James Dawson – Commercial Property Cash Flow System package

yes Guts, i saw the James Dawson webinar last Friday, went for about 2 hours, i think he repeats it. Some interesting stuff on there and James showed us all his property’s. Here is the link to his facebook page https://www.facebook.com/jamesdawsonproperty
No i have not seen or heard of anybody with the package – but, yes would like to know more too

Hi Guys – am new to this forum but saw this thread and felt I can help.
I bought James’s package a couple of weeks ago – going through the course now.
It’s really good so far – I was a bit hesitant at first because, to be honest, I didn’t really believe 8% or more returns were possible.
BUT going through the materials and doing some numbers on properties I’ve since seen, I can see that it is possible.
(actually James just posted a new testimonial http://commercialrealestateinvesting.com.au/testimonials/ from one of the students that joined in the first intake in March… One couple bought the program and signed their first property in 49 days – pending finance – that will get them 10.4% returns and 11.something% after 4 years)
so – I’ a believer.
Material is good and even though James is a little at arms length he has actually answered a couple of questions I’ve asked via the private student questions email.
Also he’s adding property search videos where he goes through properties he’s finding online, and going through what you should look at and need to consider if you were to look at it… really good learning coming from those.
all up very happy though I am cautious and am taking my time looking for properties and assessing them.

Feel free to PM me if you have any more questions

Does anyone have any further info or experiences with James’ education package? Thoughts…

Hi all – I’ve not been on this forum for months… but I came on today to find a boatload of PM’s asking me how it was going with the James Dawson course… I’ve answered a few personally but I’m running out of steam (not much of a typist) so doing a public update.

I’ve done a bunch of courses so I have some background in res investing. This was all new to me (commercial). James makes it easy to understand. modules are very clear. There are 8 main modules (about 1 hour each) and 3 other modules. It took me about 2 weeks to go through everything.

Almost more important than the main course is the ongoing material. He does regular updates, is active on a members only facebook group and has even answered an email personally about a property I was looking at (although personal contact is not really part of the course) which saved me thousands by not going through with that particular deal.

One of the regular things James does is a property search video where he regularly searches for properties that look interesting for him from all over the country. He makes a video and talks through why he thought it was interesting, what he would ask the agent, what to watch out for… etc. Sometimes he even goes right into a property and does all the numbers so you get a really detailed look into how to work out whether a deal is going to be worth it and what he would offer for it… those vids are really helpful. It’s one thing to learn the theory but entirely another to see how he thinks… sort of over his shoulder view if his years of experience. I’ve probably learned more from those than any thing.

I know there are some students that have gone and bought some of the properties that he’s mentioned in these vids.

I’m now 1 property in (9.7% returns from day1 on a 4.4% loan, so very cashflow positive… with some upside I’ve yet to engage. His negotiating strategies probably saved me around $48k on purchase price… so just that was a big win) and
negotiating on another now. I’m by no means a big gun in this. being very cautious. There are many other students who have done a heap more than me… some of them are producing crazy results… I’m starting small and taking my time.

Anyway I hope that helps…

Good course… if you are ready to take action and have some equity in your home or something then there are plenty of properties available with much lower competition than res.
James is the real deal and makes it easy to understand.

Cheers
VS

Thanks Vern…….very good feedback though after listening to his webinar I was pretty well convinced of his efficacy. The real question is have we the guts to act…..

What do you need to learn which isn’t easily converted from residential experience other than rent review methods, termination, make good, AFSS, Gross/nett, incentives & if all else fails 1800-sue-me ie solicitor.

All of these things are freely available on the web, local library or TAFE bookshop.

I am currently evaluating this course. I’ve been through the webinar and the follow up call with his sales guy. As per the comments above he seems a bit arms length and I see no mention of ongoing costs for repairs/maintenance etc in any of the financial modelling he discusses (I have also listened to his podcast series) to show the positive cash flow.

It looks quite good however I am cautious.

Has anyone signed up and experienced any success?

In answer to Sam who said that James Dawson doesnt report repairs/maintenance costs – the reason for this is that in a Commercial lease it is quite normal for the tenant to take care of all these types of outgoings.

Essentially, Commercial lease negotiations are much more flexible than residential – they are not uniform and almost anything can be negotiated. Not fully understanding the terms of the lease (or how to negotiate new leases) can cause either tenants or owners to end up in trouble.

Hi,

So @verns and @agent-smith.
It has been a while since you both purchased a course.
I am curious as to whether or not you have made any deals as yet.
What progress have you mad as commercial investors?

I am currently evaluating my first commercial deals(currently only hold residential) and I am wondering whether you may be able to provide any advice.
Namely, in the area of Due Diligence.
What kind of Due Diligence do you recommend?
A simple and comprehensive “bullet point” list will aid a simpleton such as myself.

Thanks in advance.

• This reply was modified 7 years ago by  Robert King. Reason: tagging
• This reply was modified 7 years ago by  Robert King.

I recently had a phone session with one of their rep and following the chat I received an SMS
message with direct deposit payment instructions.

While I was happy to sign up I responded asking specifically to have a soft/digital copy of invoice
emailed to me so I can attend to payment and more importantly I have something in writing in email that
contain full details of what I am signing up and paying for.

To my unexpected surprise, the response I received via SMS was that it does NOT issue tax invoice
before invoice amount is paid in full. I will think the right way of doing business is one receives a
tax invoice, makes the payment and then receives the tax RECEIPT.

Something just doesn’t sit well or comfortably with me and I’d like to know if anyone else who has
joined up recently or in the past has had similar experience?

Can’t help being skeptical here.

Thanks,
FXD