Course weary need insight on hotel course from podcast guest
Member since 2020 · 117 posts · 13 votes
Course weary need insight on hotel course from podcast guest
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Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes
1y@Allen Berrebbi, take my comments with a grain of salt, because I am certainly biased here.
First, I agree with Clayton about guru's in general.
But, everything with this scares me. The link provided goes to a landing page with a form. No real information about anything.
When you go to her linkedin page, it does not mention anything about her professional achievements; purely sign up for her newsletter or get more info on her courses, of which, she is apparently well versed enough to teach both hotel and self storage investing.
Trying to take my cynicism out of it, I would consider a course from someone that has real experience to teach. If you are not finding news articles, corporate websites, etc with the guru named, and their linked profile doesn't link to an actual company, I would be skeptical.
Before I would sign up for anything, I would talk to her (or any other guru) to understand first: are they even competent enough to teach what they are, and second: the logistics of the course: is it pre-recorded content or live? Is it with the actual guru or one of their people? What access do you have to the actual guru? How long does that access run? What are they going to teach you? What resources will they actually provide? What outcomes do they anticipate as a result of this course? Referrals from more than a few students?
And lastly, cost. A $500 or $1500 course is more likely to be "worth it" than a $25,000. Based on what I have seen from MOST internet gurus, they are offering very basic, table stakes type in info that they regurgitate from some other guru online who offers it for free. Not to say there isn't value in consolidating your learning (which is essentially what college is), but any guru will present what they feel is most important. That info may be very valuable or common sense to you, and you won't know until you pay.
17 Replies
- Lender · CA · Member since 2018 · 638 posts · 393 votes1y
Those who can, do; those who can't, teach. You are 100% correct, if they are making all this money on hotels, they wouldn't be/wouldn't need to teach. 99.99999/100 times, the "gurus" make a majority of their income selling a dream rather than creating the dream. I know nothing about Brittany nor her course, but honestly I can guarantee you can find a way to network and talk to people, read about similar topics in $30 books, check google and chatGPT and get the same or better information.
- Member since 2020 · 117 posts · 13 votes1y
Quote from @Clayton Silva:
Those who can, do; those who can't, teach. You are 100% correct, if they are making all this money on hotels, they wouldn't be/wouldn't need to teach. 99.99999/100 times, the "gurus" make a majority of their income selling a dream rather than creating the dream. I know nothing about Brittany nor her course, but honestly I can guarantee you can find a way to network and talk to people, read about similar topics in $30 books, check google and chatGPT and get the same or better information.
That's kind of what my gut says too. Of coure they promsie access to off-market seller-financing deals but why wouldn't they grab them?
- Member since 2020 · 117 posts · 13 votes1y
Quote from @Syed Ahmed:
Totally get where you’re coming from. It’s easy to feel weary with so many high-ticket courses floating around, especially when the person promoting it is already doing well financially. I haven’t gone through this one personally but I’ve seen that hotel investing can be a very niche space, and sometimes people charge for access instead of sharing freely. That said, there are definitely ways to get started or scale without always paying upfront for a course. If you ever want to bounce around ideas or talk through funding strategies people are using in that space, feel free to connect. I’ve had to get creative in similar situations.
Yes, DM me. Though they "promise" off market mom and pops selling, often with seller-financing.
- Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes1y
@Allen Berrebbi, take my comments with a grain of salt, because I am certainly biased here.
First, I agree with Clayton about guru's in general.
But, everything with this scares me. The link provided goes to a landing page with a form. No real information about anything.
When you go to her linkedin page, it does not mention anything about her professional achievements; purely sign up for her newsletter or get more info on her courses, of which, she is apparently well versed enough to teach both hotel and self storage investing.
Trying to take my cynicism out of it, I would consider a course from someone that has real experience to teach. If you are not finding news articles, corporate websites, etc with the guru named, and their linked profile doesn't link to an actual company, I would be skeptical.
Before I would sign up for anything, I would talk to her (or any other guru) to understand first: are they even competent enough to teach what they are, and second: the logistics of the course: is it pre-recorded content or live? Is it with the actual guru or one of their people? What access do you have to the actual guru? How long does that access run? What are they going to teach you? What resources will they actually provide? What outcomes do they anticipate as a result of this course? Referrals from more than a few students?
