Paul Sandhu
Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
7y
Sorry, I'm more from the "Look at Your Competition and do it Better Than Them" course. It's free. You just have to pay for supplies and furnishings.
6 Reply
Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
7y
I’m with uncle Paul. Buy a house in a vacation market and smoke the competition. You can’t learn to ride a bike at a seminar.
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5 Reply
John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
7y
Yeah you don't need to buy a course. Everything you need to know can be learned from reading the forums. I doubt you have any questions that haven't already been asked and answered.
3 Reply
Bob Okenwa
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
7y
@Erwin Sham

Between forums like this and the free content on YouTube, you probably don't need a course. The course is just a way to get that same information in a classroom-style format that may be a bit more streamlined. As a favor, I'll give you a free course.

1. Use the search bar and find topics that you have questions about and search. Or do a Google search or an advanced Google search.

2. Ask specific questions in the BP forums.

3. Search YouTube and find free videos. Save those videos in a playlist or playlists. J Massey has a lot of videos on his channel you can view, download, save, etc.

4. Order those playlists according to your liking and educational style.

5. Study books. Kindle books are like $10 on Amazon. I say study because a lot of people just read and don't take notes on what they've read. Hard to learn by just glancing over words.

This free course will take some time, but can be done for pennies on the dollar. Maybe $10 or $20 for a book or two and a few hours of your time. The thousands you'll save can go towards your investments.
Some people do benefit from courses so to each their own, but I'm in agreement with the rest of the forum on this one. Best of luck with the Bob Okenwa free crash course.
1 Reply
Ken Latchers
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
7y
courses are a waste of time. Go to Amazon and find a couple of books that are highly reviewed. Such as get paid for your pad we're others. Courses are a book with a lot of whistles and bells to make them cost 20 times as much.
2 Reply
Erwin Sham
OP
Alhambra, CA · Member since 2019 · 24 posts · 10 votes
7y
I appreciate all the feedback don't get me wrong I love free content but the reason I am looking to save time vs spending needless time compiling all the necessary information. If BP had a great guide or even a webinar it would be great.
1 Reply
Ken Latchers
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
7y
apparently you dont listen very well
needless time = diff between success and failure.
"looking to save time vs spending needless time compiling all the necessary information."
1 Reply
Erwin Sham
OP
Alhambra, CA · Member since 2019 · 24 posts · 10 votes
7y
Hi Ken,

I just value my time. Say it takes me hrs, weeks, or months to go through the forums for all the necessary information. You think that is best way to serve my time if I value my time at $500 hr or above? Yes there are some great books on Amazon and is one way to learn. I am a visual learner what works best for me.
2 Reply
Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
7y
@Erwin Sham
Yes, many people do much better in a more traditional classroom setting. Nothing wrong with that. That’s why people still attend colleges in a physical location.
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1 Reply
Ranjith MarappanPro Member
Investor · Herndon, VA · Member since 2017 · 29 posts · 13 votes
7y
I attended a paid course for realestate investing and it gave me great information. I ended up trying for a few months and never really bought my first investment. But later learned about STR from BP and jumped in to buy first STR. After 9 months of experience, I can say that course helped in basic knowledge. But I really learned about STR after buying the first STR. Lot more to learn. Now I am in the process of buying the 4th property.
All I say is, nothing taught me better than actually doing it. In my opinion, the key to success is not really a question of attending a course or not . But rather a commitment to continuous learning in whatever form available. And I have learned a lot from some of the contributors from this thread.
2 Reply
Paul Sandhu
Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
7y
Originally posted by @Ranjith Marappan:

Good post mang.
0 Reply
Ken Latchers
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
7y
Second to Ranjith. My response against the original post was that every time people are in a hurry for shortcuts is a person that is it a much higher likelihood to make mistakes and possibly big mistakes.

1 Reply
Ethan Cooke
Rental Property Investor · San Francisco, CA · Member since 2016 · 227 posts · 365 votes
7y
@Erwin Sham - Totally legit question. Courses can be great. I self-studied AirBnB management books and online forums (including BP) for 6 months, and then attended a local real estate conference organized by one of my mentors, @J. Martin. I got to network with a bunch of successful Airbnb folks and it gave me the additional knowledge and courage I needed to launch my AirBnB business. I also signed up for a great course led by @Al Williamson. One year and 12 units later I had stepped out of 20 years in corporate America. After 2 years I had 20 units and I was earning a good income managing AirBnB units.
Hard work and mistakes have been my best teachers, but my mentors are a very close second!
Good luck. 👍
3 Reply
Ethan Cooke
Rental Property Investor · San Francisco, CA · Member since 2016 · 227 posts · 365 votes
7y
@Erwin Sham - I am part of a network of furnished home operators and rental arbitragers. One of my peers, David Patrick, took J Massey’s course and says it was a game-changer for his business. Feel free to look him up on Facebook or I can connect you.

0 Reply
Henri Meli
Investor · Morrisville, NC · Member since 2012 · 1k+ posts · 673 votes
7y
@Erwin Sham . Different people learn and process information differently. Some prefer classes (paid classes cost money), other prefer to take the time and research it themselves (which cost money in form of time).
I have paid for courses. Most of the time, it is really to confirm/reinforce or better organize something I have learned (freely) or heard.
1 Reply
Matt Groth
Contractor · Grand Marais, MN · Member since 2016 · 249 posts · 417 votes
7y
If time is the big hang up, and I get it, invest in a reit. 5 minutes a year. Str's aren't that complicated, as others have said above. All of the info is available. You know exactly the amenities, reviews, and prices of all of your competition. The real money is in the details, and those are market specific, right @paulsandhu ?

