Will more education help to get started in real estate investing?

Question

I have seen a lot or webinars and online courses that were created with the assumption that they will meet the needs and expectations of the participants.

I want to provide useful online training but start a little different. I want to hold information interviews/calls where you tell me what you would like to see in a course. You can ask at least one question about residential real estate investing that I will be happy to answer and provide you with resources to the best of my ability

I can't think of a more interested community to ask that the members of Bigger Pockets to learn what I should add to the program and what should stay out.

Please let me know and if you rather not post it and get the answer to your question 9or 2 or 3), please let me know, and we set up a time for me to interview you and take your input for my course/program development.

Thanks for your help

Axel

Axel Meierhoefer · Answer

Account Closed Thanks Michael. I will do that and I have started to ask my team to engage people on social media who come to our newly established accounts to post questions, so those can go in as well. Naturally that very first course shall not get too large, but I would be happy to keep adding and basically develop a curriculum over time. Thanks for your help. If more points or questions come to mind, please let me know

Account Closed · Answer

@Axel Meierhoefer I would say to have a interactive question section that will store any questions that have been asked and what answer you gave. That would help a lot. That and add some local RE laws and guidelines as well as rules of thumb for when to consider forming an entity.

Axel Meierhoefer · Answer

@Steve Morris Here is the purpose statement I developed for the first version of the program:

My pilot course will help middle-class savers purchase their first residential real estate investment property. That’s the start of the journey towards economic independence and the escape from exchanging time for money. Please get in touch and let me know if and when we can schedule an interview call or a coaching call?

The middle class savers are divided in two groups: 1. Younger than 35 years old and interested to stop exchanging time for money sooner rather than later.

2. 35 - late 50's. Need to correct mistakes from the past and look for residential real estate investing as a long term solution. Want passive income forever so I have economic independence when I reach my passive income goal.

Steve Morris · Answer

You tell me what your end audience is/will be. Big diff between buying to live vs buying to make income.

Axel Meierhoefer · Answer

@Steve Morris Awesome, Steve. Great points that I will add to my list. Do you think (maybe for non-BP folks) that some fundamental content about income and taxes and the different areas of residential real estate should be included in one or mode modules, and if so, what would you suggest to cover?

Steve Morris · Answer

Am an apt broker - Think the best thing to do would go thru the process and show some examples. So each module could be:

1) Distill operating numbers and decide which property of multiple would be best to offer on.

2) Getting money together to figure how much I can buy. How do I work with banks and mort brokers. How do I choose.

3) What can you tell from a drive-by

4) Writing a purchase and sale agreement and what it means

5) Dealing with brokers

6) What does title do

7) What am I supposed to do on each due diligence item (books, physical, title and financing

I could think of other modules, but it'd be a good start.

Will more education help to get started in real estate investing?

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