REIA Bootcampt for $695. Is it worth it?

Question

The Broward Read Estate Investors Association (BREIA) is providing a bootcamp that costs $695. Would you pay for this bootcamp?

Chris Mason · Answer

It is worth it if, and only if, you aren't open to absorbing the exact same information from this very website you are on now, and you are ok with the fact that the $695 bootcamp is going to be upselling you to the $1500 bootcamp, which in turn will upsell you to the $2500 bootcamp, and so on. Scientology model.

Theo Hicks · Answer

Another option is to take that $695 and take 70 investors out to coffee ($10 for two coffees). You'll learn a ton and build a more personal connection.

Dolly La Salle · Answer

@Edison Reis Yes, you've learned how to make money work for you. Congrats on your success! I hope to be the same in the near future. Thank you for all your feedback.

Dominique Pradel-Lewis · Answer

Personally I wouldn't do it.  Go to meetings, make connections and invite them to coffee or lunch like @Theo Hicks said, buy some of the recommended books, drive for dollars, send mailers:  all the above are better use of your money imho.

Edison Reis · Answer

Hi @Dolly La Salle

Thanks for your feedback.

I used the HELOC for the 20% down payment and got the conventional mortgage for the other 80%.

In Canada the interest from both sources are tax deductible (write offs) hence I often tell people that all bought all properties without having any money which is technically correct. (All I had was courage to apply for a secure line of credit connected to my personal residence)

As long you have a steady paycheque and can demonstrate you can cash flow you can keep replicating this method up to 5 properties.

So, this is how I did it without having any money ..... I learnt how money works so I used the bank’s money instead.

Good luck

Edison

Dolly La Salle · Answer

@Jay Thomas Yes. That is correct. I am trying to dedicate time every day and immerse myself with BP's content. Thank you for the feedback.

Dolly La Salle · Answer

@Steve B. Applying for a loan...yes, that's valuable hands-on experience. No thank you. I pass.

Dolly La Salle · Answer

@Edison Reis Thank you for your feeback. Congrats on taking only after 3 months. You are a go-getter :) I am taking action and learning the basics first, like you advised. I like the quote from Thomas Beyer. Do you think it is better to buy the first property with putting 20% down or borrow 100% of the cost from a lender/bank/etc.?

REIA Bootcampt for $695. Is it worth it?

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