Well thanks for your comments guys. From what I can gather there is nothing bad about them that people have encountered, and I might even give them a go.
I still think it would be wise to remain careful (buyer beware) and I would like to put one of there properties to Steve’s Due Diligence testers.
James,
Have heard alot about the DVD’s and workbooks, etc, however I never got that far through the course to attend the 3 day workshop, so you could say that the cost of the pack is worth nothing to me, just a debt for something I don’t have.
James, yes I am directly involved with Henry Kaye.
Mel, my sincere apologies, I stand corrected about my accusations. I believe after reading your other posts about HK that you have done extremely well for yourself. I am annoyed in myself, not others that I did not investigate into NII before I signed on the dotted line. Although my gut feelings were telling me not to sign with them, I listened to my fiance and her reasons for doing so and fell into the trap.
My reason for voting to liquidate NII was because I had no real knowledge of what to do in this situation and not enough for legal advise after being stung by HK. So I followed my gut feelings this time and followed the advice of Denise Brailey.
I am not usually overly emotional James, it was just a subject that I am pretty cut up about. Again, my sincere apologies!
Tell me where Andrew Hewitt said that he thinks the creditors are a bunch of idiots? I think you should keep your opinions to yourself about what you think people are. There are reasons the votes went the way they did, and unless you were involved and had your vote in, I don’t think you have a clue what you are talking about.
I am quite annoyed that you can criticise people for something you obviously have no knowledge of!
The administrator thinks that the creditors are a bunch of idiots. I agree. They think they are ‘teaching Henry a lesson’ by liquidating, but in doing so they don’t get any money back at all.
Quote:
How much dealings have you had with Henry Kaye Mel? If none, then why do you think you should post such a defamitory post about the victims of Henry Kaye?
I lost $15000 to this Scammer and all I want more than anything is to see him go down so he doesn’t do the same to other people that he did to me.
If you have had dealing with the man then you would most probably have read the report from the Administrator, Grant Thronton? In the report it does say that if voted for Deed of Company Arrangement (DOCA) then we could get 20 – 40 cents in the dollar back and maybe more with Kayes “Personal Guarantee” (Sorry I have heard those words before). I weighed up the pros and cons and decided to Liquidate and send him down. ASIC agreed that the company should be liquidated, and both options have an equal chance of getting bugger all back anyway!
I think you should think more carefully before you post things like that Mel, there could just be someone who was stung by Kaye reading these forums!!
I have only just finished reading Jenman’s Real Estate mistakes and to tell you the truthm I thought the book was one of the best I have read so far in regards to Real Estate issues. If I hadn’t of read his book and sold a house blind, I would have lost thousands even tens of thousands of dollars.
You get information from Jenman’s book that I haven’t read in any others so far. Sure the others briefly examine the ups and downs of working with an agent, but they don’t go into the nitty gritty.
As for people asking if he is [}], why do you care? If you have made up your mind about him and have chosen to ignore his comments, don’t let it bother you. He is here to help people like you and me and just because you don’t believe in everything he believes in, ie wrapping, doesn’t make him an [}] man.
I think some people are far to ready to criticise other people before looking at the bigger picture.
Think about it people, Jenman is on our side!!!
Scotty,
I asked the same question after looking on Dolf’s website and after seeing some software in the last API mag. Check this link out for previous discussions on the subject. Hope it helps you out!
Don’t get sucked in! I have recently used Steve’s ’11 second rule’ and the templates I ordered and out of the 10 properties I worked out that only 1 was going to be + CF.
Don’t think that you can have someone else source your properties for you because you can’t be bothered doing your homework. You still have to go through the figures with these so called + CF deals.
Just remember what you should already know by now….. Buyer Beware!!!!!
BtyO,
I have only read a couple of things from Hans Jakobi and he seems like he is pretty switched on.
I suppose it doesn’t matter how many RE books you read from different authors, it’s more of what you interpret from their books. Everyone has different views on which is the best way to invest in RE, but no-one has the right answer for what you are looking for except YOU! All you can do is take the advise given and work it around into your own needs.
The is a fair bit of criticism about Robert Kiyoski about if his ‘Rich Dad’ is a real person, but does it really matter? He knows what he is talking about and all you can do from that is take his advise on board and make you own decisions.
I am one fool who wishes he had of investigated more into the NII sager before signing on the dotted line.
I returned from the Gulf War in August of this year and joined up with NII, Henry Kaye’s company to learn about property investing as I am an absolute novice to this field. Later to find after spending $15000 of my hard earned money from spending 6 months in the Gulf as Service for my country to have it ripped off by someone for which I went to the War for, our own Australians.
It upsets me greatly to think that my time over there has all been wasted by this one person who thought that he could take my $15000 and then his company to go into receivership with a chance I will never see that money again.
This has now put any investing for me on hold until I can get rid of this bad debt. It has even made me think twice about getting into this industry because of scammers like Henry Kaye that are out there.
These are my thoughts on the subject and they are quite heart felt as my financial situation is fairly critical as a result of my stupidity. If anyone else has fallen victim to the Wrath of Kaye, I would be more than happy to talk with you about anything!
P.S. This is my first post as a new member, Hi everyone!