Positive Real Estate - Mentoring Program
- Thread starter winston
- Start date
i am genuine
I just wanted to say my post is genuine. And would really appreciate answered to my question. Although i have read post in somersoft before never really felt the need to post, however this time really wanted to know the opinions of others. Never needed to register before as you can read the forum without registering.
I just wanted to say my post is genuine. And would really appreciate answered to my question. Although i have read post in somersoft before never really felt the need to post, however this time really wanted to know the opinions of others. Never needed to register before as you can read the forum without registering.
yest that is why I have decided myself to join this forum as my first step for success and getting to know how to buy IP in the first place.
Sorry to dig up an old thread, but you see who's behind a website ie, the owner by going to whois.net.au or in Aus: http://whois.ausregistry.net.au
Positive Real Estate & Jason Whitton
For anyone considering dealing with Positive Real Estate or Jason Whitton, I would suggest doing some serious research. I would love to say more but I have been criticized and suspended in the past on this forum for warning people about the rogue spruikers, so I will say no more about that here.
From reading these forums it has become clear to me that there is a perception (especially amongst newbies) that they need a mentor or guru to show them what to do. As many have said before. Go and buy a few good books (not the ones written by spruikers) and teach yourself for a fraction of the cost that spruikers are charging for this information which they commonly and falsely claim are secrets! Don't get taken in by all the hype!
For anyone considering dealing with Positive Real Estate or Jason Whitton, I would suggest doing some serious research. I would love to say more but I have been criticized and suspended in the past on this forum for warning people about the rogue spruikers, so I will say no more about that here.
From reading these forums it has become clear to me that there is a perception (especially amongst newbies) that they need a mentor or guru to show them what to do. As many have said before. Go and buy a few good books (not the ones written by spruikers) and teach yourself for a fraction of the cost that spruikers are charging for this information which they commonly and falsely claim are secrets! Don't get taken in by all the hype!
I've read quite a few books now, but I'm still not confident to make the next step. The concerns are - there are so many properties out there - how do you know if the one you select is better than one that's showing the same numbers, but in a different town? Yes, you could do research on 100+ towns but you could be doing research until all hours of the night and day... but when do you do all your other staff, kids, cooking, medical appointments, work, birthdays etc... there's just not enough time ... what do you sacrifice? - i think this is way some people just need some help otherwise it's always on the back burner....
I agree with an earlier PP, go to a few of the freebees that are on offer, there are often a number of them to choose from. Most will give just enough of the good stuff away, well enough to coat your hip pocket with wonderful promises. Sure there are some genuine get rich quick people, but they aren't about to tell you the ones that fell in a heap.... oh and there are plenty of them too 
seriously, this place is very informative with a wealth of knowledge of experience..... start reading!
seriously, this place is very informative with a wealth of knowledge of experience..... start reading!
Reading a few books won't do it. Sure it takes time to research but if you need to reasearch 100+ towns you're doing something wrong. It's not about finding the best town in the world, it's about finding ONE that suits your needs. Set your goals and look for a few areas that will bring you closer to that goal.
What is your strategy and how much do you want to spend? That will narriow your search greatly.
...and sometimes it's just the old Nike factor - Just do it.
As scary as that sounds to conservative financial planners - sometimes you just have to bite the bullet - and be able to come out the other side and say "Just did it"
The Y-man
I agree with the above, just do it. First thing you need to do is have a plan...
Do you want to buy and hold only, or do you want to renovate and sell, capital growth or positive cash flow.
After you know your strategy, set yourself some rules....
What is the min yield im looking for, how much am I will to spend, how much discount off the purchase price. Are you aiming at the low end of the market or upper end, who are your target tenants.
Have long term goals, with a series of short term goals and a plan of how you will achieve those long term goals. Review and edit your goals regulary.
After I read a number of books and went to a few teaser seminars, I had enough knowledge to make a start, doesnt matter where you start its where you end up that matters. Buying your first IP can be daunting, but the knowledge you will gain will give you confidence to get into the right mindset.
Back in NZ there are a few companies like postive real estate, stay away they prey on newbies, especially when they are selling property as well as mentoring. All the the info you will need are from the wise heads on this site.
All the best
Do you want to buy and hold only, or do you want to renovate and sell, capital growth or positive cash flow.
After you know your strategy, set yourself some rules....
What is the min yield im looking for, how much am I will to spend, how much discount off the purchase price. Are you aiming at the low end of the market or upper end, who are your target tenants.
Have long term goals, with a series of short term goals and a plan of how you will achieve those long term goals. Review and edit your goals regulary.
