Anyone done his course "Property Investment Accelerator" or part of his FB Group? Curious if they found it useful
I assume he charges everyone diff amounts as he does not have a price on the website?
https://consultingbypk.com.au/course/
I do admit his videos are educational so tempted
Obv you are right but the chance of me buying a house in SYD are 0 so it makes sense to learn how to buy houses in other cities.
So your response to the "chance of me buying a house in SYD are 0" is to make people living in other cities chance to buy "0" as it is okay for you to do the same to us as what others have done to you
Sorry for the confusion, my response is "Today I cannot buy a house in SYD, maybe I should learn to invest in Regional AUS so maybe one day I can afford to buy a house where I would like to live e.g maybe SYD.
I feel like there is no reason to bring hate and sabotage the thread with your personal feelings on investment property. Any property investor bears credit, interest rate, regulation, tenant risk and puts in sweat equity. Each is to their own but last I checked it was not illegal to buy an investment property.
I may be biased but it is probably net net good for AUS to have more property investors as currently, AUS has a rental crisis due to high incoming migration, low supply and higher interest rates.
Also the concept of "housing need as a vehicle for financial gain" is a bit delusional. Besides monetary value, how will you determine who gets a bigger and nicer house? One could say family size but that will just create the wrong incentives.
Obv you are right but the chance of me buying a house in SYD are 0 so it makes sense to learn how to buy houses in other cities.
Its not obvious at all.
In fact he is dead wrong.
Property has been an established investment vehicle for centuries, and in the last several decades the domain of middle class mum and dad investors.
The notion that it is a need therefore should not be for profit is absolutely stupid. Wouldn't this mean that I deserve food and water should be at cost price only?
Property is no different from Shares, bonds, gold and collector cars, its something of value you can buy and hope it will appreciate. Its only these 'people' who assign emotions to things that make it un-necessarily complicated.
We get it, things are finite, if one gets it another misses out. Its called Life.
Property has been an established investment vehicle for centuries
Yeah, thanks to serfdom and slavery.
Property is no different from Shares, bonds, gold and collector cars
LOL
The only one who's investment/wallet is accellerating is the one selling the course.
v true. apparently, he charges like $6k lol. I wonder if he has faked all his reviews because can't find many negatives which is oddly sus or me being paranoid
If they'd really made enough money in Real Estate they wouldn't waste their time on this.
Reminds me of the learn Forex from an expert pro to become a self-made millionaire in no time! Only $995 course. Even Forex expert millionaires need to pay bills apparently.
There’s some guy named Chris Choi who has supposedly done well for himself (if you consider buying houses, renovating them then converting them to AirBnbs admirable or revolutionary, some people do) and he does the same thing, i.e. selling courses.
I don’t expect these courses would have much value and would be full of common sense advice. Same if you’re experiencing money issues, the first thing a financial planner will advise you is how to budget.
There is always time for another grift
the real winners are the ones who go on to the $15K MasterMind course, then for another $30K may get invited to join the elite Black Diamond Group etc…
If it's anything like just about every other course out there, it will be borrow as much as you can and constantly refinance/borrow more based off increasing property values to amass some great portfolio and hope that the rental income (plus your own employment income) is sufficient to cover the interest costs and other "hidden" costs of property ownership.
No, no, no…….if his method is so good..why doesn’t he just do it himself, and avoid the hassle of training others….
Why don't the big 4 just buy up all the properties instead of giving out homeloans??
A quick free macroeconomics course would teach you why.
Because they know it's a terrible "investment" ;)
Just watch some scam busting YouTube videos made by Coffee about these property and get rich quick investment gurus. The only person getting rich is the person who is selling the scamcourse.
right on, coffeezilla is the man! also this bloke is hilarious - https://www.youtube.com/@MikeWinnet and has a very interesting backstory of building a biz purely for $$$ then selling and now doing whatever the fk he wants!
I’ve done his course, it’s real good. You should buy it. Let us all know how it goes after.
are you for real? How much did you pay for the course?
