We attended a one day seminar. Lots of interesting info. We were excited to learn we could make a lot of money in real estate and quite possibly on our first investment.
We signed up for the three day seminar and we expected to make an investment and recover the seminar fee of $2300. They showed us testimonials of people on welfare making substantial profit from their first sale and being able to continue to profit.
The seminar was informative if you were a professional. However most of us were beginners in Real Estate Investing. It got pretty complicated and information overload.
Nothing really concrete to follow to go out and purchase our first investment property. They said we would have mentors however that was for after the seminar and not during the 3 day seminar to buy property.
Then came the closers. These were professional real estate investors that suggested we purchase the Las Vegas Advanced Package for $40K. [continued below]....
..... It included a trip to Las Vegas at a boot camp property buying excursion. We would stay at a fancy hotel, take a tour to purchase properties and get more instructions.
Even though the salespeople were not high pressure, it was still pressure. We really wanted to get into the Real Estate Biz and this was it.
After coming home and having time to think about everything we felt very ripped off.
We did not have a step by step guide to real estate. The books and tapes they gave us were not of much use. There were constant upgrades to use more modern tools on the Internet. We would like our money back. All the staff was friendly and nice but we are still out money.
Scott McGillivray was supposed to be Canadian but all the tools and training and advanced packages were US.