Viewing 17 posts - 1 through 17 (of 17 total)
  • Profile photo of GizzyGizzy
    Participant
    @gizzy
    Join Date: 2013
    Post Count: 26

    Hi everyone as just a quick update on a seminar I went too half way through December . I have not taken up their offer to join for seven thousand dollars. Over the past 3 weeks I have a few calls from this company and politely told them I am not interested . Yesterday morning I received another call from them asking if I would like to go on a bus trip this month . I would be shown what sort of properties to buy and what not to buy , I said no thank you I am not interested I have found a financial advisor and someone to help with finding a house, I am in the process of sorting out finance now .

    The lady proceeded to state that’s ok you can use your own financial people its just a bus trip , its free and you don’t have to buy. I said thank you but no thank you . At 3 pm the same day a man calls me from this company not so nice and told me about the bus trip again . I said no thank you I am happy going slowly and I have found a financial advisor etc. He then said well I am sending you an email shortly you shall read this OK and then come on the trip OK. Umm I do not think so, its not OK.

    I did not realise these companies pushed like this , the 2nd man was a little too pushy and too abrupt for my liking . I do not think it was very professional at all.

    Cheers

    Gayle

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Wow – that's incredible that someone would act like that. 

    What were they planning on giving you in return for $7k!

    These sort of spruikers need to be stopped – it's a joke.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404

    The pushing is over the top but why not just go and have a look. Unless you lack the willpower to not sign you've lost only a few hours of your time and you may gain some valuable insight into areas to purchase in etc. AND you can network with like minded people which could prove beneficial.

    Nothing to lose, something to gain I think.  Keep your $7K for your first deposit.

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,376

    Hmm – perhaps they are at risk of running a nearly empty bus !!   I imagine groups like this would prefer to leverage a "full bus" when cajoling some buyers ("Look, there are all these people on the bus – if you don't sign now, you could miss out!" – that type of thing).

    Sounds to me like a good place to stay the hell away from….  despite the free ride !!  

    Who knows – your NOT turning up might save a couple of patsies from parting with their hard-earned…..  cheeky

    Benny

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Pretty familiar story unfortunately. 'Pressure' buying is rampant in the property industry, and there are a number of Chinese property firms that are maters of this and they are very successful in their approach. In these cases, attendees are vulnerable and uneducated, something I strongly object to. Gizzy, be free to pm their name to me and I can see if I have similar stories from my clientele.

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
    Email Me | Phone Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

    Profile photo of BoughtWithEquityBoughtWithEquity
    Participant
    @boughtwithequity
    Join Date: 2013
    Post Count: 68

    Why PM the name….put it right out here so it will educate others.  I am actually with Catalyst on this one….unless you feel you lack willpower – I'd take the trip and get a little free education in the process.  The smarter you get about investing, the better decisions you'll be able to make even with the use of a financial advisor.  Let us know how it goes!  There are plenty of knowledgeable people here in the forums so network away!

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,850

    More feebies (sic), more pressure.

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    $7k for a seminar?? How can they justify the price?

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    Go along even to learn what not to do and warn a few others just quietly. 

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404
    jmsrachel wrote:
    $7k for a seminar?? How can they justify the price?

    That's pretty standard these days.

    They give you LOTS of paper- and usually a weekend workshop. Most offer follow up and some mentoring. They do them often as they know that usually only 10% follow through.

    I've never paid for a workshop but I've been to a few free ones. From all I've learnt something, some not much though. I've met some great people through them though (some of whom have become friends). Networking is THE key. There are loads of people out there that know something you don't. Many of whom are willing to chat.

    Remember- you don't know what you don't know.

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,376

    Hi Catalyst,

      Well put, Catalyst !!!

    Quote:
    Networking is THE key. There are loads of people out there that know something you don't. Many of whom are willing to chat.

       Write that in big, bold letters, for sure.  

      … and yeah, Remember- you don't know what you don't know. – that too….

