- JAYTParticipant@jaytJoin Date: 2010Post Count: 3
hey there my fellow avid property investors. just wanted to give a few people on here a heads up on the team at positive real estate. just attended there seminar in townsville tonight and i must say i am quite impressed with what they have to offer. seem like a genuine company and cant wait to get started with the team in working torwards semi-retirement in 7 years time (aged 30). hoping the current equity i have plus the mining wage i am currently on will help torwards this goal. a bit ambitious i know.but as kayne west would say "shoot for the stars. if u fall you will land in the clouds". has anyone else dealt with sam saggers and his team before?? would be keen to know your thoughts and opininons. cheersScott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,856
Are they also selling their own or some other developer’s property? ie do they have a vested interest in sales , the management of what they spruik?
Or are they selling the knowledge, systems & support to help you on your way?AilimeParticipant@ailimeJoin Date: 2008Post Count: 28
From memory they do offer mentoring program with ongoing support.Nigel KibelParticipant@nigel-kibelJoin Date: 2005Post Count: 1,425
They do offer a mentoring program but it is important to remember that they are a business and do need to make money. The real questions is if you are paying for a service will you get value from it.MysteryParticipant@mysteryJoin Date: 2006Post Count: 87
Just had a read of their web site …. what they offer sounds very much like a real estate agency in Perth that used to run one hour seminars on negative gearing which started me on my path wayyyyyy back in the mid 1980's. His name was Rory O'Rourke, … many of the more mature Perth investors will know of him and his agency.
As Nigel say's … Positive Real Estate are in the business to make money which is fair enough, but in some form or another you will have to pay for that service, which is also fair enough as long as it's above board. From what I quickly read, you would have just as much information available to you on this forum and similar forums. It just depends on if you are happy to let someone else make the decisions for you or take on the responsibility of creating your own destiny.
It is very easy to get caught up in the high energy promises of great rewards from property professionals …. Experience has taught me that it just doesn't happen quickly or is as easy as is made out by so called experts. Creating wealth in most cases takes hard work and persistence and is dependent on future cyclic trends which not even these people can accurately predict.
Another thing … what is this urgency for young people today to want to retire or give up work at an early age …. JayT, … take it from someone that tried … doing nothing challenging each day gets damn boring very quickly. Start to dream and plan for the day you are in a position to quit your regular job, so that you start the next phase of your life doing what you are passionate about. I now do small developments and renovations … challenging and rewarding and I'm loving it.
So, in summary … you can in some way or another pay these guy's to hold your hand through the process or take on board what is freely available from experienced investors and start your journey. Just make sure whichever route you take … keep your eye's and mind open and always do your own due diligence to ensure what you are told is in fact true.
All the best
MysteryRick staParticipant@rick-staJoin Date: 2011Post Count: 120
Well said mystery
Wish I could have made the seminar, don't get many in Townsville. Unfortunately I'm in Gladstone working for the man.IPNowParticipant@ipnowJoin Date: 2010Post Count: 1
If you are going down the path of joining a mentoring group – be sure to do your due dilligence on the mentor groups just as you would on an investment property. Make sure you compare as many mentor groups as possible and look at exactly what they are offering – whether it is an opportunity for them to sell you a property or an opportunity for you to learn how to source and buy a property that is right for you. Be aware that Positive Real Estate is exactly that – a Real Estate Company that has properties for sale. From my experience they tend to mould your strategy around what they have on their books at the time. Having said that they do have some very good information on what is happening in various markets at any particular time.shereebeckerMember@shereebeckerJoin Date: 2004Post Count: 31
Yes! good to bare in mind everyone sells, whether your a big business's, small business, self-employed person selling your skills or an employee selling your time and skills to an employer, everyone is selling to make money.. As long as the "customer" feels they are getting a value exchange . I pay my mentors a small fortune but by golly they make me every cent back and then some. But choose any mentor wisely and make sure the teachers are doing or have done it themselves. Don't be too afraid to ask them to justify their credibility! I hear so many trainers out there teaching stuff they've never done themselves, particularly in property.
