Providence RI at Hilton 9/6

[Karen Beadle]

anyone going to the event at Hilton Hotel downtown Providence RI 6pm with fortune builders? I am going but inviting anyone (saw it on facebook and registered) its free

Grant Cardone said if you need to build capital flipping is worth it as a start before buying large multifamily apartments

I just moved from Boston so need new  investor friends

[Anthony Thompson]

Karen, I won't be attending but I can recommend a tip that could save you thousands of dollars: Leave your credit cards at home.

Most of the free / low cost seminars give you a few crumbs of information but are mainly sales presentations designed to "upsell" you on more expensive "boot camps" and/or "mentoring programs".

They all follow the same classic sales formula, they'll tell you that it normally costs $X (you can even go on their website and see that price) but "today only" or "only for the first N people to sign up" they're putting on a special deal.

They'll do the whole "this is how much it would cost individually but here's an incredible package deal" etc. And they'll create a feeling of scarcity by saying this deal is only good for a limited time or for the first N people to sign up. They'll even say "for the first N people at the back of the room, oh it looks like some people are already heading there now"

I would strongly recommend, even if they've "sold" you on the value of something, at the very least sleep on it, wait at least 24 hours. Trust me, they will not turn away a paying customer the next day and there's a 99.9% chance the same deal they swore would expire, will not have expired if you still want it.

Another thing you could do, if it's just a "course" you'd be interested in buying (as opposed to a boot camp or mentoring program), is not buy it at the event, but ask around in your local REIA or post on the Internet to see if there's anyone else who bought the course and doesn't need it any more, who'd be willing to sell it cheaply. Chances are it's just gathering dust on their shelves and they'll be happy to do so, and you will have saved a ton of money.

As with most lessons in life, I learned this one the hard way, so I would urge you to consider leaving the credit cards at home and not get caught up in the sales pitches and wait at least 24 hours before buying, if you still feel you have to do so.