I just got spammed from someone pushing this "guru" and have a few thoughts about it.
How to sniff out the fake gurus from the real one?
Ask for PROOF of deals they've done. HUD-1 Settlement Statements of the deals they've supposedly done. If they say they can't disclose this because of "confidentiality", they're probably fake.
It's easy to understand why gurus can't disclose information while a deal is in progress, but once the deal is done there shouldn't be any problems with disclosure, especially if they are trying to sell you on their self-proclaimed expertise.
For example, Karen Hanover was a total fraud but over 100 people gave her as much as $30,000 each without checking her credentials and thousands more gave her at least $3000 each (Google her name, Karen Hanover, and you'll see how bad it got). I spoke with some of the people that Hanover said she worked with at the big commercial brokerages and they all said that she was lying. All it took was a single phone call to save $30K but nobody bothered to do that. Hanover ended up stealing well over $1 million by getting people to buy into her fake credentials.
I still get calls from "gurus" trying to sell me their programs but now I ask for proof and it doesn't surprise me when I get the standard response that they can't disclose it because of "confidentiality". From then on, I either hang up on them or, if I'm bored, jerk them around a bit before hanging up.
As of now, I've only isolated four gurus who are actually doing deals and will only consider their information as being valid and worthy of spending BIG dollars on to learn (two are in the Boston are, one is in Virginia, and one is in Atlanta). I'm in partnership with two of them on deals already so I know they're the real deals. I don't mind spending a little (very little) money to learn from the other unproven "gurus" but reserve the big money for these proven four.
Good luck. Remember, when they call you to sell you their stuff then act offended when you ask them for proof, YOU should be the one who is offended since they called YOU, you didn't call THEM.
I did mostly stuff you see in other courses but he has a broker you can use plus they will help you get money like closing cost and other cost if you do not have your own cash. They also give you 2 months support which help if you have a property you fill out a cash flow form and send it to them and they will advise you where to go from there.
I just got spammed from someone pushing this "guru" and have a few thoughts about it.
How to sniff out the fake gurus from the real one?
Ask for PROOF of deals they've done. HUD-1 Settlement Statements of the deals they've supposedly done. If they say they can't disclose this because of "confidentiality", they're probably fake.
It's easy to understand why gurus can't disclose information while a deal is in progress, but once the deal is done there shouldn't be any problems with disclosure, especially if they are trying to sell you on their self-proclaimed expertise.
For example, Karen Hanover was a total fraud but over 100 people gave her as much as $30,000 each without checking her credentials and thousands more gave her at least $3000 each (Google her name, Karen Hanover, and you'll see how bad it got). I spoke with some of the people that Hanover said she worked with at the big commercial brokerages and they all said that she was lying. All it took was a single phone call to save $30K but nobody bothered to do that. Hanover ended up stealing well over $1 million by getting people to buy into her fake credentials.
I still get calls from "gurus" trying to sell me their programs but now I ask for proof and it doesn't surprise me when I get the standard response that they can't disclose it because of "confidentiality". From then on, I either hang up on them or, if I'm bored, jerk them around a bit before hanging up.
As of now, I've only isolated four gurus who are actually doing deals and will only consider their information as being valid and worthy of spending BIG dollars on to learn (two are in the Boston are, one is in Virginia, and one is in Atlanta). I'm in partnership with two of them on deals already so I know they're the real deals. I don't mind spending a little (very little) money to learn from the other unproven "gurus" but reserve the big money for these proven four.
Good luck. Remember, when they call you to sell you their stuff then act offended when you ask them for proof, YOU should be the one who is offended since they called YOU, you didn't call THEM.
