All Topics / General Property / cheap info ?

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  • Profile photo of DOINITDOINIT
    Member
    @doinit
    Join Date: 2003
    Post Count: 4

    Hello everybody,

    Just got back from holidays and checked my emails.One is from Steve McKnight.It is an invitation to a property seminar at which Steve kindly offered to share his undoubted knowledge of property investing.
    Only thing is, it costs $1200!!.for a one day gab fest.This is Henry Kaye terrortory.$1200!!! I can only assume that the seminar is being held in Fiji or somewhere similar, and the price is all inclusive. What were you thinking Steve? That this forum is populated only by mugs and saps.

    Gotta go,

    Profile photo of yackyack
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    @yack
    Join Date: 2003
    Post Count: 1,206

    I love the Web Site. I have not read the Book but tend to agree there is a place for positive cashflow properties in a property portfolio.

    But I too agree that $1200 is a bit much. ($1200* 200 people = $240,000). It must include airfares and accomodation somewhere. It sort of is Henry Kaye ish.

    I would have thought more along the lines of $300 would be more reasonalbe. ($300 * 200 = $60,000). Even then I cannot see how you need so much to cover overheads for a one day session.

    Just my 2 cents worth.

    Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831

    um, weren’t a lot of Henry Kaye’s charges more around the 5 figure mark? I haven’t seen Steve charge anything like that… I think $1200 is quite reasonable. Besides, if people are willing to pay money to go, I think Steve and Dave can charge what they like… isn’t it all about supply and demand? Some are willing to pay $1200, some aren’t… but if all the seats are booked, doesn’t that mean that the price is okay? Bit harsh to compare with HK, in my opinion…

    cheers
    r

    Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831

    actually, why do so many here seem to think that Steve should offer his knowledge as some sort of charity? If he can make a quid out of it, good on him… I’m sure if many of us were in his shoes, we’d do exactly the same.

    cheers
    r

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    I agree. I mean, yeah, it’s more expensive than the movies, but then it’s all relative – if you can’t afford 1200 bucks you can’t afford property anyway.

    cheers-
    Mini

    PS I wouldn’t be here now if I hadn’t gone to Steve live. I liked it so much I shouted my Dad to go with me the following year. And now we both have IPs.

    Profile photo of DOINITDOINIT
    Member
    @doinit
    Join Date: 2003
    Post Count: 4

    Minimogul /richmond
    Sorry, nothing personal, you are correct in saying Steve can charge whatever he likes,I just didn’t think people were still silly enough to fork out that sort of money for info that is freely available every where every day. And it’s unlikely to be that much different from what’s in his book @ $30.00.There will always be diciples.

    Doinit

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696

    DOINIT

    It would seem to me that you are making grand ass umptions about people that you don’t even know. I also attribute my success to what I learnt at Steve live. Had it not been for the $2000 investment that hubby and I made, hubby would never have agreed to invest.

    Being that you have never been it is very small minded to cast such aspertions.

    As Mini said if $1200 is too much money for knowledge then property is out of your league also.

    I have seen first hand the growth of other forumites that scraped their last buck together and have worked their buns off to attend these seminars and begin their PI careers.

    Good luck with your future investing.

    Cheers
    Leigh K[:D]

    Investment unit for sale – includes a rental guarentee.

    Profile photo of DOINITDOINIT
    Member
    @doinit
    Join Date: 2003
    Post Count: 4

    LeighK,
    One simple opinion about the value of something, and whamo!I am very happy for those of you who could not have made your way in life without Steve’s help.Pay him to tell what you already mostly know if it makes it all easier for you.Steve has tapped into a market extremely well, and good on him.
    My point was that it seems a bit pricey.
    eg: Scotch College fees work out to around $8.00 per hour.TAFE around $1.00 per hour.A medical degree at Melbourne uni is around $15-20 per hour.
    PROPERTYINVESTING.com seminar is $133.00 PER HOUR!!
    When it comes to money/investing some people just throw logic out the window.
    And yes, I have been before.And no, my opinion does not mean I am out of my league.I am doing quite nicely out of property thank you.

