Kendra Todd Seminar/Sales Pitch
Went to the local real estate seminar last night. The speaker was Kendra Todd, winner of the 3rd “Apprentice” TV show hosted by Donald Trump
She quoted some statistics saying that 36% of all home sales were 2nd homes. She touted that as a good thing, however I see that as a negative. With raising interest rates, the number of buyers might dry up leaving a lot of people holding houses that they can’t afford and can’t sell either.
She was also promoting plane tours. Some of you may have heard of bus tours. Well she was taking groups of 30 investors on a plane tour. For $299, you fly from LAX to Pheonix and she shows you exclusive properties for investing in. By exclusive I think she means those 120 units in a 360 unit complex where the builder was throwing in 6 months with no mortgage payments.
She may be a really good sales person and much richer than me, but I don’t think the stuff she was promoting was investment grade. I can find much better stuff on my own.
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June 9th, 2006 at 1:51 pm
Very interesting..
How do you find out about these seminars?
but ya personally if it is an apartment/condo conversion I wouldn’t invest in it.
June 10th, 2006 at 8:59 am
Great post!
I find the Apprentice TV show entertaining, but I don’t think the jobs they get are all that glamorous…
October 20th, 2006 at 4:07 pm
kendra’s just using the Apprentice glamour to push her inventory. she’s still just a sales agent!