Should You Attend a Property Seminar or Hire a Buyer’s Agent?

[arve url="https://www.youtube.com/watch?v=y5ZLnwYEhO0" mode="lazyload" align="center" /] What is going to be a better investment of your time and money? A property course, seminar or hiring a buyers agent? Book A Free Strategy Session with Pumped On Property Resources Related To This Episode How To Do Suburb Research How To Find Positive Cashflow Properties Ultimate Guide To Renovations Course with Jane Slack 2 Properties To Financial Freedom The Problems With House And Land Packages Transcription: For a lot of property investors, there may come a time where they feel like they need some help to take them to the next level in their property investing. That might be the kick them out the bomb to get them to buy that first property, or maybe they've hit a wall and they want some help moving forward to grow their portfolio, but is it better to spend that money on a property coach attending a seminar or to actually go ahead and hire a buyer's agent? These are all really expensive options, so it's important that you know which options best for you before you go ahead and pay the money. Hey, I'm Ryan from on-property dot com dot EU. I help people invest in property and achieve financial freedom and that's what we're going to be looking at in this episode. Whether or not you should hire a property coach, attend a seminar or hire a buyer's agent. So what we're gonna do is we're going to look at what each of these options are. Then we're going to look at some of the pros and cons of each of these so you can make a decision for yourself as to what you think is worth your money. If anything. Okay, so let's have a look at an overview of what these things are. So property coach, look, to be honest, there's not that many property coaches out there, so maybe I shouldn't have included it in this video, but a property coach to me would be a mentor. Somebody that you would sit down with, you look at your personal situation, look at your financial goals, and to help walk you through exactly how to achieve that as well as keep you on track to say, okay, what's the next step for you? What do you need to do next? And then check in with you. Have you done that step? So the only property mentors that I've seen out there where you've got your free strategy sessions with pumped on property where they do that sort of mentorship model in a smaller way, but the other mentors I've seen out there, the kind of mentors, but then they're also trying to sell you new build property that they make a commission on, which I believe is kind of like a conflict of interest. So in terms of coaches and mentors out there, in terms of paying for them, I don't think there's that many great options that I know about. But I do know that a lot of people get property coaches and mentors for free. Just people in their life who have already done it and achieved it. You've also got seminars or courses, so seminars or courses generally costs in the range of maybe one or $2,000 up to five, maybe even $10,000. And so this could be an online course where they take you through a high level concept and how exactly to implement that concept. So this could be something like Jane [inaudible] Smith's course on the ultimate guide to renovation, which is a great course on how to make a profit through renovating property. She goes through everything from selecting the right suburbs and the right properties to different types of renovations and how to implement them. So that's quite an expensive course in the thousands of dollars, but there's a lot of great content in there. There's also a community around that as well to help you. And so there you have online courses. Seminars are generally in person events that you would attend. These are generally, again, thousands of dollars, 2000, 3000, $5,000, maybe even $10,000 to attend a seminar, which might be a couple of days or could be a week long where you sit in a room with a whole bunch of other investors. People go on stage and they'll talk through different strategies. They'll talk through lots of things relating to property and how to implement those strategies. And then you've got on the flip side of that, you've got a buyer's agent. So a buyer's agent is someone that you hire to actually do most of the leg work for you. So here in Australia when investors purchase property, the majority of the time they don't have someone working with them. There's a seller's agent who's selling the property. But as the investor, you're dealing directly with the seller's agent in order to negotiate and buy that property. You're doing the research, you're doing the inspections, you're negotiating your buying the property. A buyer's agent is someone that you would hire that would do all of that for you. So they would select the suburb, they will find the good properties, they would inspect those properties, and then when it comes time to it, they would negotiate with a real estate agent on your behalf and help you settle on that property. So that's a buyer's agent. That's someone who does it for you. Now there's really two things to think about here. One of them is skills and what skills will you build? And one of them is what's the end result and what action will be taken. So one of the great things about online courses and seminars is that you can learn a whole bunch of new ideas. You can learn a whole bunch of new skills, so something that you might not get from a buyer's agent who does it for you. You could get from a course and for investors out there who they want to do this, they want to build up those skills. They want to become a successful investor. Maybe they want to spend their time doing this. They really enjoy it. They want this to be their career. That may be the best path for you because it means that you're going to build up these skills that you can use time and time again in order to continue to make money in property. Because really, when you look at the people who are successful in property, they kind of just rinse and repeat. They find a strategy that works for them that makes them money, and then they'd do it over and over and over and over again. So they build up those skills, which is hard in the beginning, but then they have those skills and then they know how to implement that strategy. So they just repeat it and it becomes boring. So if that sounds like you and that's the avenue that you want to take, then courses and seminars could be the best for you. You do need to be careful though because there's a lot of people out there who will attend these courses or go to these seminars but won't actually take any action. So if you're not one of those people who's really self driven, really able to take action by yourself. I do see courses and seminars as being quite risky because they can lead to extreme overwhelmed. I've seen this in a lot of people's lives. This has happened in my own life as well. You're getting so much content, so much good content that you just don't know what to do with it, that there's so many level things that you can do. There's so many awesome strategies. You walk out really inspired, really passionate, but you don't know what those next steps are. And there's so many things to choose from that you become overwhelmed. So there is a massive risk of that with courses and with seminars. I've gone through that myself when I was maybe 18, 19, I purchased the course from this guy called Robert g dot Allen for about 6,000 US dollars and I think like the exchange rate at the time was like one point three or something. So you're looking at even more money in Australian dollars. And I purchased that course which was about investing in real estate building businesses, making money online infopreneurship, which is a word that they had made up on the time. So it had all of these different aspects to it, different ways to make money. And that course for me was a complete waste of time. There were some really good content in there, but it was really high level stuff. And then when it came to actually implementing it and the next steps, they didn't really provide that for me. So they were talking about making money online through, you know, selling ebooks at the time. Because this was what, maybe 10 years ago, maybe even more than that, and they would talk about this idea, but then when it comes down to, okay, well how do you start a website? How do you use html, how do you get attention to your website? All of this sort of stuff. They didn't really teach and so for me that course was a huge waste of money. It actually wasn't because it led me down this path of online entrepreneurship, building other passive income online, which eventually led to my financial freedom about eight or nine years later and so it wasn't a complete waste of time. I'm totally glad I spent that money because it started me on this path, but in terms of the course itself, do I think it was worth the money? No, I don't. It led to massive overwhelm for me. I didn't have the next steps that I needed and so it led to me basically fumbling around and doing not a lot for the next couple of years as I tried to work this thing out. How do you actually get attention online? All of this sort of stuff. So it was a good course, but it was too high level lead to overwhelm and I see that happening a lot with people at these seminars and at these courses there's a lot of people that attend them and then they just don't end up taking any action. So I think it's good to have a gut check and be really honest with yourself. Are you likely going to be one of those people that you'll attend a seminar and that you won't take any action. You'll also need to be careful as well because a lot of these seminars have upsells as well. So you might attend a 3000, four thousand five thousand dollars seminar, but then at that seminar they want to upsell you into their 10, $15,000 mentorship program.