    DOINIT

    Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831

    Hi DOINIT,

    You expressed your opinion, others expressed theirs. Isn’t that the point of a discussion board?

    cheers
    r

    Profile photo of yackyack
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    @yack
    Join Date: 2003
    Post Count: 1,206

    Yes, I agree at the end of the day, the market determines what you can charge for courses.
    If people are willing to pay $1000-$1200 fair enough. But I think $300 is more reasonable. I think that is what Jan Somers charges.

    If I was about to start property investing, this is what I would do. (well its sort of what I did).

    1. Spend $300 on 10 property investing books – both local and overseas. And Yes I would include Steves toward the top of the list.
    2. Go speak to an accountant. Get him to charge you for his time. Get $600 bucks worth of time. That should be at least 6-8 hrs and you get personal attention. You only need a local accountant to start.
    3. Go see the bank or a mortgage broker
    4. Go speak to Estate Agents in the area you want to invest.
    5. Find a solicitor you are comfortable with
    6. Use forums like this or somersoft.com.au for any questions you may have
    7. Once you made your first purchase – go spend the remaining $100-$300 on a good dinner or weekend away.

    By doing the above – you will learn more than a one day course regardless of who gives the course.

    Profile photo of james_2james_2
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    @james_2
    Join Date: 2004
    Post Count: 25

    If Steve charges $1200 and people are willing to pay, then I have no problem with him doing it.

    In saying that, I must say I think people have rocks in the head if they think this is a good investment no matter how limited their experience. Money is better spent on real estate investment books, including many products on this site (of which I am happy with). By reading a heap of books and listening to a heap of tapes you pretty much have enough to make a good educated start. The rest of the knowledge can only be gained from experience.

    If you’ve read all the books and you’re still nervous enough to think you need to spend 41200 on a seminar, then maybe 5.25% at Citibank is for you. I can almost guarantee if I went to the seminar that I would have read everything Steve says in one book or another.

    Like someone said, their will always be desciples – people who get that warm fuzzy feeling when people tell them a heap of positive things. I know people who fly around to Anthony Robbins seminars and think they are growing as people and getting value for money – of course they have never implemented anything he says, just merely listening to him improves their life.

    Profile photo of elveselves
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    @elves
    Join Date: 2003
    Post Count: 507

    I used to run a business. The people I dealt with said to me one day “if you have to ask the price, you cant afford it” or you dont have enough…

    Basically people who want to spend money and have it, dont quibber about a price.

    Personally, I question every price I pay. I rather keep the 1200 in my pocket thanks

    Elves

    Profile photo of melbearmelbear
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    @melbear
    Join Date: 2003
    Post Count: 2,429

    I recall Robert Kiyosaki saying that if he offers his course at $99 – which he could to cover costs, then he will get people with that mentality. So he’d rather charge a higher price, and get people who really want to learn.

    Robert Allen put on a free seminar somewhere in the States. He was in the lift with a guy who didn’t know him, and who bitched about the supposedly free seminar. He had to pay for parking for an hour, and didn’t think it was worth his time. I guess these people wouldn’t want to spend $400 on a valuation, or pest inspection etc. etc.

    Some people are not good at reading books. Some people need to learn by listening, and talking. It took me 8 years part time to do my Uni degree. Give me 5 18 hour days to learn the same stuff anytime!!

    James, have you been to a Tony Robbins seminar? How do you know these people haven’t implemented. Do you know the thoughts running through their heads all day? That’s where a heck of a lot of the change comes from.

    Oh, and yes, I have ‘flown around’ to Tony’s seminars, and got a great deal from it. It is an awesome atmosphere. [:)]

    Cheers
    Mel

    Profile photo of james_2james_2
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    @james_2
    Join Date: 2004
    Post Count: 25
    Originally posted by melbear:

    Some people are not good at reading books. Some people need to learn by listening, and talking. It took me 8 years part time to do my Uni degree. Give me 5 18 hour days to learn the same stuff anytime!!

    What degree did you do? I don’t even think you can do an arts degree in 90 hours.

    How do you know these people haven’t implemented. Do you know the thoughts running through their heads all day? That’s where a heck of a lot of the change comes from.

    They haven’t implemented anything external. Everything is inside their heads. This is all well and good, but if you need to fly around and have a rah rah guru make you feel good, then I feel sorry for you.

