Real estate seminars

Easton, PA · Member since 2014 · 6 posts · 1 vote

Has anyone gone to the seminars that affiliate themselves with Scott Yancey and paid for their bigger seminar which they say gives them access to their funding?

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Brant Richardson

Investor · Santa Barbara, CA · Member since 2013 · 658 posts · 315 votes

12y

NO, stop, don't do it. What you get when you pay "for the bigger seminar" is an exclusive limited time offer to pay "for the biggest seminar". Actually I know nothing about Scott Yancey, but I can say you can learn for a lot cheaper here than going to any seminar. There is no secret success formula being given out at a seminar which is not known here. I agree that when YOU pay for the bigger seminar it is what gives them funding.

Check out the Learn section on this website, The Beginners Guide is excellent (and free). The Podcasts are awesome (and free). The podcasts interview real investors and discuss their current strategies which are working as well as the mistakes they made along the way. Each podcast has a couple of book recommendations from the person being interviewed. Pick up $100 worth of books, you will be way ahead of any seminar. Start asking questions here on BP, you will get answers from multiple view points by objective people, professionals in the various fields associated with real estate and other investors who are not trying to sell you anything (free).

Ok, end of rant.

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Raymond B.
FL · Member since 2009 · 2k+ posts · 357 votes
12y
@Tom Brunell,

Here is a link at BiggerPockets about Scott Yancey

Raymond

1 Reply
Brant Richardson
Investor · Santa Barbara, CA · Member since 2013 · 658 posts · 315 votes
12y
NO, stop, don't do it. What you get when you pay "for the bigger seminar" is an exclusive limited time offer to pay "for the biggest seminar". Actually I know nothing about Scott Yancey, but I can say you can learn for a lot cheaper here than going to any seminar. There is no secret success formula being given out at a seminar which is not known here. I agree that when YOU pay for the bigger seminar it is what gives them funding.

Check out the Learn section on this website, The Beginners Guide is excellent (and free). The Podcasts are awesome (and free). The podcasts interview real investors and discuss their current strategies which are working as well as the mistakes they made along the way. Each podcast has a couple of book recommendations from the person being interviewed. Pick up $100 worth of books, you will be way ahead of any seminar. Start asking questions here on BP, you will get answers from multiple view points by objective people, professionals in the various fields associated with real estate and other investors who are not trying to sell you anything (free).

Ok, end of rant.
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Tom Brunell
OP
Easton, PA · Member since 2014 · 6 posts · 1 vote
12y
Brant Richardson Thanks for the heads up. I'm new to this and like many folks who have seen these seminars felt that the 2k they needed right there was a sham. But the unlimited access to the 500k on a per deal basis had me blindsided and seeing stars because cash and credit are hindering me from getting into the wholesale market.
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Aaron Mazzrillo
Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
12y
You can call up any hard money lender to get access to money. You don't need to pay for a seminar.
2 Reply
Brian Illingworth
Brighton, MI · Member since 2013 · 29 posts · 4 votes
12y
I went to the link by Tom Brunell and I had to read it. @rob k hit the nail on the head, the majority of the show just has a staged feel to it. I found the best way to watch the majority of the show was with mute on. I suspect a good portion of the seminar will be staged, and when the sales pitch starts turn on mute.
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Brian Illingworth
Brighton, MI · Member since 2013 · 29 posts · 4 votes
12y
Sorry I wanna give proper credit. That link was by Raymond B.
1 Reply
Martin Zawarski
Contractor · Easton, PA · Member since 2013 · 152 posts · 58 votes
12y
a good percentage of what you need to know is here or by asking you get answers you need. There is nothing like real world experience to go with it. Every deal I have done is so different and takes on a life of its own.

The tickler seminars I would go to , I have learned some good things from these. But I will not drop the big bucks for these.

I have downloaded all the podcasts and listen to them over and over again. Why --- because maybe something that was said didn't apply to what I was dealing with but now it does. So listen to these often. It is for free it puts your mind in the right place, thinking about deals and how to structure them, Where to focus. The podcasts are great
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Tom Brunell
OP
Easton, PA · Member since 2014 · 6 posts · 1 vote
12y
Martin Zawarski I'm finding a lot of useful information. I need to find capital and get rolling. Any thoughts?
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Bill Gulley
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y
Originally posted by @Tom Brunell:
Martin Zawarski I'm finding a lot of useful information. I need to find capital and get rolling. Any thoughts?

