Shonkster or Godsend?

Save your money. There is no secret. Everything that can be known about property investing is public knowledge, most of which can be found on this forum for free.

Hi,
I've done his course before and I asked for refund! All what he said is in the books. I recommend you read "Rich dad Poor dad" to get the mind set right first. Then get the following book "cash flow quadrant" and "Guide to investing". They will open up your eyes!
Good luck
Youness
http://www.happyhomes.net.au

There was a very long thread some time ago re Jamie McIntyre. Jamie was actually involved in the discussion himself. Maybe do a search on this site.

As someone said he sells knowledge. Whether you wish to pay $4000 for it is the crux of the matter. You have to consider a fair amount of time would have gone into putting the home course together. I am not sure it would be $4000 worth though. People like JM have good intentions in wanting to educate us on investing because hopefully it can help Australia as a whole. There are too many uneducated people throwing money around when they shouldn't be, so education should help.

There is a problem though. There is a mistaken belief we can all be educated, apply it and become rich. That's not going to happen. Life isn't like that. Theoretically it should happen, but life isn't about theory. The fact is that a very few of the people who take this path will become wealthy, but the majority won't. If you think differently, then you aren't living in the real world. The trick is to make yourself one of the few, providing you have the passion. If you don't, forget it.

Many don't like being presented with the facts because it sounds somewhat negative. I prefer to deal in reality, not fantasy. We all have different motivations. Some will be driven to achieve wealth, whereas others may start with good intentions, but they just can't maintain the motivation. Maybe they don't have the willpower, they get distracted or life throws them a curve ball. Just because you take a particular path in life, that doesn't mean you have a guaranteed outcome.

So, if you were to buy JM's home study course, it will require a good deal of application to get the best from it. It is a mistake to believe that JM can train everyone to be successful to the degree he is (from what I've heard).

I have some issue with writing covered call options (renting) over shares to make a living. The belief is you can make about 3%/month which equates to 36%/year. That is very high and in my opinion not possible in the long term. I've looked at some Aust shares and the premiums aren't very good, so I don't see how you get this to work consistently.

Having spent over six years around the investment scene looking at lots of strategies some things I have learnt. Don't pay endless amounts of money on so-called education. You need that money for investment and you won't have it if you blow $20k on education! OK, so how do you gain the knowledge? Read a lot of books, use your common sense and build your knowledge through your own trial and error. There are heaps of books (which you can even get from the library) with all the strategies you could want. You don't necessarily need somone at a seminar telling you what you can get from a $30 book. One thing I like about the share market is you can commit real money to experiment. Sounds dangerous, but if you do it in a controlled way it won't kill you. I have made heaps of mistakes (lost a significant amount of money) in the learning process, but it's never deterred me. I recover and move on. These real life lessons are the key to understanding.

Investment requires passion and application. You don't have a hope without it. In other words don't think you can cut to the chase because you want to make a lot of money. You are doomed with that attitude.

Further to Tyson's post;

I've read all R.K's books, and Tyson is right; they are more mindset and concepts – not so much nuts and bolts, but the mindset shift is probably the biggest factor. They will change you from a consumer to an investor.

I now look at people driving around in $50k cars knowing they are leased or on h.p, and I think "that's another I.P deposit right there" and so on.

I'd advise searching for past clients that have already undertaken the course. This would be an easy way to find whether or not the course is for real or even helpful.
Attending seminars on this topic is usually far cheaper and may be just as rewarding. Look into all of your options before putting your eggs into one basket. Much of this information is already known throughout the wider community and a bit of research may yield you priceless information for absolutely nothing.
Good luck!