Hey ..I heard something like this at a Henry Kaye seminar once..

Henry used to teach ppl how to attract tenants by offering Plasma Screens to their IPs..

Then pple were asking. Where do I got the money to buy one to offer to my tenant. He used to say “You can take it out of the property”.

“But then what if my property hasnt gone up in value.” He then ignored the question” hhhahahahah

Well figures..

Vluu

George,

Please teach me oh master. Holy cow. Thats profiting 2 mill plus in one deal.

My hat off to you.

Oh my God..NII. Where do I start!

Thomas whatever you do..SAVE your money. Dont be stupid and SPEND 15K on a property course when you can get the same info from books.

I also attended his course about 2 years ago. Got sucked into all of their hype.

One thing about NII is that they contradict their teachings. For example during Henrys course he keeps emphasising “Do your own Due Dilligence, its very important that you do.”

But then come a few days later after the course NII rings me up to come to a PCG meeting. There Henry is on stage and tells everyone. The market is so sharksih and ordinary investors are left with the crap properties. Let PCG do the ALL the market research for you and buy properties through PCG. You cant loose. The properties you buy through PCG literaly have doubled within 2-3 years. All it costs you is $3800 to get onto our waiting list. Once you are successful in being selected you need to pay an additional $6600 to buy a property of PCG. But its only $9800+ Deposit Bond Fees and Solicitors fees for a property that we guarantee will double within 2-3 years” hhahahahahahah

Do you see the contradiction. Do you get my point. Basically if you have an extra $25000 to throw away and see it go and burn up in smoke be my guess.

I learned alot from the NII. Basically why spend thousands of dollars when you can find the same info on online or through books.

I was looking for the magic ingredient in property as well. Turns out after attending and kissing my money good bye that there is no magic ingredient with property.

Sure there are certain aspects and criteria in choosing properties etc But really its all common sense.

Also the NII preaches about 100% no money down Finance. All it is is setting up deposit bonds and joint ventures with 2nd or 3rd parties. In order to get 100% finance, NII tells you you need to find someone with high desposable income. Let them take on the loan of the property and you setup a caveat on the contract (btw which will cost you several thousands dollars as well with your solicitor) stating that in case of selling the property you get 80% of the profit. Thats how you can settle multiple properties at once. NII preaches “Its Easy. U be a multi-millionaer in no time..just find a person with high disposable income and setup joint ventures..and u be right an..hahahah

That my friends is the crux of the course. Thats all there is too it. That is the magic ingredient of the NII which they charge you 15K for.

Basically what you can’t find in a decent book.

Hope this helps

vluu

Note: These are my views and not nessesarily the same as others I am just stating what i have experienced and thought of the time.

DAmn,

I missed it as well….

Thanks Lucky Phil for your reply,

What kind of qualifications do I need to have?

Are you in Property Manangement yourself?

I’m thinking of starting out in a Real Estate Agency in Property Management there.

Any comments would be much appreciated

Vluu