Although many out there believe that new investors should stay away from gurus and you can get all the information you need here on the forums. While I believe that the discussions here are invaluable I wanted to share a way to get information from the gurus for free, sort of.
I won't mention any of them here but I came across several investors who seemed to be knowledgeable in the areas that I am focusing on. As long as they had a money back guarantee I signed up. It didn't matter if it was 7 days or 30 days. I made sure that I had the time to get into the program and then I went all in. I paid for it on my credit card and then before the end of the "trial" I cancelled.
Using this technique I have been able to get thousands of dollars worth of training for FREE! I learned about wholesaling, master lease options, fix and flip, HUD secrets and much more without spending a dime! And I never had a problem getting a refund. The key is to only go after those programs that offer the guarantee.
Just be careful and make sure that you have the money back guarantee IN WRITING.
I purchased a "real estate course" with an UNCONDITIONAL money back guarantee. The course turned out to be 95% internet marketing and 5% real estate. (The 5% being: dont do it till you are rich because mistakes that are someone else's fault can brankrupt you.) Not what I wanted. Not was represented in the marketing.
Guru refused to honor the guarantee. I disputed the charge on my credit card which he also fought. Luckily, I had all kinds of documentation and my credit card company backed me.
I'd be careful about signing up for these programs if you have no desire to continue your education with them despite the money back guarantee. Once they have your email address, it could be difficult to remove yourself from their list. Plus, there have been some who sell email addresses to other groups.
Are you proud of this? You obviously found value in what they were offering
"Using this technique I have been able to get thousands of dollars worth of training for FREE! I learned about wholesaling, master lease options, fix and flip, HUD secrets and much more without spending a dime!"
What you're doing isn't illegal but it's highly unethical, in my opinion. Do you also return clothing to the store after you've worn it a couple times?
I never minded spending money for information. I usually learn at least one thing that helps.
I'm not sure it is a good idea to advertise the fact that you intentionally sign up and cancel after you've gotten some value out of it. You may want to rethink that strategy. That line of thinking will not serve you well in the long run if you are building a business. There are other ways to get quality FREE education. One such method is called "The Windshield University". There are a ton of information FREE to listen on podcasts. That's where I learn everything I need to run a successful real estate business from wholesaling to landlording to ethics.
This strategy could be applied to a lot of things. Home Depot, for example, has a very liberal return policy. So you could buy some tool that you rarely use, use it, then return it. IMHO that's highly unethical. I do return HD purchase if I don't use them, including tools. Or if a tools turns out to not work. But if I'm able to use it, I keep it. I have, for example, two pneumatic test plugs I needed for a project. About $50 for the two. Used only once. Once clearly had been bought, used and returned. But they're keepers for me because I did actually use them.
Jon Holdman, Flying Phoenix LLC
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