Frustrated with Unrealistic Expectations

[Charlene Livers]

Sorry, but let me rant for a minute. I’ve been talking to a lot of people lately who want to break into real estate with zero experience. Most of them just took a class from some random ‘guru’ and now expect 100% financing on the purchase and 100% on the rehab. Then when I give them realistic numbers, they call me a scammer. Honestly, it’s frustrating and feels like a waste of time.

For context, I manage an ALF, broker money, and also do fix and flips. My most recent deal actually fell through, but that’s just how business goes sometimes. I’ve been in real estate for quite a while, and I know firsthand it’s not easy. This business takes skin in the game, experience, and realistic expectations.

What’s going on with this mindset? What do you all think is driving this trend?

[Elias Halvorson]

You can let them know there is a way - volunteer to defend their nation for 4 years and they’ll have great 0 down payment options;)