If you read the news media, you’ll see that there’s a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. One event recently attracted over 30,000 people, with Donald Trump as the headliner (like he knows anything about buying a duplex.
So, how do you tell the good from the bad? Well, first let me comment that I believe there is very little truly “bad” info out there. The difference is mainly price and quality of information.
Here’s some things you should consider when determining whether to invest in a real estate seminar:
1. PRICE — Be leery of very cheap or very expensive seminars. If the seminar is free, it’s because the promoter wants to sell you something. It costs the promoter thousands of dollars to get people into a room, so expect a hard sales pitch. If the event is more than $1,000/day, you should also be concerned, unless the admission price includes follow–up training or substantial materials. I’m not saying that $5,000 boot camps are all bad, just make sure you’re getting what you are paying for.
2. CLASS SIZE — If you are paying $5,000 for a boot camp, you should expect a small class size. If not, you are likely overpaying, since you won’t be able to ask questions in a large group format.
3. TEACHING ABILITY — Some gurus are knowledgeable, but are bad teachers. Make sure you have heard the speaker before or ask other people who have attended. There’s nothing worse than paying to listen to a boring speaker or one that can’t convey a topic in “plain English.”
4. VALUE — Let’s face it, some products are expensive because you believe they are worth more. Good marketing makes you believe “Bayer” is better than generic aspirin. Before you pay thousands of dollars for the “brand name” seminar, look into a cheaper version that isn’t being marketed on T.V.
5. THE “PITCH” — Although as a rule, the cheaper the seminar, the greater the pitch for other products, some promoters do nothing but pitch, even at $5,000 boot camps. Ask other people who have attended the seminar to determine the teaching to–product–to pitch ratio. There’s nothing wrong with a promoter offering products and services at the less expensive seminars, but it’s borderline insulting to have a non–stop sales pitch when you are paying $1,000 a day or more.
6. REFUND POLICY — Is there an open refund policy? This is VERY important. Ask up front. You should be VERY suspicious of any seminar that does not offer a refund policy.
7. ARE YOU SERIOUS ABOUT IT? — No matter how much or little you pay for a seminar, it’s all up to you. No diet works without exercise and discipline and no real estate investing technique works without your hard work. If you are just beginning, stay away from the expensive seminars until you are sure it is for you. Start with the $500 or less variety, let it sink in, then consider more advanced seminars when you have done a few deals. Once you start making money, you should continue investing in your education, since your return will be well worth it. If you are the type who has been to seventeen seminars and haven’t done a deal, consider this:
“The Fault Lies Not Within the Stars But Within Ourselves”
Real estate investing will make you a lot of money if you learn the techniques and apply yourself. The bottom line is that education will help you avoid mistakes and learn new ideas. Read books, go to seminars and learn from other investors. Your best investment is in yourself.
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Fox News Polls: Dems Make Gains as Republicans Hang Tough in Battleground States
With just seven days until Election Day, Democrats are picking up support on their home turf, as Republicans look to hang on to deliver upset wins.
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Republican nominee for Pennsylvania Senate seat has seen his big lead disappear0:00:12 . control. It will come down to a handful of tight contests like West Virginia where popular democratic governor Jon Manson - a close race against Republican John - We'll have more on dot battle shortly. And . 0:00:43 . basically disappeared. You - ahead for months back on Labor Day. The real clear politics average of recent poll showed two up eight and a half points 45%. To 36 and a half. But now the latest real clear politics average shows - with a lead of just two points question. . 0:01:30 . disappear as we've gotten closer to Election Day are Democrats in your estate and and other states coming home. I'm not sure about that I think there's tremendous enthusiasm and energy on our side I'm . 0:06:30 . that's - we get revenue for the government. You're right that the real problem is the spending side and look at what we've done after almost fifty years in which federal spending averaged about 20% .
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America's Asking: Answers to your election question0:00:09 . at George Washington University. Larry zapatero is director of the University of Virginia center for politics. Peter Marie C was chief economist at the US international trade commission now a business professor at the University . 0:02:54 . say ten days of the election also happening America kick - avenue West Virginia right here. - It West Virginia it again it's negotiable but that would be one as well because that was an appointment. You know we'll see what happens . 0:03:45 . suspenders today. Ha ha ha - fingerprint these years. But pleasant - real indicator anyway. Peter here's a question for - what's happening with HR that's house house resolution 46 of 46. The transaction tax. . 0:08:08 . for those 8000 regional banks that don't have enough money burdened by real estate that. - coming - along too small and medium sized businesses the talk was supposed to do that is that it was .
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Millions of Americans from North Carolina to New England keeping close eye on hurricane0:01:38 . serious I think it's a serious side hurricane that it can get real dangerous in - hurry. So - take a chance it's not very conducive to. One more efficient - and two our children . 0:01:56 . Around I'll run a real estate company and we got 500 parents take care of today including - We're gonna. . 0:02:13 . closer it would certainly be worse team fox coverage tonight Steve Harrigan Virginia Beach. - steady live in - in Chatham mass for us Rick right we have - extreme weather center first to Kill . 0:04:05 . the hour beaches were open this morning. They're now off limits in Virginia officials - activated 200 National Guard members for possible operations. And didn't - spokesman says crews are on standby in case they have to move the giant warships. That are not blocked at the nor Norfolk naval station. - that probably won't happen. One of the spots that could get some of the worst of the storm is Virginia Beach it sticks out a bit into the ocean just above the North Carolina State line. Steve Harrigan live there in Virginia Beach right along the coast Steve how to look at. .