    Oh, and yes, I have ‘flown around’ to Tony’s seminars, and got a great deal from it. It is an awesome atmosphere. [:)]

    I think if you go to one of his seminars and then need to fly somewhere to go see another one, then you are wasting your money. These people often do it because they like the atmosphere – which is missing the point of what he is trying to teach you.

    If you want atmosphere, go to a rave.

    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
    Post Count: 2,733

    My 2c

    If you go to the seminar and actively utilise the techniques and strategies outlayed, then fine, alls well and good you may recoup your initial outlay, one,two or ten fold in a short period of time..

    However if you attend the seminar, listen , learn and then do nothing apart from think about it… was it then worth it to you ?? probally not !

    You could have 200 people attend and at the end everyone will get something different out of any seminar,some people may consider it $1200 well spent, others consider it a waste of money, putting it into practice is what makes it benefical…

    Remember we’re all getting ‘free’ info here from Steve, the moderators and each other, everyone’s from different backgrounds, employement, age and investing experience and ‘all’ have something to offer.. i’ve learnt a lot from here, some info has saved me money, other information has just made me slightly more informed or assisted me in other ways ( research/evaluating deals ) the cost to me…. “Zilch”, the cost for setting up and running this site $$$ ??

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    I don’t think everyone needs a seminar. But I did.
    Although I had bought many books (and read them!) and gone to a few one-nighter seminars such as Dolf de Roos and Kiyosaki which give a general overview, I was in an industry of….*looks for an analogy*

    ah yes….

    let’s call them ‘feral fruit-pickers’ and we’d be in the ballpark – so I was in this industry where none of my fellow feral fruit-picker friends and acquaintances had their own homes let alone IPs. So here was this feral fruit-picker (me) on whom the sky suddenly dumped quite a bit of fruit and so this feral fruit-pickers (me) suddenly realised that a term-deposit (the investment of choice for the odd feral fruit-pickers who had amassed a few thousands) – wasn’t going to cut it, and I knew from Kiyosaki that I needed to invest, but seeing as I didn’t have enough to buy the PPOR of my dreams (in my small paradigm at the time) I knew I had enough to INVEST with, but I didn’t know anything about anything.

    After DDR’s one nighter seminar, I was really really really excited and seriously considered trading a bit of my fruit to go to his several thousand dollar 3 day event (not the horse kind) at Jupiter’s casino – 1000 miles away.

    Decided against it. Couldn’t quite justify it. Wondered if there was a cheaper less-hyped local equivalent. There was. Steve’s. As i said, it’s all relative – Steve’s seemed a real bargain.

    I needed the seminar. I needed the personal development aspect (not to spoil the surprise, but think fire-walking) to conquer the fear and to realise that fear was the thing making excuses why not. I also needed the actual hard and fast mathematic deal analysis stuff.

    it comes really easily to me now, but remember at the time I was just a feral fruit-picker and I hadn’t done any maths for a very long time, other than the odd bit of fruit counting. To demonstrate how bad I was, I couldn’t even remember how the hell you calculated percent – i.e. ‘what percentage is 5800 of 35000?’ but I didn’t give up and think ‘i’m bad with numbers’ or ‘my accountant does all that stuff’ or similar – just gritted my teeth, asked jeeves, surfed the web etc and found a HSC Maths coaching website which told me how. No wait, there’s more – I even had to print it out and stick it by my computer for a bit until I could remember it all by myself. I mean, DUH,

    THAT is how challenged I was. Not only did I need the seminar, which admittedly went over my head a lot but luckily we got a tape recording to take away, as well as a folder of notes, but I needed to listen to it another couple of times and go through the notes again until I was confident.

    Then finally, sure of my stuff, i went looking for deals, found them, crunched the numbers, was able to explain to negative gearing-paradigm doubters how it worked, and went off to buy. The buying process was the easy bit. Lawyers, offers, deals, accountants, RE agents, builder’s inspections, piece of cake.
    the hard bit *for me* was the fear that I didn’t know what I was doing and would make a mistake. The seminar took care of the ‘how to’ stuff in particular the numbers, and also the ‘fear’ side.

