Reno Kings

Know some people who’ve done it and they said excellent for beginners, probably a bit self-evident for experienced investors but you always learn something.

Hope that helps.

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Mel
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I did the Reno Kings’ property masters workshop last year.

I thought the day was a pretty good intensive overview of how to profit from a capital gain approach to property. Really quite good for a beginner (e.g. me). I’m sure a more experienced investor would have been able to gain valuable insight from it as well.

My only complaints are as follows – not to be negative, but you asked for good and bad, and I generally try to get the bad out of the way before the good. I leaves a better taste…

I thought they tried to cover too much information for the time they allocated. As I said – intensive. Unfortunately they tended to gloss over some stuff and their manual, while good, is missing some of the detail they glossed over. Pity.

Because their approach is mostly aimed at capital growth, I was surprised at how much they advocated “buy – improve – raise rent – use new equity to buy” without seeming to take into account the extra outgoing needed for the increased debt. I would have expected more “buy – improve – raise rent to make CF+”. They alluded to getting properties “as close to positively geared as possible” from the outset, to help affordability. Other than that, positive cashflow seemed almost ignored (maybe even a little put down) – oh, except for using positive cashflow property to fund the negative cashflow for your negative geared property.

Now don’t get me wrong, I’m not saying the day was a waste of time. I had a great time and learned loads. They opened my eyes to more ways of increasing the value – and hence the rent – of a property pretty easily and cheaply, as well as some of the stuff to look out for in the first place. They covered some stuff about getting good rental managers vs doing it yourself. They showed lots of video snippits of how easy some renovating really is to do (well, it looked easy when they did it!). And they had several experts in related fields on hand to answer questions.

I thought the seminar was pretty good. Just remember, though, if you’re in these forums, you’re probably more into CF+ investing, so this seminar won’t be aimed directly at you. It may be useful though.

If you were thinking of doing one seminar this year and the choice was between this and Steve’n’Dave’s one, I’d probably choose Steve’n’Dave’s one, purely because they are aimed directly at CF+ property.

Hope this helps.[?]

Craig

100% of the shots I don’t make don’t go in – Wayne Gretzky