And lastly, cost. A $500 or $1500 course is more likely to be "worth it" than a $25,000. Based on what I have seen from MOST internet gurus, they are offering very basic, table stakes type in info that they regurgitate from some other guru online who offers it for free. Not to say there isn't value in consolidating your learning (which is essentially what college is), but any guru will present what they feel is most important. That info may be very valuable or common sense to you, and you won't know until you pay.- Member since 2020 · 117 posts · 13 votes1y
Quote from @Evan Polaski:
@Allen Berrebbi, take my comments with a grain of salt, because I am certainly biased here.
First, I agree with Clayton about guru's in general.
But, everything with this scares me. The link provided goes to a landing page with a form. No real information about anything.
When you go to her linkedin page, it does not mention anything about her professional achievements; purely sign up for her newsletter or get more info on her courses, of which, she is apparently well versed enough to teach both hotel and self storage investing.
Trying to take my cynicism out of it, I would consider a course from someone that has real experience to teach. If you are not finding news articles, corporate websites, etc with the guru named, and their linked profile doesn't link to an actual company, I would be skeptical.
Before I would sign up for anything, I would talk to her (or any other guru) to understand first: are they even competent enough to teach what they are, and second: the logistics of the course: is it pre-recorded content or live? Is it with the actual guru or one of their people? What access do you have to the actual guru? How long does that access run? What are they going to teach you? What resources will they actually provide? What outcomes do they anticipate as a result of this course? Referrals from more than a few students?
And lastly, cost. A $500 or $1500 course is more likely to be "worth it" than a $25,000. Based on what I have seen from MOST internet gurus, they are offering very basic, table stakes type in info that they regurgitate from some other guru online who offers it for free. Not to say there isn't value in consolidating your learning (which is essentially what college is), but any guru will present what they feel is most important. That info may be very valuable or common sense to you, and you won't know until you pay.My feelings exactly
Quote from @Evan Polaski:
@Allen Berrebbi, take my comments with a grain of salt, because I am certainly biased here.
First, I agree with Clayton about guru's in general.
But, everything with this scares me. The link provided goes to a landing page with a form. No real information about anything.
When you go to her linkedin page, it does not mention anything about her professional achievements; purely sign up for her newsletter or get more info on her courses, of which, she is apparently well versed enough to teach both hotel and self storage investing.
Trying to take my cynicism out of it, I would consider a course from someone that has real experience to teach. If you are not finding news articles, corporate websites, etc with the guru named, and their linked profile doesn't link to an actual company, I would be skeptical.
Before I would sign up for anything, I would talk to her (or any other guru) to understand first: are they even competent enough to teach what they are, and second: the logistics of the course: is it pre-recorded content or live? Is it with the actual guru or one of their people? What access do you have to the actual guru? How long does that access run? What are they going to teach you? What resources will they actually provide? What outcomes do they anticipate as a result of this course? Referrals from more than a few students?
And lastly, cost. A $500 or $1500 course is more likely to be "worth it" than a $25,000. Based on what I have seen from MOST internet gurus, they are offering very basic, table stakes type in info that they regurgitate from some other guru online who offers it for free. Not to say there isn't value in consolidating your learning (which is essentially what college is), but any guru will present what they feel is most important. That info may be very valuable or common sense to you, and you won't know until you pay.That info may be very valuable or common sense to you, and you won't know until you pay.
So true… people don’t know if what they’re getting is worth while until after they already provide the credit card information.
Quote from @Joe S.:
Quote from @Evan Polaski:
@Allen Berrebbi, take my comments with a grain of salt, because I am certainly biased here.
First, I agree with Clayton about guru's in general.
But, everything with this scares me. The link provided goes to a landing page with a form. No real information about anything.
When you go to her linkedin page, it does not mention anything about her professional achievements; purely sign up for her newsletter or get more info on her courses, of which, she is apparently well versed enough to teach both hotel and self storage investing.
Trying to take my cynicism out of it, I would consider a course from someone that has real experience to teach. If you are not finding news articles, corporate websites, etc with the guru named, and their linked profile doesn't link to an actual company, I would be skeptical.
Before I would sign up for anything, I would talk to her (or any other guru) to understand first: are they even competent enough to teach what they are, and second: the logistics of the course: is it pre-recorded content or live? Is it with the actual guru or one of their people? What access do you have to the actual guru? How long does that access run? What are they going to teach you? What resources will they actually provide? What outcomes do they anticipate as a result of this course? Referrals from more than a few students?
