Hey Guys, I’m an avid reader of the Forum, but don’t post much, so, hello! Anyway, I attended a free seminar from the National Investment Institute several months ago, which was a pitch to join their year long training, coaching, and in effect property hand holding. Has anyone been on this course or know of anyone that has? I caught some negative feedback about one of the founders on Today Tonight, although it was a report without the greatest of substance.
G’day Thomas
All I can say is save your money. I attended their 5 day workshop last year and have to say it was the most wasted $13k I have ever spent.
The focus of the program is essentially 2 fold. ( I might provide a more detailed outline of my experience later on the forum), but essentially they preach – 1/ Flips & 2/Mezzanine Finance.
I saw many examples of multiple properties being bought off the plan (Mainly Sydney and Melbourne Aprtments in the late 90’s) then, on-selling them 12 months later (on settlement) based on their increased valuation. There was a real focus on controlling the valuation process and convincing valuers and banks to lend or value against these new inflated prices. In today’s market, the strategies simply do not work.
Mezz finance is about you becoming a 2nd mortagee to developers. e.g if a developer can only get 80% finance for a project, you may offer the additional 20% at a premium interest as high as 20%+. They even showed examples of how you could get returns of 100% plus using this method. This part of the course took up 3 whole days and was supported by various valuers, quantity surveyors etc, some of which I believe had direct links back to NII
I would be happy to provide you with more insight, but all I can say is, that there are much cheaper ways of getting an education in property investment.
Good luck!
I did the course two years ago and thought it was fantastic. However the market has changed and it is not t hat easy to implement now. Steve covers alot of that Henry talks about except he does have some great techniques that I have used and then have worked. But t hat was two years ago the market is different now. I think you should probably spend the $900 on Steve’s day first and see how you go. Henry’s is thousands of $$$$. Its not necessary.
Dianae01
Email MeHi Thomas
I have a friend who joined his 15k course and was not happy at the end of it and is still trying to get his money back.Having said that I recently also went to a seminar where they said that 1000 people will earn more than 50k in 2 years or get payed 50k and a course refund (yes NII is Henry Kaye) anyway I went to the interview with my wife and we both thought that it was a bit on the scam side.
I asked the interviewer about the 50k guarentee and they said that with the information they will teach us it would be very easy to earn 50k and if you try hard you could do it in a few months.All for just $99 a week for 4 yrs so I asked if its so easy to earn 50k how about I give you 25k when we earn our first 50k they said that it dosen’t work like that, I thought it was a win win they get an extra 10k in a few months and I do their course without the $99 a week.
I then asked again about the guarentee which they showed me a list of things that must be done in order to qualify like at least 10 hours of study a week and watching the DVD’s every week etc, so I suggested that we keep a study diary so that at the end of it we could prove that we did do everything as required.
The interviewer at this point suggested that we aren’t the type of people that they are looking for to do the course and finished the interview.Note the views of my wife and I are not nessesarily the same as others I am just stating what we thought at the time.
Cheers guys, that was the type of advice I was looking for. The new price for the course is $15K, which is in anybody’s book a lot of spondoolics. Although the whole investment with little money down does prick the ears up.
Hi Thomas,
Don’t get fooled. He is as shonky as they get!
Try using the search function. The N.I.I. has been discussed in a lot of depth in the past.
Cheers,
Del
Hi all,
My fiance and I were sucked into the whole deal with NII. We have been really disappointed. we’re not saying that what they have to say is not possible. I certainly can see how it is but we were lead convincingly to believe we would have a support person the whole way through which is a load of @#$%. They have been and more often than not from what we have heard through others, continue to be very unreliable. They do a whole sell scenario where they go and check with their boss to see whether he thinks you’re suitable for the course–as though you’re privilaged to be accepted and tell you that there is a 90%+ success rate and give the impression that its completely legit and government approved etc. Our last comment from our sign up consultant, Cass was “I look foward to working with you”—wouldn’t that leave you feeling pretty good! we really thought we were paying for a course and coach in one–we ended up paying $15000 for DVD’s. I attended one of the weekend workshops included that only I was allowed to go to. if my fiance was to go we would have had to pay for another person to do the course!! Anyway on the course–we were introduced to a company who sources new apartment deals for a fee aswell as another one who could sell us access to a due diligence search page at about $2000 a year. We just felt as though there were more costs everywhere we turned. Then there was the guy who runs a financial solutions business also for a fee. The depressing thing for us was that he was prepared to deliver everything we thought we were paying for with NII.
Anyway we paying for this course that has received so much publicity lately that we don’t want to admit to anyone we’ve done anything so foolish.
