Property Guru seminars, hogwash or not???
Discussion
You just need to remember that in any industry where someone is selling the magic dream on how to make a fortune in xyz, they are not doing that, they are making their fortune by telling you how they would do it, if it wasn't easier to take money off theatres full of gullible wannabe millionaires 
My mother went to one a few years ago by that guy who's on "Homes under the hammer" (although apparently he never turned up)
and basically they were telling everyone ways to generate deposits for houses, using credit cards etc just until you get the mortgage in place before you either flip or pop them on rent.
At the end of the night they were selling a "How to" pack for £800 with all the secrets of how the big boys do it.
My mother never bought one because the line was too long and she couldnt be bothered waiting shows how easy it is to get caught up in the "dream"
and basically they were telling everyone ways to generate deposits for houses, using credit cards etc just until you get the mortgage in place before you either flip or pop them on rent.
At the end of the night they were selling a "How to" pack for £800 with all the secrets of how the big boys do it.
My mother never bought one because the line was too long and she couldnt be bothered waiting shows how easy it is to get caught up in the "dream"
If you know nothing of the techniques covered by such seminars, then the first one you go to might teach you something and will be free.
If you go to such a thing, expect a large part of the session to be dedicated to upselling. That is probably best dodged imo.
Some purveyors of such training and the subsequent investment opportunities are currently under investigation for fraud / similar and a couple are currently in prison.
Just as you can learn a lot about cars on this forum, there are similar forums talking about property investing www.propertytribes.com is worth a look imo
If you go to such a thing, expect a large part of the session to be dedicated to upselling. That is probably best dodged imo.
Some purveyors of such training and the subsequent investment opportunities are currently under investigation for fraud / similar and a couple are currently in prison.
Just as you can learn a lot about cars on this forum, there are similar forums talking about property investing www.propertytribes.com is worth a look imo
If you, as most of the gurus are supposed to be, a multi-multi million pound entrepreneur, where would you spend your Wednesday evenings?
A) A pleasant evening at home, with a glass of wine and a film, perhaps even on holiday
B) A Holiday Inn just south of Nuneaton at 9pm, educating and giving "something back"* *RRP £399
Search any of them on Companies House etc and there all have a net worth of bugger all... and despite thier millions, they are all looking for Joint Venture partners to lend them money...
A) A pleasant evening at home, with a glass of wine and a film, perhaps even on holiday
B) A Holiday Inn just south of Nuneaton at 9pm, educating and giving "something back"* *RRP £399
Search any of them on Companies House etc and there all have a net worth of bugger all... and despite thier millions, they are all looking for Joint Venture partners to lend them money...
WolfAir said:
and basically they were telling everyone ways to generate deposits for houses, using credit cards etc just until you get the mortgage in place before you either flip or pop them on rent.
I once went to one of the "Inside Track" property seminars, to the free one in a local hotel, and that was pretty much it. They wheeled out quite a few people who "owned" several properties, but that was their approach too - buy one, get it rented out, then do a revaluation, remortgage it, take out the increase and use that to buy the next one. Seemed quite precarious. I did actually sign up for the "weekend" course, but backed out the next day and cancelled, and to their credit, they did refund the fee quite quickly. They went into administration not long after, though I doubt it was my fault. I managed to get a copy of some videos of their weekend seminar off eBay not long after, I couldn't say I've watched more than an hour or two and I think a full weekend would have been quite draining.To be fair, I think some of the people above are missing the point, and I say this having snaffled the free VHS recording of the Inside Track seminars, and knowing an awful lot of people who have attended a particular course Birmingham (10k/ pop), the chap at the top of which is genuinely a multimillionaire through property- read on.
Those giving the courses profess to have "a mindset". A lot of it stems from their feeling of superiority that people with jobs are "Just Over Broke", and they intend to "break free" of this tyranny through property investment, which will provide them with a passive income that will mean they can "retire early" and using other people's money, their insight will mean they don't have to have a job.
Most of them fail to understand they are simply swapping employment for some sort of self-employment (ie managing their own properties).
In days of old, the intention was to save a deposit, and buy, remortgaging ASAP to release enough money to buy again. This works in times of boom of course, and if you've been in for 10+ years, you're alright jack.
There was a time when you could also remortgage same day, the "buying BMV" or Below Market Value route, the theory being if you could get a 15% discount from the valuation price (ie a distressed seller), you could remortgage same day to 100% of the price you're paying. They saw this as a moral crusade, saving people from nasty reposession, failing to realise they were just skanking the deal from under a lender, the original owner still gets stiffed.
