Positive Property Investments mentoring?

[exclipy]

I saw this on Living Social:
https://www.livingsocial.com/deals/857478-extensive-property-portfolio-coaching-program

$100 for a mentoring program that claims to normally cost $9000. But the internet has no reference to them (Google search "link:http://positivepropertyinvestments.com.au/" and "Positive Property Investments" returns nothing). The only trail they have is a Facebook page that they've been updating since mid-2012.

Are they going to steal all my savings if I give them my $100?

 

[D.T.]

I saw this on Living Social:
https://www.livingsocial.com/deals/857478-extensive-property-portfolio-coaching-program

$100 for a mentoring program that claims to normally cost $9000. But the internet has no reference to them (Google search "link:http://positivepropertyinvestments.com.au/" and "Positive Property Investments" returns nothing). The only trail they have is a Facebook page that they've been updating since mid-2012.

Are they going to steal all my savings if I give them my $100?

If no one else is referring to them, probably means no one else is using them. Which begs the question, why would you?

What do you actually want to know/learn?

 

[Spades]

Are they going to steal all my savings if I give them my $100?

Nah just a 100$.

If it's too good to be true,then it probably is.

Best save your money exclipy and peruse the SS threads and ask questions.

Cheers Spades.

 

[exclipy]

If no one else is referring to them, probably means no one else is using them. Which begs the question, why would you?

For the purposes of argument, other people not using them isn't really a strong argument against their service. Maybe they're new, maybe they're just a small company that previously didn't have the capacity or the need for many clients and are now reaching out to a larger audience. Conversely to the lack of positive reviews, I also don't see any negative feedback about them.

I'm interested in mentoring and buyers' agents because I don't think have my own passion or will to go into property investment alone. The questions I have are questions that wouldn't really be welcome on Somersoft - like "what suburb should I invest in?" and "please give me a shortlist of 3 properties that would be a good investment for me, and please provide a due-diligence report and a comparative market analysis for them to demonstrate that they are underpriced and will grow by X% in 10 years while providing income of $X per week".

 

[Colin Rice]

Go on ebay and you will pick up 10-20 IP books for your hundred smackaroos.

Search for a recomended reading list on here. That would be a better start imo.

 

[Rolf Latham]

please provide a due-diligence report and a comparative market analysis for them to demonstrate that they are underpriced and will grow by X% in 10 years while providing income of $X per week".

The underpriced bit is hard to find in Sydney at the moment - as is Brisbane inner.

The real benefit of a BA in the current warm markets appears to be to get in when you cant, ie get a property off the market before the weekend's hordes..........and thus there is a good assumption that there will be some shaving of what the herd will offer.

ta
rolf

 

[TMNT]

The underpriced bit is hard to find in Sydney at the moment - as is Brisbane inner.

The real benefit of a BA in the current warm markets appears to be to get in when you cant, ie get a property off the market before the weekend's hordes..........and thus there is a good assumption that there will be some shaving of what the herd will offer.

ta
rolf

In hot markets do agents even bother doing off market transfers when they kbow that if they take it auction or private sale some emotional oo will overpay for it?

 

[geoffw]

I saw this on Living Social:
https://www.livingsocial.com/deals/857478-extensive-property-portfolio-coaching-program

$100 for a mentoring program that claims to normally cost $9000. But the internet has no reference to them (Google search "link:http://positivepropertyinvestments.com.au/" and "Positive Property Investments" returns nothing). The only trail they have is a Facebook page that they've been updating since mid-2012.

Are they going to steal all my savings if I give them my $100?

The deal was mentioned in a previous thread.

Not really a lot of consequence in that thread either. It's a bit difficult to say much about something about which not much is known.

 

[JennD]

Can't say I've ever come across them, but...

Hmm so a lookup says it's registered to a James Denham, email: [email protected]

For what it's worth, here he is on LinkedIn: http://au.linkedin.com/pub/dir/James/Denham

He likes a lot of the things on their Facebook page by the looks of it.

Also mentioned in this blog, they have an office in Bondi: http://37propertygroup.com.au/blog/...vestment-companies-in-sydney-reviews-ratings/

And they also own this domain: http://www.ozpropertyforsale.com.au/ (also registered to a James Denham)

Not sure of their model, but tend to be referred to as the "one stop shop" situation finding land, doing the build, etc etc etc. They also sort out finance, property management etc. If you do go with them - just make sure you do your due diligence, ask about commissions etc.