I really want to attend Steve McKnights course but as you could understand my fiance isn’t all that keen to spend any more money on seminars etc accept for the odd $60 here and there. Life is certainly a lesson at times.
DOn’t do it—save your money. i recommend spending the $15000 on heaps of tapes and books and seminars offered by the great property gurus like john Burley, Kiyosaki and Dolf De Roos etc etc….and Steve McKnight.
Hope that helps
HannahHi all,
My only thoughts to this is ->
how much will it take people to get off their butts and change their lives for the better? If it takes 15k for them to get motivated then so be it. If it takes less than that then thats great. Some people need to spend that kind of money in order to get motivated some do not.
I would say to you first check out the forums – post questions to people and see the answers. If you feel that you still do not understand what you need to know then look at courses.
Best regards
marc
Hi there,
This weekend, when I was telling some of my family about cash flow +ve property, HK’s name came up. My cousin went to school with him (same class). Needless to say, I was told some very interesting info. Then the rest of the family piped up “Oh yeah, I rememeber him…”
When you go to the free seminar, ask him “How much property does he own?”Cheers
Sooshie [
]“small steps make the journey” (SAS)
I also attened a Henry Kaye night in Melbourne, where he promised to pick someone to take on the million dollar challange. Here many people just walk out during his gripe about how the media has reviewed him in not such a good light. 2 weeks later I got an email from them, still looking for that someone to teach. Be careful of their guarantee, from what I can understand you have to follow all the steps the right way and if you fail you didn’t follow them correctly.
I also attened a Henry Kaye night in Melbourne, where he promised to pick someone to take on the million dollar challange. Here many people just walk out during his gripe about how the media has reviewed him in not such a good light. 2 weeks later I got an email from them, still looking for that someone to teach. Be careful of their guarantee, from what I can understand you have to follow all the steps the right way and if you fail you didn’t follow them correctly.Hi Pete
In our interview I sugested that I would keep a study diary to prove at the end that we did everything as per their outlines at which point the interviewer said that they thought we wern’t suitable to do their course which is strange as what my wife likes to call they were digging a hole from the start for us to fall into.
I also know someone who did all the National Investment Institute stuff…. About a year ago he paid out over $10,000, and told me he’d be a millionaire very shortly with all the stuff he was learning. I told him to invite me around for dinner when he’d made his first million…
I told him I was also looking at investing in property and he gave me tickets to an NII night. Needless to say, we were sceptical and didn’t sign up for anything.
So a year later, every time he comes in I ask how it’s all going. He hasn’t lost his enthusiasm yet. He keeps saying “We’re getting there, we’ll have our first deal any day now….” He was researching the bayside areas of Melbourne. But from what I can see, it’s not working out how he thought, and the deals he’s searching for just aren’t there… even though he spends several days a week on looking for them.
Glad I didn’t take up the offer myself!!
Lozza
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.
Sooshie,
Can you please elaborate on HKs property past.
You can email me on [email protected] if you think its not appropriate to post on the forum.
I’m very interested
vluu
Hey guys…
I myself went to the Investment Mastery 4 day seminar. I am still paying for the actual course until now!
I went to it trying to learn more about Property Investing and I guess fast track my knowledge because the consultant promised me to hold my hand to making me financially comfortable. After I signed up never heard from the consultant ever again.
ApartWell alot of people got rich from his seminars and alot of people didn’t do much after it.
I met some successful people in the seminar and became great friends with them which was the good part of the seminar.
It would’ve been good if I have known about positive cashflow in the first place!Hi there,
vluu, you should receive my email by breaky time [
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Carlo it was good to hear you turned a negative experience into a positive one. It would however be interesting to find out why these successful property investing people were at HK’s seminar.Cheers
Sooshie []“small steps make the journey” (SAS)
Hi Sooshie,
Well actually used a few Henry Kaye stategies and got used it to combine with his degree coz he was a financial planner. He still believes that it wasn’t worth the amount that we paid for.
I think the past few months I’ve gotten more out of this site and Steve’s book compared to what I got from NII.
Its ok life moves on and learn from the mistakes that you make and help others not make the same mistake!A news letter that I get monthly had a story about a woman that took on Henry Kaye for her money back and won you can find it on
http://www.jenman.com and no I’m not promoting jenman he has his own views as we all doIf anyone looks for the articule on jenmans site
click on stories [menu top left]and look for August 5th How I got my money back this will save you looking through the full siteThanks for the link Upcash a friend of mine has been trying to get his money back for a while and I have forwarded the story on to him.
Cam.
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