Joy Bouton wants Kevin Young's The Investors Club to buy back 'dud property' John Rolfe and Sky's Peter Switzer discuss the business behind The Investors Club. Now worth less than $250,000 ... The investment property bought by Joy Bouton in Burpengary, Queensland, through The Investment Club for $305,000. QUEENSLAND real estate king Kevin Young has done it before and Sydney woman Joy Bouton is daring him to do it again - put some of his estimated $108 million fortune where his mouth is and "buy my dud property for what you sold it to me for." Ms Bouton bought a three-bedroom townhouse at Burpengary, 40km north of Brisbane in 2010 for $305,000 through The Investors Club, established 20 years ago by Mr Young. Using the slogan "we alone protect buyers," TIC has sold 15,000 Australians about 17,000 properties, mostly in new Queensland developments. The website says these are the "best possible residential property investment opportunities." Not one of TIC's 4000 property millionaires ... Joy Bouton wants The Investors Club to buy back an investment property she bought that is worth about $90,000 less than what she paid for it. One way TIC "protects" buyers is by negotiating "volume" price discounts with developers, said national manager Troy Gunasekera. Another "protection" is help from "property mentors." A third is that it pays travel expenses so interstate buyers can inspect developments, he said. Mr Young showed Ms Bouton through the Burpengary development himself. But Ms Bouton said: "If I sold the property now I would be $80,000-$100,000 out of pocket. It might not mean a lot to some, but being a single working parent, it would take me over eight to 10 years to recoup this loss. "Computer projections" provided in 2010 to one of 17 other club buyers in the Burpengary development forecast a similar property would be worth $408,000 by 2014. However, TIC projections provided to Ms Bouton in July this year say the townhouse will be worth $260,000 next year. Ms Bouton's buyback challenge to Mr Young comes as a private investigator prepares a complaint to authorities alleging TIC staff are effectively doing agent work without a licence and that it acts for vendors and purchasers in the same transaction. TIC vehemently denies these claims. Buy my dud property for what you sold it to me for ... Kevin Young, founder and director of The Investors Club. TIC received $13,900 commission from the developer on Ms Bouton's buy - 4.6 per cent of the price. The Real Estate Institute of Australia said commissions are typically 1-3 per cent. Part of the commission went to the mentors, Mr Gunasekera said. This arrangement concerns PI Neville Baker, who works for Mr Young's nemesis, the real estate expert Neil Jenman. Mr Baker said he is preparing a complaint to Queensland's Office of Fair Trading. "They are operating as buyer's agents and seller's agents in the same transaction," Mr Baker said. It's a clear conflict of interest. The OFT should take a case to court. TIC's Mr Gunasekera denied any impropriety saying property mentors did not do the work of agents or act for vendors because they did not prepare contracts or take buyers through properties. Mentors "simply assist with the marketing side," he said. The OFT said the allegations were concerning and that it was prepared to investigate. In 2006 Mr Young bought a Sydney property from a TIC member at her purchase price while in a spat with Mr Jenman. Mr Gunasekera said the property's value had since doubled. But TIC said Ms Bouton should hold on to her property. A spokeswoman said: "Property is a long-term investment." TIC computer projections for $305,000 Burpengary townhouse