investor schooling???

Question

Hello,

Wanted to know from you, your opinions or personnel experiences  in regards to investor schooling. No, not from some guru. I have been thinking, I'm so new to the industry this may work for me since they are local to me. This company been around for 20+ years. They have an investor school and auction company. I have been researching them and I could only find one bad review. It seems like they have a good success rate from the testimonials.

My question for you.

What are some questions should I ask?

What should I look for??

All your help is greatly appreciated.

Sorry to ask this type of question. But I have nobody to discuss with in the industry.

Anson Young · Answer

I have a few specific 'how to' books I've read that I like:
Flip by Clay Davis/Gary Keller
Millionaire Real Estate Investor by Gary Keller

Some of the rich dad stuff is OK, not really nuts and bolts how to stuff however.

For a lot less money than that school, we can get you moving forward:

1. join local REIA, network network network
2. actively read and participate here as much as possible
3. read everything you can get your hands on
4. find an investor or realtor who will let you do some work for them for free or little money to learn the ropes
5. take action steps every day, read, talk, network, do

Robert Brown III · Answer

Free Info........

Google.... Real Estate Investor Groups, Real Estate Investor, Real Estate Investors, Real Estate training, Wholesale, Wholesale Training, Motivated Seller Leads, Motivated Sellers, How to Find Motivated Sellers,  ........ Google works like magic for free info ;)

Do the exact same for YOUTUBE... FREE INFO, FREE VIDEOS, .... Yes there will be people selling their stuff, however there is some KILLER FREE INFO on YOUTUBE!!!!!

LAST BUT NOT LEAST ACTUALLY MOST IMPORTANT .....

GET A LIBRARY CARD AND HIT UP THE REAL ESTATE SECTION READ EVERYTHING YOU CAN ON WHOLESALING THEN PUT IT TO ACTION!!!! .......

GO FIND SOME MOTIVATED SELLERS WILLING TO SELL FOR 50% OR BELOW CURRENT MARKET VALUE OR ARV / AFTER REPAIR VALUE MINUS REPAIRS THEN IF YOU ARE READY AND FEEL COMFORTABLE LOCK IT UP UNDER CONTRACT YOURSELF IF NOT HAVE ANOTHER INVESTOR YOU TRUST HELP YOU......... FIRST STEP IS TO SOAK UP MUCH FREE INFO YOU CAN.

SEEK AND YE SHALL FIND :)

P.S. SAVE THE 12K

HAPPY INVESTING

Ebere Okoye · Answer

Well said Anson, Could not have said it any better.  When you attend the REIA's find other investors who are willing to network with you. Some maybe rude but I promise you that there are others out there that will help. There is the Baltimore REIA, The DC REIA, You can look up the group led by Kenneth Gills in Baltimore.  While I love books, Real estate is a doing business.  In terms of learning, focus on where to FIND THE DEALS, FUND THE DEALS, FARM (SELL) THE DEALS. I have an article coming out next week on the 14 types of real estate investing but the bottom line to all of them is how to find the sweet deal, how to finance the sweet deal, and how to exit out of the sweet deal.

Carl Lester · Answer

@brad or anyone sale.

What books would you recommend?

I have read three books from beginning to end. 2 from a guru. It was ok. Learned a few things from him. It seems that these books out here are just a sales pitch on paper.

Any recommendation are appreciated.

Thanks for that clarification Curt.

Curt Davis · Answer

@Carl, CCIM stands for Certified Commercial Investment Member.  I think the training should be good but I hesitate to say its the best out there as Jeff believes.  Hands on training is always the best compared to book and testing to see what you know.  How is a Realtor going to know more or be better then an actual full time investor?

Brad P. · Answer

If you are willing to learn, read, and absorb, you should be able to get all the "training" you need for free.  When I started, I knew nothing except for the process I went through to buy my personal residence.  Find a mentor, work for someone doing what you want to do, and read/learn anything you can get your hands on.  I'm guessing you will get a lot more out of that than a $12,000 course.

$12,000 is a down payment on your first $60,000 property.  That's a BIG price to pay in a classroom setting.

Carl Lester · Answer

@Jeff
What does CCIM stand for???

Jeff Brown · Answer

Hey Carl -- If you're serious as a heart attack I'd strongly recommend you begin CCIM training. You can research it at the National Association of Realtors. Yeah, 95% of their so-called training is a waste of time. I guarantee you CCIM isn't. It's the best training for real estate investment you'll ever find -- anywhere. If you'd like a more in depth discussion, feel free to contact me.

Good luck!

Ann Bellamy · Answer

Just one point on REIA's - they are not necessarily non-profit.  Many REIA's are for-profit businesses.  And there is nothing wrong with that, just be aware.  If there is a board of directors and elections every year, it's probably non-profit.  The for-profit ones can be better organized because they are not relying on volunteer board members, but that's not necessarily true either.

You can find more REIA's in the Baltimore and Washington areas by going to nationalreia.com and doing wider google searches.

Ebere Okoye · Answer

Hi Carl,   The best advice I can give you is that you learn this business by doing it.  From m vantage point of being a CPA to real estate investors, I see a lot of money being spent on investor education with nothing to show for it. I also see a lot serious minded people making more money now in real estate than ever before. Join a local REIA before deciding to take a course. i am a member of the RealInevestors.com.  I have been there for 7 years. They have the general sessions, the paid sessions and classes that you can sign up for. But one thing I do know, it's not those who spend money on education that I see making money but those who are actually doing real estate.  Just my two cents. I always wonder what would happen if all the money spent on education is combined to actually purchase a property.  I hope this helps

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