I just received a free DVD offering a course on property options. The guys name is Mark Rolton who says he is worth over 500 million and is Australia's leading expert in options. You supposedly do his course and then go into a sort of partnership with him and get 15% of net profit, which he says can be millions. Has anybody heard of him or know any more about him? The only info I can find is on websites he is involved in.
Property Options
- Thread starter bundydog
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Never heard of him. Looked him up on Google & saw 21st Century Acadamy which made some alarm bells go off. I'm supposing his course is one of those high priced ones where you spend most of your deposit for your first home.
You will find that most of the experienced investors have not gone to any high priced seminar. If you are interested in learning, then start here on this site. There is a wealth of knowledge & the natives are friendly. You could also read some books, go to some of the investor meetings in your State, so you can meet with some like minded people.
You will find that most of the experienced investors have not gone to any high priced seminar. If you are interested in learning, then start here on this site. There is a wealth of knowledge & the natives are friendly. You could also read some books, go to some of the investor meetings in your State, so you can meet with some like minded people.
Wouldn't 500m put him in BRW top 200????? I don't remember seeing him there.
Australia has 1120 super-rich those with more than $us 30 million
in financial assets,only 6% are younger than 40,maybe i missed
Mr Rolton name of the list,but i agree with Skater if it was that
easy then everybody would be doing the same,its not that easy..
BTW the ranks of Australia's millionaires swelled by 10.3% to
161,ooo last year...Nothing is FREE IN LIFE...
Willair...
yeah, thought as much. Couldn't find much on him apart from websites he is related to. His company Massland doesn't own any property in QLD or NSW according to RPdata, and he only owns one townhouse on Goldcoast. Alarm bells ringing, and yeah, you guessed it, only $4000 to do his 2 day course, which is a drop in the ocean according to him with the potential you can make, with no proof of course.
Think I'll stick to what I already know, cheers
Think I'll stick to what I already know, cheers
I went to an investment seminar yesterday and Mark Rolton was one of the speaker. I got one of his DVD and watched it last night.
It looks like he is making millions with these options deal. The reason he needs other people is to look for more development land to purchase in groth area. Once the students find them and the sellers accept the options to purchase, his company will step in to stich the deal and apply for DA for the big corp. who will go on to build whatever it is. He insists it's not easy but it's possible. You need to spend some time and committment because his company will provide the training and capital for DA. Out of 30 deals maybe only one will stack up but the reward is very good for the students and fantastic for his company. The concept is not in ownership but in control, option to purchase or not within 2 or 3 years. The incentive for the sellers is usually they pay 5-10% higher than the market price.
As you can see it will only suit some category of people that have the drive to make tons of money in a short timeframe. Personally, it won't suit me because of my lifestyle.
YLC
It looks like he is making millions with these options deal. The reason he needs other people is to look for more development land to purchase in groth area. Once the students find them and the sellers accept the options to purchase, his company will step in to stich the deal and apply for DA for the big corp. who will go on to build whatever it is. He insists it's not easy but it's possible. You need to spend some time and committment because his company will provide the training and capital for DA. Out of 30 deals maybe only one will stack up but the reward is very good for the students and fantastic for his company. The concept is not in ownership but in control, option to purchase or not within 2 or 3 years. The incentive for the sellers is usually they pay 5-10% higher than the market price.
As you can see it will only suit some category of people that have the drive to make tons of money in a short timeframe. Personally, it won't suit me because of my lifestyle.
YLC
Buyers beware!
Since the property market is heating up in at least 2 major states, I am bemused to find more and more "experts" and "helpful people" coming out of the woodworks and promoting their self interests.
I guess $4,000 is lot better than $16,000 being advertised recently on another property options course, still it is lot of money.
Why not find a site yourself, do due diligence, approach the relative council, get information, educate yourself on the DA process, and then do the DA yourself.
If you are time poor, engage a specialist buyer's agent to find the suitable site for you.
Either way, using one company to do everything for you ,will have hidden costs, commissions and expenses.
And if this is not enough, you can "always get more information from these experts", for a nice and larger fee, of course.
Beware.
Since the property market is heating up in at least 2 major states, I am bemused to find more and more "experts" and "helpful people" coming out of the woodworks and promoting their self interests.
I guess $4,000 is lot better than $16,000 being advertised recently on another property options course, still it is lot of money.
