Wow, so much venom from so many people about that man.
I too didn’t like the wig he wore at one stage, nor the cut of his suit, nor the colour of his eyes nor the fact that he carries a bit of weight, nor his type of humor and the only difference of opinion between some of the people here and myself is that in my opinion that isn’t enough to condemn him as a hungry, money grabbing, bastard.
Yack, do yourself a favour and go and see your friendly bank or morgage broker and find out what the interest rate is and any extra costs for say mortgage insurance (if one can get a loan that is) under the following circumstances :
1. no deposit
2. $ 3 K deposit
3. just one single default of say $ 800 on a Telstra billAfter , in the interest of an informed discussion, you have gathered those details then have a look at Elves’ post (the one where she talks about her brother) and thence let us know whether you still think that a higher interest rate for a wrap is still ‘unfair’ and
‘unreasonable’.BTW, I am not a wrapper.
Pisces
Originally posted by Celivia:Would there be something wrong with a guy who wants to be associated with a toilet plunger?[dunny]
I thought this was hysterical – there’s Rick, trying to be his goofy self and talking about toilet plungers, and his advisers are having cardiacs and trying ever so nicely to tell him not to do it!!
Did you hear him say: When they (meaning the hopeful people coming to his seminar) come to my seminar I’ll give him as little information as possible. THat way I can sell more materials (meaning crappack uuuhhm I mean wrappack)?[baaa]
Ummm Celivia, he never said that. In fact he was talking about a property guru seminar in the USA, and he couldn’t work out why it was that the people that gave lots of information in a simple way sold so much less than those who wowed the crowd and told them nothing. It didn’t make sense to him.
And having been to some of Rick’s presentations, the amount of information he shares is overwhelming. He even mentioned in the programme that the biggest challenge for him has been to keep the crowd entertained, but still provide heaps of information – the best of both worlds really.Keep smiling
Felicity
Oh didn’t he say that, Felicity, I thought that after he had been to all these seminars of other gurus, that he made a conclusion out of what he learned and said something like: (Not his excact words of course but from what I remember).
“OK I have learned that the Guru’s I thought had the best strength and information did not sell as many products/did not get as much applause as the Guru’s I thought had little substance.
SO I thought by myself: Here’s what you do, this is which steps you take:
More people want to buy your product if you don’t really tell them much”.May be I’m wrong and misunderstood, that’s possible, but I really thought he meant that he wanted to apply these steps to his own seminars.
But it can be my misinterpretation, of course.I can’t imagine however RO finding out this truth, that giving out less info means selling more products, and then do the opposite: Give as much info as he can even if it means selling less products. AND getting less applause.
He certainly got a lot of applause, so would he not fall in the category of the ‘little substance gurus?”But may be I’m wrong, after all you have been to his seminar and found the information fantastic while I wouldn’t even give the guy a second look.
I am not completely against wrapping itself though. It can help certain people in certain circumstances.
WHat I am not liking is the way he is so unfeeling about buying a property off people who are in a mess. Like the lady who was in a hurry to sell, he bought the house off her for $145K and then sold it on to a wrapper for $235K.That’s a big difference, and I feel he takes advantage of people on the one hand, and gets praise on the other hand for helping people who can’t get finance from banks.
Is he REALLY only helping himself?
Is there no edit button anymore, can’t find it.
I meant to say wrappee not wrapper.Having been to two presentations and his seminar and owning the wrap pack.
I have found Rick and his business to be very genuine and very informative. The seminars are full of information and it was great fun to be there.Bsmith
To (kind of) answer one of the earlier questions in this post, I don’t think its a case of either Steve or Rick ‘copying’ each other’s idea – I’m pretty sure Steve even mentioned Rick’s version at the live seminar last month.Rick however specialises in it.
I watched the show, was a bit surprised – I thought he came off a little shifty – but that’s not to say he is. In any case I’m seeing him in a few weeks time, he’s presenting to an organisation in Sydney – so we’ll wait and see![biggrin]
Quote:Originally posted by Celivia:Oh didn’t he say that, Felicity, I thought that after he had been to all these seminars of other gurus, that he made a conclusion out of what he learned and said something like: (Not his excact words of course but from what I remember).
“OK I have learned that the Guru’s I thought had the best strength and information did not sell as many products/did not get as much applause as the Guru’s I thought had little substance.
SO I thought by myself: Here’s what you do, this is which steps you take:
More people want to buy your product if you don’t really tell them much”.May be I’m wrong and misunderstood, that’s possible, but I really thought he meant that he wanted to apply these steps to his own seminars.
But it can be my misinterpretation, of course.I can go back and check the tape for the exact words, but yes, that’s the conclusion Rick drew – which then led him to try and work out how to give people as much information as possible (his goal) but at the same time entertain them enough, because that’s what seems to work.
In essence, trying to achieve the best of both worlds.
I think he does a pretty good job of it myself! My brain always reels for hours if not days after I hear Rick talk, before I can finally absorb all the information he imparts.Keep smiling
FelicitySaw the show, was not impressed at all , in any shape or form.
