To spend or Not to spend

[Will Barnard]

That is the question.
For many people starting out who are interested in becoming RE investors, the question is always, what educational program should I choose and should I spend that money or learn on my own.

That said, I have a question for all newbies and even those who are now experienced but once started out with this dilema. What program or educational material did you spend money on (or would spend money on), how much, and MOST importantly, what was the end results?

I too have been a RE investor educator, but this thread is not intended for anythinjg other than statistical research for me and all who read it.

I want to know what you spent $ on, how much, and what was your result from that education.
If you are considering investing in educational products or services, what are teh options you are consiering and what is the cost of said material/program.

It is well known that most guru bootcamps and the like have very poor success rates, often below 5%. Most here on BP have been talked to and educated enough to know that most of these programs are a waste of your hard earned money as many are just scams.

I hope we can find some statistical info from the responses here to find out what has actually worked for others and what that cost and timeframe was. Of course, we all know that being a member of BP is the very best start you can get and all who frequent this site get tons of info and for FREE! God bless America! (and BP)

Thank you in advance for your participation. Please pass this thread along to others to gain as much exposure as possible. I believe this will be a big help in assisting newbies make the right choices in their educational process.

Will Barnard

[Vikram C.]

Of course there was a cost (not much, though). That's what I meant when I said "a form of payment for education."

The main cost, from my perspective, was the profit that I could have made that I did not make. But any business has a learning curve so I am happy with the way I did it and would probably do it the same way again.

I actually think that paying for a guru course or a mentor can be much more risky than what I did. In my case, I was definitely going to benefit and learn from the experience so the learning was assured. But if you pay money to a guru or mentor who turns out not to be good, then you have just thrown money down the drain with nothing to show for it.

Having said that, I must admit that if you can find an experienced and honest mentor, it can make sense to get their help. As Jon and Robert have mentioned, it would be nice to be able to get them to guide you by taking them out to lunch, but I guess sometimes you may have to pay for it as well.