Can you make more pretending to be a guru than doing actual real estate investments?

Question

How much money can I make pretending to be a real estate guru. Sure, I have success under my belt and have considered whether doing real estate training where I don't deliver real value to offer much more profit. Should I take this on in my area.

Nate Marshall · Answer

Don't even need to rent one just go to the local dealer and get a picture and then edit it. There was a guy who took a picture with one of the Broncos players cars at the Denver Bentley/Ferarri dealership. They also went to the local airstrip and paid a ground ops guy $100 to get pics with a gulfstream that belongs to Rob Walton of Walmart.

Guy Gimenez · Answer

Sure you can...but it's a crowded market. Make sure you find a vacant mansion for sale, rent a Lambo and get a pic in front of the house while leaning against the rented car (side view of the car only so the plates won't be visible)...then you're on your way to ensuring the fool and their money are soon parted. The good thing is that in a world where there is so much information available at our fingertips, few will actually use it to vet a guru. The "guru" business model works.

Account Closed · Answer

I see the humor in your question. But, to be a good sport, I'll answer it.  Are you good at marketing? Can you make a convincing case that you will either teach someone something they want to know or cut their time learning something they want to learn? Can you give them "one on one" guidance, every week for a prolonged time period? I make a lot more on the deals I do, than on coaching someone. I get better tax write offs doing real estate. I get better long term wealth doing real estate. But, if your head is filled with information and techniques that aren't generally known, you can offer benefit to someone who needs direction. If you like people, it's a great way to see students get the "ahah moment" and become more successful. Convincing them to spend the money, to learn what you have to teach is part of the challenge. And oddly, if you do it for free, people stop showing up after the 2nd or 3rd lesson. My time & experience are worth something. So I limit my students to those who want to achieve, have some money to work with and want "one on one" training to get to the next level. If you do as someone who is popular on Facebook doing Subto, who says his students pay $8k to join and he says he has 5,000 students, that adds up. He does not personally train people, the people in his "community" train each other. To me, that's like paying for a college course in Dentistry, the prof never shows and the other students try to teach each other how to drill teeth when they don't really know how. I can't figure out why I would pay for that. There are real consequences to getting things wrong. I've looked at the "community" and they are getting a lot wrong.

Henry T. · Answer

Yup, and Biggerpockets is a great place to start. That's why we're all here, for the BIG paychecks.

Jay Hinrichs · Answer

there is big time money in being a guru.. the trick is having some personality and then hooking up with a really good fulfillment company that will do all your marketing and set up all your events etc. these companies are primarily located in Utah.

I have worked with a few of them  Armando Monntelongo  Nick Vertucci  rich dad etc.. I was back of the room lender helping their students buy rentals and or do flips.  Nick i know the best as he was one of my first HML borrowers when i started doing out of state lending.. He was/is a policemen then hooked up with some lenders and a flipper in Detroit and they had a 1 hour radio show on Sat. morning in LA they paid I think 20k a month for that show and that was early 2000s.. so after having a run with selling Turnkey that i was funding . BRRR lending I started in 2002. one of the first to do it out of state.. Then Nick hooked up with Armando and once Armondo was out of TV the big fullfilment company in Utah picked him up and blew him up.. I would go to those events that were monthly and there would be 300 to 500 folks each event paying 30k each.. I suspect it cost him 70% or more in over head but still I think he made a million a month or so doing that.. Then Nick went out on his own doing the exact same pitch made himself millions and now just plays Poker and has a Poker U tube channel.  Dave Del Dotto one of the first got into Wine and has 3 Wineries in the Napa valley I used to live across from one of them.. he made a bundle.. etc etc etc.

Can you make more pretending to be a guru than doing actual real estate investments?

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