Due to my clear interest in investment, I am constantly haunted by adverts. About a week ago one of these adverts convinced me to click on it and sign up to an amazing free property investment workshop. Since we are planning to buy an investment property in 2021 I thought to myself that I have nothing to lose. I knew that the purpose of those workshops is to sell something at the end, but I was pretty sure that I can resist the urge.
I attended this workshop today and wanted to write a short review of this workshop. Please note that this review only applies to the specific workshop I attended and no other you might see advertised.
The event was hosted under brand Perform in Property and was held at fairly nice DoubleTree Hilton Hotel.
After making my way onto conferencing floor "C" I was greeted by one of the hosts who has given me a completely useless name-tag. I quickly found out where I can get coffee. After filling my cup with quality brew from a cranky machine I sat down and started to wonder who out of the guests in the lounge area are serious about this and who like myself decided to come to take a look.
At right on dot 10:30 we were invited to take a sit in one of the small conference rooms. We were introduced to people who were leading workshop and to my surprise they were not people I expected. The event was advertised with faces of Steve Backley and Roger Black. They are both Olympic medalists allegedly turned property investors. Instead of them leading the event we got to watch a short video where they introduce the program.
We then heard a personal story of the main presenter Alex Shanks, who I must say is a great public speaker. Alex told us about his personal journey and how he is now financially independent following the six years of investment in property. He even showed us some of the pictures from the trips he was recently on and pictures of his family. He covered some of the factors behind the constant demand for housing such as the number of properties built over the last fifty-year period vs population increase. There were a few interesting graphs, which showed the property price increase over a similar period. This part was interesting as I am hopelessly in love with the graphical representation of data, however, it was nothing new to me nor was it surprising. Brexit was mentioned in the context of crisis which come and go such as the 2009 housing crisis suggesting that we may have a dip in the property value. The value of investing in properties was compared to saving in an ordinary savings account. The investment in index funds or other equity was not mentioned even though a line from Mr Warren Buffet was used in the presentation.
Alex then moved on to speak about some of the content covered in the course, including the working of the deals, selecting properties, multiple exit strategies and calculating return on investment. He also covered different types of properties such as HMO, residential and change of use properties.
He assured us that the deals used in the course have a minimum of five exit strategies, which sounded great.
The overall event had a theme of the life-changing potential of the investment.
As I was sitting there I could feel my scepticism slowly disappearing and turning into curiosity, I could feel being drawn in as the time went on. I would occasionally look at my watch to make sure that I am prepared for the final sales pitch, which was very smooth. Transition from who is serious about changing their lives, who is the serious person in the room and who is today going to sign a piece of paper stating that they sign up for the £997 three days course was incredibly smooth with a little of FOMO (fear of missing out) thrown in throughout the session.
The course offered did sound like good value. Three days of intense training and lifetime phone support with website resources is not at all that bad. My frugal self would however not part with that kind of money for this. I am a firm believer that by reading books and listening to all available online resources you could gain similar or better knowledge
I believe the value in courses like that is in their structure and logical path.
If you ever attend one of those workshops keep your guard up as you will be drawn in to make the purchase. I would advise sleeping on it before making the decision.
I am very glad that I attended this workshop/sales pitch. Only around thirty minutes of that presentation was of good educational value, but it was worth it. It was an interesting way to spend Saturday morning.
My name is Witold, but I call myself a frugal alien on this blog. Why? Because I feel like one when talking to people about personal finance. I write about financial independence and ideas surrounding it whilst embarking on that journey with my wife.
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