From: Funky Whuff
Just reading up where you are up to - and that was me about two or three weeks ago. See, I actually signed up to do the investment mastery four day event, but scrolled through and read all in the archives re:Henry Kaye, and this is what I came up with...
1. Henry Kaye has some amazing strategies, which I believe implemented with the correct attitude and desire, will succeed, however...
2. With the right attitude and desire, you can learn anything you want, without spending 15k, by reading investment books, using this forum, surfing the Net (amazing amounts of info), going to introductory seminars (but not necessarily the full courses)
3. I agree you need some professional experience and training, however, no amount of learning and knowing this sort of information (i actually went to the first day of the property genius) will actually make you more likely to put it into action - you really do learn by doing...
4. Without doing the course I have an extra 550 odd dollars a month over the next two years to invest/put into property/cover if my (un)educated efforts at property happen to lose me money (am confident they won't cause have done the research)
5. Henry Kaye's theory is actually based around negative gearing Stuart - the basis is that if you fix your expenses (interest rates over the long term) then with market growth and maximising your rental return through adding value, you will end up with a positively geared property, and sometimes in the early stages based on the taxation benefits can end up with a positive cash-flow (ie. tax rebate + rent exceeds expenses).
6. I read the brochure of the seven-day Boot Camp Mr.Kaye promotes following the four-day investment mastery, and to my surprise, it claims to cover concepts that are supposed to be covered in the four day course. I am of the opinion that if I need to fork out another 25-30k to do another seven days after i've paid 10-15k for the same information in the four day course - obviously i don't get that information in the four day course... or enough information...
I was not sleeping well at the thought of committing that much money over two years, being only 22 and having just bought my first property (owner-occupied) - and I was going to have to fly to Sydney and cover accomm and airfares (am from Melbourne) after a suitable venue could not be found in Melbourne so the whole course had to be moved to Sydney.
I believe that if you choose to do the course, you will discover many benefits, however beware of the further marketing you may face during the course, and wonder if you could achieve the same (if not better) results yourself... i liked a comment by someone while i was searching through the archives... sure if you make 100k on your first deal with the course at 15k that is a great return, but how do you think you'd feel making the same deal without spending the 15k.... what is your return on your investment then???
And really, that is what we're all here for - ROI!!
Anyway, hope this helps, however, just as long as you are comfortable with what you decide and you have the correct attitude and wealth psychology, you can't go wrong!!