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 Sun, 20 Jul 2008 22:05:33 +0000 http://wordpress.org/?v=2.5.1 By: Denton Ward http://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: 423Chandler http://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: RJacobsen http://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 Coker http://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: The Not So “Lucky” Wanna-Be Tycoon | New York Real Estate http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55542 The Not So “Lucky” Wanna-Be Tycoon | New York Real Estate Mon, 24 Mar 2008 20:42:03 +0000 http://www.biggerpockets.com/renewsblog/2008/03/24/the-not-so-%e2%80%9clucky%e2%80%9d-wanna-be-tycoon/#comment-55542 [...] The Not So "Lucky" Wanna-Be Tycoon [...] [...] The Not So "Lucky" Wanna-Be Tycoon [...]

]]> By: Jaxson - Vernal Real Estate http://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 Estate http://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.

]]>