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  • Property-a-holics

    Millionaires Together Phil Martins Course

    Hi

    Does any one have any person knowledge experience of attending this course, which is something i have come across looking through youtube videos?

    I know there is previous debate in relation to Phil Martin on this forum, however i cant find any reference to this patricular course?

    Looking for any positive/negatives views of the content shared or if anyone found it worthwhile

    Thanks
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    The course itself is fairly new, so probably too soon for any opinions to have formed.

    There is a lot of detail on here about Phil as you've already mentioned, so you can make your own mind up.
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    This is not specific to Phil or anyone other person / organisation.

    There is almost nothing that would be new in a course on real estate investing. It is not like RE investing is a new topic other than to the students in the room. Hence, all the info that you need is out there is various forms, formats, and through multiple different channels.

    Each instructor might have their own style. Some are better at making things clear or know a specific topic to a greater level of detail than others.

    Some course providers are closers to sharks than really educators. As long as you have money in your wallet or credit on your credit card, they have the next set of secrets you really must buy. Once you have spent all your money they can not remember your name.

    You can learn a great deal from books. Some folks do not learn well from a book. That said, I still suggest people start there and then they network with other investors.

    You will find that many newer investors (1-3 years of experience) will strongly recommend what ever they have done. That is not to say the courses they took are good or bad. It does reflect that they rarely have surveyed the full collection so they recommend what they know. It worked for them so they assume it will work for you. In addition, you will find fewer people who found problems with a course at specific meetings as the students of one program tend to attend the same meeting as each other so you get a tribal or club effect.

    I am a great believer in formal education or course as you can save time. I do have an issue with what some people or some organisations package up as it is either poor value of flawed. The odd thing is even a bad course could leave the student with one good idea that covers the cost of the course. So definitely keep your eyes wide open and be very careful about what you believe and what you buy. We are talking about the art of persuasion and convincing others to part with their money.

    The funnest presentation I ever say was when a speaker told the audience that he could convince them with serious sums of money and that he could train them to be speakers so they could do the same to other audiences. I counted how many times he asked the audience to 'say yes' or other similar NLP techniques in 90 minus. There was over 300 specific requests to do what he said. The audience loved it and many quickly forked over a larger sum so they could be on stage as a new student. He told them this would happen and it did.
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.

    Good points John.

    It's funny you mention the bit about speakers getting the audience to do what they want and say yes.

    I attended a T Harv Eker event at the Excel many years back.

    They insisted before attending that everyone bring a £50 note with them.

    About halfway into the first day, they convinced everyone that burning the £50 note would set them free from fear of losing money.

    They brought a flame to the stage and asked everyone who was prepared to do it to form a queue.

    Nearly a thousand people in the room blindly queued up to burn their £50.

    I skulked at the back and said "bollocks am I doing that".

    Turned out they didn't actually want people to do it and it was a lesson on not wasting money, but what amazed me was how many audience members were prepared to do it, just because he'd told them to.

    Later came the up-sell.

    The seminar itself only cost £200 hence why I gave it a try, they were upselling to courses that cost 10k upwards. 1000 people in the room, allegedly only 200 spaces on the course.

    He kept talking to make people wait and build up anticipation, then said "go" and people were literally sprinting down the aisles pushing each other out the way to spend upwards of ten thousand pounds thinking it would make them a millionaire.

    He must have upsold easily 2 million quids worth of courses in the next 20 minutes of people queuing.

    I walked out at that point disgusted.

    That was my first experience of this type of thing and I'll never forget the looks on the faces of those mug punters desperate to part with their 10k.
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    Thanks for the replies guys,

    Phil states his course is set up over 12 months and helps you set up a company, website brand etc and then helps you source deals over a variety of ways e.g on market off market etc. So i guess this is a little different then just a stand up lecture or seminar?

    He does have some interesting strategies especially the land finding one, where he states you can sign up land on option agreements and sell them on to developers for cash pretty quickly.. does anyone have any experience with this strategy? is it as simple as claimed?