ShereeDerekMember@derekJoin Date: 2004Post Count: 3,544
A few points JayT.
I don't know PREI – so my comments are general in nature rather than aimed at PREI.
1. If you are going to use a mentoring program make sure it fits your needs rather you being moulded to fit their needs. There is a huge difference between true mentoring and pseudo-mentoring.
2. I noticed you said you were, "quite impressed" – be interested to see if you have other similar experiences to compare PREI with?
3. Agree with Mystery – you are a long time retired. While it sounds very exciting at a young age there is a need for mental stimulation and challenge.
Hope this helps.CMSParticipant@cmsJoin Date: 2012Post Count: 19
Feel free to PM me, I have disengaged PRE a few months ago and am happy to share my reasons why, but I'm not happy to put negative press on here without them have an ability to reply.
CathyGazza21Participant@gazza21Join Date: 2012Post Count: 54
It wouldn’t be negative press, just give an account of your experience with them. Good or bad, its what this forum is for. They can always post a response.
Isn’t positive real estate Sam saggers who’s featured a lot in PI magazines? Thought he was supposed to be a bit of an expertCMSParticipant@cmsJoin Date: 2012Post Count: 19
Ok, I'll give my experience since a few people have PM'd me.
I signed up with Dymphna Boholt last year but after not making time to apply myself to her course, lost my way a bit and also felt things were a bit impersonal there.
Was totally sold on the one-on-one approach of PRE and signed on. I had an untenanted house in Moranbah at the time which was giving me ulcers, and my mentor said he would only take a deposit for the course and no more money til the situation was sorted out. The monthly meetings (and they come to Adelaide which is great because nothing much else does) were motivational and you have to 'fess up to what you have achieved in the last month, which was good for me. They also have their own team of experts, one of which we have retained the services of.
The problem was with the mentor who made comments about his brother bringing cancer upon himself (his thought was if he was a more positive person, this would never have happened. I am an A&E nurse and wanted to slap him!) He wanted to work on self development (first), I wanted to work on property.
They pretty much only believe in negative gearing and they also spruik paying you PPR off in 6 years – but this is by not living in it and claiming everything as a tax deduction. My mentor in particular (can't speak for the others) didn't want me to be emotionally attached to my PPR. I love my PPR and want my kids raised there and want it to be a home.
Their monthly education topic is always a bit too basic – no in depth coverage.
Their fee includes their Buyers Agency which exists only to onsell property they have already purchased – they say they have bulk bought and done all the negotiating, but this means it is often in a larger multi-dwelling so if someone has a fire-sale, the potential is for all property prices (and thus equity) to follow suit.
We were also encouraged to sell a property we owned (so pay agent fees, CGT etc) to purchase one of theirs. No one looked further into the scenario to see that our house was rented at below market rent and was P&I – we figured out this by ourselves and so upped the rent and changed to IO – and now it is CF+ $215 per week – no thanks to PRE.
I asked several times what my strategy was , and the response was "you have a lot to work on". That is not a strategy. They also don't believe in buying in Trusts, reason given is that they have never heard of anyone being sued in Australia. I buy in Trusts for asset protection and also to ensure that our kids get our properties and no one else.
I never met Sam Saggers though I read his book and he does seem to be the real deal, I do wonder if he knows exactly what his staff are like "in the field".
I have now applied myself to the Dymphna Boholt course, not blindly but I will take from it what is useful to me. I put some of her suggestions in place and then went back to a 2nd "boot camp" and was surprised at how much I have learnt and how much more I got out of a 2nd camp.
This is not an advert for or against PRE or Dymphna Boholt, simply my experiences – due diligence is needed everywhere (i.e. when seeking out education), not just when purchasing properties.CatalystParticipant@catalystJoin Date: 2008Post Count: 1,404
Thanks CMS. I went to a PRE seminar and then as a guest at a mentoring night.
I was ready to buy with heaps of money in a LOC ready to spend and thought their service would suit me. I wrote this on the form and that I was ready to buy NOW.
