Ever wondered about property investment courses? Maybe you’ve thought about going into the property investment market, but you’re a little unsure of what to do or whether it’s worth it? This article is designed to help you decide that for yourself! Up front disclaimer, I’m not about to sell you a course. You can do mine for free
Where did my property investment story start?
My story of how I came into the property market began back in 1998 when I finished reading the book ‘Rich Dad Poor Dad’. Afterwards, I was so excited with the idea of property investing and I was looking to learn a lot more. The only experience I had previously was with a mortgage broker, who failed to get me a mortgage. Not the most inspiring start! Although the excitement was there, I just didn’t have the knowledge of how to get there at that point.
One day, I came across a four-day live property investment training course that I was really interested in attending. So, I got on a conference call with the trainers right away. I agreed to attend, paid the thousands that they wanted, and loved every minute of it. I didn’t sleep for the whole four days because I was so excited about the strategies that they were teaching us.
I left with a lighter wallet, and felt a little strange, almost like what they were saying couldn’t possibly be true, it was too good! I kept analysing the market and putting the strategies to use, and although I put everything into action, I went through £8 million worth of failed transactions. That really was my baptism of fire that really taught me how tough the world of property could be and almost drove me to give up.
Although I had to suffer a lot, and at times it seemed like the course was too good to be true, what it really gave me was a drive to really get into the market. It also made me perform a lot better than if I would have if I’d not attended and tried to break into the market on my own. I had confidence, and I had the drive to turn my situation around and make a success of my property investing! I’ve since built on that basic grounding to build my own unique system which has made me millions from investments across the globe.
As seems to happen to people once they’ve been successful, I felt I was called to share my knowledge with others and now I get my kicks out of seeing others succeed. Your story with me starts here, where I’m going to help you decide whether a property investment course will give you what you need to make a success of your investments.
Where are you now?
There are loads of reasons people start thinking about property investment courses but some of the most common ones are things like life changes, dissatisfaction with their work life and being inspired by some of the brilliant books out there.
Life is never a straight line, so from time to time there are major changes that come along that radically change your world view. From a sudden redundancy, welcoming a baby into the world, a divorce, or recovering from serious illness, you’re ready for a step change, so the idea of property investment starts to appeal.
Another reason I hear a lot is boredom. People are just fed up of the 9 to 5, they crave freedom and feel restricted with their current job. All these factors can have an impact on whether you want to do a property investment course.
Finally, there’s the books that change your path. For me, it was Rich Dad Poor Dad. It is a story of a man called Robert T. Kiyosaki, growing up with two dads, his real dad and a dad of his best friend (his rich dad). It explores the ways that both men had a real impact on his life and his thoughts about money and investment. This book really helped me become excited about the world of property investment.
Which is your trigger? Or perhaps it’s something completely different. Whatever your reasons, being aware of what’s pushing you to consider a property investment course is important when making the decision about whether it’s the right route for you.
What does a good property investment course teach?
You will learn a lot about the property market if you decide to go on a course. Before you decide to go on one, you need to be sure of what it’s going to teach you and how you’re going to use that information to make money. Here are a few of the things that I’d consider essential to any property investing course:
- Property market basics: If you know nothing about investing in property, you’re going in blind and trust me, you’re going to make some expensive mistakes.
- How to make money from different deals: There’s no single route into the property market and your decisions will be based on how much money you have, what market you’re in, your own knowledge and skills and the opportunities that are available when you make your investment. A decent course will equip you with the information you need to understand all the different permutations of property investment and guide you to the types that best suit your objectives.
- How to make the most money from each deal: An ok course shows you how to make money, a good course shows you how to make the most money from each deal. You’ll learn a whole system of strategies that enables you to get every single pound of profit from each deal.
- How to turn property investing into your full-time job: Something some people forget, is that if you go into the market, and are successful, it can become a full-time profession and be your single source of income. Everyone has their different motivations as to what they want to get out of the courses but always remember that if you put in the time and resources, and make the right decisions, you can make this into a full-time job. Good courses will help you map out what that looks like and when to make changes to your employment status.
In addition to teaching these things, a good property investment course should offer to teach a proven system that has been implemented by many successful investors. It should offer a support network to help you after the course and finally should operate under ethical practices.
Are there alternatives to attending a property investment course?
You’ve probably already guessed this, but of course there are. There is no silver bullet for property investing and courses don’t have the monopoly on great information. In this section we’ll look at some of the alternatives and what the pros and cons of those are.
Between the large number of great books there are out there and the wealth of information on the internet, you can put yourself together a pretty decent property investment education at a fairly low cost. That’s the upside of this approach. But the downside is that you don’t know what you don’t know, and this can make it tricky to differentiate between great advice and the kind of thing that’ll land you in debt.
