Property investment seminars – genuine only!

Hi Mel

There's always going to be a motive behind seminars – it's not necessarily a bad thing, but it's a reality.

If you're looking to touch base with other investors in your area, I know there's a regular get together in Melb that's broadcasted on the somersoft forum.

Cheers

Jamie

Ultimately, people running seminars are earning either all or some of their income through doing so.  Whether it be charging tickets to the event, or sourcing new clients that will buy product/services.  Naturally if something is your source of income, you need to earn money from it.  It is rewarding educating others for the love of it but this unfortunately doesn't put food on the table.  Similarly, you wouldn't go to work each day unless they paid you.

Hey mjm2. I believe Steve is of the small percentage that want to see you succeed in property. Also I would highly recommend Cherie Barber with renovating for profit. These two investors are not afraid to share any bit of knowledge they have with you. I used to think the same as you… They just want my money! Buy since paying a very substantial amount  of my money to  learn about the process Cherie puts into practise, has proved to be a very valuable investment for my future.  I didn't like some of my teachers or lecturers at school and university or the way they talked sometimes. And they may not have been very moral or cared about me at all, but I paid more money to sit under their teaching than  steve or Cherie are asking for their life changing lessons. These people don't need our money. They know how to make their own. But they are willing to share their knowledge and mentor us until we are successful. Us having to pay this money proves that we really believe it ourselves that this is an investment and we will treat it like its precious! 

Take the faith step… Invest in your future!!

I attend most of the seminars I find out about nearby that aren’t ridiculously priced. I attend knowing there might be an ulterior motive and that I may have been invited along because its an opportunity for someone to express how difficult it is to make it in property investing without having the right team behind you, before offering their expert services for thousands of dollars. Generally I dont mind being offered something.

The worst case of this by far was Michael Yardney. I took my girlfriend with me and I had to apologise big time. It was unbelievable, I felt like I was in a room full of sheep that he was trying to manipulate, almost American cult like. All day he would give an example of a benefit to successful property investing like passive income for eg, and say raise your hand if you want a piece of that? All day everyone was raising their hands. I said to my gf early on he’s trying to get everyone into an ‘agreeable state’ there’s a big sales pitch coming up soon… And sure enough it came, $4k for some millionaire mentorship programme.

It could of been the best mentoring programme in the world for the best value for all I knew, but the way he tried to manipulate the room made me feel sick. I felt embarrassed to be there. People were rushing up to buy it and I’m sure some of those were hired to create the feeling that ‘everyone’s going for it’ (its called social proof) and he sat at the front of the room almost foaming at the mouth while people were signing up. Cringe!

The only reason I didn’t leave after the first hr or so was a good accountant was talking at the end about trust structures and I needed to hear what they had to say, plus there were a couple of other speakers I wanted to hear.

I have a couple of his books but after seeing him that day I will never spend another cent on anything from him again. The last book I read was like a rip off of rich dad poor dad. I hope he reads this, and i’d love to hear from anyone else who has attended one of his seminars or better, been on his mentorship programme?

I still attend lots of seminars on the basis that if I find out one piece of useful information it will probably have been worth the money. Steve is in Perth next month ($20) I’ve no doubt there’ll be a mention of his USA property fund at the end and an offer go get in a little cheaper on the night but as long as he doesn’t try and hypnotize the room I don’t mind hearing it! I’ll report back on this thread and let you know how that one goes..

hmm, advise from someone that doesn't know the difference between "no" and "know"?

I assume it's more of an opportunity to chat with like minded people and bounce some ideas of others. I think they have a guest speaker every now and then.

You're right, it's not a seminar per se….but certainly probably worth checking out for someone that lives in the area.

Cheers

Jamie

Hi Mel,

Commbank are running an investors night in WA in conjunctin with Andrew Winter and the Sunday Times. Not sure if there are plans to do the same in other states – but might be worth a look. 

In terms of seminars. I would try and work out what basic strategy you want to employ before attending any seminar. You can do this through books and chatting online on this forum.

Many seminars do 'encourage' you to follow a certain investment philosophy and you may find yourself being swayed all over the place and become very confused. After all there a seminar presenters who do capital growth, there are those who do cashflow, vendor finance, developments, flipping, options and so on.

If you do end up doing the rounds make sure you leave your credit card at home, promise not to do anything for a week and glean as much as you can from each.

Hope this helps.

VirtualIT, wow what is your problem?  Richard has been a member for a loooong time.  Spends his spare time guiding people out of their ever-present spots of bother here on the forums.  The man is very knowledgeable, always delivers beyond expectation and has done extremely well for himself.  Abbreviating words is what many choose to do in the brave new world of forums and lots of typing on iPhones and iPads and such. 

Might be polite to check the street cred of someone before you attack…

I don’t no why people are so unkind