also disclose all commissions paid to us.
I despise hype property 'advisory' companies where the speaker acts as the pied piper, promote themselves as philanthropists (philanthropists don't promote the fact) use pump up music at seminars or act now tactics to sell overpriced education workshops and the big one is they push poor investments to the uninitiated because the get huge commissions.
The only reason OWC now have exposure is because I started writing a book for my kids on investing which got some very nice exposure. My 4 year old the property investor. I now write regularly for API mag, property observer, smart property investor mag, think and grow rich mag, new wealth creator and my blog.
I'm happy to give anyone all the criteria I use to pick investments with the check sheets I use and they can do it themselves. The only reason people use our service is because they're time poor and want certainty over their investment choice.
Hope this helps
Cheers
Cam
PS, the first property book I read was written by Jan S.