Thanks to all for the reply and suggestion.
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Property investment mentor program ?
- Thread starter JohnHenry
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Thanks to all for the reply and suggestion.
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CWB client since 2000 - How '7 steps to wealth' changed our lives!
CWB changed our lives! Novice investors since 2000 after reading '7 Steps to Wealth'. There are many diffrenet ways to invest into property and perhaps CWB is not the way for everyone....it was for us though!
These are our facts:
- Bought 9 properties through JLF and 4 privately since year 2000
- Learned heaps about property from seminars and ever changing demographics, all invaluable
- Stuck to John's proven system and made over $1.5m in equity just through JLF properties
- Never pressured to buy, even passed on few
- CWB disclosed all commissions and fees, refunded $4K on difference in one valuation, paid 75% rent after the building period was not met on one property
- CWB never said it was a get rich quick investment rather never to sell and keep investing while in the accumulation phase (much like your managers of superfunds telling you to keep super investments for long term, yeah right!)
So, for all the skeptics out there, if you have the knowledge and your own startegy for property investing that's great but for novice family like ours we needed to start somewhere.
Yes, times have changed and all the advice cannot be the same, so education is vital in any investment and even John doesn't have a crystal ball.
John is the most honest man with great integrity. Of course he's biased, that's his business, all specialists are biased in their professions too. He's also there to make money, like all other people in their businesses or professions are. Never, ever, has he lied to us or been dishonest, and with a client base of 3000+ members no business would survive. Some of you may be burned because you expect quick growths like in the past, but times have changed. What are your goals?
I know many of you have different startegies (positive porperties, well located areas, renovate for profit or to add value, you make money on the purchase, buy regional mining towns now during resources boom, etc...).
However, spare a thought for a novice, somebody who hasn't all the know how and would like to enter the market somehow. That was us and we'll be forever grateful to CWB and John F as we have been set for life.
His motto for success is: ‘Success is being positive, taking responsibility and being proactive.’ So in times of ADVERSITY do not blame him, or his company, or his charity, or for what he stands for, rather face your challenges, be positive and take responsibility (educate yourself, change strategies you do not like) and be-proactive (don't just complain but do something positive in your life - stop blaming others for your lack of knowledge or your mistakes or the things that don't meet your expectations).
CWB changed our lives! Novice investors since 2000 after reading '7 Steps to Wealth'. There are many diffrenet ways to invest into property and perhaps CWB is not the way for everyone....it was for us though!
These are our facts:
- Bought 9 properties through JLF and 4 privately since year 2000
- Learned heaps about property from seminars and ever changing demographics, all invaluable
- Stuck to John's proven system and made over $1.5m in equity just through JLF properties
- Never pressured to buy, even passed on few
- CWB disclosed all commissions and fees, refunded $4K on difference in one valuation, paid 75% rent after the building period was not met on one property
- CWB never said it was a get rich quick investment rather never to sell and keep investing while in the accumulation phase (much like your managers of superfunds telling you to keep super investments for long term, yeah right!)
So, for all the skeptics out there, if you have the knowledge and your own startegy for property investing that's great but for novice family like ours we needed to start somewhere.
Yes, times have changed and all the advice cannot be the same, so education is vital in any investment and even John doesn't have a crystal ball.
John is the most honest man with great integrity. Of course he's biased, that's his business, all specialists are biased in their professions too. He's also there to make money, like all other people in their businesses or professions are. Never, ever, has he lied to us or been dishonest, and with a client base of 3000+ members no business would survive. Some of you may be burned because you expect quick growths like in the past, but times have changed. What are your goals?
I know many of you have different startegies (positive porperties, well located areas, renovate for profit or to add value, you make money on the purchase, buy regional mining towns now during resources boom, etc...).
However, spare a thought for a novice, somebody who hasn't all the know how and would like to enter the market somehow. That was us and we'll be forever grateful to CWB and John F as we have been set for life.
His motto for success is: ‘Success is being positive, taking responsibility and being proactive.’ So in times of ADVERSITY do not blame him, or his company, or his charity, or for what he stands for, rather face your challenges, be positive and take responsibility (educate yourself, change strategies you do not like) and be-proactive (don't just complain but do something positive in your life - stop blaming others for your lack of knowledge or your mistakes or the things that don't meet your expectations).