Who are the four gurus you recommend Robert. I put Ron Legrand's Pretty House Course to work and it's done pretty well for me. There are some things that need to be updated but the concepts are spot on. I do have people who call me (well not me, my answering service) and leave their info about selling their home. There's no shortage there.
they're all out doing deals. training is a side business for them.
roy alcorn has his portfolio on his website. he works southern virginia. he's got office, and self storage properties.
scott scheel spoke at a bootcamp I went to and he provided alot of good content and used a couple of his deals as case studies.
dave lindahl is the king of apartments. he's now doing huge syndications and is now buying 100+ unit apartment complexes in texas.
Selling pain and pleasure to those that need a quick fix most of the time. They count on 1000's coming through their seminars and based on the sheer numbers that they have someone that can make a deal happen then prance them across the stage "saying if they can do it so can you". This is 1 in 1,000 odds...not very good if you ask me.
A few of them start with good intentions but after a period of time they just want to sell courses and coaching that can't/won't duplicate the results desired.
You need access to credible buyers and good to great real deals...if you have these, execution is very simple.
I went to a Wade Cook seminar in metro Detroit many years ago. Two weeks later, I enrolled in a three night course for beginning investors to supposedly get "the REAL truth" about what it takes to be a successful R.E. investor. It was conducted by a husband and wife team with 17 years of experience. The husband was a Ford Engineer full-time who invested part-time. He said he knows that sponsor of that Wade Cook event quite well. He told the class that at that Wade Cook seminar, Wade spoke for 90 minutes, hung around for another hour to answer questions, and sold 122 of his training courses for $395 EACH. Ah, folks, that a cool $48,190 gross, for only 2 1/2 hours of his time!!! The Engineer-Investor said he got two-thirds of that net to him. Wade got a little over $32,000 net to him for only 2 1/2 hours of his time. The husband/wife team hasn't done ANYWHERE NEAR THAT IN DOLLARS as investors, they said, nor does ANYONE ELSE. Remember the gold rush of 1849? Few people got rich mining for gold, but A LOT OF PEOPLE GOT RICH......by selling them the supplies they needed to MINE the gold, and that's what the supposed-gurus know all too well.
that's funny you said how wade cook and other gurus are great pitch experts.
That's so true. All these gurus not only make a fortune with $500 - $2500 "seminars" and the hundreds who still go to them and fork over the big bucks -- they really are great sales people.
My first few rentals I worked hard on getting done and was always working on them and I was lucky if I cleared a $100 profit a month.
Wade cook making $48,000 for a few hours of work -- that's where he makes lots of money.
How hard is it to make money on real estate when you can raise $48,000 in 2 hours for a down payment or a cash buyer deal on a rehab. Personally I would do the same thing but I am terrified of public speaking and my family would think I was ridiculous if I tried to be a guru.
I do think it must be nice being a guru and having so many people so eager to make them rich. I guess if you can speak to crowds and not have the anxiety to do it then it can be a great way for sales people to make fast cash.
they're all out doing deals. training is a side business for them.
roy alcorn has his portfolio on his website. he works southern virginia. he's got office, and self storage properties.
scott scheel spoke at a bootcamp I went to and he provided alot of good content and used a couple of his deals as case studies.
dave lindahl is the king of apartments. he's now doing huge syndications and is now buying 100+ unit apartment complexes in texas.
Exactly. They make a lot of money on the side doing these seminars in cities across the country. I went to David's seminar and a few grand later I had learned a lot, but I still have a lot of fear to step out and buy a property.
I think the people who do well who buy these courses never needed them to start, but they end up being a motivation booster to help them act.
Years ago I was talking to one of the largest investors in the city and he told me that he goes to one of these guru seminars a few times a year. Not to buy anything but to catch the high energy and motivation that they have that he says is very much helpful to get him out of just coasting.
Being surrounded by every day people in the routine of life it gets to have a effect on us and that to put yourself around all that energy and go get it done energy really helps him.
He has never bought any thing from them, it is the get out and do it mentality that he says is what keeps him growing. I have ever since done the same.
These gurus all push high end seminars for thousands but going to the first one is often free and enough to get some fire under the britches.