    Benny

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,376

    I recall this kind of thing happening around 2000 – 2002 (I think).  Everything was booming, and these groups would tout "cheap properties" by bussing people to smaller towns/cities.  Of course, ANY more remote town is going to have a completely different pricing structure to Syd, Mel, Bne, etc.   So they promoted these "cheap" places – even with their loaded commissions on top, the prices SOUNDED cheap to city buyers who hadn't become familiar with local prices.

    Even trips to the Gold Coast (they flew you up from Syd for FREE) had Sydney-siders saying "Wow, that IS cheap!"   These buyers didn't know what they didn't know, so were lulled into purchasing properties that a local would have picked up for at least $50k less.   I heard even the route that took them to the inspection was carefully planned so that buyers wouldn't see any billboards promoting OTHER off-the-plan properties for way less cost….. 

    Oh, and the buyers were "never left alone" to wander down the street (don't want them looking in local RE offices, now do we?).

    And any "deal" would involve equity in their own PPOR, as the valuations for the new "investment" would never stack up on their own.   It is a shameful practice.  Be sure to wise up all of your friends who even sound like they are "looking at property investment".   Send 'em here instead !!!

    Benny

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396
    Benny wrote:

    I recall this kind of thing happening around 2000 – 2002 (I think).  Everything was booming, and these groups would tout "cheap properties" by bussing people to smaller towns/cities.  Of course, ANY more remote town is going to have a completely different pricing structure to Syd, Mel, Bne, etc.   So they promoted these "cheap" places – even with their loaded commissions on top, the prices SOUNDED cheap to city buyers who hadn't become familiar with local prices.

    Even trips to the Gold Coast (they flew you up from Syd for FREE) had Sydney-siders saying "Wow, that IS cheap!"   These buyers didn't know what they didn't know, so were lulled into purchasing properties that a local would have picked up for at least $50k less.   I heard even the route that took them to the inspection was carefully planned so that buyers wouldn't see any billboards promoting OTHER off-the-plan properties for way less cost….. 

    Oh, and the buyers were "never left alone" to wander down the street (don't want them looking in local RE offices, now do we?).

    And any "deal" would involve equity in their own PPOR, as the valuations for the new "investment" would never stack up on their own.   It is a shameful practice.  Be sure to wise up all of your friends who even sound like they are "looking at property investment".   Send 'em here instead !!!

    Benny

    They wont be able to do that anymore thanks to our little friend the internet :)

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me | Phone Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of mattstamattsta
    Participant
    @mattsta
    Join Date: 2011
    Post Count: 604

    I'd keep the $7 for a deposit instead. You can get the same information from those high priced seminars from cheap books or from free forums like this!

    Profile photo of GizzyGizzy
    Participant
    @gizzy
    Join Date: 2013
    Post Count: 26

    Hi everyone thanks for the input. The seminar was free but to join you have to pay seven thousand dollars that includes all the mentoring. We have decided not to go as I hate being pushed by people … I know some say go and don’t buy or get suckered but I would rather not go at all….

    I just could not believe how pushy the man was

    Cheers
    Gizzy1

    Profile photo of APOLOAPOLO
    Participant
    @apolo
    Join Date: 2008
    Post Count: 33

    Hi Guys i paid $6 K for a seminar few years back ,and i have made 20 times more for my investment ,its a matter of which seminars you going to and who the speaker is ,there are some good ones and there are some very bad ones ,its hard to pick the right one .Google them to see if they have any substance or they only talk .I have been lucky to pick the right one so i made money ,other people may not be so luck ,but its not like there are free beers out there ,but look closely and invest in right education .Happy to talk more if you need more details PM me

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Hi Gayle

    Hate to say hear it all day long from other clients.

    Stick with who you have in your corner. Might be old an grey but straight as a die and I don't drive a bus lol.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

Viewing 17 posts - 1 through 17 (of 17 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.