BUT they totally ignored me (and another lady by herself). On the form I put my name and it asked for spouse so I put hubby's name (who was not interested in property).
For a month no one rang. Then they rang my husband. He told them to ring me as he knows nothing about property. They rang him again several times over the next few weeks. In the end he said "are you guys idiots (well probably a stronger word) my wife was interested in your mentoring program and has money to spend". They FINALLY rang me. I told them where to go.
They were sending me Emails then after a month they camer still to my Email but addressed to my husband. Jeesh! you'd think they'd know that women control more than half the spending ion Australia.
I later attended a few meetings when they franchised out. They were just pushing their properties. At that time they were talking up Coomera and how it was a gold mine. Boomera Coomera they said. They had apartments there they had built.
Buyer beware is all I'll say.SMSF101Member@smsf101Join Date: 2012Post Count: 49
That really sounds great. But I think you should thoroughly check the background where you are going to invest in. Can you share what you have learned on their seminars?
BTW, have you heard about the Self Managed Super Funds? Self Managed Super Funds are an ideal investment vehicle if you are looking to maximise your wealth while maintaining complete control over your financial future and lifestyle. Just wanted to share as this may catch your interest.
Thanks and have a great day.DEVILZParticipant@devilzJoin Date: 2012Post Count: 33
I was very interested in working with PRE, but after some research I decided to go on my own. They have very interesting and cool advertisement strategy and it works. They are very aggressive and growing fast. it is a problem !
I think it is pretty simple: it is a business. The goal of any business is to make money ! With growing staff they need more people to sign up. Yeah $10 K sounds like not a big loss when you can make $100 K. But-they are one stop shop and do everything for you. clear sign of spruiker.
If you go ahead – you get their opinion about value, future, purchase price of investment, etc They sell their own houses and units in dodgy spots ( mining towns, etc) It might work and might not so you always have 50/50 chance if you prepared to risk
So 100% agree with above: Due diligence is required with everything these days!AdministratorKeymaster@piadminJoin Date: 2013Post Count: 3,225
I love Jason whittons philosophy and lisa sanders' approach to finance. I've been going it alone for several years but using their free downloads as an education tool, amongst others. I finally went to a free seminar at 6 last Wednesday, told the presenters I want to get moving, buy now, talk to finance etc. sat through the talk, hung around till 930. Still didn't get to talk to anyone, left my number, a note to contact me ASAP re finance and also mentoring workshop, no response.
I called the WA OFFICE 4 times on Thursday, no answer….? The phone just rang out, once again today (Friday), no answer….Colin RiceParticipant@fmsJoin Date: 2011Post Count: 338
Wow D'OK that is, to be kind, bad customer service and business people have no excuse to not respond promptly to clients and potential clients with all the means of communication at our fingertips.
To add to the OP every one in business has an angle. Not that its wrong but when sitting in front of someone attempting to sell or persuade you in a particular direction it is important to remain unemotional and ask your self;
What is their angle and motivation for getting me to do what they are asking me to do?richard22jbMember@richard22jbJoin Date: 2013Post Count: 1
I just attended one of these seminars last night and have come away in a state of unease. I am doing a little research myself and finding mixed results. I guess my primary concerns at this stage are.
1 Seem to be unwilling to discuss fees in an open forum
2 Some of the material was poorly presented and disjointed
3 There seems to be little new in what they offer, and i am concerned about the reports on here of them pushing their own properties.
Having said that I have made an appointment foe a 1 hour free chat I will see where that leads.
Has anyone else had any actual experience with them ??CatalystParticipant@catalystJoin Date: 2008Post Count: 1,404
Because they are franchised out now you need to find out who you are actually dealing with. I know a few of the people that took up the franchises were former students.
Check their portfolio, strategies etc. Some may be better than others??dangermouse99Participant@dangermouse99Join Date: 2004Post Count: 88
I agree with IP Now, they provide some good info but I think with altering motives to sell the propertties they have on there books, I think they just do it better than others by offering mentoring and other information services.