There's this media release from them floating around online: http://www.myprgenie.com/view-publi...hen-use-positive-property-investments-support

Also worth noting that the value is put at around 9k. But it doesn't appear anyone pays that full amount from the looks of it: http://positivepropertyinvestments.com.au/mentoring-program/

On the right of that page, with their property examples, I'm a little confused about what they refer to as fundamentals. It lists $5 billion infrastructure projects as a fundamental for the SA property... ? I wonder if this is what they're talking about: http://www.miningaustralia.com.au/news/sa-iron-ore-pipeline-to-boost-exports - if so, it isn't 100% confirmed as far as I know, and is the property they've put there near Broken Hill, NSW?

Personally, I'd want to know exactly who my mentor might be (some sort of panel, or even names!) before I'd sign up - particularly with a new company. But each to their own.

EDIT: I also d/l their free eBook thing.
"Disclaimer
Positive Property Investments are not accountants, real estate agents, financial advisors or solicitors."

This subhead made me personally a little uncomfortable... "The Risk-Free Formula for Wealth Creation"

 

[Rolf Latham]

In hot markets do agents even bother doing off market transfers when they kbow that if they take it auction or private sale some emotional oo will overpay for it?

umm yes.

I know it sounds odd.......... but thats the experience for private treaty.

Auction is a bit of a different puppy

ta
rolf

 

[Rolf Latham]

This subhead made me personally a little uncomfortable... "The Risk-Free Formula for Wealth Creation"

I didnt know there was such a thing

ta
rolf

 

[Colin Rice]

This subhead made me personally a little uncomfortable... "The Risk-Free Formula for Wealth Creation"

Exaggerating in marketing is akin to lying in my book and this statement definitely fits into that category.

 

[The Fox]

I'd suggest you do your research before getting involved with this company. Directors are Adrian Tessieri, Roger Mullen, James Denham.

Just googling these names shows some interesting history particularly the association of Mullen and Tessieri with Romad Financial Services. (Again, a google search of that company name turns up other matters of concern).

There are so many of these one stop shop property marketing companies all claiming to be offering something unique. The reality in most cases is that they are just selling grossly inflated developer stock pretending that it has been carefully researched to perform. The inflated sales prices hide the exorbitant sales commissions they charge. Worse still they fleece you for lots more cash in the one stop shop process which most never see or discover.

Any wonder most who previously purchased through these companies have come to the conclusion that it will be a very long time before their IP performs as promised at point of sale. In the worst of these cases, (of which I believe there are hundreds if not thousands), Mum and Dad investors have lost their life savings and homes. when this happens the marketing companies are quick to blame everyone else and renege on the many promises made at point of sale. Oh, and if the marketing company has the word 'Club' attached to it somewhere, be even more suspicious of their claims and promises.

 

[Colin Rice]

The inflated sales prices hide the exorbitant sales commissions they charge. Worse still they fleece you for lots more cash in the one stop shop process which most never see or discover.

The classic smoke and mirrors is to cross collaterlise the properties and use the equity in the PPOR to cover the inflated sale price and commisions. Legalised stealing in my book.

Rarely see someone have a win and have seen the majority of people who where set back significantly or in some cases financially crippled and only relaised long after the fact. Dear in the headlights stuff!

 

[CaptKirk]

They are members of PIPA according to their website... although after Ppty Secrets debacle I wonder if that really means much......

they have regular webinars..... but in reality they are pre-recorded videos..

I could not find any names on their website - worrying

This is their mission stmt - take it as you will..

Our Mission to you

We work for individuals who wish to start or increase their property investment portfolio with the aim of their goals in life. We source the land, source the best builders to build your Positive Property Investment, assist in securing your finance, and even find a tenant for your investment. We take pride in doing virtually everything for you so you can simply make the decision to invest and then sit back, relax and reap the rewards. Our system guarantees you a start time, and a completion time. No delays, No variations, No Excuses!

 

[MTR]

.I'm interested in mentoring and buyers' agents because I don't think have my own passion or will to go into property investment alone .

I would guess the $99 fee is just a typical sales tactic to get people in. There will be additional costs/spin offs that they will be promoting, happens all the time, nothing new really. What business would operate or survive mentoring someone at $99, just not logical.

Also, perhaps I am harsh but if you do not have the passion as you stated I think you will be pushing "shut up hill". I personally believe without this it will be very difficult to succeed in the property game, even if someone holds your hand.

MTR