Friends or Family
If you happen to have a friend or family member making a killing in property investment, they can be a great resource when learning yourself. They’re there, they’re free and you already trust them. The downside is that your situations may not be an exact match and so what’s feasible for them might not be an option for you, making their input of limited value if your goals and resources fall outside their experience.
The media works in a different way when it comes to talking about the property market. One prime example is news networks always talking about deposits, and that you will need a deposit when it comes to purchasing a property. Whereas your course leader would always say that isn’t always the case. The media talks about property mainly from the perspective of the home buyer, not the investor, so it can put blinkers on you when it comes to what’s possible.
Financial advisors are a great source of information when it comes to managing your financial position and if you can afford professional advice then definitely consider it when planning your financial future. But you can’t expect a financial advisor to have more than a basic knowledge of property investing, so they’re not a great source of information when it comes to doing the deal, only in planning for what capital you have available, what to do with your profits etc. I like to think of it like building a house. Your “house” or total financial picture is managed by a contractor (in this case your financial advisor) but when it comes to investing in specific things, you need specialists to help with those things, much like your contractor will bring in a plumber, carpenter or decorator to help them complete the job.
Property Investment Mentors
A property investment mentor is, in my opinion, the best alternative to a property investment course. You get one-to-one contact with that mentor, something that cannot be guaranteed if you attend a property training course. Something you need to remember is that course organisers will never say “don’t come”. They will recommend you attend regardless what your situation is. Whereas a mentor will be able to give you personalised advice and suggestions based on the progress you have made and the information you have shared.
When it comes to anything, especially if you want to possibly attend a property investment course, you need to make sure you measure up what you have to give to your new venture. You need to measure up the time you have, the resources and the passion. As if one of these elements is missing, it could come back to haunt you in the future. So, think carefully.
What are the benefits of attending a property investment course?
Avoiding expensive mistakes
Having the knowledge that is taught at courses, you have an advantage that other investors and also maybe even the course coaches didn’t have when they started out. They had to go out, make the mistakes, and then learn from them, to then teach others to not make those same expensive mistakes.
Building your belief
This is a big one, in terms of building your passion to really go into the market and make a great success of it! One of the main things I took away from the course I attended was the confidence and belief that I could do it. So, this is one big advantage of attending.
Contacts with professional experience in the industry
Another advantage of attending a property investment course is gaining a network of connections, connections who you might work with or who might help you in the future. It is always helpful to have a contact list of people you can call whenever you need help or advice.
Learn different or new strategies
Regardless of whether you have properties already, or are going into this new world of property, you will walk out of a property investment course with a brand-new strategy. Everyone, from the audience to the coaches, will have had a different experience of the property market. So, you will also come away with something new that you may have never thought of before that you can apply to your property business.
Networking with other like-minded people
The benefit of doing a live course, rather than a digital one at home, is the human element. Whilst you are there, you are going to be networking with many different people, with one thing in common. The passion to start a property investment business. Use this to your advantage and aim to add some of this pool of likeminded people to your network of contacts that you can use in the future
Hands on, and practical
Last but not least, the courses offer a hands-on, practical approach to learning what you need to know to be a successful property investor. Being able to be physically involved and apply what you learn can make it firstly more enjoyable, and secondly it can help you learn a lot better than trying to learn it all yourself using the internet or other means.
Are you ready for a property investment course?
The first consideration when looking at whether you’re ready for a property investment course is whether you have enough time to put to it. Live courses require full time attendance, usually over a number of days, so you may need to get time off work, arrange childcare or other similar considerations. You also want to make sure you have the time in your daily life to actually implement what you’ve learned. Knowing the theory never made anyone a penny, it’s putting what you learn into practice that leads to profit.
Having time is one thing but having limited resources will also limit the success of a property investment course for you personally. Property is an expensive market, so you need to make sure you have the initial money to be able to dedicate to it, otherwise you could get yourself in debt or find yourself with a lot of valuable knowledge that you’re unable to put into practice.
Why are property investment courses expensive?
The coaches that are teaching the course have (or at least should have!) been in the field. They’ll have made the expensive mistakes and seen what works and what doesn’t. Gaining such experience takes a lot of time, usually years. So, when you attend a course, you are taking a shortcut through those years of mistakes that others have had to go through. The high level of investment in attending a course should be made back and more through the savings you make by not experiencing those same mistakes.
How do you know which property investment course to attend?
When it comes to choosing what course to attend, there are various ways you can find which course is the best one for you.
Firstly, you can look for recommendations. Someone you know may recommend a course that would be good for you to attend. Good courses should also have a wide range of satisfied attendees that would be prepared to talk to you about their experiences.
When people have bad experiences, they often take to the internet to share their views. So, it’s always worth checking what’s been said about a course on third party sites.
