brookes and co Philip Button Delay re-sales, ask for more money to invest to make a sale of plots Maldon Essex Essex
The company sets itself up as ex-accountants, who do their due diligence in buying investments or Land. WE invested in 2 plots, followed by another 2 plots of land in Florida. Each had clear exit strategies and almost builders lined up to take the plots, within 2 years.
When it came to re-sales nothing happened, unless I was prepared to sell to a developer and invest in his land. But this was with money up front first- not from sales of my plots to fund the investment
I did not get title deeds or proper paperwork.
We had increasing bills for service charges and buyout from a club. The holding costs escalated for the plots. Very bad at returning emails. Chasing for several months before getting a reply, and then offered a phone call.
Very little in writing, and the only results seem to be further investments, costs and no sales. Nothing to allow me to sell separately, with advice that this would incur much higher selling fees than brookes and co were negotiating. Their valuations of resales were not confirmed by people in florida.
be very careful, as I attended a meeting they had for new investors In the meeting, they quoted the plots into which I had invested as having made profits. I had not sold anything there, and the people in the room were therefore being misled.