Hi we can do a transfer of name....but of cos there is some fees involved.
Do let me know..
This is a discussion on Is land-banking a sound investment? Or Scam? within the Financial Asessment and Planning forum, part of the Home Planning Forum category; Originally Posted by Daddy D I agree... end up you can't sell or terminate... kena leeched dry by them... wonder ...
Hi we can do a transfer of name....but of cos there is some fees involved.
Do let me know..
hi all, just chanced upon this thread about walton landbanking. i think its only fair i give some input the negetivity w my personal experience. i have investment in walton too, in edmonton canada. n just FYI, i just got confirmation of developer offer for the investment in m in at walton. n the offered price of the land is slightly more than 3 fold increase from the initial price. long story short, compounded return over the last 10 yrs at 10plus %. even after paying off the remainder of the mortgage loan. n guess what? that is only for 50% of the land which developer wants to buy now. i still have 50% for future exit at a definitely higher price w no more installments to fork out. why? the current sold off development will make it even more attractive for the land that is left. meaning all in all. its going to yield i dare say much more than 100% returns overall once its fully exited out.
just do yr due diligence, investors who have parked their money w walton n see it to maturity have never lost any money. all walton owned projects is audited n verifiable. its a totally different model of operation from those companies in the UK. their track record speaks for itself. ( not those who sold off halfway before project exit because they need money halfway)
i dont work for them, neither do i promote for them. i just wish to clarify, that this is only good if you dont have to touch the sum of money put in for the duration of the investment. its simple enter n exit.
Anyone heard of Grandtag A2A? They are promoting a piece of land near Niagara Falls. each plot it at CAD 10,000. Within 4-7 years, they say can generate CAD 20,000. It sounds good. The plot is at quite a good location, with companies, factories, school, casino, the falls all within 30 minutes or less. It's near a major highway that connects from canada to us. it is just 15 minutes away.
If you are thinking about trashing cash into landbanking, please read the web article below and ask yourselves a few questions:
(1) Will you be so silly as to use your hard-earned money to pay for a piece of wasteland drastically marked up 5.45 times or $54,500 per acre by the landbanking company immediately after it had purchased the wasteland at cost $10,000 per acre?
(2) Who has pocketed the quick and fat profit of ($54,500-$10,000)*355 acres = $15.75 million? Why would a landbanking company need a hefty additional $15.75M of investors’ money for expenses leading to sales or exit of land? Where has the additional investors $ gone to???
(3) Do you think you can still make money after the wasteland has been drastically marked up 5.45 times by the company? Would you buy a stock at $50 from a person who had bought it from the ready stock market at $10 and promised you that its future price might be above $50 someday in the unforeseeable future?
(4) If the wasteland is so valuable, why would the original US owner part with it willingly and hastily at such a low price? If the wasteland is so valuable, why no US resident or other foreign investor is eager to buy?
(5) The quick and fat profit mentioned earlier ($15.75M) would be used by the landbanking company to buy more of the same properties (ie. 304 acres of additional land as stated in the article) or other properties at dirt cheap prices; mark up again; packaged into smaller units; and sell to unsophisticated investors again in Singapore and Asia to hold on for yet another unlimited time period!
Assuming that the company sells the additional 304 acres at the same $54,500 price tag, the company will be making a quick and hefty total profits of ($54,500-$10,000)*(355+304 acres) = $29.33 million!!! This process will just keep going on and on..... Now, you understand why you can enjoy good food and prizes at landbanking investment seminars...
(6) Why some Singaporeans are still trying their luck in landbanking after many bad experiences in similar investments like Ostrich farms, wine farms, oil wells, etc.? Greed and Naiveness. When these people make losses, they will simply blame the government for not watching their back, and never fault themselves for being foolish. Asians especially Singaporeans are instilled with the mentality that land is scarce and expensive, and its value will always increase overtime. Given the chance to buy land at perceived low price of $10k per landbanking unit, Singaporeans will just buy without bothering to think twice. That's the reason why Singaporeans are easy targets of landbanking companies.
(7) Sales consultants of landbanking companies are always very quick to ask you to reserve the land for say $2000 only for each landbanking unit of $10,000. But please bear in mind that this so-called reservation deposit is in fact the original cost of the land (remember the drastic mark up?) and yet you still have to fork out balance of $8,000 or "admin costs" later. Does it sounds like a reservation deposit to you??
(8) Landbanking is an unregulated business in Singapore as confirmed by MAS and other regulatory bodies in Singapore. In other words, you have no recourse at all to any regulatory bodies if you lose money due to any landbanking scam. MAS already stated very clearly on its position “...if investors choose to deal with persons that are not regulated by MAS, they forgo the protection afforded under laws administered by MAS.”
It's time for Singaporeans to wake up and think before investing in any unfamiliar products promising high returns!!! Beware!!!
Below is another web article to a very informative article on landbanking. Please read it as well.
Last edited by Avatar; 12-02-2011 at 11:36 PM.
invest in something near us better. safer I think.