The op wasn't blaming John for their lack of knowledge. Just pointed out the 'investments' they were being sold were duds. They also shed some light on the processes that the Custodian Wealth Builders went through to line their own pockets.
Perhaps you were just lucky that you invested during boom times (you freely stated that you lacked investment knowledge as well, which is why you went to CWB in the first place!) - and this may have masked the shady practices of the Custodian Wealth Builders. In fact, you freely admitted that your valuations didn't stack up either!
Regards Jason.
Maybe I am naive, but how were the investments duds if my equity grew in that time? Yes, the times were different but weren't they so for everyone else. My solicitor just told me how one family lost about $9k in 10 years time in NSW. Another family friend has had no growth in their property in the last 10 years and they didn't invest through CWB.
I have invested in the last 10 years too and yet built substantial equity. I do not think anyone can give a guarantee on any suburb and property anywhere at this moment with this particular style of investing. I am also not advocating that it may suit everyone. All I am pointing out is that not everyone has the knowledge and at least with CWB you can become more informed and educated and make your own decisions. No one is forced to do anything, so how is this shady? You do not have to buy, so how is this shady? You are not mislead by the processes, maybe misinformed, so how is this shady? You are disclosed all the fees/commissions, so how is this shady? The company is in the business of property investing/developing, so how is this shady?......
Also, if you are a developer, property investor, wouldn't you line your pockets, if that's the profession you are in. Like property buyers, they receive a commission, and agents receive one, and just about anyone in investment property business does. I just think that perhaps John success may make some people uneasy. He never denied or hid the way he operated, so again I am missing the point on this 'shady' processes.
And as to valuations that's a whole new subject on its own. Most valuators are hired by the banks to quote on fire sale (30 days or so) so of course they are all subjective. All valuations are constantly changing based on the previous sales (and yes they can be manipulated by new estates or other factors). Like anything in life is manipulated like gold/silver or currencies or consumerism...).
I do not think I was the only 'one' the 'lucky one' investing in the last 10 years (thanks to more free credit - lots of it, deregulations by the governments/banks/wall street and all that education - a new booming industry was born).
So as you put it, I invested in 'duds investments', 'lined other people's pockets', 'was the only lucky one in boom times', 'lacked investment knowledge', and 'have been mislead by untrue valuations'.
Well I really do not know how to answer that. All I wanted is to let you know my personal experience and in my own opinion I do not think I did so bad. The two books 'Rich Dad Poor Dad' by Robert Kiyosaki and John Fitzgerald's '7 Steps to Wealth' changed my life for the better and provided me with choices in my life. So how can I say anything bad about that.....
I have invested in the last 10 years too and yet built substantial equity. I do not think anyone can give a guarantee on any suburb and property anywhere at this moment with this particular style of investing. I am also not advocating that it may suit everyone. All I am pointing out is that not everyone has the knowledge and at least with CWB you can become more informed and educated and make your own decisions. No one is forced to do anything, so how is this shady? You do not have to buy, so how is this shady? You are not mislead by the processes, maybe misinformed, so how is this shady? You are disclosed all the fees/commissions, so how is this shady? The company is in the business of property investing/developing, so how is this shady?......
Also, if you are a developer, property investor, wouldn't you line your pockets, if that's the profession you are in. Like property buyers, they receive a commission, and agents receive one, and just about anyone in investment property business does. I just think that perhaps John success may make some people uneasy. He never denied or hid the way he operated, so again I am missing the point on this 'shady' processes.
And as to valuations that's a whole new subject on its own. Most valuators are hired by the banks to quote on fire sale (30 days or so) so of course they are all subjective. All valuations are constantly changing based on the previous sales (and yes they can be manipulated by new estates or other factors). Like anything in life is manipulated like gold/silver or currencies or consumerism...).
I do not think I was the only 'one' the 'lucky one' investing in the last 10 years (thanks to more free credit - lots of it, deregulations by the governments/banks/wall street and all that education - a new booming industry was born).