You can also contact property investment industry figures to find out which courses they rate. Depending on the stature of the person, they may well not reply personally but could well have left a stock response with their PA which can be just as useful.
Why do people fail after attending a property investment course?
There are many reasons why someone may fail after attending a property investment course. Here are a few of the potential pitfalls:
- Dreaming not doing: It’s very easy to get lured in by the seemingly easy and lucrative life of a successful property investor. You need to be aware that you will have to work at it, implement every bit of what you’ve been taught and be prepared to fail sometimes.
- Time poverty: As mentioned in our section on readiness, you need to have the time to build a successful business, be that in property investment or elsewhere. “Get rich quick” merchants will always sell the idea of making millions in a few hours but the reality is you’ll need to invest some serious time up front to make property investing work for you.
- Resource scarcity: If you have to borrow money to attend the course in the first place this is a massive red flag. As is expecting to become a full-time investor with no significant capital to your name. You need resources commensurate with the scale and speed of your dreams.
- Hype-driven decisions: Some people are very impressionable and easily influenced by what others are saying, leading them to make impulsive decisions based on what they’re hearing has worked well for others. You always need a calm head and a degree of calculation when approaching any investment opportunity. What worked for someone else may not work for you.
- Personality clash: If your course leader is a charismatic extrovert whose strategies all require excellent communication and bold outreach, but you’re an introvert, then you’ll struggle to use their tactics effectively. Similarly, if you can’t stand the thought of analysis and numbers, no amount of course attendance is going to make up for this deficit.
- Lack of one-to-one help: When it comes to mentoring, it is a one to one experience. You get to talk directly to the mentor, and ask them questions, advice and more. Property investment courses are full of like-minded people, which is a big positive of attending, but this could also be a hinderance as they don’t know much more than you do. You lack the one to one coaching and individual guidance. Due to the strict time frame, course leaders simply do not have the time to go around to every single delegate and talk to them individually.
- Toxic connections: Earlier, I explained why building great connections is a really useful output of a property investment course. But conversely, if you meet the wrong people, they can completely derail your efforts. Examples include dreamers who like to talk not do, boasters who inflate their success and advise you to follow unproven strategies to sound better than they are or just plain con artists who present “too good to be true” opportunities for the novice investor.
A property investment course does not guarantee success, so always keep that in mind.
Some specific questions and answers
Should I attend a live or online property investment course?
It depends on your motives or intentions. If you have the drive and determination to sit and listen to the online course, then you can do so. Another benefit of online courses is that if you need to listen again to a certain part, you can always rewind and listen again, something you cannot do with a live course. However, a live course comes with many different people that you can speak to and connect with, whereas an online course is only one way. So, it depends on what you want and what works best for you.
I am over 60, can I still learn new skills?
If you have the time, the money, the passion and the dedication, you can make money from property investment. You can be 16, or 60, with the right attitude and commitment you can build a property investing business off the back of a decent property training course.
Can I become a millionaire with a property investment course?
The property market is a long game, and a difficult one to become a millionaire. We’d define a millionaire as someone who has a million in equity. To get to this level, it takes a lot of time, and a lot of hard work. So, if your sole goal is to make millions in the property market, you will need to put in the time and resources to make it! Don’t expect any course to take you from zero to millions in six months.
I already have a few properties, is it worth it?
Of course! As previously explained, you can already have property and come out of a course with a new strategy and new ideas. There’s no rule saying you have to use your learning solely on new investments, you can usually use a few of them to improve your current investments.
Should I do a property development or property investment course?
This is completely dependent on your motivations when it comes to the property market. If you want a regular income from the property market, then the investment course is best. But if you want a one-off payment, then property development is best.
We are a couple, should we do it together?
This is the ideal way to enter the property market. Linking back to the personality type point covered in reasons for failure, a couple can often level each other out and make more rational decisions as a team. For example, one person may be more impulsive and extroverted, so may go in headfirst into the deal and end up making a bad decision and losing them a lot of money. Whereas the other is more careful, so would be able to stop them making that bad decision. On the other hand, the careful partner may not be the best at securing a purchase, so the extroverted partner could help them by adding that charisma to the sale, to push the deal forward.
Mentoring with Sunil
As I mentioned at the start, I no longer do courses. What I love to do is to get personally involved in individual property investment journeys through mentoring. My passion is working one-to-one to help you make your dream a reality. Another reason why I love mentoring so much is because there a lot more accountability. If you came to my course, I have little to no way of making sure you actually implement what you’ve learned. But with mentoring you have full responsibility, and accountability for your actions. And you’ll receive kindly worded but firm reminders from me to deliver on that. Something that I like to call KUTB (Kick Up The Bum).
So, I hope you can walk away from this article with a little more information than when you started reading. At the end of the day, the choice of whether you attend a property investment course is up to you.