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Ever since reading 'Money Secrets of The Rich', I've been a huge fan of John Burley.
Recently, John came to Australia to spend some time with some private clients at a closed door investing and lifestyle summit seminar on the Gold Coast.
I had the privilege of speaking with John in this interview, where we discuss the fundamental principles behind negative gearing, property investing trends and strategies, and ice cream (as an analogy for investors)!
TRANSCRIPT (extract) - get the full transcript at http://www.westloh.com
Interview with John Burley
West: Good day, folks. I'm here with John Burley. We're very, very privileged to have him. Welcome, John.
John: Thank you.
West: John has obviously spent some time with us here at the Lifestyle Summit. We're here at Royal Pines on the Gold Coast. And John was just giving an awesome presentation to our early group of traders. But for those of you who haven't heard of it, John has been associated with some big, big names in—you may have heard of Robert Kiyosaki and Donald Trump and many other big names—and they've all come to John to basically get some of his expertise. But I want to hear you, John, for about twenty seconds and just tell people what you do and how you help people.
John: Yeah, I'm primarily a Real Estate Investor. I've been doing it twenty eight years. I've done over 1200 property transactions. So I live in what I call the 'real world' rather than just seminar land.
West: Exactly.
John: And so what we teach is just spot-on reality; what's going on today. I mean, a lot of what we're talking about is, you know, the changes in the marketplace, the changes with interest rate. Certainly in America, we've had this humongous crash, I mean the greatest crash since the 70s or the 30s, depending who you talk to. And so by just looking at what we do specifically different in a down market, first the regular market and up market, and it's all based on reality what I'm out there doing every single day in our business. Because still, to this day, I mean eight percent of my company, what we do is not just education. Eighty percent of what we do is actually investing. And it's what we do for a living.
West: That's such a big difference from a lot of the other companies who just train you and then just kind of leave you.
John: Yeah. I got tremendous respect. There are so many great educators out there, you know, and I admire them. But you know what? A hundred, two hundred a day to year, all over the place, teaching all time...
West: They're not doing much investing, are they?
John: You can't do much investing and that's a lot of work but it's not what I want to do in life. So I prefer, actually, to make my serious calling investing. And educating is just...it's a lot fun. It's a way to get back. We make some money doing it. Although so many things we do, like the book Money Secrets of the Rich, we actually give a hundred percent of the proceeds from the book to charity. I don't keep any of it. You know, I always looked at that like that was a gift to me from God—all these information—so I just share it.
West: And you know, I have to say, I was telling John about the original grain-covered version.
John: Yeah, yeah. I got a couple of those.
West: Mate, you know, that's one of the books that sit proudly in my library. So this is a fantastic book. So John, why don't you tell us, like the essence of what you shared with us in the seminar out today?
John: Yeah, what we talked about was great. We talked about how in the United States we've got—you know, things that aren't really, really lined up, which is what I call a perfect storm. We've got huge foreclosures which leads to massive negative emotion, massive negative sentiment in the marketplace. Which, of course, means great, great discounts and great, great deals. And literally, we were just talking about real, real property transactions that we do. Houses that used to sell for 240k, 250k, they retail for about a 125K today and I'm buying them in the $60,000s—for real—regular deals that we're doing right now on the street. And actually, a lot of Australians that will be working with us, doing those deals as partners.
(end extract)
Full transcript http://www.westloh.com/2010/10/video-interview-with-rich-dad-advisor-and-prop...
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Real Estate Strategies that make you Ultra Richby RoyalsEstate1,239 views
John rocks. I've been two of his events. He's the real meal deal.
geekonese 4 months ago