REI Classes and or Courses

[Michael Perniciaro]

Does anyone have any suggestions for real estate courses that include a mentor and potential investment opportunities? I'd like something that teaches how to scale and automate at some point as well as something with resources for finding viable lead. I'm looking at Kingdom 320 And finding mixed reviews. Any suggestions?

[Patrick Roberts]

Quote from @Shiloh Lundahl:

@Patrick Roberts you say that coaching and mentorships are generally not worth the money. So I would like to ask you, what has your personal experience been with hiring a coach or mentor and how was it not worth the money? Or are you just parotting things that you have heard said by other people. 

I ask this because I am genuinely interested how you landed upon that conclusion. For complete self disclosure, I am a real estate investing coach and about 80 - 90% of the people I coach over a year buy properties and increase their net worth by $40,000 - $100,000 during the year they work with me. So I am not sure where you are getting your data from or if you just say that because you are just one of those "I'm going to do it all myself" kind of person.

 Two sources: I have paid for coaches myself, one related to real estate lending and the other related to the mortgage world, specifically to business development. Secondly, I have worked with quite a few clients over the past few years who are (or were at the time) paying for coaching, and have run across several others in various networking circles and events.

I can say with firsthand experience that the coaching programs I personally went through were complete wastes of money. I also spent a fair amount of time playing sports when I was younger, as well as have had private coaching related to sports training and fitness, so I understand good vs bad coaching.

The various RE coaching programs I saw from the oustide-in (via my clients who were in them) were gurus and sharks with questionable experience/expertise who were charging more than $1k/month to basically answer questions via a phone call or offer a monthly/biweekly "mastermind". One of them even had the client attempting something unethical regarding a loan I was working. I had to cut ties with them because of it.

There is currently a RE guru local to me that is "teaching" people to buy preforeclosures subject-to and then resell with terms/strucure that blatantly violate Dodd-Frank legislation. He pitched me on his "workaround" for this illegality and he only charges $10k for his seminar to teach you how to do it, too. Based on the thirty minute convo I had with him, I can say with certainty that he will have serious issues if he is ever investigated. For context, I have more than a decade of experience in LE and fraud investigations, so fraud isnt super hard for me to spot.

Id lump real estate coaching in with business coaches. Im sure a portion provide actual, tangible value, but a large portion are predatory scams that peddle hope and get rich quick promises via social media. Anyone who has played sports will relate to this - quality coaches who actually know what they are doing and can produce elite results are few and far between.