Property workshop

G4OJR

Has anyone been to a Rich Dad property workshop? I have been invited to one and was curious what they're about, maybe just selling their books?

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Browntoa

It's the upselling of expensive "advanced" courses at the end.

Expect a hard sell to buy these on the day .

It's buy property , get tenants in , borrow more money , get more property. It's not rocket science or a secret

droopsnoot

This sounds a bit like the ones that "Inside Track" used to run. They'd put on a 2-hour thing in a local hotel, get people in, give them the talk, wheel out some successful investors, and sell you the expensive 4-day course at the end. They'd add in stuff like doing a 2-for-1 offer if you sign up and pay on the night. In their case, once you've done the expensive course you can then sign up for their (paid) services as property-sourcer, maintenance company, rent collector, and so on, all at premium rates.

In the moment, it does sound very appealing, but it also had a nagging call of "house of cards" to me - back when I had a look at it, it was reliant on each house increasing in value to re-mortgage, then use some of the extra value as the deposit on the next house.

I did sign up for the 4-day course on the night, but had cold feet overnight and phoned them to ask for a refund which, in fairness, they sorted out without any undue trouble. Shortly after that, the particular organisation went into liquidation.

After I'd done that, I had a look around eBay and found a set of six DVDs of one of their courses for hardly any money, and bought them. I probably watched one or maybe two of them, then lost interest, so I was glad I'd paid ~£20 for the dodgy DVD set rather than (from memory) around £4k for the course. From what I remember, some of the stuff they were talking about were just the kind of thing that the man in the street thinks of when they hear the term "property developer".

tonycottee

Facebook is full of ads for this kind of thing. The fact is, if you had found the secret to making all this money, why the need to sell it on? Richard Branson isn’t selling expensive courses on how to get rich.
And surely the market would become saturated quite quickly. If we all took the course, could we all become rich?