First of all, wrapping alone is not sustainable & it can be risky and hardwork, that is why they are trying to cash up with seminars, his “kits” and product information was ameuterish at best. The properties that he was “upselling” or “wrapping” were in a terrible state & almost inhabitable. Wrapping to an unfortuneate person who can’t get bank finance at the end of the 1 – 2 yr period,then evicting them and re wrapping to another unfortuneate…well, I am sure there is a “word” for that!
He sure did spend a fortune on “reinventing” himself……..to do seminars……..hmmmm… maybe he wasn’t believable in the first place.
One thing though, for the 1/2 hr or so that I wasted watching him confirmed to me that any show boat pony will jump on the “property riches” road to further themself. hopefully any prospective seminar attendees will do DD before they hand over their cash.
His wrap kits started at $1000. 12 months ago and because he had “tremendous” volume, he put the price up to $3,000.00. is this guy a …… or what?Originally posted by mopsyblossom:Saw the show, was not impressed at all , in any shape or form.
First of all, wrapping alone is not sustainable & it can be risky and hardwork, that is why they are trying to cash up with seminars, his “kits” and product information was ameuterish at best. The properties that he was “upselling” or “wrapping” were in a terrible state & almost inhabitable. Wrapping to an unfortuneate person who can’t get bank finance at the end of the 1 – 2 yr period,then evicting them and re wrapping to another unfortuneate…well, I am sure there is a “word” for that!
He sure did spend a fortune on “reinventing” himself……..to do seminars……..hmmmm… maybe he wasn’t believable in the first place.
One thing though, for the 1/2 hr or so that I wasted watching him confirmed to me that any show boat pony will jump on the “property riches” road to further themself. hopefully any prospective seminar attendees will do DD before they hand over their cash.
His wrap kits started at $1000. 12 months ago and because he had “tremendous” volume, he put the price up to $3,000.00. is this guy a …… or what?I have a number of concerns with your post.
Firstly, that “wrapping is not sustainable” so therefore Rick and Steve have had to move on to seminars and books to make money.
Well, I know plenty of wrappers making very good money out of wraps and not a seminar in sight. Seems pretty sustainable to me.
It was unfortunate that the programme focussed on one particular house that was a mess, having heard Rick speak before this is hardly the normal house he sells! Personally I wouldn’t take on something like that, but that’s why he’s making a lot more money than I am.
And your comments about evicting people who can’t refinance after 1 or 2 years and rewrapping the house – where did that come from? It certainly wasn’t in the Reality Bites show, and legally you just can’t do that unless they have defaulted. In a well run wrap business all buyers have a legal contract to buy the house, you can’t just chuck them out because they can’t refinance. Even when they’ve defaulted it’s not always that easy to end the contract.
Personally I found the journey interesting, and thought it quite funny that there were a number of times when Rick himself was obviously quite uncomfortable with the attempts to transform him into a seminar guru. I’m glad that despite all the effort put into that side of things, the real Rick shines through – bad jokes and all.Keep smiling
FelicityHi,
I have know Rick for a while now and worked closely with him. In fact, he personally trained me before he started his seminar business. We would drive out looking at and buying houses, and I would practise on his houses.
Not just for me, but for many other people, Rick has helped many investors get going from no knowledge to pretty advanced.
I remember Nigel (the guy who did all the filming of the show) would pretty much be “living” with the Ottons every day. There was much more footage that never got shown and the two stories that got run were not your average case of student.
I watched the show the though to myself. Gee, these guys went through HEAPS of their time being chewed up by a journo, and if this was the outcome, I think I would have felt pretty ordinary.
While it is true that Rick admits the whole seminar thing is too much like hard work compared to his WBH business, if he really wanted to quit talking on stage and go back to buying houses, he would have by now. He must enjoy doing what he does, as would Steve and others in similar markets.
While Rick and I have very little to do with each other these days, I personally owe much of the great deals that both Kerrie and I have acheived to his “grass roots” training.
Seems like everyone in these forums (not just PI) like to cut people like Rick and Steve down to size all the time. Why is that?
What I don’t see much of us doing is discussing new, inovative ways to make money. It is all very general and pretty much basic stuff. Could it be that most of us (not all of us), still have not learn many of the secrets to more advanced deals?
Is this why there are advanced seminars for people to learn much much more? Hmmm.
Anyway, I have said my 2 bucks worth. If we don’t have better things with our time then to slag out on seminar “gurus”, then its about time we wake up and make a difference for what is important in life.
I have a habit of offending people with honesty. Hope to see some great posts about people who have some really new and advanced investing techniques so we all get something out of these forums. This way we don’t waste our time in front of the computer. We take the info and go make some money.
Sincerely,
Dallas & Kerrie Kelso
W: http://www.WeBuyHomes.com.au
E: [email protected]Dallas,
I don’t think that ‘everyone’ is correct – but keep up the honesty!
Cheers,
Aceyducey
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