    He also offers a profit share as a way to join his course, perhaps minimising the amount of money which can be lost?

    i understand the majority of views around courses and seminars is negative. But could it be some are worth the investment to gain knowledge and be able to ask questions and gain help over a 12 month period?
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    (11-08-2014 01:46 PM)Performance_Pursuit Wrote:  i understand the majority of views around courses and seminars is negative. But could it be some are worth the investment to gain knowledge and be able to ask questions and gain help over a 12 month period?

    Depends what you're looking to achieve.

    Buy to Let is fairly simple, put in a deposit, get a mortgage and rent it out. The only things I'd recommend for doing this are:
    1/ Local Knowledge
    2/ Good mortgage broker
    3/ NLA Landlord accreditation to learn your responsibilities as a landlord

    So I don't really see the need for mentors/courses etc. especially as you can ask questions on forums like this one for free.
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    The majority of these so called gurus are just charlatans who happen to be quite good at public speaking and even better at getting you to give them your money.

    Do yourself a favour; instead of spending a few thousand pounds on these so called courses, spend a few hundred on buying some books and going to a few networking events. Even better, befriend a couple of people on here or through the meetings and spend a day or so in their company.

    Every strategy that these people tell you about can be researched yourself through books, online through blogs and forums and by talking to the people who are actually doing it successfully, rather than making their money by telling other people what they should be doing.

    There are people on this and other forums who can teach you an awful lot (and no, I'm not one of them!) and there are others who have lost hundreds of thousands of other people's money and still manage to get people to give them their money to do it again.

    You will make your own decisions, but unless you're one of the people that Phil referred to in his post earlier, then your decision whether or not to give this person your money should be a very simple one.
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    (11-08-2014 02:31 PM)Martin McGrath Wrote:  The majority of these so called gurus are just charlatans who happen to be quite good at public speaking and even better at getting you to give them your money.

    Do yourself a favour; instead of spending a few thousand pounds on these so called courses, spend a few hundred on buying some books and going to a few networking events. Even better, befriend a couple of people on here or through the meetings and spend a day or so in their company.

    Every strategy that these people tell you about can be researched yourself through books, online through blogs and forums and by talking to the people who are actually doing it successfully, rather than making their money by telling other people what they should be doing.

    There are people on this and other forums who can teach you an awful lot (and no, I'm not one of them!) and there are others who have lost hundreds of thousands of other people's money and still manage to get people to give them their money to do it again.

    You will make your own decisions, but unless you're one of the people that Phil referred to in his post earlier, then your decision whether or not to give this person your money should be a very simple one.

    whilst I respect the above, I dont know if I 100% agree with it. As in any trade or industry theres a textbook way of doing things and sometimes slightly alternative ways if I can put it like that. Most forums by definition will give textbook and slightly sterile replies due to peoples names being put to their posts. I do think there is value to be had from talking to certain individuals that have been successful by interacting with them in a more discrete manner. In any industry there are those that are particularly successful due to the way they do things. The one thing that is majorly wrong with gurus and mentors is that they dont qualify their applicants. Its obvious why this happens - there would be hardly any takers! I bet only a handful of mentees actually go on to be successful....
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    Many thanks for your replies so far

    you all make valid points.

    as a newbie can someone direct me toneworking events/seminars within in the West Midlands area?
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    (11-08-2014 02:45 PM)Performance_Pursuit Wrote:  as a newbie can someone direct me toneworking events/seminars within in the West Midlands area?

    For the midlands, see if you can contact Phil Stewardson or Mary Latham, both respected members on here and from that neck of the woods.

    If they have time, offer to buy them lunch and pick their brains.

    Another way is the NLA (National Landlords Association) hold loads of free events, go onto their website and you'll find one near you.

    I guarantee you won't get any upsell with these three avenues I've suggested, just good unbiased advice from real landlords.
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    £2,997? not worth it. Sub £500 id sign up for a listen he is a knowledgeable guy; id of coerce take very word with a grain of salt and consult independent advice prior to following his path.

    He says he gives you access to "Access to a professional network of accountants, planning consultants, mortgage brokers and solicitors." - Scary! .. Use independent advice .
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