Let's see, you need money to get into a deal and you're thinking paying two grand to some guru will advance your cause?

Two grand can get you into several types of deals. The problem is that you're trying to follow niche strategies and aren't getting the big picture due to missing the basics of real estate knowledge.

What's the difference between joint tenancy and tenancy in common? Find a motivated seller who needs repairs, buy an interest in the property, go fix it and sell in a partnership. There are thousands of ways to do a deal when you can drill down to the basic concepts of RE.

You won't get that from any guru or seminar I've heard of, nor will they loan you money. Keep you money and put it to better use. :)
2 Reply
Martin Zawarski
Contractor · Easton, PA · Member since 2013 · 152 posts · 58 votes
12y
owner financing of some type from down money to full loan on property deals are out there. Find them! Once you find one, you will have a ah ha moment and many more will follow.
1 Reply
Steven Biter
Real Estate Investor · Clarksville, TN · Member since 2012 · 4 posts · 5 votes
12y
@Martin Zawarski is 100% correct about owner financing. After the initial internal fear of "there's no way that people would do this" is overcome and then you get someone to carry back financing or provide some sort of owner financing, you will have that "ah-ha" moment he describes and every deal from then on gets easier.
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Martin Zawarski
Contractor · Easton, PA · Member since 2013 · 152 posts · 58 votes
12y
podcasts 12 & 13 touch on owner financing. Listen to these very carefully. Go to a quite place. Put on headphones and have a table. Take notes , Then do
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Bill Gulley
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y
Yes, and after you listen to podcasts, look up my posts in the forums, some will get you in trouble. What else can be said?
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Account Closed
Rental Property Investor · Burnaby, British Columbia · Member since 2013 · 23 posts · 3 votes
12y
As someone who's put down 20k on one of those guru training programs(The usefuleness is debatable since it did propel me into action), I can tell you that there's nothing that digging up some willpower, sitting down and doing some self studies through BP, and spending $100 on real estate books and attending REIA meetings and building relationships with investors/brokers/power team members in your market can't teach you.

I'd discourage starting off your RE investing career by taking the easy route and trying to get the lessons handed to you when hard work and experience is really the best mentor you can have.

It's been said many time, but if you are able to find a good deal, there will be more than enough people/firms willing to fund it. How do you know if you found the right deal? By educating yourself first.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
12y
I tend to go both ways on this subject. Of course having been in the bizz since the late 70's my inclination is who would spend this kind of money for this kind of training. I have been to the call centers in Utah. This is were your 24 hour mentor is sitting in his cube with his script trying to up sell you all the time. nad the red bull and Mt Dew is free in the cooler on the floor.

YOu go into the meeting room and there is tombstones on the credenza.. with all the gurus they have propelled to stardom.. Its a huge money bizz as we all know..

So I was invited to one of the Bus tours last summer.. I was doing mezz financing for one of the vendors providing homes to be bought. As I wondered in and out of the presentations then went on one bus ride.

I met the following people.

1. a lady from Oakland CA.. who took the course 4 years ago and said she is making money flipping in Oakland and Richmond. I can believe that because of the area there are always distressed props there.

2. couple from Mid west did not know anything about real estate and were learning how much to pay for a square on a roof replace. and all other sorts of minute details to rehab.. So yes some value there.

My conclusion was that 90% of the people will never do anything. 5% will go out and make some great deals the other 5 will trundle along.. But there was nice comradery with the attendees they seem pleased to be there. And there were defiantly people that knew nothing about buying and selling a investment property and the 4 days probably saved them from trying to buy a home on there own and losing 30k on their first flip. And I have seen that more than once with clients here in Oregon that I lent to. they way over rehab and end up losing.. Or the person that comes to the trustee sale and buys that 3 td having no clue there is a first second and they thought they just bought a 300k house for 30k.. that kind of thing
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Robert AdamsBusiness Member
Real Estate Broker · Henderson, NV · Member since 2009 · 1k+ posts · 373 votes
12y
It is pretty well known that most of the real estate gurus that speak at seminars for a fee (usually a high priced fee) are making more money selling seminars than they are selling real estate.

Save your money.

Read as much as you can online on sites like this one.

Find a mentor in your local market (that will work with you to answer questions and guide you, not charge you)
[email protected]702-349-9175
The Adams Team at Rothwell Gornt Companies4.971 Reviews
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