All Forum Posts by: Greg Moore

@Ronald Rohde - no building, just raw land.  It would need to be rezoned and developed, building erected, and business (restaurant) created and marketed.  Good news is the friend who owns the property is a seasoned business owner, investor, developer.  But he is getting on in years, and looking to me to bring ideas to what we might do with this property.  My current thinking is:

1. Buy acreage larger than needed (seller financed, or Lease Option)

2. Rezone, develop, build

3. Sell the portion I don't need in a few years (or consider any number of alternatives that pay off the portion I do need)

Figured I would close out with my comments on Day 3 (because I know you’re all waiting with baited breath!)

Today was filled with many breaks so the extended team could finish hawking the advanced education. It was priced around $30k with financing options so you could float payments while you do your first deal. It was obvious why one of the case studies done on Day 2 talking through a similar strategy on a home (buying on a credit card) surfaced to set up the “buy your training on credit” pitch that would follow on Day 3. Those that purchased the training were given big “ELITE” stickers to help them stand out. The last 90-120 min were left open for the first opportunity to ask questions in a group forum. The extended education hawkers knew I was not interested so completely ignored me, for which I was grateful.

The upsides from the day were insights on wholesaling and asset protection from a terrific instructor who really knew his stuff, was a terrific presenter, and had the kind of real-life experience you’d expect for this content. He made the course easily worth the $495. I would have paid much more ($1500-$2000?) if it was stripped down to 1.5 days of technical content and strategies, and eliminate the 1.5 days spent motivating unmotivated people and hawking $30k courses. I’m sure there is value for some in these advanced courses, and I was happy to see some making the investment. As for me, I have a mentor, have begun assembling my team, have several deals under my belt, and knew much of the material. So while the course is worth the admission price, is aimed at someone who has not taken the first step, and needs motivation to do so.

@Greg Moore

Just finished Day 2. Also received a lot of value. Of course, much of the day was spent pitching the need for a mentor, and repeatedly saying “Don’t focus on the cost. Focus on the returns!”

The instructor is VERY knowledgeable and I’m greatly enjoying his energy and insights. He confessed the class is 50% content, 25% motivation, 25% sales to future classes. This made me think of a better solution: you know how Amazon sells its tablets with advertising built in, and if you want the advertising removed, you have to pay more? Similar to free apps where you have to pay to stop the advertising. I would GLADLY pay more to attend a shorter course with no sales pitch. (I hope Legacy Education sees this post!)

@Lynn Maher

I know your post was many years ago, but people still find this thread when doing a general “Rich Dad” search on Google. I did, and that’s how I found BP.

I just completed Day 1 of the $495 3-day workshop. Instructor was/is excellent and I learned a lot. I’m en route now for Day 2.

I’m expecting today is the day they make their big pitch for $30k education. There are 3 additional Legacy Education people in the room and we were asked to fill out a form with a lot of personal financial details. I can see how this benefits them, but not me, so I didn’t fill it out. I paid for a 3-day learning event— not a sales pitch. They have a classroom rule: “No Solicitation” which I’ve reminded them of. I won’t be purchasing more education as similar education is available elsewhere including here on BP, from several sources listed in this thread, and most importantly from my mentor and coach (at NO CHARGE!)

Still, I have received $495 of value just from Day 1 alone, so I would say it’s worth it.

I have a friend with waterfront property in FL that wants a restaurant. And I have several friends who are executive chefs. The property-owning friend is open to a commercial relationship.

What is my best play here?

- Broker introductions and get a fee?

- Stay involved and get some passive income?

- Other?

Not sure what my options are, but I would like to see my waterfront property-owning friend see his dream come true.

Please discuss...

@Scott Donahue

Never in a million years! A great property manager is worth their fees and then some. In 12 years, I’ve never missed receiving a rent payment thanks to excellent property managers!

Greetings fellow BPers! I’m new to the site. I’ve done my first deal (single family). Now looking to expand and accelerate (wholesale, multi-family, commercial).

How have you used this site to do that?