Income Education course offered in Australia

Cath01 wrote:

Hi All,
I attended the Income Education seminar last night and the way they have presented it this time is you sign up attend the seminar and once you have completed your first transaction you will get your course fee refunded in full. Am thinking of doing it. I would like hear form anyone else that has attended their 3 day seminar. I am inteseted in the tax lien aspect.
Thanks Cath

Hi there – everyone I know that have proceeded have regretted it. Whats your strategy? people on here can help less the pricetag.

Cheers Ivan

hi Cath

What was it about tax liens that you liked?

Did they provide you with a basic approach on how to go about buying tax liens in your chosen state?

Okay thanks for that. Tax Liens are an exciting opportunity in the US. You certainly don’t need 3 days to learn about them.

What I found attractive about tax Liens is they are backed by the US government. They come about when a property owner has not paid their annual property taxes (our council rates here), after a certain time the county will put a lien on the property (similar to a caveat here) and then sell it to the highest bidder and guarantee a fixed rate of return each year. e.g Lee County in Florida is an 18% return on the cost of the lien. The county do this as they need to pay for public services and if no one paid there taxes they cannot run these local services such as the police force!

Investors buy liens as they are very low risk, backed by the US government, as long as you don’t mind waiting a year or two for your return. The idea though is to buy the right liens that are likely to get paid out as you do not necessarily want to have to force foreclosure on a property, which leads to more time. Albeit you are earning interest the longer it runs.

If you foreclose you can then end up with the property, which for some investors is why they buy tax liens, however I think the opportunity to end up with the property is less and less in the current climate, while property prices are rising again, owners are less inclined to walk away and find a way to repay their debts and keep onto their home and biggest asset.

Hi Cath,
May be this message is too late as advise but PLS DON’T FALL IN TO THE TRAP OF INCOME EDUCATION USA.!

I have been gullible and paid $25000 for a Platinum package and now fighting back for a refund of which I am being denied. They a crooks and they will trap you to buy their own property at a Buying Summit (I attended one in Gold Coast) and they sell property with mortgages and liens (caveats) without disclosing any info. When you go to sell them, you’ll find that you are being duped.
So, NO NO NO, PLEASE.
Cheers

good on you Cath.

I attended their seminar back in 2014 and thankfully was busy during their 3 days training program. After doing some research online, I came across people who had very bad experiences with them. The company called Empowernet promotes such events where they gather people who show how they live a king size lifestyle by investing in properties, online business, stock market etc. The seminar is promoted by adding pictures of people like Tony Robbins, Robert Kiyosaki, Richard Branson etc. These guys do attend the event but they are there only for 40 mins to 1 hour max and behave as if they have no clue what the other speakers are talking about. It was funny when this guy said the US property is hot to invest right now and later Robert Kiyosaki was explaining how the US property is going down. The idea is to attract people for the seminars and then drag them in to various courses. Then they ask people to take more courses which are costlier and it keeps going on. The way they attract people at the seminar is pretty impressive and its best to keep your credit cards at home before attending such seminars.

I was lucky to get my refund and it really makes me feel sad that these guys are still operating here. In fact, they had a 2 day seminar in Melbourne with Tony Robbins yesterday & today. I guess they will be in Sydney on Saturday & Sunday. Attend the seminar but dont pay for the courses.

A Google search on Empowernet scam, Income Education scam can help. Search on YouTube for “Robert Kisyosaki exposed” to know how they operate. Hope this helps.

My advice is to stay away from Income Education (or whatever they call themselves now).
They are really good at marketing the results of a few people… and mostly Americans. They will hype you up and take your money. But that is about it.

I was a diamond member, went to the buying summit in Vegas, purchased additional training and tried utilizing their teachings. Approximately 50k later I realised that they are just after my money. Worst mistake I ever made.

In regards to their services, I got very little useful support and the training material was vague, outdated and useless to Australians. Even the people on the support lines were of no help because they knew nothing of running a real estate business from Australia.

Save your money and invest it here in Australia. I am convinced they are just trying to help America recover and dont care about who they destroy in their objective.
If I had a second chance I wouldn’t have given them a cent. This is your warning.