Free Property Investment Seminars – Are They A Waste of Time??

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freepropertyinvestmentseminarperthYou’ve got your weekends all planned out then you open your emails and see this…..

Free Property Investment Seminar

Damn! Now you have a decision to make. You can stick to your weekend plans and keep your spouse and family happy. Or you can decide to grab a ticket to the seminar, commit to anything from a few hours one night to a full weekend to go to the free property investment seminar and start a household argument that leaves the air frosty for longer than it seems worth.

I’m a big believer in investing in one’s self education. I’ve spent thousands upon thousands of dollars over the past 10 years on travelling and tickets to events, seminars and workshops all over the world. All in the quest of knowledge and self improvement.

I love to learn more about property investing as well as other subjects that interest me and affect my life including fitness, online marketing and personal development.

As you can see, much of the information and inspiration I share on property investing is delivered to you through my blog here at PropertyInvestingSupport.com. So Darren Rowse and Fay Mclean, Problogger Seminar perthwhen I heard that a true leader in his field, Darren Rowse from ProBlogger.net was putting on an event in Perth I jumped at the opportunity to get a ticket and learn from an expert.

It was an amazing day. I got to meet and network with loads of inspiring bloggers all sharing their skills and expertise through their blogs. People like Nicole Avery from Planning with Kids and Kelly Exeter from KellyExeter.com.au and Editor of Flying Solo. And of course, I was totally inspired by Darren himself!

This was a paid event and well worth every cent. Unfortunately the same cannot be said for every event I’ve paid to attend.

When it comes to seminars about property investing, whatever price tag is attached to a seminar ticket, does not necessarily indicate the level of value that will be delivered. In fact, many free property investment seminars can deliver massive value. There are some important points to keep in mind as you see these offers come up though.

Here are some warning signs to help you recognise dodgy investment seminars and avoid being ripped off.

1.  Be aware of over-hyped and misleading claims.

Some promoters of free property investment seminars will send an ‘exclusive’ invitation through the mail to attend a ‘premier wealth event’. There will be motivational speakers and they may claim their financial secrets have the power to turn you into a millionaire within a few years.
Claims like these sound great and are almost always over-hyped or misleading. The recommended investments can be expensive, highly risky and lose you money.

In fact, the very first major seminar I ever attended was this type (not a property seminar though). Being naïve as I was, I paid out $30,000 (yes that’s right – $30K!) and got none of what was promised to me!

If there is a big upsell and sales pitch at the end of the event, then that’s the very reason the event was free in the first place. The company will be making all their money from their sales pitch. You will have been given a trickle of information to wet your appetite and if you want any more information then you’ll have to pay big time.

Solution: Keep your money in your pocket! Whatever you do – DO NOT sign up to pay out any money for information or advice on the first night. Don’t fall victim to anyone who hassles you to make big decisions involving lots of money on the spot. Go home and let the information sink in first and then make your decisions in the clear light of the morning.

2.  Constantly Changing Strategies

There are many strategies to build wealth through real estate. Many of the strategies do work well together such as renovations and sub-divisions. But when you are starting out its ideal to focus on one strategy. Which strategy you focus on will depend on your income, your goals, your personality and how far away you are from wanting to give up your day job.

Sometimes you can attend a seminar or workshop and not long into the session, your head is spinning with an overload of information. Just yesterday you really thought you were sure about what type of investing strategy you were going to follow and now….. everyone is telling you something different and your head is spinning like a yo-yo on a piece of string.

Solution:

A quick way to lose time and money in the market is to constantly jump from one strategy to the next. One minute thinking you might buy a house and renovate. The next minute thinking you want to build. While strategies such as these certainly work, if you are always out there trying to make a quick and easy financial killing, you always run the risk of your financial capital being quickly and easily killed.

If you’ve already decided you are following a set strategy such as buy and hold, then keep your head down and bum up and stay focussed. Pick your strategy and then learn everything you can about that one strategy before you move onto the next. This way you’ll gain momentum and be able to make wiser decisions as you become more educated.   Keep your eyes on the goal.

Good Reasons To Attend Free Property Investment Seminars, Events or Workshops

1.  Great Networking Opportunities

You don’t have to do this journey alone. In fact, it’s much more fun and motivating to be around other people who share the same challenges and goals you do.

At a free property investment seminar you will be in a room of like minded people and this means you’ll have a great opportunity to network and meet people who may very well be able to support you in your investing goals.

Anyone who becomes successful has never done it all on their own

The people we have met at both online and offline property events have played a significant part in our investing success. These have included researchers, building inspectors, tradesmen and joint venture partners just to mention a few.

2.  Just One Takeaway

invest in youMaximising your investments is not just about signing the contract, getting a tenant and then putting the whole thing on the shelf to take care of itself. Oh no. There is a LOT of information to keep on top of if you want to keep your expenses to a minimum, save money and increase thee overall returns from your property portfolio. And sometimes, it’s from listening to one of these free property investment seminars that you will hear the one tip that will be a major takeaway for you.

3.  Knowledge Is Power

As your education increases it’s easy to think you know enough. Wow – what a mistake!

In my opinion you can never know enough.

It is great to be led by a mentor or support person as you begin your investing journey. But it’s also important you take responsibility for your financial future. Property investing can be a little like a game of chess. You’ve got to always look at the current situation (economic) to help you decide on the best way to make you next move.

The purpose of your investing is for it to take you from where you are today to where you want to be in the future. As such, it’s going to take a little bit of education along the way. Staying up to date on information by attending events is a great way to do this.

Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. – Maimonides

 You don’t know what you don’t know.   Think about that…..

It’s for this reason I would encourage you to attend educational and informative events relating to property investing as long as you keep these main points I’ve mentioned top of mind:

  • Tread with caution.
  • Set your intentions.
  • Know your strategy and stay focused on your goals.

How do you know what property, or which investment strategy is best for you?   If you’re looking for help with where to get started to make your next move ….  all you have to do is contact me to register for a Strategy Action Plan call.

Here’s to your success!


 

P.S.     I would love to help you take your property investing to the next level.

If you have any questions, contact me directly or leave a comment below.



4 Responses to Free Property Investment Seminars – Are They A Waste of Time??

  1. Julie March 9, 2015 at 10:08 PM #

    What a great post! Keeping focused on your investment strategy is so important. I have been completely overwhelmed with the amount of information and opportunities available. I like your suggestion of going home to think it through before committing to large financial outlays. Heaps of great advice here. Thanks.
    Julie recently posted…How to decorate like a designer – every timeMy Profile

  2. Amanda Hoffmann March 10, 2015 at 8:01 AM #

    As a property investor I have to say that I have walked out of a number of seminars, shaking my head at the hype and misleading information that they dish out. I have always had a 48 hour policy when it comes to any new investment or opportunity. It’s important to weigh your decisions carefully. Talk to your accountant, do your due diligence and talk to people who are already successful property investors.

    Many of these seminars focus on negative gearing which I will never, ever recommend. A loss is a loss regardless of the so called tax advantages. Great article and will look forward to more.

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