After I read a number of books and went to a few teaser seminars, I had enough knowledge to make a start, doesnt matter where you start its where you end up that matters. Buying your first IP can be daunting, but the knowledge you will gain will give you confidence to get into the right mindset.
Back in NZ there are a few companies like postive real estate, stay away they prey on newbies, especially when they are selling property as well as mentoring. All the the info you will need are from the wise heads on this site.
All the best
Thanks for the comments everyone!!
I'm not a newbie, we have bought investment property before, but we're finding it hard to keep up with everything. We're wanting to balance out our negatively geared position with some cash flow positive property that has potential for capital growth -- I assume there's a few people on the forum searching for this. Any pointers ...? Some areas I've been reaearching are Ipswich, Newcaslte, Mackay, Gladstone, Maitland.... Am i looking in the right areas or am I way off?
I'm liking Perth, but too high a price tag and not enough yield. I've been looking at nras also. Does anyone know how the banks view these with regards to valuations down the track? As we would want to use the equity on these to purchase again. Thanks for your help!
I'm not a newbie, we have bought investment property before, but we're finding it hard to keep up with everything. We're wanting to balance out our negatively geared position with some cash flow positive property that has potential for capital growth -- I assume there's a few people on the forum searching for this. Any pointers ...? Some areas I've been reaearching are Ipswich, Newcaslte, Mackay, Gladstone, Maitland.... Am i looking in the right areas or am I way off?
I'm liking Perth, but too high a price tag and not enough yield. I've been looking at nras also. Does anyone know how the banks view these with regards to valuations down the track? As we would want to use the equity on these to purchase again. Thanks for your help!
Geez Billie, are you my hubby writing this post? Because your situation/dilema sounds exactly like mine right this moment. We have 3 IP, neg geared and have also come to a cross road like you. The other posters are right. Some times you just have to do it! My first suggestion to you (because this is what I am now concertrating on) is to look for cash flow properties that will balance your portfolio as far as cash is concerned. Dont worry too much about capital growth (although it would be good). Look at one state at a time and look for high yielding areas (find the info at the back of API mag). Have a look in to these areas and see if the sales prices match your buget. If they do, work out why these areas are high yielding and if the cause for high yields is one that is solid and long term (eg, could be mining, or university), then you are on your way. I agree, the research is long winded, but necessary. A mentor wont research for you. Alternatively, you could consider a buyers agent who would charge you for their time i(and fair enough too), if you are time poor. But dont be afraid to ask lots of questions. Good luck!
keep you $$ and put it towards your Foist IP
Ive been to those "Mentoring" meet and greets, and the information is fairly general, then the inevitable sales pitch starts, they wont tell you how much their program will cost your hip pocket but I would guess around the $10k mark, use your 10k as a deposit for your up and comming IP. If their sales pitch works, you loose your $ and then they move onto the next sap. Im new to this forum too, but if you are seeking a property mentor, I reckon you might just find one on here. There is someone around every corner looking to take your money, and promise financial freedom. Surround yourself with peer's that are making things happen, and ul get on the right track to freedom.
Ive been to those "Mentoring" meet and greets, and the information is fairly general, then the inevitable sales pitch starts, they wont tell you how much their program will cost your hip pocket but I would guess around the $10k mark, use your 10k as a deposit for your up and comming IP. If their sales pitch works, you loose your $ and then they move onto the next sap. Im new to this forum too, but if you are seeking a property mentor, I reckon you might just find one on here. There is someone around every corner looking to take your money, and promise financial freedom. Surround yourself with peer's that are making things happen, and ul get on the right track to freedom.
I am pretty sure there is another thread on this group.
My understanding is that they were charging something like $10,000 this is a number of years ago so I assume more now.
They secure properties for their clients and this is the killer they also receive a commission, double dipping
The clients who pay for the mentoring program get first option at securing a property. One has to ask why on earth would you want to be mentored by this group when clearly there is a conflict of interest.
My understanding is that they were charging something like $10,000 this is a number of years ago so I assume more now.
They secure properties for their clients and this is the killer they also receive a commission, double dipping
The clients who pay for the mentoring program get first option at securing a property. One has to ask why on earth would you want to be mentored by this group when clearly there is a conflict of interest.
I am pretty sure there is another thread on this group.
My understanding is that they were charging something like $10,000 this is a number of years ago so I assume more now.
They secure properties for their clients and this is the killer they also receive a commission, double dipping
The clients who pay for the mentoring program get first option at securing a property. One has to ask why on earth would you want to be mentored by this group when clearly there is a conflict of interest.
Well said!