Just wondering if anyone is going to One day workshop in Melbourne by Results Mentoring this weekend?
http://www.resultsmentoring.com/workshops/
http://www.resultsmentoring.com/workshops/
Free One day workshop in Melbourne by Results Mentoring
- Thread starter Teshy
- Start date
I went to the Sydney one last weekend. It was quite interesting.
Bit of selling but not to bad. The main sell push was after the afternoon break. A few people left at that break.
Yes, I did see your post. Thanks for the heads up
Cool. What day are you going? I'm going on Saturday. PM me if you want to catch up on the day?
I assume they'll be spruiking their mentoring products, but hoping to learn something outside of the standard sales pitch.
No properties. They are promoting their mentoring system.
But it's not a bad day. They give their prediction of where major cities are headed and how to pick suburbs to invest in.
I bailed after a few hours. It was like one great long infomercial in real life. I knew it was going to be a sales pitch but didn't realise it would be that heavy going.
My notes from the session:
Capital city outlooks
Their spiel:
Don't focus on cash flow at all. Look to make money by timing the market. Get in pre boom and sell at the end of the boom (on a suburb by suburb basis). To time the market you use their boom property investing system which "retails for $2000, but today you can get for $1000, and $900 if you sign the order form by the end of lunch" (literally). Their system highlights the current supply/demand state of a suburb (booming, sellers market, neutral, buyers market, stressed) from which you are supposed to monitor and time your entry/exit. Their calculation for the market stage is based on the below supply/demand calculation that they ran us through.
Supply/demand ratio calculation:
Find total number of properties sold in a given suburb in past 12 months (property mags)
Find the number of current listings for a given suburb currently (realestate.com.au)
Formula: Total sold / Number of current listings
The idea is to buy in a neutral market ( 1:1, 2:1 or 1:2), ride out the inevitable boom (where the demand is outstripping supply), then sell when the ratio tapers back closer to 1:1.
I don't believe in shortcuts so I left. Are any of the free seminars ever worth attending?
My notes from the session:
Capital city outlooks
- Brisbane - unit market will underperform housing. 1/3 of property to boom in what I assume was the next 12 months.
- Adelaide to boom - housing to outperform units
- Sydney - cooling off
- Melbourne - 1/3 of property to boom - improving market in 2015
- Perth - will perform poorly in 2015
Their spiel:
Don't focus on cash flow at all. Look to make money by timing the market. Get in pre boom and sell at the end of the boom (on a suburb by suburb basis). To time the market you use their boom property investing system which "retails for $2000, but today you can get for $1000, and $900 if you sign the order form by the end of lunch" (literally). Their system highlights the current supply/demand state of a suburb (booming, sellers market, neutral, buyers market, stressed) from which you are supposed to monitor and time your entry/exit. Their calculation for the market stage is based on the below supply/demand calculation that they ran us through.
Supply/demand ratio calculation:
Find total number of properties sold in a given suburb in past 12 months (property mags)
Find the number of current listings for a given suburb currently (realestate.com.au)
Formula: Total sold / Number of current listings
The idea is to buy in a neutral market ( 1:1, 2:1 or 1:2), ride out the inevitable boom (where the demand is outstripping supply), then sell when the ratio tapers back closer to 1:1.
I don't believe in shortcuts so I left. Are any of the free seminars ever worth attending?
I was there at the Sydney's one and thought they provided some useful if not particularly earth shattering info. I've come across John Linddeman's ratio a few times in the past 3-6 months and have found it to be quite interesting. Does anyone else have any feedback on this ratio and the seminar in general? I would like to discuss further if anyone else has anything to add.
There's actually a recent thread about it somewhere. Search for Lindemann and you should find it.
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