So as you put it, I invested in 'duds investments', 'lined other people's pockets', 'was the only lucky one in boom times', 'lacked investment knowledge', and 'have been mislead by untrue valuations'.
Well I really do not know how to answer that. All I wanted is to let you know my personal experience and in my own opinion I do not think I did so bad. The two books 'Rich Dad Poor Dad' by Robert Kiyosaki and John Fitzgerald's '7 Steps to Wealth' changed my life for the better and provided me with choices in my life. So how can I say anything bad about that.....
Education and books can change lives!
Jingo,
You are a funny man. It made great reading....
Just remember I was lucky (earned luck as I like to call it) but not all other people were, as per my accountant's and a family member's information.
I do hope I am not that naive..... but if so at least people can learn that similar people can still build wealth....
For me education, research, starting and persistence was the key!
Jingo,
You are a funny man. It made great reading....
Just remember I was lucky (earned luck as I like to call it) but not all other people were, as per my accountant's and a family member's information.
I do hope I am not that naive..... but if so at least people can learn that similar people can still build wealth....
For me education, research, starting and persistence was the key!
I think a lot of "luck" is also your frame of mind.
The willingness to be frugal and not view it as deprevation...as an example.
Willingness to buy a cheaper property starting out.
It seems too many want their dream house at the very start. When they realise it may be out of their reach,it depresses them.
Each property we buy needs to be CF+. How we market this property will depend on the property. There is money to be made, but generally it will take work.
Nathan is a great example of someone doing it.
The willingness to be frugal and not view it as deprevation...as an example.
Willingness to buy a cheaper property starting out.
It seems too many want their dream house at the very start. When they realise it may be out of their reach,it depresses them.
Each property we buy needs to be CF+. How we market this property will depend on the property. There is money to be made, but generally it will take work.
Nathan is a great example of someone doing it.
Wow that is am intense thread.
Why do so many people choose ignorance?
Buying real estate os so easy. the are major institutions set up for it.
Buy a house that people want to rent. manage it and don't sell it.
People who choose to be confused go to seminars and get caught up n someone web like this John Fitsgerald.
Keep it simple.
Here is a strategy. Buy where the prices will go up in the future.
Don't complicate it.
Another strategy. When the new major road goes in, buy near it. New shopping centre, buy near it. New subdivision, buy land and build a new house. New apartment couple, buy the best apartment...the one everybody wants to live in.
Thats what I have been doing and I have retired twice and it is not all that fun. So I stay in real estate because its the easiest game in town!
Cheers,
Jerry Parker
Why do so many people choose ignorance?
Buying real estate os so easy. the are major institutions set up for it.
Buy a house that people want to rent. manage it and don't sell it.
People who choose to be confused go to seminars and get caught up n someone web like this John Fitsgerald.
Keep it simple.
Here is a strategy. Buy where the prices will go up in the future.
Don't complicate it.
Another strategy. When the new major road goes in, buy near it. New shopping centre, buy near it. New subdivision, buy land and build a new house. New apartment couple, buy the best apartment...the one everybody wants to live in.
Thats what I have been doing and I have retired twice and it is not all that fun. So I stay in real estate because its the easiest game in town!
Cheers,
Jerry Parker
This is an oldie
This group Custodian Wealth Builders I think follow similar model to Investors Club??? where they have developers on their books and they offload stock to clients. Obviously red flag straight up.
Why do people use such groups ?? Fear, want someone to hold their hand, do not know how to interpret information/data etc etc. I am sure there are many more reasons.
The problem is like with everything you need to do the hard yards yourself, and you don't know what you don't know.
Unfortunately, this is what some of these groups rely on, na?ve investors who have little or no experience in property investing.
MTR
This group Custodian Wealth Builders I think follow similar model to Investors Club??? where they have developers on their books and they offload stock to clients. Obviously red flag straight up.
Why do people use such groups ?? Fear, want someone to hold their hand, do not know how to interpret information/data etc etc. I am sure there are many more reasons.
The problem is like with everything you need to do the hard yards yourself, and you don't know what you don't know.
Unfortunately, this is what some of these groups rely on, na?ve investors who have little or no experience in property investing.
MTR
