BiggerPockets

This topic is started based on another by our BP founder Josh D. in regards to the BP store. It was asked what us members would like to see added in the BP store and one of my suggestions was to add pay per view webinars of REAL education.

Here is the thought: Many people/investors (both newbie and seasoned pros) find it easier and more effective to learn something by doing or experiencing. This holds true not only in RE investing, but anything we learn. One of the problems is, how do we DO and avoid the costly mistakes which are so prevalent when on our own?

One possible answer is to get to see, ask, and do right along side a real investor who is doing exactly what you want to do.

If BP could provide a pay per view webinar with a teacher(s) who can instruct in fine line detail, with a real transaction as a sample, answer questions, and possibly even provide photo and video clips of exactly how to do a specific deal using a specific strategy, would that be worth say a $59 affordable cost? And when I say teach, I mean what to say, how to say it, what to do, where to do it, how to do it with, etc etc etc etc.

If you think so, provide a vote for this post and make your replies. Perhaps if there is enough interest in something like this, it would be worth the effort of Josh and company to pursue it.
It is up to all of you BP members! Vote and post now and pass the word on about this thread to all your colleagues. Lets get a large sum of responses here! :wink:

Will B
Nationwide

Depends. Many of us all already blogging on actual deals completed etc. This is only a one way communication. If the webinar was an open line where questions were asked, it might give more info, but in turn would be difficult to control, imo. Rich.
p.s. I didn't vote, because of the unknown method to be used.

For $59 that would be an inexpensive education.

Got my vote!

I'm with James on that one. Well worth the price of admission. But the upsell webinars are always free anyway.

I also agree with the no upsells (I think almost everyone else would too). A webinar is certainly a start in the right direction, but what about an actual mentoring program? I know several of the people on here already do something similar.

I'm not sure exactly how it would come to pass, but something along the lines of a student actually goes out with the mentor to talk to people, research deals, talks on the phone, etc. Something like on the job training. When I'm training someone at my job, I show them once or twice and then monitor them doing it a few times. A service like that would be invaluable.

Of course finding people willing to mentor and finding students that are not time wasters is another story...

Webinar is great and possible archiving access of webinar and Q & A at a later date.
Of course this would involve a fee to bigger pockets to access the archived file for playback!

I like the idea of an informative webinar given by a proven investor with no upsell ... and how about those who've upgraded to a PRO account get in free or at some discount - might get a few of us (including myself) off the fence about upgrading.

Who needs webinars? I know EVERYTHING...uh...yes, that was a joke..

Ok ok, you get a vote

U got my vote..

Originally posted by nationwidepi

Here is the thought: Many people/investors (both newbie and seasoned pros) find it easier and more effective to learn something by doing or experiencing. This holds true not only in RE investing, but anything we learn. One of the problems is, how do we DO and avoid the costly mistakes which are so prevalent when on our own?

One possible answer is to get to see, ask, and do right along side a real investor who is doing exactly what you want to do.

This is great in theory, but is generally part of what doesn't work with conventional REI courses/bootcamps/etc...and why the success rate is so small with the conventional stuff.

What I mean is, what is it exactly that you want to do? An investor that is willing to teach someone their investing style is teaching what works for them. It is not as simple as laying out the plan that works for you and then have someone else do it.

Part of the process of becoming successful as an investor or any kind of business owner is understanding what you want to do and be. Find what you do best and get better at what you don't do well or bring in someone with that skill. If you are the type that would rather bring in an expert that make cold calls or create a marketing campaign or manage property or fill vacancies or all of these or whatever else and the person you are learning from is a complete and total do-it-yourselfer, I don't care how motivated you are, the person teaching you won't make you a successful investor. The opposite is true, if you are learning from a person who delegates everything and you are a control freak that needs to do everything, your success may be limited in learning from that person or course.

Originally posted by nationwidepi

If BP could provide a pay per view webinar with a teacher(s) who can instruct in fine line detail, with a real transaction as a sample, answer questions, and possibly even provide photo and video clips of exactly how to do a specific deal using a specific strategy, would that be worth say a $59 affordable cost? And when I say teach, I mean what to say, how to say it, what to do, where to do it, how to do it with, etc etc etc etc.

I think a great first topic would be what do you want to do and why.
Spending money on investing education without having an idea of why you think you want more money or income and identifying what sacrifice you are willing to make to take action is a waste of time in my opinion.

Getting involved in real estate investing takes sacrifice, it may not be a big sacrifice, but it is a sacrifice nonetheless. Are you willing to make the sacrifice to try and make an investment with the expectation of a return? Are you willing to make the sacrifice to not be home every night with your family? Are you willing to make the sacrifice that you might not be able to go out with your friends, or that you will miss the latest xyz show on TV on tuesday nights?

Anyone that is not happy and is broke that gains some success, will be not happy when they get money. In my book happiness is more important than the money and because society tells us that money and happiness are related, we buy into it. The truth is there is no relationship between money and happiness, they are independent.

All this to say can really be explained in a nutshell "Focus on the What and the How will take care of itself."

Good Investing