All Forum Posts by: Account Closed

@Park Pratt

Welcome to BP and congratulations on not getting suckered out of 25K.  You can spend some time on here getting educated (See the "Learn" tab at the top of the page), then take that 25K and invest in an actual income property instead of giving it to someone else.  

@Michael Fundaro

I don't have experience with HUD homes, but I was a "student" (a.k.a. "sucker") in a Rich Dad "program" prior to discovering this site. As @Wayne Brooks pointed out, the information presented in the Rich Dad program was dated, not accurate, lacked specific details, and incorporated a lot of filler.  I dropped several thousand dollars on an education with that program - I learned that guru courses are garbage and are not a true reflection of how real estate transactions are done.  Team up with a seasoned RE investor or professional to learn about RE.  You won't learn the trade by listening to some long winded schmuck on a stage.  The Rich Dad programs and seminars are nothing more than a marketing machine.  They offer little information that one can actually use, so I found after the fact.  Secondly, you won't gain credibly in the RE industry by mentioning upfront that you sat through a Rich Dad seminar.  More often than not, you'll lose respect from experienced investors.  

Good luck with the HUD home

@Oniaaka Allen

Hi Oniaaka, 

Welcome to BP.  Streator is actually my home town and I know it and its people quite well.  Although I came close, I haven't done business in Streator.  I can tell you that you'll definitely want to get in touch with an attorney that's in the state of IL, preferably in La Salle County (assuming you're operating north of 12th st).  Do an internet search for RE attorney's and I'm sure you'll locate a decent one (probably in Ottawa). You'll want to vet them first before handing over the cash, however.  

I wish I could be of more help. 

Good luck

@Olivia Davis

Welcome to BP, Olivia. Go Big Red!  This is a great site to learn all things real estate.   Be sure to check out the "Learn" tab at the top of the page as there are many good resources there including links to the podcasts as well as some ebooks. 

I am also a math teacher and I also moved to CA from the eastern part of the country.  As a  side note, a state-wide error regarding certification in Mississippi doesn't surprise me in the least.  Consider it a blessing in disguise (Mississippi consistently ranks last in teacher pay and student performance). 

Best of luck,

Chris

@James Austin

Welcome to BP, James. This is a great community to be apart of. One could spend a year of continuous time on this and still be learning something new. Be sure to spend some time under the "Learn" tab at the top of the page as there are a number of free and useful educational materials available there. The podcasts are excellent and the ebooks are pretty good (you'll have to ignore the typos and grammatical mistakes). If you're serious about learning RE I would recommend attending your local REIA and networking with experienced RE types. The educational materials here are great, as I've mentioned, but mentorship is king. Lastly, don't be afraid to ask questions on the forums here. There are many savvy RE investors and professionals who don't mind sharing their thoughts. As was told to me, one will never learn if one does not make the first move.

Best of luck

@Denny Kisner

I definitely gained an education with the Rich Dad program in that I now know I shouldn't have dropped several thousand dollars on a mediocre (at best) product.  All of the information covered in the Rich Dad program is available for free right here.  You should know that although Robert Kiyosaki's likeness is used to sell the program, he himself has nothing to do with it.  

I also learned the hard way that by signing up with the program my name and contact information was distributed to other companies who contacted me and pushed garbage products.  In short, the marketers of such guru programs are masters at suckering people out of money, without a whole lot of useful information in return.  

As stated in a previous response, your best vehicle by which to gain knowledge is to network with experienced RE investors. Your local REIA is a great place to start. Other than that, be sure to browse the free educational materials under the "Learn" tab above. The podcasts are fantastic (with regard to the information) and the ebooks aren't too bad either.

I do not have any experience with Fortune Builders, but my guess is that there no better than the Rich Dad program.  

Good luck

Welcome to BP, Jelani.  This is a great community for learning RE and networking.  Like you, I also became interested in RE via Rich Dad Poor Dad.  The book offers a nice introduction to re-establishing a mindset with regard to finances, but it lacks the specifics with regard to RE investing.  To pick up where Rich Dad left off, I recommend browsing the resources available under the "Learn" tab at the top of the page.  There, you will find links to the podcasts as well as ebooks. 

Furthermore, since you mentioned you attended a Rich Dad seminar, I would not recommend the Rich Dad real estate investing program, which I was a "student" of prior to discovering this site.  I paid thousands of dollars to learn a limited amount of information, all of this is completely free on this site. 

Welcome to the community.  Best of luck

Chris

@Matthew Vezzani

Where's my manners, I almost forgot, welcome to BP.  Be sure to visit the "Learn" tab at the top of the page.  You can find lots of useful materials there including links to the podcasts and some ebooks. 

@Matthew Vezzani

Rich Dad Poor Dad is a great feel good book, unfortunately it doesn't offer any actual lesson to the reader other than offering a different perspective with regard to finances.  Rich Dad Poor Dad was the motivation behind many RE investors. Just don't sign up for the Rich Dad real estate program. Its total crap.  I know from experience.