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G’day Thomas
All I can say is save your money. I attended their 5 day workshop last year and have to say it was the most wasted $13k I have ever spent.
The focus of the program is essentially 2 fold. ( I might provide a more detailed outline of my experience later on the forum), but essentially they preach – 1/ Flips & 2/Mezzanine Finance.
I saw many examples of multiple properties being bought off the plan (Mainly Sydney and Melbourne Aprtments in the late 90’s) then, on-selling them 12 months later (on settlement) based on their increased valuation. There was a real focus on controlling the valuation process and convincing valuers and banks to lend or value against these new inflated prices. In today’s market, the strategies simply do not work.
Mezz finance is about you becoming a 2nd mortagee to developers. e.g if a developer can only get 80% finance for a project, you may offer the additional 20% at a premium interest as high as 20%+. They even showed examples of how you could get returns of 100% plus using this method. This part of the course took up 3 whole days and was supported by various valuers, quantity surveyors etc, some of which I believe had direct links back to NII
I would be happy to provide you with more insight, but all I can say is, that there are much cheaper ways of getting an education in property investment.
Good luck!
Hello fellow Adeladians. I am basically looking for a ‘time partner’. Whilst I have one very good investment in Greenwith, I am having trouble dedicating the time to comprehensive research for future aquisitions. I have plenty of equity/cash, but would really benefit from having a partner who could help source deals. I’m sure there are plenty of win-win’s available for the right team.
Summo – i’ll send you my email to add to your list. I would love to meet with some like minded individuals
Happy Investing!