Mr Gupta was very kind and after I told him about my monetary problems he allowed me to only pay $5999 for the course.
thats incredible kindness, I have heard through many very successful and honorable businessmen that this course has at least $19,999 value!
@buckerooni: :O I did not know that. I must call Mr Gupta tonight to indeed thank him for his generosity. Maybe I will fry up some samosas in honour of him.
Clearly sarcasm is a strength
So I haven't done his course, but I have been following him and just today listened to a podcast with him. I really like the guy. I'm a bit further along in my investment journey so his service isn't for me…but he strikes me as an incredibly smart, humble and reasonable guy.
One-off fee of $6,197 only !!
And you have to pay for your own data source. If you know basics on how to use RP or similar data source it's not worth it. Good amount of time on available real estate forums is good enough.
This course dragged so many folks because of recent real estate boom. Nothing else.
Which data source are you referring to?
Never went for these course ever. All knowledge is free on the internet. Look for it. I cringe when i heard a friend of mine paying thousands for a trading TA course.
Hey mate I work for a company that helps clients build property portfolios (some would call us a buyer's agent but we truly have evolved to be more than just helping someone buy a singular property). I watch PK's videos as well. For the most part they are quite educational and the data he shares is very in line with the data and research that we are seeing ourselves, so it's interesting to see how others in the industry are approaching property/locations. I haven't personally done his course, I would guess that it probably is quite valuable. My job is basically doing what he promotes his clients to do on their own except I do it for our clients who pay us a fee for the service. In my opinion it wouldn't be as easy to just go out and do it on your own as he makes it out to be. It's definitely doable and I give him props for helping people learning these skills as its something that resonates to me as well (hence my line of work). I can definitely see situations in which his clients will make critical mistakes as there are so many different variables that have to be taken into consideration that 1 person (esp a very green person) would find it very overwhelming to make critical decisions in such an environment. To put it into perspective there are at least 4/5 people involved in each of our clients property acquisitions and our experience eliminates potential mistakes that could occur.
Thanks but I don't believe in using buyers' agents. Might consider it when I am Luxe Listing rich
All good mate, each to their own. Good luck with your portfolio.
I think the only one becoming Luxe Listing rich is Mr Gupta.
Can you say roughly what sort of fee structure is involved for your service?
Hey mate, I will be upfront and say the fee is considerable (looking at 10's of thousands). In saying that in the grand scheme of things the best way to view it is as a cost of acquiring a property such as stamp duty, LMI, property management fees or insurance. Everything is factored into the property acquisition including our fee (also would like to note we take no commission or any form of kickback from agents like some buyer's agent, there are definitely sharks in the industry). Once you get started in building your portfolio it gets easier as you can draw on equity from subsequent purchases to fund new purchases (as long as you are buying in the correct growth areas of course). Many of our clients and myself included have purchased multiple properties last year and plan to continue to do so. The reality is that to purchase good investment properties on your own is incredibly difficult and for most you would need to dedicate your full time to do it at a successful level. We have over 70+ employees dedicated to this line of work so I hope that gives you some perspective.
About 20 years ago, Melbourne based housing Investment spruiker, Henry Kaye was flogging similar.
He modelled himself on Tony Robbins.
Then had a seminar in Sydney, sold 1,000 tickets at $15,000 each, and made $1,500,000 for a night's work.
I'm sure all the attendees would have made at least that much, causing the housing bubble.
and apparently the law misinterpreted Henry's good intentions
Name itself is red flag to me
Hey @jackking the price of the course is on both these pages of the website. It’s the same price for everyone:
https://consultingbypk.com.au/course/
(Check the tables on that page)
https://consultingbypk.com.au/faq/
We like to be transparent.
In terms of some people saying that I haven’t walked the walk, so to speak: my portfolio is all over YouTube, podcasts as well as mainstream websites like Realestate.com.au:
https://consultingbypk.com.au/in-the-media/
I get it, real estate and courses specifically have a real bad stigma.
