My first REIA guess who was there?

Question

This guy named Ron LaGrand was with 3 other speakers at a REIA in Jacksonville tonight. One of the panel was experienced in short sales. 
LaGrand is doing a 2 day seminar for 20$/ free for REIA members this weekend. His theme, or part of it, SEEMED to be :buy all you can without using any of your money or credit.  He also said he would go for upper mid prices 350-500K. He was downing the cheaper properties because he said too many problems are associated with cheap real estate. Of course, he never came out said do it like X-Y-and Z-- to make gobs of money.  Nor did he say, "okay, here are the 5 steps, write these down."he said come to the seminar and I'll tell you more.  Hmmm? I was wondering why this proclaimed multi-millionaire in RE would tell his secrets. I Googled him...hmmm.. Now, I'm wondering if this is a good opportunity for me to mingle- 500 potential investors at the workshop this wkend-

:lol: I met a few interesting people at this setting and would like to thank the forum for suggesting I attend.  I realize I have to learn a few things especially when phrases and terms were tossed and I felt like Homer Simpson "DOH!"  Overall, it was a good step.

BTW; from the few tidbits I stitched together, a short sale has some certain procedures an investor should follow if looking to be successful. The short slae expert had 36 active SS's and would expect that 50-55% would go to close.

late

Michael Rossi · Answer

Solbergg,

If you would have just spend a few thousand bucks on the big seminar, bootcamp, or mentorinig, I'm sure you would have gotten the big SECRET to making money with real estate investing.

Mike

Account Closed · Answer

1. LeGrand has been around for a long time. He has some stiff to seel and it is not cheap. He does know what he is talking about so when he talks you are likely to learn some things. I suggest you leave your wallet at home so you can use it for some deals before spending money on seminars.

Consider recording his talk. An iPod with an add-on microphone ($39).

2. Use the search facility and check out short sales. The simple version is a lender agrees to accept less than they are owed to settle with a borrower. The borrower is facing foreclosure so the lender is cutting its losses.

3. Zero cost to network with a group of investors? Sounds time well spent.

John Corey

Scott Miller · Answer

If you have been in real estate investing long enough, you have most likely have stumbled onto who I percieve to have the most credibility in this area---John T. Reed...

He has attended ever seminar known to man and rates them for all of us to consider---this is what the man thinks about LeGrand...

[b]Ron LeGrand --- I do not recommend
$9,000 seminars. Gets people to attend live infomercials. I would love to charge $9,000 for a seminar, but I can't quote such a price and keep a straight face.

I listened to one of his tapes. It was the same old stuff all the other gurus preach. As is typical of other gurus, LeGrand left out much of the disadvantages of the various techniques. He also struck me as overbearing—which is irrelevant unless you are susceptible to being overly influenced by such people. When I get some time I will list some specifics here.

One of my readers told me “our distributor (Access) went bankrupt taking our money with them. It turned out that they were purchased by a company that also owned Ron Legrand’s BS factory six months before we took them on as a distributor.”

Another reader tells me LeGrand says he was once a carnival skeeball concession operator. Why am I not surprised? In general the gurus I do not recommend are salesmen, not real estate guys. Both carnival barkers and the majority of real-estate gurus are salesmen. Real estate investment requires far more than just sales skills. Telling people that you are a real-estate-investment expert, on the other hand, only requires sales skills.[/b]

LeGrand isn't the only one he reviews---see for yourself at http://www.johntreed.com/Reedgururating.html

Regards,

Scott Miller

N/A N/A · Answer

I don't think I got any leads. I had a realtor ask me if I wanted to contact her broker that would find properties for me that I colud flip. This was over on the Westside. Should I beware of the realtors "come on?"

Garrick Solberg · Answer

Exactly, and once I learn the SECRET, the thousands of dollars I will have spent on Ron's education will seem insignificant to the millions I am earning. Riiiiiiiiiiiiight.......

Anyways, happylogan, I didn't get your PM, but you definitely made the right choice in not going.  Find any possible house leads?

Garrick Solberg · Answer

I was at the REIA meeting as well, and I thought it was very informative, as well as a great medium for networking.  I generally dislike the guru types, but Ron LeGrand had a bunch of interesting tips at the REIA meeting, so I decided to check out his seminar this weekend (since it was free, afterall).  I knew it would be an up-sell, but I was hoping the sales pitch would be interlaced with good information to take away from the event.  I just left the seminar about half an hour ago.  The first 3 hours were extremely basic, and more time was spent showing pictures of previous students and their big checks.  That's great that other people made money in real estate, but I don't really care about them, I care about me making money in real estate, lol.  Anyway, I was planning on leaving at lunch and not coming back, but then Ron was going over his 5 day program and was having somebody draw from a deck of cards to see what his discount would be.  That was the final straw, I couldn't believe I was wasting a Saturday to watch such nonsense.  So, I'm off to the beach.

Conclusion: Ron's intro seminar's are the proverbial all sizzle, no steak.

N/A N/A · Answer

I spent this morning sniffing around the n'hood and now am I glad I came back to read your post.  I PM'ed you

N/A N/A · Answer

thankd-- I will save my money and check out the free stuff!!!

N/A N/A · Answer

20$ for this monthly REIA meeting and to join the group is a couple hundred.  The seminar is free this wekend for REIA members and 20$ for non.

Kevin Boylan · Answer

If you are interested in understanding short sales, here is a book that will do a pretty good job of explaining the whole process.

http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&EAN=9780471760849&itm=5

If I were you, I would join the REIA.  Membership usually gets you lots of worthwhile discounts at places you will be buying a lot of stuff if you are going to be doing rehabs.  Then I would go to the free seminar, but I would not sign up for the class.  As others have said, save your money for your investments and get your information from this forum, books, and at your REIA meetings.  And most of all, you'll learn from doing.