Why not find a site yourself, do due diligence, approach the relative council, get information, educate yourself on the DA process, and then do the DA yourself.
If you are time poor, engage a specialist buyer's agent to find the suitable site for you.
Either way, using one company to do everything for you ,will have hidden costs, commissions and expenses.
And if this is not enough, you can "always get more information from these experts", for a nice and larger fee, of course.
Beware.
I don't agree with this statement. There is nothing like expert advice!!!
There are many people on this forum that like to "give an opinion" on things that they do not know anything about! I have seen many posts where someone has asked a question which is simple and black and white because there is some legislative way to do it right. Instead of pointing to the legislation which will answer the question I have seen posts where people have attempted to answer it with "well I would think that you could.... and say something that is against the law" It's almost like the blind leading the blind! This is a forum to interact with others but I would not be taking anyone's advice unless I knew they were an expert in the area!
Also, some of the big investors I know and ones that have retired on property assets (including us) have spent well over $50,000 on expert advice, seminars and other educational tools. Knowledge does not come cheap and free advise from people who have no idea can sometimes be the most expensive!
I cannot comment specifically on the property options guy but would suggest only doing the course if you are interested in doing JV's with people selling off properties using options. Yes it does work well, I have done many of them but none as JVs with others! (We sell properties using options to purchase as a service in our business)
Ask the question Why do you want to do it????? Does it fit in with your investment plans? If so then it will be worth the money no matter who offers it! I would never do a seminar just for the sake of it! If you don't think this is the path you want to go down then it will be nothing but a waste of money!
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Fair enough.
The reason I asked the original question was that I have seen many courses that I might like to do to expand my knowledge. If I was to do all of them I would have no money left. I know there are some shonky courses out there that prey on your emotions and I need to find out more about the people offering the courses before I think any more about doing them. I have nothing against doing any course if it will expand my knowledge greatly. I just have to differentiate the good ones from the not so good ones. I'm not about to drop thousands of dollars on a course just because the guy who is running it says its worth it. I suppose I look at it like a business deal. I need to know it's a good deal before I purchase, like any property.
I agree with knowledge is the key, it's just where to get it from
Cheers all
The reason I asked the original question was that I have seen many courses that I might like to do to expand my knowledge. If I was to do all of them I would have no money left. I know there are some shonky courses out there that prey on your emotions and I need to find out more about the people offering the courses before I think any more about doing them. I have nothing against doing any course if it will expand my knowledge greatly. I just have to differentiate the good ones from the not so good ones. I'm not about to drop thousands of dollars on a course just because the guy who is running it says its worth it. I suppose I look at it like a business deal. I need to know it's a good deal before I purchase, like any property.
I agree with knowledge is the key, it's just where to get it from
Cheers all
I went to Peter Spann seminars in 2000. I learnt heaps.
I agree with Xenia that there is a place for these seminars.
If you are already on this forum, you quite possibly already have enough motivation to learn things for yourself.
The only reason that I found this forum myself was doing a web search (pre Google- that's how long back) on "Peter Spann". Pre boom, and back when it was not really that busy
Perhaps this post is
Perhaps it is??? Do your research before jumping to conclusion.
YLC
Geoff & Xenia, for what it's worth, I said "most", not "all" the experienced forum members hadn't attended high priced seminars. I agree there can be a place for seminars, and that some people learn best in this method, but am very wary about some of the so called "gurus" who seem to pray on the inexperienced.
Peter Spann has "rungs on the board" & as such holds a lot more respect than many others, but even going to a Peter Spann seminar does not guarantee success. You have to be of the right mindset & it needs to be the right time for you. You also have to take action. Something you both have done. While I don't know either of you that well, I am also betting that the seminar you went to wasn't your first exposure to property investing, nor did Peter promote his seminars in the same manner as this one.
I still suggest gaining a little knowledge first & the best place to do that is right here & reading some books.
Peter Spann has "rungs on the board" & as such holds a lot more respect than many others, but even going to a Peter Spann seminar does not guarantee success. You have to be of the right mindset & it needs to be the right time for you. You also have to take action. Something you both have done. While I don't know either of you that well, I am also betting that the seminar you went to wasn't your first exposure to property investing, nor did Peter promote his seminars in the same manner as this one.
I still suggest gaining a little knowledge first & the best place to do that is right here & reading some books.
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