Realtor · Woodstock, GA · Member since 2015 · 27 posts · 4 votes
I am interested in becoming an Investor and I am taking the time to do the research, listen to Podcasts, reading and website research and planning on getting my agents license in the next few months. I am serious in this new business adventure and want to learn all I can.
I see this sign on the side of the road seeking Interns. My natural instinct is skeptical.
I have not called the number but my husband thinks I should. My question, is this a common sign to request interns and if it is not what would be a good way to learn hands on if I do not know anyone in my area? Or is this a scam?
It is probably a multi-level-like real estate coaching/college with high-pressure sales tactics called Re na tus. Yuck. They are all over craigslist as well. You are paid when you get other suckers, I mean people, into the program. Costs are $1997-$20k. The folks that have been through it haven't proven on here that they actually know anything about investing. In any way. I would avoid it @Sierra Westrick.
You are in the right place here on BP. What seems to good to be true....is!
It is probably a multi-level-like real estate coaching/college with high-pressure sales tactics called Re na tus. Yuck. They are all over craigslist as well. You are paid when you get other suckers, I mean people, into the program. Costs are $1997-$20k. The folks that have been through it haven't proven on here that they actually know anything about investing. In any way. I would avoid it @Sierra Westrick.
You are in the right place here on BP. What seems to good to be true....is!
@Steve Vaughan is correct - look for existing threads on that company (take away spaces found between the 'R' and the 's' when attempting the search). The posts that are contributed from that network are of little value to BP IMO.
@Sierra Westrick I think you have the answer on the sign. I wanted to add to the conversation. "Since you don't know anyone to learn from ..."
You need to join GA REIA and maybe Atlanta REIA. Budget $1000 on your 1st year education ... go to boot camp, attend free meetings (especially those in the field like North Atlanta Rehabbers), Have and Wants, etc. Get to know some people and see who is active and successful. It will take some time, but you have to find some colleagues you can learn from and they can learn from you.
Don't call the signs except to put your name on their 'buyer's list'. Don't expect any deals, but you'll get to see how it's done and what's available.
Don't buy expensive courses from 'experts'. There are a lot of guru pitches from TV stars, etc. Skip these as they're not worth the expense.
It's not a bad idea to at least give a call. I had many new investors come to me over the years and instead of paying my fee to coach them, they volunteered to work for free so they could learn the business. What I can recommend is funding some of the top investors in your area who do things properly and offer to assist them in return of learning the ropes. Hope this helps. All the best
@Sierra Westrick I think you have the answer on the sign. I wanted to add to the conversation. "Since you don't know anyone to learn from ..."
You need to join GA REIA and maybe Atlanta REIA. Budget $1000 on your 1st year education ... go to boot camp, attend free meetings (especially those in the field like North Atlanta Rehabbers), Have and Wants, etc. Get to know some people and see who is active and successful. It will take some time, but you have to find some colleagues you can learn from and they can learn from you.
Don't call the signs except to put your name on their 'buyer's list'. Don't expect any deals, but you'll get to see how it's done and what's available.
Don't buy expensive courses from 'experts'. There are a lot of guru pitches from TV stars, etc. Skip these as they're not worth the expense.
Best of luck!
Rick
Great Idea!! Thank you for your response & advice.
@Sierra Westrick I called one of those signs one time. It is multi level marketing program like @Steve Vaughan mentioned. The guy wanted me to come to a meeting and learn about his company and how I could be a real estate investor. I asked him how much it was and he wouldn't say at first. Then he asked me if I could invest $20,000 in education which is a check that I can cash over and over why would I not do it. hahaha. That is always their pitch. You can call them but I am pretty sure it is the same thing. I am not saying education is not important but you can get education for far less then $20,000. My advice to you is spend time on BP and get to know some of the members on here that actually do REI for a living. You will start to learn who on BP actually knows their stuff and who doesn't. Send them some messages and ask questions about whatever you want. I have learn a ton from BP members. This is an amazing website.
@Sierra Westrick I have to also say I've seen those signs too. They also post a lot on eventbrite and craigslist. I went to 2 of the meetings and you either have to pay 5 figures to get your education or sign up others to get your education. Very MLM.
After being disheartened at the MLM pitch meeting, I decided to try my local REIA. Not only were people friendly and helpful, I have already started working freelance with an investor/wholesaler. I met him after my first meeting while he was giving out tips to a small group of people just taking notes. I'm learning tons of info, I'm sitting in on his client meetings and soon I'll be licensed as an agent so I can help him research.
I wouldn't have thought to go to the REIA unless I'd heard it from BP Peeps. Good luck on the journey and let me know if you want to meet up at the Atlanta REIA!
@Sierra Westrick I have to also say I've seen those signs too. They also post a lot on eventbrite and craigslist. I went to 2 of the meetings and you either have to pay 5 figures to get your education or sign up others to get your education. Very MLM.
After being disheartened at the MLM pitch meeting, I decided to try my local REIA. Not only were people friendly and helpful, I have already started working freelance with an investor/wholesaler. I met him after my first meeting while he was giving out tips to a small group of people just taking notes. I'm learning tons of info, I'm sitting in on his client meetings and soon I'll be licensed as an agent so I can help him research.
I wouldn't have thought to go to the REIA unless I'd heard it from BP Peeps. Good luck on the journey and let me know if you want to meet up at the Atlanta REIA!
Thank you so much @Jerusha Holder
I have been checking out the websites for the GaREIA and the North Metro REIA after @Rick Baggenstoss suggested it. Before I join one or both, I would like to visit.
I work full time right now as a Business Manager for a golf course but have scheduled to take my Real Estate Classes in October. Im so excited about this new venture at this time of my life.
Thank you again for commenting and the valuable advice. And I would love to MeetUp very soon when possible. Have a great day!!
@Sierra Westrick Stay away! I've seen the signs as well and decided just to call for kicks to see what it was about. It's a multi level marketing company that expects you to pay them 20K to learn real estate investing.
You are better off on BiggerPockets and joining the GAREIA or AtlantaREIA. There is an infinite amount of information that you can research on your own and build great relationships with other successful investors, so that you can learn how to invest. It takes time, but even though real estate investing can bring great wealth, it's not a get rich quick business venture.