Mortgage lending changed significantly post 2008, so those instant remortgages don't really work, and people with time, but no money, still wanted an "in". So a series of "networks" has grown up around those people who have money (sources of deposit/ refurb etc), and those who have time (to find deals, talk the right language), bringing them together.
This means some of these types also make money from lending- their own money, or again, other people's. Just look at Crowd Property, they pay 8%. I guarantee they charge north of 12%, plus setup fees. They're doing more than alright.
Now you might think that sitting at home with the chablis is a better idea than Basingstoke, and who could argue? Other than those with this mindset appear wholly consumed with it- they have got enough money to stop, but it almost becomes a game. How big a deal can they do? How much bigger again? Who do they have to meet to find that illusive opportunity and structure a new deal where they can then run another fricking course on it?? In essence, they just can't stop.
Can yuo learn? Yes. And meet people who offer ready-made structures, from those who will deal with all aspects of buying, to complete refurbishments, interior design or furniture packs, all in the same place.
Will it make you millions? That depends if you can overcome your scepticism and buy in and "fully commit" to the whole back-slapping kum-by-yah of it all. I know a lot of people who have. And they still don't enjoy it, as they are constantly looking for that bigger deal!
Those giving the courses profess to have "a mindset". A lot of it stems from their feeling of superiority that people with jobs are "Just Over Broke", and they intend to "break free" of this tyranny through property investment, which will provide them with a passive income that will mean they can "retire early" and using other people's money, their insight will mean they don't have to have a job.
Most of them fail to understand they are simply swapping employment for some sort of self-employment (ie managing their own properties).
In days of old, the intention was to save a deposit, and buy, remortgaging ASAP to release enough money to buy again. This works in times of boom of course, and if you've been in for 10+ years, you're alright jack.
There was a time when you could also remortgage same day, the "buying BMV" or Below Market Value route, the theory being if you could get a 15% discount from the valuation price (ie a distressed seller), you could remortgage same day to 100% of the price you're paying. They saw this as a moral crusade, saving people from nasty reposession, failing to realise they were just skanking the deal from under a lender, the original owner still gets stiffed.
Mortgage lending changed significantly post 2008, so those instant remortgages don't really work, and people with time, but no money, still wanted an "in". So a series of "networks" has grown up around those people who have money (sources of deposit/ refurb etc), and those who have time (to find deals, talk the right language), bringing them together.
This means some of these types also make money from lending- their own money, or again, other people's. Just look at Crowd Property, they pay 8%. I guarantee they charge north of 12%, plus setup fees. They're doing more than alright.
Now you might think that sitting at home with the chablis is a better idea than Basingstoke, and who could argue? Other than those with this mindset appear wholly consumed with it- they have got enough money to stop, but it almost becomes a game. How big a deal can they do? How much bigger again? Who do they have to meet to find that illusive opportunity and structure a new deal where they can then run another fricking course on it?? In essence, they just can't stop.
Can yuo learn? Yes. And meet people who offer ready-made structures, from those who will deal with all aspects of buying, to complete refurbishments, interior design or furniture packs, all in the same place.
Will it make you millions? That depends if you can overcome your scepticism and buy in and "fully commit" to the whole back-slapping kum-by-yah of it all. I know a lot of people who have. And they still don't enjoy it, as they are constantly looking for that bigger deal!
jamescodriver said:
If you, as most of the gurus are supposed to be, a multi-multi million pound entrepreneur, where would you spend your Wednesday evenings?
A) A pleasant evening at home, with a glass of wine and a film, perhaps even on holiday
B) A Holiday Inn just south of Nuneaton at 9pm, educating and giving "something back"* *RRP £399
Whilst I'd normally share your scepticism I know a couple of people who have been to £10k courses and made a lot of money from what they learned.A) A pleasant evening at home, with a glass of wine and a film, perhaps even on holiday
B) A Holiday Inn just south of Nuneaton at 9pm, educating and giving "something back"* *RRP £399
And no matter how rich you are if you can pull in £399x20 for a couple of hours in said Holiday Inn, it's not the worst hourly rate ever.
But as ever with any of these things it's ultimately about doing it.
Muncher said:
I used to listen to some of the Property Hub podcasts and even bought one of their books, there was a lot of useful information but they soon spiralled towards pushing their own interests, promoting their seminars and other ways to fleece their punters.
Ha ha the two Robs are probably the only ones not "fleecing their punters"They have a very useful free weekly podcast and website
Their magazine which is full of content not ads costs £5 a quarter
Their books are great and no more than £10 each
Their in person networking events are free and there is not one sales pitch or guru speaker
Maybe fleecing their punters was a bit harsh, but they now charge £449 to attend their 1 day summits.
