No-one ever admits to doing the Henry Kaye course.
I admit it; I did it. Cost $12k.
I went to Sydney for the 4 day seminar, the seminars started at 9.00am each day and were supposed to end at 7.00pm most nights. On two of the nights Henry went until after 11.00pm.
He was charismatic, entertaining, very knowledgeable and very personable.
There were people from all walks of life; w*nkers in power suits with overcoats and briefcases, right down to a 20 year old girl sitting near me who was covered in tatts and looked like a biker-chic.
It was a fantastic experience and I learnt an enormous amount about due diligence, strategies, finance etc. It was a very comprehensive course and I never wanted it to end.
There were other speakers as well, and some were uninteresting, but most were good.
We even had a 'fear confrontation' session where everyone had to put an arrow against their throat while someone held it, and then walk forward until it broke. Very scary, but it was amazing to see 3,000 people all (well; not all) crying with fear, but doing it anyway, then all the wolf whistles and air-punching, back-slapping and cheering.
It was all very over the top, but fun, and designed to get you past the fear of buying property.
In my opinion it was worth the money, as I have used the info to earn far more than that since.
We also were given thousands of pages of investing materials and info as part of the course.
Everyone was given the option of walking out during the last seesion of day 2 and get their money back, but very few people did; my guess was less than 5%.
Of course; there were several other things that they tried to sell to you during the course; a Boot Camp, offers of JV's in papartment complexes they were invloved in, ongoing consulting at a cost, furniture packs for the I.P's, dnd's and cd packs etc.
There was no pressure to do any of it, and all throughout the course Henry was repeating the importance of due diligence and research, act of fact; not opinion etc.
I guess the whole thing went wrong when people got involved in the apartment projects on offer, which to me seemed no different to any other over-priced off-the-plan developments you can get sucked into any day of the week all over Australia even now. Two-tier marketing is still alive and well even now. I did also hear that some people were having trouble getting refunds when they left the course early.
It is not a crime to over-charge for a property, and Henry did tell us to do our research. Obviosly a lot of people didn't, and went in blindly.
I never bought any of the products offered, instead opting to buy established property and used the tools he provided.
