The biggest risk for would be investors is knowing who to trust as you go through the process of identifying a suitable investment purchase. A spruiker is someone who will say what it takes to better meet their end goal and what they are selling, rather than giving fully comprehensive, unbiased advice that meets the specific needs of the buyer.
Our “unregulated” property industry is fraught with conflicts of interest and this places the less informed at significant risk. You don’t know what you don’t know, or what you need to know. Spruikers will tell you what they believe you want to hear to assist you to make a buying decision that is favourable to their outcome.
They generally also offer a “full service” meaning that they provide a one stop shop of services from finance, legal, financial planning, accounting and property selection. This is a warning flag. Their advice is “free”… very expensive “free” advice!