Hi All
Who would be interested in this type of mentoring.
a group of mentors for different types of investing +cf, -cf, commercial, resi, or developing.
The person decides which group they want to get involved in and the mentor for that group, group purchases all together a single or group purchase and sets up the structure for that group.
and the mentor organises costs.
outside the square but posted for interest.
add if you wishhere to help
all these readers and no takers
here to help
Originally posted by grossrealisation:group purchases all together a single or group purchase and sets up the structure for that group.
and the mentor organises costs.Are you suggesting that the group is going to buy a property together? If not, and it’s just straight mentoring, I’d be interested. My interest would be directly proportional to the kind of experience/success the mentor has had.
Munjy
Hi grossrealisation,
I really like the idea!There’s no learning like hands on ‘REAL’ learning…I love all the posts
on PI.com about win/win situations and am trying to get a chapter of PI.com people living in Tokyo together so we can maybe help out with each others ips and pool info and resources.
Thanks for the idea and if you’re going to start it,count me in..I’d do it even from outside OZ!!Rumin
yep, like it better than generic mentoring!
The key to success is staying focused on a niche area and if you could use a mentor to help specialise even more, why not!!!!
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582hi all
I posted to get feed back.munjy you may want to take a back seat while the others drove the vehicle and see how it goes.
nobody mentored me but this seems like a better mentoring possibility to me.here to help
who’s offering the mentoring?
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582lets find the interest then find the mentors.
i’m for dazzling grouphere to help
Originally posted by grossrealisation:
[br
munjy you may want to take a back seat while the others drove the vehicle and see how it goes.Not sure what you mean
Munjy
Hi grossrealization,
What came to mind to me was a great idea you’ve come up with for another property investing board game. I heard of another board game the other night (similar to Kiyosaki’s board games). I think though that you may have found a niche within a board game. I’m thinking like monopoly except instead of selling ‘x’ amount of houses for a hotel, or ‘get out of the rat race’, you could start with residential (neg geared, then positive), work your way up to commercial, etc??
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
hi all
munjy I posted you may wish to talk a back seat and watch if you didn’t want to get directly involved with the investment unfortunatly you can’t be half pregnant.
As for the board game they are well and good but using your own money is alot better.here to help
Is this mentoring or a syndicate? Or both?
Or are you saying I can learn from the mentor but not be involved with the syndicate if I don’t like it?
Sounds great if that’s the case.Or its either mentoring PLUS investing or nothing? I think that’s what your getting at with the “half pregnant” comment.
Munjy
Hi munjy
maybe a bit of all, the mentor for that group would decide and then you can make your mind up if you wanted to join or not.as for (Or its either mentoring PLUS investing or nothing? I think that’s what your getting at with the “half pregnant” comment). yes the mentor may say its ok to come along for the ride or may say no all the people in his group he/she would like to be investors his/her call.
I am interested as most of the groups currently don’t have this available and wish to sell you books, packages and the last one was a broker house that was organising all the loans for the club and the advice was to go out find a house come back to them and they would get the loan in the persons name and know they are an investor ( not the best advice in the world).
There are alot of mentors out there that don’t know they are mentors purely because they are good at what they do and don’t need to sell books or packages but maybe interested in passing on a little advice to up and comming investors.
This tread was see what interest there was out there for this type of mentoring its a hell of a lot cheaper then some mentoring packages out at the moment.
Get a cd by a company called tradersacademy.com.au
they are a share trading house but it gives you very valuable information not just on shares but on training and investing its interactive.
This is not to be seen as advice.here to help
Sounds great. Count me in.
So now all we need are the mentors right?
Munjy
Hi again grossrealisation,
Yes!mee too..count me in for the Dazzling group….Hmmm[lmao]’Dazzling Investments Inc’…bit too razzamatazzy??
Anyway…adding another 2c …
grouping people is an idea..ie each group has a senior(not age but prop count)residential specialist,commercial specialist,reno specialist
etc,etc so each member can get the information to challenge another method in the R/E market to balance our own portfolios..
[biggrin]maybe even a barter type club for advice given???just a thought?hi all
yes we all must come out of our comfort zones and I am currently looking at that and looking at investing out of nsw on a project.
I haven’t asked dazzling but if he puts his hand up for an area that he specializes in why not.here to help
I would be keen on being kept informed if anything comes of this idea,pls.
uhhhh…..
Someone forgot to ask Dazzling if he is interested ??
And so, far he hasn’t respopnded yet…Gross, what area of specialising are you promoting and what are you offering ??
Interested in some of your financing models..
kp
hi kp
not recommending an area yet I’m glad you like my creative accounting a few people are of the same opinion.when I have got this project that I’m currenly working on I will give you the heads up it a little premature at the moment.
As for dazzling I would be interested not only on what area he would specialize in but his opinion.here to help
Hello chaps,
Just saw this thread for the first time and noticed I’d been mentioned in passing.
If you’ll indulge me, a few comments ;
1. Theoretically speaking, I believe the method proposed by GR definitely has merit and is way better than sitting on your bum in a lecture hall passively listening to someone up front. The main reason I say that is that your hard earned is “at risk”, which always wakes you up and keeps you on your toes.
2. Practically speaking, I see the operation not going anywhere as two issues come to the fore.
2a. The first is a lack of trust / awareness / familiarity with people spread across the country, bringing different philosophies to the table, which is great for diversity, but a hinderance for consensus at decision gates. The exact legalities of the ‘arrangement’ would be a tome.
2b. The second issue would be the smaller players wanting…probably rightly…to have a say in things as both their money is at risk and wanting to learn all of the ins and outs….the very reason for the exercise in the first place. How do you include 8 to 10 people spread around the country in a hardball verbal negotiation with a motivated vendor on the phone to cut a deal, similarly with leasing it out to a tenant. Does the senior mentor sit back and let the junior players get crushed in the negotiation just so that they can learn, or do they step in at the crucial moment, deny the junior player the opportunity to learn but get a better economic deal for the group ??
3. Being a ‘mentee’ – if that’s a word – I’m definitely not qualified to play any type of mentor role. [dunce] You need to get someone who is good.
4. I don’t think our group specializes in anything at this stage. We are currently learning about industrial properties and have purchased a few. We’re still undecided if this is what we will specialize in. The bright lights of the CBD office blocks look pretty snazzy….but we know bugger all about them.
5. With me being out of the country most of the time, and the time in the country already allocated to doing family things with the kids and keeping a tab on what we run already….I’d have to give it a pass.
6. If it’s going to work, I’d suggest keeping the group members in the same demographic, so you can practically meet up every now and again. Some techno-phobes don’t agree, but I reckon human face to face interaction is where all the best deals and dealings are to be had.
Good luck with it all if it gets off the ground.
Cheers,
Darryl Moore
“No point having a cake if you can’t eat it.”
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