RG146 Management Investment Schemes
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Having worked in four countries including major capital centres, London and Brussels, Michael realised that the financial and property markets favour the fund managers and real estate marketers who get paid regardless of performance. Something had to change.
Hotspotcentral was founded with a simple vision: to make investment research easy and to make it even easier to invest in property development which, until recently, was restricted to wealthy individuals with large amounts of money.
Michael has advised high net-worth individuals in his formative career in financial services in South Africa and later advised banking institutions here and abroad as a subject matter expert in credit, fraud and money laundering systems using artificial intelligence and neural networks to flag problems hidden in huge data silo's (a bit like what he's done with Boomscore and property data).
As a banking advisor during the credit crunch, Michael came to the conclusion that the system had to change in favour of the everyday investor. The person that can't afford to lose their capital while the fund managers and those on the "inside-track" get the best deals and make money during any market-cycle and despite their lacklustre performance.
Michael made it his mission to demystify the property market and investment research by building a system that crunches millions of property market data insights so that anyone, from 'mom and pop' to sophisticated investors, can quickly determine the merits of a prospective property asset investment without subjective reference to media 'tips' or biased personal advice.
Hotspotcentral is a confluence of these various experiences: technology, financial advise and property development research. By bringing everyday investors together and pairing them up with experienced developers, anyone can now invest in well researched, risk mitigated property development opportunities that promise excess returns by taking back some of the costs that traditionally feed the banking fat cats.
By 'donating' the free use of a simple but very powerful research tool to the general public, the use of which equips them to understand local market research, Hotspotcentral is able to bring small investors sourced online into a 'property crowdfunding' marketplace that is structured to meet stringent regulations for the investors benefit and peace-of-mind.
We are proud to say that we are the first and only Property Development Equity Crowdfunding service in Australia that is open to all, including everyday people or Retail investors, that is backed by some of the most innovative research and due diligence technology.
As an aside Michael is happily married with two beautiful daughters. After living the fast paced life of London and Sydney Michael now lives 40 minutes north of Byron Bay on 5 acres of rainforest in the Hinterland. His day revolves around communicating with various advisors across data, legal, compliance, property development etc.
He also claims to have once known the inner workings of a "probabilistic coulomb energy" neural network which is a self-learning algorithm used to detect unusual patterns of customer behaviour in offshore banking. His wife, Caroline, thinks it's pretty boring :-)
“Teaming up with seasoned property developers to manufacture capital growth and equity for myself, my family and friends and our valued investors was a natural extension of Boomscore to target high growth locations for organic capital growth. The beauty of Armchair Co-Development is we get access to significant developer profits without the effort, time, skills, contacts, and capital required to find and take a project from concept to completion on our own. There's also less reliance on the property market for capital growth and rental growth as this 'growth' is manufactured in the development process.”
HOTSPOTCENTRAL | BOOMSCORE
Over the years our data and opinion have featured extensively in the media.
Michael's commentary and property data insights have featured in most of the main stream property publications including his regular column in Smart Property Investment magazine (which is now entirely online).