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Thread: H.I.A Group Ltd

  1. #1

    Default H.I.A Group Ltd

    Anyone used or heard about these guys selling investment properties?Whats the feedback like?

  2. #2
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,737

    Default

    I have no affiliation with H.I.A.

    Yip, that's my client. It was sold to the client on the basis of tax returns and negitively geared for 20 years (that's the way I understand from their discussion with me). Interest only loan (not all that bad but 20 years?)

    The clients are a couple. No children just yet but you can guess what will happen should she become pregnant and give up her job.

    Understandably, the client is expecting $420/week.

    No takers at that price, none so far at $395 either.

    Will be chatting to them this week if today's advert doesn't bring a suitable applicant.

    Not a good market at the moment to begin as a raw Newbie.
    Last edited by donna; 27-07-2009 at 06:21 PM. Reason: quote removed - legal requirement

  3. #3

    Default

    Where do they make there commission?Is it just on the property management?

  4. #4
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    3,936

    Default

    i have one property managed with them in CHCH. So far they have been OK.

  5. #5
    Join Date
    Jun 2004
    Posts
    10,313

    Default

    Quote Originally Posted by Monkeyboy View Post
    Chances are the solicitor and accountant pay a referral fee too.

    Now I'm not saying this is all a bad thing, but personally I think you can do better without these additional costs.
    I think using a recommended solicitor and accountant IS a bad thing. Nothing like having someone with a few degrees of independance watching your back.

  6. #6
    Join Date
    Mar 2008
    Location
    Auckland Wide
    Posts
    1,244

    Default

    Yeah I am with you on that one Wayne, especially the solicitor. Its amazing how many people approach their solicitor only after signing the legal document they intend to get the assistance with.
    Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
    My Website
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  7. #7

    Default dealings with HIA Group Ltd

    My parents brought a property from HIA and they have reccomended we go and see them they said they were really great and helped them with all their debt and budget so I assume they do more than just sell investments??????

  8. #8
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,757

    Default

    Almost has all the hallmarks of
    a franchise-type operation, with
    the franchiser clipping every ticket
    that may be involved.

    If LouLou is right, that 'style' may
    suit some people. So be it. I guess
    there are more roads to passive
    income than just the ones we do
    know about, already.
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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