John Lindeman reports

has anyone has dealing with the reports John provides and know how accurate they have been ?

 

I like his articles and have his books but his reports sound pretty average;

John Lindeman Best 30 Report - Somersoft Property Investment Forums

Thoughts on Matusik? John Lindeman? and Terry Ryder? and reports

 

Interested in any other persons feedback?

 

Hi guys
I have since got two of his reports and went to the results mentoring one day event where John was a presentater he showed how he comes up with his data that makes the reports and j think it's very valuable . In hind sight j would have purchased a report before buying my Gladstone property and save 160 k for a 80 report
I think guys you try to catch him at a one day event his one the rod atm and you got nothing to loose and low to gain I recon

 

Agree I like his articles and have learnt a lot from reading them. Some of the places he has recommmended make perfect sense while others seem a bit weird - I like his focus on numbers but there's more to it than that.
Thanks for the feedback -would be interested in going to a seminar.

 

We went to this guys seminar a few weeks back where he went on about how he's picked market ups and downs. He showed previous predictions for a few country towns going up etc which seemed a bit spurious to me.

And then at the end, as expected, tried to flog his very expensive course / reports. Along with the whole "but wait there's more" type spiel. Wouldn't recommend.

 

Ditto to DT - I wasn't amazed by his system.

It's effectively a play on supply/demand volume trading which is common in share trading, but not in property. Considering the high transaction costs of property, I'd much rather be running my research on long term fundamental data, than short term boom/bust metrics.

 

I too went to this and found it pretty simplistic. No online portal you have to order the reports, not great for evaluating and discounting suburbs on the fly.

His background was also very glossed over... all he gave on himself was he bought a house in the 1970's, it went up in value, he then bought another and lost money.... then went to study how the housing market worked for 20 years.... and heres a system I have made. No evidence to back up how it has made him a sucessful investor or detail on his investment journey.

The MY PROGRAM IS A $13996 VALUE YOURS TODAY FOR ONLY $3996.... BUT WAIT IF YOU SIGN UP NOW YOU CAN HAVE IT ALL FOR $2996!! sales pitch at the end was pretty cringe worthy.

He also said that you should only ever offer fair market value and never below as that is unethical. I disagree, a house is worth what it will sell for at that moment in time, and if my offer is the best (or only) they have had so far, thats what its worth in the market.

 

I am attending on 18th April will keep you all posted

 

What I would do and I think have mentioned before if he is giving advice on where and what to buy the only way you will know for certain how good he is will be to look at his previous predictions? Did he get them right?

 

He gave examples of where he has picked winning suburbs. Most of them went on to tank 2 years later, but that was not mentioned or glossed over (eg he chose Roxby Downs). His justification was his "system" tells you when to sell at the market peak so you are not left holding in the downwards cycle. Essentially hes promoting timing the market using his reports to advise when to buy and sell.

 

Really, that reminds me, apparently heard a property in Moranbah just sold for lowest price ever $105,000 (foreclosure) not long ago was sold close to $800K. I hope this area was not on the list.

That reminds may be we should have a list on the recommendations of areas gurus recommend and then we know where not to buy... hehe

 

No it wasnt, but he did give Kate Moloney's book a shill and said she was a good friend, so unknown if his reports were part of her decision making process.

 

Very interesting, I didn't know that.

 

Good idea, do the opposite. Yes there was a $105,000 and $106,000 sale this year. And new 4 x 2 homes with a shed are for sale from $290k. In Dysart, you can pick up a 2yo 3 x 2 home for $80k or an older 3 x 1 home for as low as $45k.

 

Curious Kate, who the hell is buying this stuff??? surely not investors?? who will rent

 

Locals mainly. Those that feel secure in their jobs.

 

Even at 105k I would not touch it
What's the population ?

 

I remember reading one of his reports, probably about 1-1.5 yrs ago. I recall in this report that he said that Clyde North (Vic) was going to boom within the next 12 months. Going by the timing of the report that should've happened, or should be happening now. So, does anyone here have knowledge of this suburb to test his prediction?..................

 

Went to his short hour long seminar .. he just talked about his methodology which seems OK .. not too excellent but good part was no hard selling in his session