    A lot of people here are cluey about numbers already and don’t have the fear factor that a feral fruit-picker who has been sequestered in a feral fruit-picker commune for several years has, and the feeling of being out of one’s depth. A lot of people could just go read a book or two, ask a couple of questions on the forum, and go forth and prosper. But not me. Cautious and plodding by nature, (taurus) I not only went to the seminar but bought a package that included email mentoring. THEN i felt I could go and do it. But the seminar was the missing link for me. books prior to the seminar helped prime me for the seminar, but the seminar was really so, so, the thing that made me actually do it.

    not only that, but several feral fruit-pickers I know are hot on my heels, as I was able to bring the knowledge back into the commune.

    cheers-
    ‘feral fruit-picker’

    Profile photo of coreyJcoreyJ
    Participant
    @coreyj
    Join Date: 2003
    Post Count: 11

    Real estate is not rocket science but if you think it is then you need to spend the $1200

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225

    The thing that hasn’t been mentioned as yet is the fact that doing something well is a process (of learning).

    Show me someone who can read a book or listen to advice and then go and execute the plan perfectly and
    we will have a genius in our midst.

    We normally get our education from all kind of sources
    (including life and including the mistakes we make).

    Some of these mistakes can be very costly.

    I cannot see anything wrong with spending money on a
    seminar just as I cannot see anything wrong with Doinit thinking it is a waste of time and money.

    As long that is, as he realises that one way or another we still have to pay the price to get our experiences.

    The last couple of things I want to mention are :

    1. We never stop learning as we never will know it all.

    2. even one good idea picked up at a seminar will more than pay for the cost of the seminar.

    Pisces

    Profile photo of melbearmelbear
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    @melbear
    Join Date: 2003
    Post Count: 2,429
    Originally posted by james:
    What degree did you do? I don’t even think you can do an arts degree in 90 hours.

    Be so very literal if you like. You can then miss my point entirely, which is that *I* learn better in a total immersion state, which is what seminars are.

    They haven’t implemented anything external. Everything is inside their heads. This is all well and good, but if you need to fly around and have a rah rah guru make you feel good, then I feel sorry for you.

    Whatever. I would have thought that everybody could agree that the main ‘issue’ we have to face everyday is not what to do, or how to do it, or what others do, but how we think, and how that little voice in our head that talks to us all day is often very negative. Far more negative than even you James. So, yeah, of course it’s inside my head, and that’s been my greatest breakthrough from attending Tony’s events. WHAT I think. Why do you think that even Steve (as Mini alluded to) does a ‘fear breaking’ little event at his seminar. He could stand up there and tell everybody exactly how to do what he’s done, but chances are that unless your little voice tells you that you can do it too, you’ll come up with all sorts of reasons why ‘it worked for him, but it won’t work for me’.

    I think if you go to one of his seminars and then need to fly somewhere to go see another one, then you are wasting your money. These people often do it because they like the atmosphere – which is missing the point of what he is trying to teach you.

    I’m so sorry to have to point this out, but there are at least 5 TOTALLY different seminars that Tony runs. Sure, you could only do the firewalking one, but you miss out on a heck of a lot of inner growth if you don’t attend one or more of the others. Why do you think he has set up ‘Mastery University’, with several different courses, in different locations? Let’s get out of this mentality that you are so perfect. Puhlease don’t trot out that he’s doing it for the money.

    If you want atmosphere, go to a rave.

    I guess that’s all I can expect from you then isn’t it?

    Cheers
    Mel

    Profile photo of james_2james_2
    Member
    @james_2
    Join Date: 2004
    Post Count: 25
    Originally posted by melbear:

    So, yeah, of course it’s inside my head, and that’s been my greatest breakthrough from attending Tony’s events. WHAT I think.[/b]

    I haven’t said there’s anything wrong with getting you head to think correctly, I’m just saying that spending thousands of dollars flying around to his seminars isn’t cost effective. After all, he is just a rah-rah merchant.

    Why do you think he has set up ‘Mastery University’

    money and ego first, helping of others second.

    Let’s get out of this mentality that you are so perfect.

    Have never alluded that I am perfect. However, I don’t need to spend thousands on a rah-rah merchant to teach me how to think positively and achieve every goal that I set.

    I guess that’s all I can expect from you then isn’t it?

    I don’t go to raves as I don’t need an artificial atmosphere to make me feel positive.

    Can I ask if you have your own personalised motion/movement thing that Mr Robbins teaches?

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