New York, NY · Member since 2019 · 34 posts · 47 votes
Hello Everyone, I am new in the real estate investing business, and I was wondering if it would be worth taking a course and hiring a coach. I want to gain as much knowledge before investing in real estate properties. I am in talks with a coach that offers a two-day intensive that cost 3,000 and one on-site training at an actual property. Has anyone taken one of these courses and would you recommend taking these courses?
Rental Property Investor · Norwalk, CT · Member since 2017 · 171 posts · 138 votes
7y
Hello @Account Closed I'm sure several people will give opinions on this but I had originally signed up for one of those classes before finding Bigger Pockets and I must say the money that I saved I used towards my 1st property. In my opinion this group has all the information that you need. Read the forms and watch as many as the webinars as you can. Become and pro member, it's way cheaper than any coaching class. I'm fairly new myself but without BP I would have never felt comfortable enough to start my investing career. Hope this helps.
Real Estate Agent · Winter haven, FL · Member since 2011 · 572 posts · 336 votes
7y
Step 1.) Talk about how financial freedom changed your life while you are while humbly brag about the new Lamborghini you just bought In a youtube video which asks you to sign up for a free webinar.
Step 2.) Webinar host starts off by telling you that your about to learn so much in this free webinar. He gives a rags to richest story while continuing to humbly brag about his wealth and telling you how you can be just like him. Ends the webinar without giving you any practical information. Only giving you and invite to join his exclusive boot camp with limited seating.
Step 3.) You attend a 3 day boot camp for $2,500-$3,500.
Day 1 - is a repeat of the webinar.
Day 2 - surface level teaching are given on the basic concepts of marketing, analyzing deals, negotiating, estimating rehab cost, etc.. here you start to get a feeling like you are finally moving in the right direction, but still it leaves you with many more questions.
Day 3 - recap of the prior days teaching a deeper Q&A session takes place. Then you are hit with the mother of all upsells. For a very generous price of $40,000 you will be coached by the main guy 1-on-1 for an entire year guarenting you will make your first deal happen of which he will some how find a way to insert him self and take have your profits as well. You don't have $40,000 you say? Well you're in luck becuase even though you can't qualify for a $40,000 loan of any kind on your own. They some how figured out how to get you approved for a business loan.
If this sounds like something you are ok with doing then go right ahead if not. I suggest going to a local REIA observe everyone there carefully and once you know who is who Introduce your self, build report and offer a proposition that is mutually beneficial.
Real Estate Broker · Tampa, FL · Member since 2017 · 9 posts · 26 votes
7y
@Bijou Diaou
Be very careful and even Skeptical of these seminars. I went to a Rich Dad Poor Dad investor seminar to see what they had to offer. I paid $600 for the 3 day class. They gave some very basic information but it was clearly a switch and bait session and a high pressure sales presentation to get people to sign up for their “next level” program for $15k to $50k. On YouTube there was an investigative report years ago exposing Robert Kiyosaki’s trainings as high pressure sales presentations. Today you have podcasts and so much information online that people did not have 10+ years ago. Use your money for your down payment. Find a mentor. Find a partner. I have seen people lose Tens of Thousands in these so called trainings and squashing their dreams of investing in real estate. I’m sure they are not all bad but many of the programs are not set up in the students best interest.
Realtor · Concord, NH · Member since 2017 · 48 posts · 30 votes
7y
@Bijou Diaou welcome to the world of RE investing! Like many may have said, keep your money and put it towards a deal. Go on BP daily, YouTube and I also recommend Audible! Most everything that anyone will try to sell you on those seminars will be available one way or another online! Good luck!
Rental Property Investor · Houston, TX · Member since 2014 · 139 posts · 140 votes
7y
@Bijou Diaou I take advantage of Bigger pockets, network through Meetup networking sessions, stitcher which has fantastic podcasts and Google all of which are free. Save the $3k for your next place ;)