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I guess… people do what they want to do whatever others said. At the end of the day, you are the only person who can make the decision for yourself.
I personally don't trust Mark Rolton neither Massland because of the experience I went through with them. I also found out that the friend I made through Massland's seminars went through the similar experience to mine. They are happy to steal your deals without your knowledge and if you confront them they'll threaten and intimidate you.
Mark has usedn one of my proposed deals at his seminar, but he never intended to go through actual deal with me. And I was the joint venture partner! Some of the examples he uses aren't even his own deals. Some are like mine, it never been sealed as a deal.I was so disappointed to have found out the above as well as gone through the experience I had, because, you know what?, I really had a huge trust in them when I purchased the course and signed up as a joint venture and I did give a really good go for close to full 2 years bringing the potential deals one after another.
I am sharing this with others (and my friend is doing the same) because I think that I could be of some help to prevent this to happen to other people. Having said that, I am fully aware that I cannot force others not to do what they've already decided to do. So, if you decided to give this course a go, good luck to you, but be very, very careful.
Well said, Matt007.
Take the information you need to utelise it yourself but don't trust their integrity part of it.
I went through a huge disappointment with them in that regard. I also know the person who used to work closely with Mark and was promised the profit share of $60K which never came.
I have dealt with the current support person of Massland outside of Massland. Unfortunately he hasn't got the integrity part right either in my opinion. I walked away from him and his business as I cannot do anything with the people who doesn't value the integrity. He was quite dirty about it and to me that shows his true color.
So, use the information wisely. Good luck!
Matt007 wrote:Sash
I think the point that many have made in this and other threads is this: the generic information provided in the Massland seminars is accurate. Options exist, and they work. You can find out about options for free though and they are by no means as easy, or as cheap, as Massland would have you believe..
What most are up in arms about is the ongoing promise of large cash successes, funds provided for DAs, the 'well earned reputations and presence" in the market that is consistently spruiked, along with other largess like buying a Porsche racing team or $500Mill worth of projects, the 'successful students' etc., none of which appear to be able to be proven, despite continual requests. One would have to ask why this continual denial exists. Draw your own conclusions.Ask yourself this, if you handed over $20K plus for someone to 'mentor' you to success based on the fact you believed they were already successful in the field they were purporting to be able to mentor you in, and that tsuccess urned out to be false or at best highly inaccurate or misleading, how would you feel about that?
That success potential you're seeking relies very heavily on the information you're being sold/told being 100% true. Now, as W4L said in an earlier post, Masslands own PA said believe about 10% of what's being said. Based on that, your success potential in that scenario has just dropped 90%. Still feel like handing over $20K?
Get written proof of all claims made, use your own accountants and solicitors to verify any information sent to you by them. Thats the best piece of advice I can offer you.
Thanks wealth4life.com
I've been working with Peter for last few months and really appreciate his knowledge and skill in this area. He is very approachable, too.I think that those courses out there could help some people to gain certain level of understanding. However you can only learn so much from text books and DVDs. The real learning comes from actually going out there and taking actions by using the knowledge you gained from the course. It's like anything… it's totally up to you how much you get out of it.
I personally have learnt a lot. After all I knew "nothing", I mean NOTHING about property when I decided to take Massland's course. And here I am after 20 months I have few projects under way and started to actively involve in the commercial real estates. Most importantly, I love every step of the way! I think about the couse I took as the "entrance" for me to get into the property world.
Everyone has and takes different way of learning. It's great to have diversity by having so many courses, mentoring opportunities, apprenticeship, etc. available, so that we can choose whatever suits or feels right for us. We just have to find our own way to get wherever we want to be.
Matt007 wrote:I dealt with them directly. Biggest error I made was believing what they told me. I'll never deal with them, or anyone connected with them in any way, again. Keep doing your research, and if you do nothing else, if you're going to deal directly with them don't hand them a single cent before asking for, and receiving, documentary auditable evidence of their claims, deals, and happy customers. I can't really say much more than that, and if you think about that, its what any intelligent person would do before handing over money or entering into legallly binding agreements such as JVs etc where there are profit share arrangements in place, so I'm not telling you to do anything out of the ordinary. If they won't, or can't, ask yourself why that is.
Best of luck.I went through a huge disappointment with Massland myself.
I have put the deal together as their JV partner. They suggested to on sell it within the due diligence period.
When we couldn't move it they decided to hand the option document back to the owners… which was fine. These things happen.Few weeks after the option document was returned I received a phone call from the owner of this particular site asking me if I was aware of the fact that Massland has contacted him again saying that they now want to put it under the new option and Mark himself actually came to see him to discuss about it. Well, I knew nothing about it then, but I was hoping that they would contact me and let me know about it sooner or later, as I still had a trust in them.
Guess what? I heard nothing from them. I thought that it was quite un-ethical and the owner of the property thought the same and wanted to deal with me rather than Massland. I was very disappointed though as I thought that Mark was a man of integrity as he presented himself that way on stage.Recently, friend of mine went through the similar situation with them. Well, it actually was worse as the owner decided to sign on the option document. He only found out about it through the agent he had been closely working with for this particular project. This agent happened to have the connection with the developer who was approached by Massland about this site.
When my friend confronted Mark about this issue he actually became very defensive and agressive denying everything and hang up on him.Now, having said that I did learn great deal out of their course and do appreciate the knowlege I have now. Just don't do JV with them. Sadly they are not ethical bunch.
wealth4life.com wrote:I can help you with the options contract but they are not free.There are several types of options contracts – the names of these are irrelevant as they are derivatives of an agreement in one form or another.
Call contracts – put and call contracts – options contracts – yes the best Lawyer in my opinion is a guy on the Gold Coast at k2law called Peter Kumnick – use the code name Lemon cello and you will get a discount 07 5538 8300
I agree! Peter knows option really well.
He used the options himself for some of his own development projects in Coomera and Upper Coomera area.Quinn Petrie wrote:Thanks for the reply, I tried to contact Mark but have only been able to speak to his sales team at Massland. I have already requested to speak to any of their students who are using options based in Victoria. Due to privacy reasons they could not give me any details! I have also looked into his “splitter course” which seems like a pretty straight forward concept, but he still uses an option to control the “splitter’. Matt , you have hit the nail on the head, ‘splitters’ or subdivisions are a relatively simple concept and I don’t believe that spending $6k on a course is going to increase my knowledge any more then searching the web and talking to local council. My only drama at this stage is finding a solicitor or lawyer who can prepare option contracts so I can start doing these ‘deals’ ????? Surely there is someone out there who knows something, or who could point me in the direction of a good solicitor, without having to waste 6k on a seminar just to find out where I can get one of these contracts??? If anyone has bought Marks course or has a copy of his Option contract or Zaffar Iqubal Khan’s 1 page call option deed I would love to buy a copy? Any help would be much appreciated! CheersI found that using options for the splitters is way too hard. As you usually target the site around 1000M2 for the splitters purpos, they are mostly normal residential site. Therefore you'll be competing against those buyers who are happy to settle within 30-120days. Mark suggest that you should have 12 months or longer option to make it really work. I understand the concept but it's not realistic. He also suggest us to say "We are more than happy to pay over and above the market price for the time" but you'll quickly realise, when you work your feasibility out, it is very difficult to make it work if you pay "over and above market price" for the splitters.
Options works the best for the larger development site where it is normal to have 24 months and longer settlement. Funnily enough the councils also started to use options to secure their site.
