Real Estate Investor · Malden, MA · Member since 2014 · 33 posts · 21 votes
Hello everyone,
just starting out in real estate investing and this site which has been a great read by the way.. so I almost fell for the bus tour 30k event in sunny California when I went to Armando's 3 day, $ 1,500 seminar in Cambridge ma last weekend... to be honest it was informative for basic flip techniques, but was so annoying listening to great he is at real estate investing, but I guess he is, I mean he has turn key properties for you to invest in which he already owns, then he owns the PM company that will be running your property so I guess hes making cash at every end of the deal !!!! to be honest I kind of still want to go !! then I say to myself take the 30k and do your own deals. But am I missing out on getting in with his network? I mean its all about your network right? Im building a solid foundation here in mass but is it easier in Orlando? California? Texas? IDK figured I'd get into some forums and see what's really going on , looking forward to see what people have to say about the "guru's" thanks guy's
Pretty sure it is free. I have no affiliation with the group, haven't even ever been to one of their events. Just had heard about it so maybe you would be interested.
In addition Justin above hosted his quarterly networking event last month at a project he had just finished in Reading, and told me that he will try to do that again for some of the future meetings.
The NEREIA in Chelmsford had some members host a meeting at a finished project in Lowell Last summer/fall.
The Boston AREIA has had no less than 3 different events in the past year or so where members let people come and look at projects and answered questions and stuff about them.
A very successful local investor has a couple of times the last few years done a "Bus Tour" where he brought people out to various properties and went though his evaluation process with them. This was a paid event but was only a couple hundred dollars and he also gave you the home study course that had the marketing plans, evaluation sheets and contracts (Which are all MA and NH specific and reviewed by local attorneys) and there was a class room debrief and discussion for several hours as well (I also bet he provided lunch:) ).
Anyway just pointing out these opportunities come up pretty regularly and are a fraction of the cost or just free. Get out to the local meetings and meet some people and find out what is going on in the area. Start learning and networking. MAYBE at some point getting into some formal program might be the right thing for you, but it should not be the FIRST step.
hello everybody that has responded to this blog thank you very much i had a conversation with ann bellamy and she had made me realize that some things really never change in life you have to ask a lot of questions and be patient things do not happen overnite she gave me some great advice about looking things up and where to get free advice and for that I'm very grateful thank you ann she never has meet me or my son an has offered some great things to me and the best was it was all done for free so yes i will be going to a free seminar in shrewsbury mass an waltham mass thank you again ann
Several others out there have a similar model, which is a VERY interesting one - charge significant fees for coaching new investors, and at the same time add them to their list of somewhat captive buyers for the coaches deals. Since they coached the new investor, who is now appreciative of all they learned and then probably trusts them, the property they are selling the new investor must be a great deal since it is coming from the coach - obviously...:).
hello ted im lost to what your saying ann has not asked me to buy any thing or use any services she has not promoted anything either she just gave advice to look up the real estate clubs in my area and where their meetings are held
hello ted im lost to what your saying ann has not asked me to buy any thing or use any services she has not promoted anything either she just gave advice to look up the real estate clubs in my area and where their meetings are held
No, definitely not referring to Ann. That model is promoted by him and other coaches out there where they sell their own deals (either rehab or cash-flow) to their students.
as you could see I'm still trying to navigate thru this site thats why I'm responding back so late ted now i can see there just so much out here on the site i was confused earlier that why i asked what are you trying to tell me so thanks ted for your info paul
@Christopher Moran Having attended a Fortune Builders Seminar (They try to sell a $25k Mastery program), I've looked into a lot of the threads here talking about Guru's. The overwhelming response is you'll get more value out of that money risking it on a property and learning that way.
Another thing to realize is that there are no 'secrets' that these Guru's have that you can't find on here and in other, cheaper resources like books.
I actually found bigger pockets by googling" Fortune Builders scam"!! Best internet search I've ever ran.
The Orlando area bus tour was $250. Much easier to do than 30k!
Let me save you some money, here is what the Guru don't tell you.
1) Read and gain knowledge. (Most is free or low cost, just time consuming)
2) You need MONEY to start. (You or a partner need to have it)
3) Testicle Fortitude
If you have these THREE things you will go far. No fluff,No Secrets,NO I'm the ONLY ONE who knows this method CRAP. (But im willing to sell it to you and anybody else for a small price...remember we have a iron glad money back guarantee.
You have to have money to invest, and don't forget that time is money! Nothing is free and if you're not able to invest money you better be wiling to invest time.
Find a mentor and have them give you a free bus tour! In exchange tell them you'll write down the addresses of the homes and seal envelopes for the vacant properties you and your mentor find.
For 30k you could probably buy a bus and turn it into a real estate cruise of your own, just offer someone doing deals to split the proceeds. Just an idea.
AND THERE'S OUR KICKSTARTER! You're a genius Justin! There's enough people on this site that I'm sure $5 or $10 from everyone should be able to buy at least a small bus and fix it up and tour it. Who's in?
I was on the 2nd ever bus tour with Armando Montelongo in June of 2009. It was very expensive and I can tell you that made me even more motivated to get my money back, which I did.
Five years later, I can assure you I am not rich like the sales guys lead you to believe. There was nobody to "hold my hand", no insider lenders, no direct inner circle.
I since realized that I was in the minority when it came to actually doing deals and making money after attending a bus tour. Not many really make it happen. It takes more than a 3 day weekend. It takes an entrepreneurial mindset, dedication and determination, creative thinking, a thirst for knowledge that never ends.
Start with your local networking group. I learned more there by listening to what others were doing, how they handled challenges and it challenged my creative thinking on different real estate strategies. There is no ONE WAY that is right for everyone.
Since 2009, they have implemented a more expensive upgrade that they sell to you at the bus tour, so it never really ends.