Their business model is set out here:
http://www.makingitanywhere.com/big-business-updat...
They can't be viewed as being entirely impartial as the purpose of all the books, podcasts, forums and meets is to extract money from investors via RMP Property, then via Yellow Lettings and they appear to have another offering in the pipelines too.
I don't blame them at all for this and they have put some great content out there but you need to take some of it with a pinch of salt.
Their business model is set out here:
http://www.makingitanywhere.com/big-business-updat...
They can't be viewed as being entirely impartial as the purpose of all the books, podcasts, forums and meets is to extract money from investors via RMP Property, then via Yellow Lettings and they appear to have another offering in the pipelines too.
I don't blame them at all for this and they have put some great content out there but you need to take some of it with a pinch of salt.
I know someone (Paul Higgs) whom runs land workshops (how to identify land opportunities, approach land owners, evaluate site potential etc etc). Runs online courses, or weekend workshops.
One of the few people I know running these courses whom has already made alot of money from actually having developed himself. I used to work with him at Barratt Homes but that's an aside.
Its just a note to say that not all of these courses are run by people whom have no idea that's all
One of the few people I know running these courses whom has already made alot of money from actually having developed himself. I used to work with him at Barratt Homes but that's an aside.
Its just a note to say that not all of these courses are run by people whom have no idea that's all
Croutons said:
Will it make you millions? That depends if you can overcome your scepticism and buy in and "fully commit" to the whole back-slapping kum-by-yah of it all. I know a lot of people who have. And they still don't enjoy it, as they are constantly looking for that bigger deal!
I'd agree with the mentality side of it - a lot of the talk was centred on changing your way of thinking, and while I was actually at the evening "do" I could see it. But I couldn't still see it after I'd left, unfortunately. What can anyone tell you that isn't already public knowledge? I've no idea, the content of these seminars, but I cannot believe it's worth it, for anyone; when surely, common sense and some research will get you as far.
If someone has been on a course and then gone on to make money; fair enough - but I'd say they could have made their money without going on the course; but were maybe given the boost they needed, mentally, to go for it. That's about the only value I can see in these things.
If someone has been on a course and then gone on to make money; fair enough - but I'd say they could have made their money without going on the course; but were maybe given the boost they needed, mentally, to go for it. That's about the only value I can see in these things.
LDN said:
What can anyone tell you that isn't already public knowledge? I've no idea, the content of these seminars, but I cannot believe it's worth it, for anyone; when surely, common sense and some research will get you as far.
In any industry there is plenty which isn't public knowledge. Especially as rules and regs change, taxes change etc, there's always a new angle you maybe haven't thought of. I could apply common sense and research to my problematic knee, but I'd really be better going to a doctor. The issue with these courses (and I've never been on one) is asserting whether they are qualified doctors or quacks.
The smartest angle of all is to know someone who pays their £10k, does the course and glean the knowledge from them for free. Let them take the risk.
technodup said:
LDN said:
What can anyone tell you that isn't already public knowledge? I've no idea, the content of these seminars, but I cannot believe it's worth it, for anyone; when surely, common sense and some research will get you as far.
In any industry there is plenty which isn't public knowledge. Especially as rules and regs change, taxes change etc, there's always a new angle you maybe haven't thought of. I could apply common sense and research to my problematic knee, but I'd really be better going to a doctor. The issue with these courses (and I've never been on one) is asserting whether they are qualified doctors or quacks.
The smartest angle of all is to know someone who pays their £10k, does the course and glean the knowledge from them for free. Let them take the risk.
akirk said:
You just need to remember that in any industry where someone is selling the magic dream on how to make a fortune in xyz, they are not doing that, they are making their fortune by telling you how they would do it, if it wasn't easier to take money off theatres full of gullible wannabe millionaires
This is the bit that always amuses me and I wonder why those paying to go to a seminar don't have the same thought process.They say "I could make £100k a month doing property flipping BUT instead I'm making 10k max teaching you lot"........
Jasandjules said:
This is the bit that always amuses me and I wonder why those paying to go to a seminar don't have the same thought process.
They say "I could make £100k a month doing property flipping BUT instead I'm making 10k max teaching you lot"........
It amuses me that people can't see different income streams.They say "I could make £100k a month doing property flipping BUT instead I'm making 10k max teaching you lot"........
If I have a lot of wealth tied up in bricks and encountered cash flow issues, a sideline of nice cash money from seminars, books or whatever would be most welcome.
I'm not saying they're all legit, but for me it's a strange way to look at it. I'd be doing all the checks I could before parting with money though.
Gassing Station | Business | Top of Page | What's New | My Stuff