Comments on: The Not So "Lucky" Wanna-Be Tycoon http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Kinsellahttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-98512 Matt Kinsella Thu, 03 Nov 2011 13:42:31 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-98512 Back in 2008 when you wrote this post an architect friend of mine said that if the property market collapses at least it will get rid of some of the idiots who want to get rich quick in the property market but don't know what they are doing. I am sure over the last few years his assumption has come true. Unfortunately these people exist in all walks of life and they believe that others who found success are lucky so they chase quick gains that don't exist. They don't realize that real luck as they see it is actually earned and worked for, effort is required. Nice post. Back in 2008 when you wrote this post an architect friend of mine said that if the property market collapses at least it will get rid of some of the idiots who want to get rich quick in the property market but don’t know what they are doing. I am sure over the last few years his assumption has come true. Unfortunately these people exist in all walks of life and they believe that others who found success are lucky so they chase quick gains that don’t exist. They don’t realize that real luck as they see it is actually earned and worked for, effort is required. Nice post.

]]> By: Denton Wardhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55562 Denton Ward Tue, 25 Mar 2008 19:52:52 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55562 I always find these posts interesting. This sounds like the newest multi-level marketing group, Nouveau Riche, and how they ask you to buy in for 20K, and then still want you to purchase properties through them that are not in good areas.Shoot, I've been to a bootcamp that cost like $1,500. It was good information for a new investor like myself, but they wanted another 20 to go through some other courses. No way! Lastly, these bad apples is why me and some partners created our own business. To get rid of the scum ball real estate agents and gurus.Great post, I just wish more people understood this! I always find these posts interesting. This sounds like the newest multi-level marketing group, Nouveau Riche, and how they ask you to buy in for 20K, and then still want you to purchase properties through them that are not in good areas.

Shoot, I’ve been to a bootcamp that cost like $1,500. It was good information for a new investor like myself, but they wanted another 20 to go through some other courses. No way! Lastly, these bad apples is why me and some partners created our own business. To get rid of the scum ball real estate agents and gurus.

Great post, I just wish more people understood this!

]]> By: 423Chandlerhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55548 423Chandler Tue, 25 Mar 2008 02:08:48 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55548 I am really amazed these programs have the "confidence" to charge $10k to $20k for their programs. That's wild. It would be interesting to find out what percentage of former clients actually earned their money back doing real estate deals. I would venture that it is a low percentage. I am really amazed these programs have the “confidence” to charge $10k to $20k for their programs. That’s wild. It would be interesting to find out what percentage of former clients actually earned their money back doing real estate deals. I would venture that it is a low percentage.

]]> By: RJacobsenhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55547 RJacobsen Mon, 24 Mar 2008 22:44:35 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55547 Unfortunately there are too many people out there willing to take your money without any regard towards your best interests. Over the weekend I had a very suspicious phone call from some lady who claimed to have worked for my dad some years back. She was sure to emphasize that my dad promised he would help her out if she needed it, and of course she needed help. While I refused to provide her with additional info, when she asked probing questions, she quickly got agitated and very rude and after about ten minutes she let me hang up the phone! Some people... Unfortunately there are too many people out there willing to take your money without any regard towards your best interests. Over the weekend I had a very suspicious phone call from some lady who claimed to have worked for my dad some years back. She was sure to emphasize that my dad promised he would help her out if she needed it, and of course she needed help. While I refused to provide her with additional info, when she asked probing questions, she quickly got agitated and very rude and after about ten minutes she let me hang up the phone! Some people…

]]> By: Heath Cokerhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55546 Heath Coker Mon, 24 Mar 2008 21:50:25 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55546 I had a conversation with a "coach" last week. He hasn't actually worked (shown or listed property and closed a deal) in the real estate business since 1986. He said he stays current by advising people. Possible, except his out of date website wasn't easily found in the search engines, he was pushing old lessons to new and in-experienced agents, and he was not interested indiscussing current trends and methods. But, he can be found in many "news" sites as a respected "coach/mentor" and author. Instead of working with him, I ordered a "quality watch" from an email I got - same value. LOL I had a conversation with a “coach” last week. He hasn’t actually worked (shown or listed property and closed a deal) in the real estate business since 1986. He said he stays current by advising people. Possible, except his out of date website wasn’t easily found in the search engines, he was pushing old lessons to new and in-experienced agents, and he was not interested indiscussing current trends and methods. But, he can be found in many “news” sites as a respected “coach/mentor” and author. Instead of working with him, I ordered a “quality watch” from an email I got – same value. LOL

]]> By: Jaxson - Vernal Real Estatehttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55539 Jaxson - Vernal Real Estate Mon, 24 Mar 2008 20:32:12 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55539 At least this is a lesson that these people will probably never forget. Sad to say at least. At least this is a lesson that these people will probably never forget. Sad to say at least.

]]> By: Santa Fe Real Estatehttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55536 Santa Fe Real Estate Mon, 24 Mar 2008 18:32:52 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55536 Its so sad that these kinds of things keep happening to people, but at the same time, I've always followed the thinking that if it looks too good to be true, it probably is. It can be applied to pretty much anything and real estate is no exception. Its so sad that these kinds of things keep happening to people, but at the same time, I’ve always followed the thinking that if it looks too good to be true, it probably is. It can be applied to pretty much anything and real estate is no exception.

]]> By: Cyndee Haydonhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55535 Cyndee Haydon Mon, 24 Mar 2008 18:14:18 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55535 Oh it's so sad the number of "unlucky" people I've met this past year. When it looks so easy a "cave man can do it" - might be a sign to buyer beware! :) excellent article Oh it’s so sad the number of “unlucky” people I’ve met this past year. When it looks so easy a “cave man can do it” – might be a sign to buyer beware! :) excellent article

]]> By: Brechthttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55533 Brecht Mon, 24 Mar 2008 16:40:39 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55533 In my role as an investment broker and auctioneer I meet "Luckys" all the time. A popular boot camp rolled through my town last fall. My phone rang off the hook. The energy that got pumped into the crown was obvious from the calls I was getting, the expectations though - unrealistic.I was surprised to find that this $20,000 figure that you are quoting is completely real, I had never heard that before last fall. Rather than invest that money in a property Lucky spends it on the mentor - strange indeed.Your post last week was biting and pointed but it wasn't untrue. Good work. In my role as an investment broker and auctioneer I meet “Luckys” all the time. A popular boot camp rolled through my town last fall. My phone rang off the hook. The energy that got pumped into the crown was obvious from the calls I was getting, the expectations though – unrealistic.

I was surprised to find that this $20,000 figure that you are quoting is completely real, I had never heard that before last fall. Rather than invest that money in a property Lucky spends it on the mentor – strange indeed.

Your post last week was biting and pointed but it wasn’t untrue. Good work.

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55531 Joshua Dorkin Mon, 24 Mar 2008 15:41:51 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55531 Thanks for the follow up post, Richard! I think the points you make in both posts are very important ones. As always, a great article! Thanks for the follow up post, Richard! I think the points you make in both posts are very important ones. As always, a great article!

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