just been to a positive real estate investment seminar

From memory they do offer mentoring program with ongoing support.

JayT, ……

Just had a read of their web site …. what they offer sounds very much like a real estate agency in Perth that used to run one hour seminars on negative gearing which started me on my path wayyyyyy back in the mid 1980's. His name was Rory O'Rourke, … many of the more mature Perth investors will know of him and his agency.

As Nigel say's … Positive Real Estate are in the business to make money which is fair enough, but in some form or another you will have to pay for that service, which is also fair enough as long as it's above board. From what I quickly read, you would have just as much information available to you on this forum and similar forums. It just depends on if you are happy to let someone else make the decisions for you or take on the responsibility of creating your own destiny.

It is very easy to get caught up in the high energy promises of great rewards from property professionals …. Experience has taught me that it just doesn't happen quickly or is as easy as is made out by so called experts. Creating wealth in most cases takes hard work and persistence and is dependent on future cyclic trends which not even these people can accurately predict.

Another thing … what is this urgency for young people today to want to retire or give up work at an early age …. JayT, … take it from someone that tried … doing nothing challenging each day gets damn boring very quickly. Start to dream and plan for the day you are in a position to quit your regular job, so that you start the next phase of your life doing what you are passionate about. I now do small developments and renovations … challenging and rewarding and I'm loving it.

So, in summary … you can in some way or another pay these guy's to hold your hand through the process or take on board what is freely available from experienced investors and start your journey. Just make sure whichever route you take … keep your eye's and mind open and always do your own due diligence to ensure what you are told is in fact true.

All the best

Mystery

If you are going down the path of joining a mentoring group – be sure to do your due dilligence on the mentor groups just as you would on an investment property.  Make sure you compare as many mentor groups as possible and look at exactly what they are offering – whether it is an opportunity for them to sell you a property or an opportunity for you to learn how to source and buy a property that is right for you.  Be aware that Positive Real Estate is exactly that – a Real Estate Company that has properties for sale.  From my experience they tend to mould your strategy around what they have on their books at the time.  Having said that they do have some very good information on what is happening in various markets at any particular time.

A few points JayT.

I don't know PREI – so my comments are general in nature rather than aimed at PREI.

1. If you are going to use a mentoring program make sure it fits your needs rather you being moulded to fit their needs. There is a huge difference between true mentoring and pseudo-mentoring.

2. I noticed you said you were, "quite impressed" – be interested to see if you have other similar experiences to compare PREI with?

3. Agree with Mystery – you are a long time retired. While it sounds very exciting at a young age there is a  need for mental stimulation and challenge.

Hope this helps.

It wouldn’t be negative press, just give an account of your experience with them. Good or bad, its what this forum is for. They can always post a response.

Isn’t positive real estate Sam saggers who’s featured a lot in PI magazines? Thought he was supposed to be a bit of an expert

Thanks CMS. I went to a PRE seminar and then as a guest at a mentoring night. 

I was ready to buy with heaps of money in a LOC ready to spend and thought their service would suit me. I wrote this on the form and that I was ready to buy NOW.

BUT they totally ignored me (and another lady by herself). On the form I put my name and it asked for spouse so I put  hubby's name (who was not interested in property).

For a month no one rang. Then they rang my husband. He told them to ring me as he knows nothing about property. They rang him again several times over the next few weeks. In the end he said "are you guys idiots (well probably a stronger word) my wife was interested in your mentoring program and has money to spend". They FINALLY rang me. I told them where to go.

They were sending me Emails then after a month they camer still to my Email but addressed to my husband. Jeesh! you'd think they'd know that women control more than half the spending ion Australia.

I later attended a few meetings when they franchised out. They were just pushing their properties. At that time they were talking up Coomera and how it was a gold mine. Boomera Coomera they said. They had apartments there they had built.

Buyer beware is all I'll say.

I was very interested in working with PRE, but after some research I decided to go on my own. They have very interesting and cool advertisement strategy and it works. They are very aggressive and growing fast. it is a problem !

I think it is pretty simple: it is a business. The goal of any business is to make money ! With growing staff they need more people to sign up. Yeah $10 K sounds like not a big loss when you can make $100 K. But-they are one stop shop and do everything for you. clear sign of spruiker.

If you go ahead – you get their opinion about value, future, purchase price of investment, etc They sell their own houses and units in dodgy spots ( mining towns, etc) It might work and might not so you always have 50/50 chance if you prepared to risk

So 100% agree with above: Due diligence is required with everything these days!

Wow D'OK that is, to be kind, bad customer service and business people have no excuse to not respond promptly to clients and potential clients with all the means of communication at our fingertips.

To add to the OP every one in business has an angle. Not that its wrong but when sitting in front of someone attempting to sell or persuade you in a particular direction it is important to remain unemotional and ask your self;

What is their angle and motivation for getting me to do what they are asking me to do?

Because they are franchised out now you need to find out who you are actually dealing with. I know a few of the people that took up the franchises were former students.

Check their portfolio, strategies etc. Some may be better than others??