Property Investment Courses I Are they Worth the Investment?

There are lots of experts/courses to choose from. Does anyone have any personal experience with these? Are they worth the money?

The offerings that I've looked at (briefly) in this space are:

• Dymphna Bolt - I Love Real Estate.
• James Dawson - Commercial Investing Strategies.
• Mark Rolton - Options Strategies.

They all seem to cost about $20k to get involved.

 

In my opinion most of the information you need is free. (Podcasts on Spotify, YouTube and of course PropertyChat). There are also free seminars as well. I personally haven't been to any crash courses but if you want professional help you may as well use a BA (usually a $10k fee)

 

Re question - do you have the resources to implement the strategies?

We can make one more move on the chessboard before we reach our borrowing capacity.

- We have PPOR in Sydney
- 1 IP slightly cash-flow negative

For the next move, I'm currently running feasibility on either:
a) a subdivision project on Central Coast
b) buying a cash-flow positive, dual-occupancy on Central Coast

After the next move, we will have to sit and wait for more capital gains.

 

Following on from the above, once personal borrowing capacity reached.

We could buy 1-2 IPs in SMSF.

 

Have a go at the search function @Laney - top right hand corner, all of those mentioned have been discussed here previously, some multiple times.
See below;
The Darwin Spruiker.....oh Puhleeeaaze!
Anyone have experience with Think & Grow Group?
James Dawson property course

It's important to really focus on what you're trying to achieve with property investing, otherwise you are going to suffer from 'analysis paralysis' there's more than one way to crack an egg.
In my opinion you'll get more real world knowledge from people on this site, by reading old threads than paying $$$ for someone who's main business is selling courses to the masses.

 

Not worth it. That is almost the cost for a 2 year masters of law degree.

 

You have plenty more moves and even if you do hit borrowing cap it is not game over!

 

I love their marketing. Every new investor seems to come across these few fellas and their expensive courses first.

 

Hi Lindsay,
Thanks, good advice.
I had a read through those threads but interestingly noone who has actually done the course has commented. I was hoping someone who’s done one of the courses would share some insights in this thread.

 

You're not the first person who thinks this is a valid approach. I'm curious though, what do you think will cause future capital gains to occur (vs just increases due to inflation)?

 

We have no crystal ball, but I'll outline below our reasoning for targeting Central Coast.

Referencing @David Shih 10 Principles:

1. Only buy in Sydney, Melbourne, Brisbane.
2. Buy in areas where there is not much land supply available.
3. Only buy houses with as much land as possible.
4. Buy near-new so less maintenance costs.
5. Buy within walking distance to a train station (within 1km radius – but not less than 500m).
6. Don’t use your own money.
7. Choose CG over yield.
8. Keep property for the long-term.
9. Approach property as a business.
10. Grow slow and steady – buy 1 or 2 every couple of years.

Applying these principals to the Central Coast locations we are targeting:

1. Commutable to Sydney.
2. There is not much land supply available.
3. Only targeting houses with as much land as possible.
4. Where possible buying renovated or near-new so less maintenance costs. Buying 4BDR+ as less stock of these available.
5. Buying close to rail.
6. Using bank money.
7. We have recently bought a CG IP, now looking for a yield one.
8. We will keep property for the long-term, 10-20 years+
9. Approach property as a business.
10. Grow slow and steady – buy 1 or 2 every couple of years.

To reference @David Shih again,
"1. Good Yield – Gross yield of 6.5% or more
2. Excellent Location – close to good school/public transport/major shopping centre, major upcoming infrastructure such as new hospitals or university
3. Contains scope for value add – such as cosmetic renovation, granny flat potential, build out downstairs for highsets
4. Contains future development/subdivision potential – allows the block to be developed or subdivided at a later"​

These 4 principles are harder on the central coast:

1. Yield of most good stock only about 5%.
2. Ticks the location box as we're targeting suburbs on the Central Coast that have close proximity to a train station and the M1, the two new hospitals and sort after schools.
Future growth due to the increasing unaffordability of Sydney, but still a commutable distance to Sydney.
Big infrastructure projects planned for Gosford.
3. Granny flat potential - keeping an eye out for these.
4. Subdivsion potential are now hard to find. But we're looking! (we're not rennovators so rules out that strategy).

Lastly, many families that we have grown up with in Sydney have already moved to the Central Coast for affordability / value for money / lifestyle. As the old saying goes, seeing is believing.

 

Hi Terry, what's the best way to get in touch with you about brokering and structuring services?

 

That should tell you all you need to know

 

Rogue's Gallery: Mark Rolton, Brad Sugars Dymphna Boholt et al

Here is another one of the several threads on them (funnily enough one of their team members even responded in the thread defending their business). Click through the links to the Somersoft forums by the OP, there are a few who have tried their courses first hand.

 

See my signature

 

Thanks, interesting read.

 

I got a bounce back from that email address.

 

sorry, that was me, i had a spelling mistake in the link.

 

These courses are not worth it, particularly in 2020 with the free resources and communities available. They make it sound like they have a magic formula to entice you.