Hi Helen, Luckyone,
Q- What do they do?
They provide information about many different ways to invest in the property market. They provide support and motivation for you. They help you set your own plan for what type of investing suits your circumstances. The format is a one-hour mentoring call or mindset call on Monday night (recorded and can be accessed 24hr/day for 1 week), plus a real estate coaching call on wed night.
The mentoring calls go into depth about the different aspects of investing. To make a list would be exhaustive to do now but a short list is
-Subdivision, development processes
-How to do Feasibility, and cost benefit studies
-Ways to secure property
-Taxation issues, SMSF, Trust structures
-Types of investment property-pros and cons
A number of special guests have spoken to us about their particular fields eg Pest Reports, Wraps specialist (not Steve unfortunately), Solicitors, Interior designers, Developers etc
The Real Estate coaching call answers any Q’s we have directly. You may ask Q’s about anything you don’t understand or need guidance on. This covers the more hands on real time stuff like contract conditions, property management- how to screen, How to use Property Investment Software (part of Package), What to look for in a property etc..
The 10 cd’s mentioned above is Dolf de Roos- “Property Investors School”
Dolf also follows the success of the program and gives us live via teleconference calls during the weekends to let us know what he’s up to in Phoenix. As I understand it he is not actually involved in the programme just good mates with the ladies running it.
On the weekends away you do pay for your food and accommodation but they do deals with the hotels to keep prices down. You can also buy the recording if you don’t want to attend.
Helen,
How has it improved my property investing?
Simply, it has widened my idea of how and what I can invest in. Prior to the program I had 2 IP’s and was searching for +ve cash flow. Problem is I would have quickly run out of equity and have to wait till they increased in value. My goal now is to have lots of properties and have cash flow. To do this I only consider properties that I can quickly increase the equity in so I can go on to my next deal. At the moment I am using renovation and strata titling to do this. There are many other ways. This just suits me at this moment.
Since joining the program I have purchased 2 duplexes and went unconditional yesterday arvo on a property in Qld with a +ve cash flow of 83.00/wk, which has the potential to increase to $220/wk +ve. I hope this helps, as it is a lot of money to spend on something if you’re not ready to commit to it or simply cant direct the time. As for my original quote sounding like an ad, it does a bit but that’s because I’m definitely an advocate for the program. It may not be for you, but if you have any other Q’s just ask. Sorry about the length.
Traci
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