But do your due diligence, talk to past clients - DM them (they are all tagged in deal posts on the FB group of over 25,000 people) and many are tagged in this page of the website:
https://consultingbypk.com.au/recent-deals/
There’s also almost 100 client interviews on the YouTube channel playlist:
https://youtube.com/playlist?list=PLadm7vXHk3wK8Z8EsaRSGupmp…
But I get it, trust is hard to build.
Some people will always say google reviews are fake and client interviews are paid actors.
So just take your time and if you don’t vibe with what I do, then go in another direction.
All I can say is this isn’t some new shiny method, it’s data driven and the process have been proven by over 1,000 clients over many years - which again, you can verify for yourself.
All the best!
PK
Omg Mr Gupta!!!! My hero, thank you again for the course, I enjoyed some samosas last night in your honour and they were very very good. Namaste.
save your money, investing is not that hard if you don't fall for get rich quick scheme with whatever XYZ
there is no secret way or accelerator or special formular, good old fashion money principles that been around for thousands of years
is all you need
these guys are out to line their own pockets.
Investing is about keeping your cost down as much as you can and not paying for courses and other crab that filled everyone else's pockets but your own
so, if you into buying houses, you cut out the courses, seminars, XYZ want to charge you for certain strategy, you cut out the buyer agents,
you find the cheapest loans etc..
if you buy shares, you find the cheapest brokers that are backed by CHESS and have government depositor guaranteed, you cut out shares course or trading course
you don't pay for anything except a few bucks for each share parcel you purchase etc…
everything you need to know is already written in many books and most are available free on the internet
every thousand you save is your extra thousand earned and it enhances your return on investment
Not sure if anyone saw or attend course.
I felt it's just like a tutorial on how to use DSR data. Nothing else and nothing new. Rest of the factors are generic things on how to talk to property managers and agents.
Not worth it for any serious investor. $7000 is not asmall amount in real estate investing.
I also doubted initially, but later found out the return on investment from his course is priceless! It's well structured, easy to understand and comprehensive. You get weekly mentoring sessions, lifetime support, recommended contacts, updated course material at no cost, and access to a large community of like minded individuals. Also love saving 15K+ in BA's fees everytime!
What exactly you understood different which you won't get from some homework? DSR data itself is comprehensive enough.
He knows the founder and data scientists so is able to provide clients with advanced data insights. All the above makes the course invaluable, plus following PKs content dilligently means course fees can be made back many times over. Gateful I invested in it.
Did you take the course?
Yes.
Any update on getting this course or not
I've done the course, I liked it because I didn't have some of the fundamentals required. I'd argue it's pretty hard to figure out data points such as the below;
Lots of other things to consider.. but some people on this forum look very confident in their ability - and if they've done well, then kudos to them.
@TEKBIR difficulty in calculating those data points — is that a reason for or against doing the course?
Thanks
Crunchy
It doesn't take too much time or effort to know how to calculate these data points
Hey mate
Took my time and finished the course, which taught me a lot of new and valuable information. Bought my first ip few months ago with a tenant already in place. Rental yield going up from 5.9% to 6.8% soon. Neighbours house two houses down (very similar) sold for 30K more than what I paid; after only one month. I am also getting depreciation benefits as well, PLUS, I am able to claim back the course fee through my accountant. Hope this helps!
I also got it last week. I will dm you
@rexanator619 can you DM me? Just would like to ask some questions about your experience with the course if possible.
Thanks
Not sure how to DM on OzB mate. Feel free to ask here.
@rexanator619: Hi Rexnator, I am interested in this course - will you mind to share if the course provides strategies cater to your own personal situation or a general approach to financial freedom without understanding the risk/appetite of your portfolio.
@juliusceasar: The strategies can be tailored for your personal situation since you are in control of risk level. The course is comprehensive and PK articulates the info well enough to make you an expert to rinse and repeat and grow a quality portfolio.
I bought the course and so far it made me aware of so many aspects that i most probably would have ignored and regret later. Whether spending 6k is a matter of consideration specially when you are saving for property purchase being in a financially difficult position, but if you have long term vision, the course would surely pay off the cost itself.
hey @jackking - just checking in to see if you have done the course :)
Did not. what about you?