0 Reply
Ken Latchers
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
7y
'Str's aren't that complicated'
Um, no.
1 Reply
Paul Sandhu
Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
7y
Originally posted by @Matt Groth:
If time is the big hang up, and I get it, invest in a reit. 5 minutes a year. Str's aren't that complicated, as others have said above. All of the info is available. You know exactly the amenities, reviews, and prices of all of your competition. The real money is in the details, and those are market specific, right @paulsandhu ?

"STRs aren't that complicated" That is sort of a relative statement. What was it like the first time you drove a car, changed a tire, replaced a hot water heater, or reloaded shotgun shells on a progressive reloader? The first time it's going to be complicated and mistakes will be made. Additional times it will be easier.
And what works in one market may not work in another. I can offer a bank $9500 on a foreclosed house, they accept it, and I rent it out for $600/week. This sounds like my market it heaven, but it's really more like Hades.

1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y
Originally posted by @Ethan Cooke:
@Erwin Sham - Totally legit question. Courses can be great. I self-studied AirBnB management books and online forums (including BP) for 6 months, and then attended a local real estate conference organized by one of my mentors, @J. Martin. I got to network with a bunch of successful Airbnb folks and it gave me the additional knowledge and courage I needed to launch my AirBnB business. I also signed up for a great course led by @Al Williamson. One year and 12 units later I had stepped out of 20 years in corporate America. After 2 years I had 20 units and I was earning a good income managing AirBnB units.
Hard work and mistakes have been my best teachers, but my mentors are a very close second!
Good luck. 👍
you got good training form both Al and J. I just did my first one.. it was a house I wanted to retail but market softened a touch.. so I thought I would give this a try.. for me I just hired a good STR PM and I had income within a week of having the home furnished and they did it all for a management fee.. to me the management fee is a no brianer for the busy professional who is doing this as an adjunct to their daily business. I could see those that want to do it full time as it being a business and your in the hospitality business .. WE are in the process of buying another property a water front on the Columbia river that my wife wants to try and run.. As she wants to use it very occasionally through out the year.. She thinks it will do well.. but its all vacation stuff.. to me I see this as being vacation and then there is the business needs etc or the niche J Martin carved out that allows him to travel the world like Indiana Jones..

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3 Reply
Erwin Sham
OP
Alhambra, CA · Member since 2019 · 24 posts · 10 votes
7y
Originally posted by @Ethan Cooke:
@Erwin Sham - Totally legit question. Courses can be great. I self-studied AirBnB management books and online forums (including BP) for 6 months, and then attended a local real estate conference organized by one of my mentors, @J. Martin. I got to network with a bunch of successful Airbnb folks and it gave me the additional knowledge and courage I needed to launch my AirBnB business. I also signed up for a great course led by @Al Williamson. One year and 12 units later I had stepped out of 20 years in corporate America. After 2 years I had 20 units and I was earning a good income managing AirBnB units.
Hard work and mistakes have been my best teachers, but my mentors are a very close second!
Good luck. 👍

Thanks Ethan,

l heard about J. Martin and I will look him up. Would love to connect with you. I grew up in Fairfield. Any of the books you studied have audible version? I'll look into Al Williamson.
0 Reply
Ethan Cooke
Rental Property Investor · San Francisco, CA · Member since 2016 · 227 posts · 365 votes
7y
@Erwin Sham - Read the AirBnB book by Scott Shatford (CEO of AirDNA). Another terrific book is “Optimizing your AirBnB.” And if you want to take a great course with a great coach, contact @Al Williamson.

@Paul Sandhu - If your market is Hades, I know who is holding the pitchfork! 😈

@Jay Hinrichs - Congratulations and good luck with your STRs! I think that means you have done every kind of real estate investing on the planet. Maybe it’s your turn for some Indiana Jones adventures...
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y
Originally posted by @Ethan Cooke:
@Erwin Sham - Read the AirBnB book by Scott Shatford (CEO of AirDNA). Another terrific book is “Optimizing your AirBnB.” And if you want to take a great course with a great coach, contact @Al Williamson.

@Paul Sandhu - If your market is Hades, I know who is holding the pitchfork! 😈

@Jay Hinrichs - Congratulations and good luck with your STRs! I think that means you have done every kind of real estate investing on the planet. Maybe it’s your turn for some Indiana Jones adventures...
Soup De Jour these days is to syndicate apartments I have not done that yet.. I have done MHPs though and may step back into that space.

Podcast Guest on Show #222
JLH Capital Partners51 Review
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0 Reply
Al Williamson
Rental Property Investor · Sacramento, CA · Member since 2011 · 2k+ posts · 1k+ votes
6y
Good discussion. I think everyone is smart in a good economy. May it last forever.
Enjoy the ride.
0 Reply
Steve Kiser
Investor · West Hills, CA · Member since 2011 · 11 posts · 4 votes
6y
As a person who has paid for some of J Massey's courses, at this point, I think there is a lot of amazing information available for you which you don't need to pay for. The primary difference is, you need to know what you want to learn. In purchasing a program, any program, you will go along a very scripted structure. As an independent researcher/learner, you will be guided more by what interests you. If you DM me, I would be willing to provide you assistance. No fee.

0 Reply
Ken Latchers
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
6y
Courses are generally an extremely overpriced version of what should have been a $20 book. Just a lot of smoke and mirrors to try to make it look more worthwhile
short-term rentals are now so well-defined with all their pros and cons and process and methods that these masterminds and secrets they don't want you to know really offer little anymore.
0 Reply

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