Positive Real Estate Education Coaching

Discussion in 'Property Investment - Other' started by jamontoast, 7th Aug, 2008.

  1. jamontoast

    jamontoast Member

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    Just wondering if anyone on the forum has had experience with this company and its education programme.

    Is it of any value for the price?
     
  2. peastman

    peastman Member

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    I have been to a couple of their info evenings and found them very interesting. They apparently want people to pay them to be on there preferred list. This they say will give you priority access to the best deals. From what I have seen they are mainly older properties way out in the sticks with high rental returns but as they say "below market valuation". I would be concerned about the CG potential, but I have not really investigated any.
    Personally I prefer to do my own homework and there is more information on somersoft than any mentor could give. And its free. :D
     
  3. jamontoast

    jamontoast Member

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    Unfortunately Phil, i do not have your experience. Which i'm sure everybody started out the same.

    The price is a bit steep 9k though. Similar price you pay for a buyer's agent. And there you learn little.

    Everything in property investing is on google or in this forum... it's just a matter of time and going through all of them... then jump.
    >_<
     
  4. Ausprop

    Ausprop Member

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    so... why are the vendors being so generous?
     
  5. LynnH

    LynnH Member

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    jimmijamz

    That one sentence says it all!!! That's nine thousand dollars less that you will have working for you!!! :eek: Think of how long you had to work to earn this amount after tax.

    You will learn much more from browsing the forum and reading as much as you can get your hands on. Try the following link for some suggested reading:

    http://www.somersoft.com/forums/showthread.php?t=9652

    Cheers
    LynnH
     
  6. jamontoast

    jamontoast Member

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    Would i be naive to reply... speed of learning? avoiding mistakes if possible, having guidance (at a steep price)... but then again... lots of people also use buyer's agents at a similar price (which they learn little?) buying one property and using the agents again to buy the 2nd.
     
  7. LynnH

    LynnH Member

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    jj

    Have you worked out a strategy for buying IPs yet? Do you want CF+ (if you can find it)? Or are you going to utilize negative gearing? Do you want to invest in near city or country IPs? Are you looking at buying close to where you live or interstate?

    And do you really know that what they are trying to sell (i.e. older properties out in the sticks, according to what Peastman has ascertained) is going to fit into your overall plan?

    No harm in using a buyers' agent - I know of a number of people who do this for interstate purchases - but I think you should do your DD first. IMHO, $9K is a lot of money to pay to have someone 'teach' you something which may not suit your investing style/strategy.

    Cheers
    LynnH
     
  8. Rolf Latham

    Rolf Latham Member

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    Hiya

    Use a good buyers agent !

    I feel education is worthwhile, but you will possibly get more immediate value from spending that sort of money on a good BA


    ta
    rolf
     
  9. JamesGG

    JamesGG Member

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  10. BayView

    BayView Member

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    It's $9k paid for the convenience of not having to any work yourself.

    And you don't know whether the property you buy is really below market unless you do some research to find out.

    So....you may as well do the research anyway and save $9k.

    If your hourly rate at work is so enormous that it's cheaper for you to pay them than to spend time doing it yourself, then go ahead.
     
    Last edited: 9th Aug, 2008
  11. vbplease

    vbplease Still on my L plates

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    Hi Guys,

    I went to their free seminar in Brisbane last night and was very impressed. Most of it I had heard already, but it was good to hear it again for some motivation..

    For example, I'd heard about cross collatorising (securitisation) but wasn't sure what it was - they easily explained it in 2mins.

    Buying property interstate reduces your land tax bill and diversifies your portfolio - handy for a few reasons.

    Also the importance of knowing when you've accumulated enough IP's - it could more usefull selling down properties (keeping CG tax in mind), reducing your LVR, thus increasing your rental income.. you may be able to retire earlier than you think?

    I can recommend other newbies to go along and learn some of the basics as there is no hard sales pitch at all. He also gives his forecast on the market.. a lot of good where, how and why's.

    Cheers
     
    Last edited: 27th Aug, 2008
  12. bhasel

    bhasel Member

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    wa
    4 years late

    Hi, i receive regular e-mails from them, the last one was about property in Newcastle which they claim a 47% growth happened there the last year..."ABSOLUTE RUBBISH....", i m an investor myself and i bought 2 properties in Newcastle in 08/09 for about $300000 and 4 years later they are worth about $325000.
    When i questioned them i never got a response.... DONT TRUST THEM