And lastly, cost. A $500 or $1500 course is more likely to be "worth it" than a $25,000. Based on what I have seen from MOST internet gurus, they are offering very basic, table stakes type in info that they regurgitate from some other guru online who offers it for free. Not to say there isn't value in consolidating your learning (which is essentially what college is), but any guru will present what they feel is most important. That info may be very valuable or common sense to you, and you won't know until you pay.That info may be very valuable or common sense to you, and you won't know until you pay.
So true… people don’t know if what they’re getting is worth while until after they already provide the credit card information.
Maybe a little DD before slapping down the plastic?
Quote from @Allen Berrebbi:
So I heard a podcast with a delightful person Named Brittany Aranson who now invests in hotels. Of course when I go to find out its another expensive course.
Has anyone gone through this course or have any insights on it? A little tired of course sells. Why the need to sell expensive courses when you are making millions in hotels?Your last sentence IS the answer to your question.
Delightful lol
- 1yDoug SmithPro MemberLender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votes
We're financing a hotel construction deal in Tampa right now. It's complex. It's not something I would recommend unless you know your stuff. The customer has constructed and operates numerous hotels, but after lending for over three decades and doing many hotels, I wouldn't think it's something you could take a course and learn to the point of proficiency. If that's something you're looking to do, perhaps you can join forces and partner with someone with a track record of doing hotels. They aren't as easy as they seem.
- Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes1y
@Doug Smith, don't EVER say something isn't easy. You will kill every guru's platform. Your MINDSET is what is wrong here. Everything is easy if you have the right mindset and, of course, pay me $50,000 up front to take my step by step course on how you too can make $1,000/mo owning a boutique hotel in a tropical paradise.
Step 1: Ask everyone you know to invest $25,000 into this SUREFIRE way to make boat loads of money. They won't do any due diligence. Everyone will want to fund your dream of making money passively.
Step 2: Search "Costa Rica Hotel for sale" in google, click on top result and start looking at all the pretty pictures.
Step 3: offer 20% below asking price on all of them. No underwriting needed. If it is listed for $5,000,000 and you can buy it for $4,000,000 it is a sure thing, no questions asked.
Step 4: Get a lender to give you 95% of purchase price. All you need to do is show them you have taken my course and they will lend to you without fail.
Step 5: Hire the cheapest person you can find to run the hotel. Don't worry about marketing or guest experience or the regular updates that need to be implemented to keep a hotel nice. Just post on instagram about how you are super successful because you bought a hotel, and that will be marketing enough to keep everything a float.
Step 6: Launch a course about how great you are at investing. Start at $250, because you are doing this to "give back"
Step 7: Each month, raise the price of the course by $1,000. You need to do this to funnel money into your hotel.
Step 8: Declare bankruptcy, because you personally guaranteed a loan on a hotel. Raise your course fee to $50,000. Tell people that it is your MINDSET that is your limiting factor, and you can not only help them get their mind right, but also, if they just sign the loans for you, you can show them how too to run a hotel and be as successful as instagram makes you look.
- Lender · CA · Member since 2018 · 638 posts · 393 votes1y
Quote from @Evan Polaski:
@Doug Smith, don't EVER say something isn't easy. You will kill every guru's platform. Your MINDSET is what is wrong here. Everything is easy if you have the right mindset and, of course, pay me $50,000 up front to take my step by step course on how you too can make $1,000/mo owning a boutique hotel in a tropical paradise.
Step 1: Ask everyone you know to invest $25,000 into this SUREFIRE way to make boat loads of money. They won't do any due diligence. Everyone will want to fund your dream of making money passively.
Step 2: Search "Costa Rica Hotel for sale" in google, click on top result and start looking at all the pretty pictures.
Step 3: offer 20% below asking price on all of them. No underwriting needed. If it is listed for $5,000,000 and you can buy it for $4,000,000 it is a sure thing, no questions asked.
Step 4: Get a lender to give you 95% of purchase price. All you need to do is show them you have taken my course and they will lend to you without fail.
Step 5: Hire the cheapest person you can find to run the hotel. Don't worry about marketing or guest experience or the regular updates that need to be implemented to keep a hotel nice. Just post on instagram about how you are super successful because you bought a hotel, and that will be marketing enough to keep everything a float.
