Please Note this is just an outline of a sample course and I am not selling or promoting anything. I am simply frustrated by the lack of straight forward, simple to understand real estate investing courses.
I was so frustrated that I took some time on my yearly vacation to design an eight-hour program that is aimed toward new real estate investors. I wanted it to be aimed at new investors and help them get on a path to successful real estate investing.
Let me know what you think.
Section 1: Establish Credibility
Out of the gate, you need to establish the goals of the program, review the instructors history (both pre-crash and post-crash), and discuss what kind of deals they are doing today. No fact real estate instructors, if they are not doing deals today then they can’t teach today’s students (my opinion).
Section 2: Discuss New Investor Challenges in Today’s Market
Today’s investing market is full of opportunities. Both success and failure can be had in this market with an investor’s first transaction.
Section 3: Homework
The greatest folly in most of the real estate investing courses I have reviewed is that they try to make real estate investing seem as simple as flipping burgers. Let me be very clear: this business is hard and it takes work. If you don’t have the extra time and commitment, don’t even bother; you can invest passively instead of actively.
I believe that homework is such a critical and overlooked part of the business for new investors that I designed a four-week program with specific goals and activities that should occur every week. The goal is to complete the activities in four weeks, but if they take six or even eight weeks, you will still be light years ahead of most new investors.
Section 4: Investing while holding a Full Time Job
As a full time employee and active real estate investor, I know how hard it is to keep on top of all the moving parts in this business.
I will also discuss our most important metric for evaluating deals. This one metric allows us to compare investment properties, regardless of condition or type of property. I will share the specific spreadsheet I use to evaluate deals and discuss the minimum threshold for a deal to be considered.
Section 5: Discuss Difference between Active and Passive Real Estate Investing
Today’s real estate market offers tremendous returns for investors willing to leverage the depressed market conditions. However, unlike most of the real estate material and books state, you don’t have to be an active real estate investor. Many people simply don’t have the time or live in a market that doesn’t offer decent returns, and they need to know they have options. Active Real Estate investing may sell lots of programs, but many people would prefer the options of passive investing.
Section 6: Bonus Material
In order to exceed expectations, I would offer the following material for review:
We would start by reviewing all of our deals over the last 24 months. We would discuss our expectations going in, the actual results, and review our lessons learned.
We would close the course by highlighting what we expect of the investor and what we hoped they learned after spending time with our material.
By creating the above outline, my goal would simply be to offer the best value in Real Estate material for new investors.