I took the course and it was really useful for me. There are a lot of things that can go wrong if you don't know what you're doing, but the course puts everything together so that you can feel confident doing it on your own. The price is the same on the website.
Two things that really stump me: I understand the initial scepticism of not having trust, but when someone shares that much information on a daily basis for years, then alone shares clients' results almost daily and tags them so you can ask them yourself and still call it a scam? These are the people that will be left behind.
Secondly, it really stumps me when people want to spend hundreds of thousands of dollars on 1 property, then alone the cost of amassing a portfolio, but don't want to spend money on education (whoever is that education provider is) to make sure they don't make a mistake.
Anyway, I took the plunge, and I'm GLAD I did. I purchased four properties, a decision that has proven to be exceptionally rewarding. Despite fluctuations in interest rates, these investments have remained robust, and I've avoided having to pay someone each time to buy me a property. The initial cost was a small price to pay for the gains and financial security these properties have and will provide.
I see a few have said they spent $6k and did the course but none have actually mentioned what they learned which I find weird.
What did you learn that’s so valuable ?
I think PK's course covers the topics required to set any layman's foot into the property market. It prepares you well in gaining the necessary information and confidently develop the realty skills as the process is well explained. The course also takes you through the hidden reality of the property market. I don't think I'd have ever learnt so much and I'm glad I did it!
I learnt so much from long-term strategy and how to take action in the present, cash flow, tax setups and structures, renovation, property selection, negotiation, independent valuation - heaps…The biggest thing is suburb selection - how to identify a suburb before the masses; for example, I personally bought in Adelaide and Perth around 2021, and this keeps happening when the masses come flocking 12-24 months later, and I've already locked in some healthy equity.
Hey Lowry…really glad to hear the course has helped you out and you've got such good results from it - indeed buying in Adelaide and Perth back in 2021 was a great move!
I'm considering buying the course, but I've already done a bit of learning in this space and am trying to figure out what's in the course…specifically when it comes to suburb selection, but the detail on PK's site is super generic e.g. "How to analyse data so you can get a solid understanding of capital growth triggers and identify suburbs that haven’t yet boomed in value"
Someone else mentioned that he gives a tutorial on using the DSR site…
Without infringing on PK's content…are you able to shed some light on what else is in the course in terms of suburb selection?
(I get the impression its from using all publically available data anyway…so sharing which data points are recommended, shouldn't be an issue I wouldn't have thought i.e the value of his course no doubt is in showing people how to interpret the data)
Hey Keen2Learn,
Thanks, man - yeah, Adelaide and Perth have really set me up well!
Ideally, we aim to find growth suburbs that also provide solid cashflow. The whole idea is based on understanding the balance, or imbalance, of demand and supply, and when we work through the course, we use about 35 factors to qualify or disqualify suburbs. Things like stock on market %, days on market, rental growth %, building approvals %, average discounting %, developable land supply, job advertisements, mortgage affordability etc.
PK explains the science behind it the 35 factors, but essentially, each of the 35 factors has 3 points - the threshold of the factor, the trend of the factor and the weighting of the factor. The result is we find suburbs where demand exceeds supply and price rises.
Hope this helps
I have brought the course and can say it made me aware of number of things to look out for while buying a property, where I can find he data…
The course if self paced, you can repeat it number of times you want… gives you logic. I think the course is worthwhile… there are many who buy the course and still proceed with buying property off Buyers agents ($15k fees) but this course gives you enough knowledge if you want to build multiple property portfolio then you can do it by yourself…
It gives you the framework, then it is upto you to either follow or not to follow the framework… 35 datapoints, you have the option to go easy or hard on either of those data points as at the end it is your choice. Most people have been better off with the course as they have got good returns in last few years in the market…
If there's one thing we need to stop doing, it's using a basic need as a vehicle for financial gains.
Australia's economy is just perpetuating it's own problem.