Step 6: Launch a course about how great you are at investing. Start at $250, because you are doing this to "give back"
Step 7: Each month, raise the price of the course by $1,000. You need to do this to funnel money into your hotel.
Step 8: Declare bankruptcy, because you personally guaranteed a loan on a hotel. Raise your course fee to $50,000. Tell people that it is your MINDSET that is your limiting factor, and you can not only help them get their mind right, but also, if they just sign the loans for you, you can show them how too to run a hotel and be as successful as instagram makes you look.
This felt like personal experience here hahaha
- Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes1y
Because the guru's want to teach the newbies to look for deals knowing they have very little capital. Then when the newbie finds mostly junk but occasionally finds a gem they might go in and partner with them.
Finding a true deal is the hardest part. If the deal is good the money is there. Newbies think they have good deals but most times they do not know how to underwrite properly. The people likely charge for the courses to pay for the back end staff selling the wares for the courses and then to pocket a little change.
I don't like selling courses for what I do NNN because an investor often with very little funds wants the world for 10k or 25k fee to teach them. I make six figures per deal for my time whether finding something for someone to buy NNN own direct or my GP fee on my syndication properties I buy with cash.
Some people just like selling courses and creating all this junk. They tend to milk the masses on the pipe dream putting on credit cards.
- Member since 2020 · 117 posts · 13 votes1y
Quote from @Joel Owens:
Because the guru's want to teach the newbies to look for deals knowing they have very little capital. Then when the newbie finds mostly junk but occasionally finds a gem they might go in and partner with them.
Finding a true deal is the hardest part. If the deal is good the money is there. Newbies think they have good deals but most times they do not know how to underwrite properly. The people likely charge for the courses to pay for the back end staff selling the wares for the courses and then to pocket a little change.
I don't like selling courses for what I do NNN because an investor often with very little funds wants the world for 10k or 25k fee to teach them. I make six figures per deal for my time whether finding something for someone to buy NNN own direct or my GP fee on my syndication properties I buy with cash.
Some people just like selling courses and creating all this junk. They tend to milk the masses on the pipe dream putting on credit cards.
Agree but hard to knwo, when the broker/realtor is also an investor, if the deal they bring you is actually good because you wonder why they don't take it for themselves
- Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes1y
Depends on the broker. I can't buy all the deals. Buying deals takes time. I have my family, my health, etc.
There is only so much time in the day. What is a deal also is relative in the eyes of the buyer. Some might want only 7 million price point in a certain market. Some might not want a high cap rate with work involved to create more equity. They might have tons of money already.
I have some clients that with their business net to themselves about 5 million a year of personal income. What they do not have much of is time. I have talked with thousands of millionaires over the decades from all walks of life and different stages of their investing and ages. While they share some commonalities no one investor is exactly the same with their goals or their life story.
- Member since 2020 · 117 posts · 13 votes1y
Quote from @Joel Owens:
Depends on the broker. I can't buy all the deals. Buying deals takes time. I have my family, my health, etc.
There is only so much time in the day. What is a deal also is relative in the eyes of the buyer. Some might want only 7 million price point in a certain market. Some might not want a high cap rate with work involved to create more equity. They might have tons of money already.
I have some clients that with their business net to themselves about 5 million a year of personal income. What they do not have much of is time. I have talked with thousands of millionaires over the decades from all walks of life and different stages of their investing and ages. While they share some commonalities no one investor is exactly the same with their goals or their life story.
Feel free to DM me discuss this more
- 1yHenry ClarkPro MemberDeveloper · Member since 2020 · 4k+ posts · 4k+ votes
OP, let's look at you specifically.
1. Have you read all of the books, watched the podcasts, searched for the posts, joined the Facebook groups.?
2. Have you developed a due diligence list, have you developed a financial plan and then tested it against 5 actual deals?
3. Posted the above on BP and asked people to review them and ask questions?
4. Have you done smaller REI deals to build experiences?
5. "Then" you can look for a mentor or program. At that point you will know what you are feeling you are missing the most. That will help you determine the type of Program and the amount you are willing to pay.
6. Or are you looking for someone to set the table for you at a 3-star restaurant and you just want to pay the bill and say whether it was a good experience or not. Which is fine. But then you need to invest thru Syndications, stock market, etc. where someone else will do all of the work for you. Just be a financial investor.
The above will move you forward on your topic.
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