andrew holmes re events- real estate 3 day lecture series
Member since 2020 · 240 posts · 104 votes
andrew holmes re events- real estate 3 day lecture series
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Quote from @Mario Morales:
Anyone attend this event before and have any feedback on the value. It's $147 for 3 days?
Hey Mario, I'm attending Andrew's 3-day event this weekend. While I agree with @Nathan Gesner with the idea of reading other material, I will say the networking aspect of the 3-day event is unmatched. And NO, I'm not paid to share this with you. Chicago is a complex beast of a city with literally hundreds of suburbs, each having their own nuances. Although you can learn a lot by reading and watching podcasts/YouTube videos, getting to know ppl who are investing in your own Chicago backyard is a whole other level of learning. Today, we toured 3 properties to talk about repairs, exit strategies, etc. Stepping into a house and listening to the investor talk about what they did to acquire it and what their BRRRR or Flip plans are was the icing on the cake.
Just my $0.02.
-Mel
7 Replies
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes3y
Quote from @Mario Morales:
Anyone attend this event before and have any feedback on the value. It's $147 for 3 days?
You will learn more and learn better by reading some books.
1. Start with BiggerPockets Ultimate Beginners Guide (free). It will familiarize you with the basic terminology and benefits. Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.
2. Get your finances in order. Get rid of debt, build a budget, and save. The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money. A wise investor will not try to get rich quick with shortcuts. If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing. Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.
3. As you read these books, watch the BiggerPockets podcasts. This will clarify and reinforce what you are reading. You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.
4. Now you need to figure out how to find deals and pay for them. Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum. There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources. BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy. If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up. Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice. It doesn't take long to learn how to spot a good deal.
5. Study the market. You can learn to do this on your own or get a rockstar REALTOR to lead the way. I highly recommend a well-qualified REALTOR that works with investors and knows how to best help you.6. Jump in! Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started. The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error. You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.
You can build a basic understanding of investing in 3-6 months. How long it takes to be financially ready is different for everyone. Once you're ready, create a goal (e.g. "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it. Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.
The DIY Landlord Book4.7243 Reviews - Member since 2020 · 240 posts · 104 votes3yThank you so much, I am at a loss for words on your kindness. I will definitely turn this into a checklist and go from there. Thank you!
Quote from @Nathan Gesner:
Quote from @Mario Morales:
Anyone attend this event before and have any feedback on the value. It's $147 for 3 days?
You will learn more and learn better by reading some books.
1. Start with BiggerPockets Ultimate Beginners Guide (free). It will familiarize you with the basic terminology and benefits. Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.
2. Get your finances in order. Get rid of debt, build a budget, and save. The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money. A wise investor will not try to get rich quick with shortcuts. If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing. Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.
3. As you read these books, watch the BiggerPockets podcasts. This will clarify and reinforce what you are reading. You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.
4. Now you need to figure out how to find deals and pay for them. Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum. There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources. BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy. If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up. Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice. It doesn't take long to learn how to spot a good deal.
5. Study the market. You can learn to do this on your own or get a rockstar REALTOR to lead the way. I highly recommend a well-qualified REALTOR that works with investors and knows how to best help you.6. Jump in! Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started. The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error. You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.
You can build a basic understanding of investing in 3-6 months. How long it takes to be financially ready is different for everyone. Once you're ready, create a goal (e.g. "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it. Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.
Quote from @Mario Morales:
Anyone attend this event before and have any feedback on the value. It's $147 for 3 days?
Hey Mario, I'm attending Andrew's 3-day event this weekend. While I agree with @Nathan Gesner with the idea of reading other material, I will say the networking aspect of the 3-day event is unmatched. And NO, I'm not paid to share this with you. Chicago is a complex beast of a city with literally hundreds of suburbs, each having their own nuances. Although you can learn a lot by reading and watching podcasts/YouTube videos, getting to know ppl who are investing in your own Chicago backyard is a whole other level of learning. Today, we toured 3 properties to talk about repairs, exit strategies, etc. Stepping into a house and listening to the investor talk about what they did to acquire it and what their BRRRR or Flip plans are was the icing on the cake.
Just my $0.02.
-Mel- Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes2y
Yeah, I can definitely vouch for @Andrew Holmes program as well!
He knows real estate investing and knows Chicago...the 3 day is a great place to meet new people and see if you need the level of coaching his program provides.
If it's what people need to get in the game....do whatever it takes!
Quality Builders4.968 Reviews YES, I DID MANY MANY TIMES!!! GREAT EXPERIENCE. EVERY TIME I GO I LEARN SOMETHING NEW .
Personally, I am a HUGE fan and proponent of Chicago Cashflow and ANDREW HOLMES MASTERY PROGRAM , because everyone I met there seemed genuine, honest , ambitious people always eager to help if you only ask for it. Investors who are members are all hustlers . If you only follow Andrew's formula you will SUCCEED! Andrew Holmes is honest and trustworthy. They will go above and beyond to help to achieve your realistic goals. Their success rate is over 90% I believe. Also, you will save a lot of money on discounts on rehab materials, vendors, contractors, title company numbers, etc. from their "mastery member" discounts . They are ALWAYS AVAILABLE ! Everytime I call or text, a founder - Andrew Holmes always responds , he is NEVER too busy to take your call! This is PRICELESS !
Quote from @Maggie G.:
YES, I DID MANY MANY TIMES!!! GREAT EXPERIENCE. EVERY TIME I GO I LEARN SOMETHING NEW .
Personally, I am a HUGE fan and proponent of Chicago Cashflow and ANDREW HOLMES MASTERY PROGRAM , because everyone I met there seemed genuine, honest , ambitious people always eager to help if you only ask for it. Investors who are members are all hustlers . If you only follow Andrew's formula you will SUCCEED! Andrew Holmes is honest and trustworthy. They will go above and beyond to help to achieve your realistic goals. Their success rate is over 90% I believe. Also, you will save a lot of money on discounts on rehab materials, vendors, contractors, title company numbers, etc. from their "mastery member" discounts . They are ALWAYS AVAILABLE ! Everytime I call or text, a founder - Andrew Holmes always responds , he is NEVER too busy to take your call! This is PRICELESS !
90% success rate? Ok, here's 2 observations of his system with clients:
will county Sheriff sale. His people bidded on a property on a deal & won (there were about 15 experienced bidders there. He overpaid). Drive by the property the next day. A lot of workers were there.
Next week they start doing the work. Week after that, property is flagged by the village for doing work without permits. Property sat for months. Turned into a rental. The return had to have sucked.
Property #2 was a home That also needed a ton of work. I was the only other bidder (sucker?) Along with the client Andrew's company represented. I got "lost in emotion" & bidded it up and up and (thank God) lost. This village always requires a walk thru by the building dept (so no doing stuff without a permit) and man was the write up of repairs long. This home also was where the previous owner had passed away. Maybe for this reason (who knows?) This home sat literally for a year then the work started and took another 9 months. Then, it became a rental. Another terrible return. Maybe his investors has had 90% success but, to me, I saw 2 deals & felt bad for the investors plus the 10k-35k spent on education.
- 2yJonathan GreeneBusiness MemberReal Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
Anything that is $147 for 3 days has a pitch at the end. That's why you are there. It's a timeshare philosophy. There is no metric of success that can be tracked, that's all fake. But that doesn't mean it's not a good spend. I don't know anything about the course or the person, but just know it's a funnel to get you to buy something else. If you go in knowing that and go in to learn, you won't have wasted $147 because you will meet a lot of other people looking for the same. Just don't buy the white whale at the end.
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