Just happened to see this.
Factor in currency exchange risks too... I've lost quite abit just because the USD fell... Hope by the time I exit, the exchange rate gets a little better...
everything sounds like a scam nowadays. what to do? put all the cash under the pillow?
The US social security system functions like a ponzi scheme. Govt prints money and cause inflation is gonna kill more people than a Tsunami. Most people who are not financially educated will find themselves 'suprised' when they turn 65. $1 mother in law today with just 2% inflation will be eroded into $550k in 30 years.
after reading most of the posts in this thread, i will have to say something.
I bought land in australia and it doubled in 2 years, because it's already zoned as residential. some even told me i was mad for buying land because it is not income generating. Well, after building a house above it, the value went up even more.
On the contrary, many financial consultants persuaded us to buy insurance and unit trusts. They say it is safe, because they are regulated. some even bought Lehman's mini bonds. Hey, it is sold by a bank, it must be good right? anyway has a made a lot money from units trusts in the last 10 years?
Bottom line is, know what you are investing in, if you have no money, try to save up some, then invest. That uncle who bought walton land on mortgage shows how lacking in financial knowledge most people are. It's almost like trying to use your credit card to pay for a downpayment for a condo.
The point is not whether buying walton land is a scam, it is where you are buying the land. it's not even how far it is. Some people will buy land in Johor, because it is NEAR. personally i won't touch Johor.
I bought land in Canada too, but not through walton. Reason why i bought is because i have done my research, i have checked out the plans, and they make sense to me. Trust me, if a company is selling you a greenbelt land near an airport, or oil sands land, what probability you think they can get the govt to rezone it? It's different from if you buy into an area next to existing housing development!!. Just as an example, if 15 years ago i offer you a plot of dirt in punggol at $100psf, you would have said i was a scammer. But what if you really could invest in punggol land at that price? you would be laughing away to the bank now. so bottom line, whatever you invest, just ask yourself, does it make sense?
when a good investment opportunity comes along, dont't listen to fear and the smart alecs (like some in this forum), and then miss out on good opportunities and regret for life.
Do your research, and above all, speak to knowledgeable people who HAVE made it, not your friends/family who are still working for someone.
happy investing. One last word of caution, it's probably more dangerous to not invest than taking some risk in investments, but please dont't invest milk powder money. If you dont't have spare money to invest, i'm suprised you have not reflected why not? have you been doing the right things?
Hi, if you would like to find out more about the project Niagara falls, feel free to email me at email@example.com
May be. You can easily take these financial suggestions from the financial advisors in troy Who are good in deciding financial investments in various wanted areas.
I happen to be browsing the Internet and come across this interesting discussion on land investments. I decided to join the conversation as I have recently joined Walton as a new sales associate.
I started as an investor 6 years ago in Canadian land parcels. I have to confess that I did not carry out any due diligence when I threw in my money. And worse, I bought from someone who is neither related to me or one whom I know as a friend. My story is similar to some of yours which is why I can fully appreciate what you guys are saying. But today, I am proud to be a Walton sales associate. Although i possess a BBA degree from NUS and a Masters Degree in Mass Comm from NTU, i choose to join Walton because i truly believe in what they offer. Over the years, the company has grown in strength - in land acquisition and sales - across several countries. I am proud of the company because despite all the scams and downfalls of many companies, Walton has emerged strongly as a sound and solid company. its track record demonstrates that it has never posted a negative return to its investors till date, even during the subprime days of 2008/9.
in the case whose hubby has to finance a loan of 11.75% to pay off the investment, my suggestion is to approach the salesperson who sold you the land to arrange for a transfer of land title. It is never a wise move to borrow money to invest as your returns will be eroded. Of course, this approach would be a measure of cutting losses and is probably the most logical way to go.
As for others who have friends in Walton earning big bucks, trust me, they are not lying. You will find many of them who are graduates and investment savvy, and they know what a great investment they are selling. Otherwise how do you explain their long term commitment? Why are there loyal clients who continue to support them? Many of them have been there for more than 5 years!
Walton is a mid to long term investment. Invest only if you have some spare cash. It is definitely better than parking your money in fixed deposits that earn you less than 2% pa. Inflation is 5% so think about it... Where is your retirement fund going to come from and what is your future going to be like? Properties are not the best investments.. You have to keep watch on cooling measures, stamp duties and more additional stamp duties... Where does that lead you?
Please feel free to get in touch with me to understand how you can invest wisely... There are many scams out there and you dont't want to be the next victim. Invest in a company that have proven track records.
Thank you for reading and giving me this opportunity to share. I just feel compel to share my experiences. Thank you again.
I invested with Walton year 2006 in Ingle Wood Texas.It was a promise of 5 years investment with return of 15%- 25%. On the 8 year some one incharge of my account Olivia from Singapore told me my investment is not matured, have to wait another couple more years. and now is the 10 years. I boought a plot of Land....... now i most probably thinks its gone in the wind.......