Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

5,700
Posts
8,832
Votes
Don Konipol
#1 Wholesaling Contributor
  • Lender
  • The Woodlands, TX
8,832
Votes |
5,700
Posts

Why I will no longer answer questions from the unknowledgeable

Don Konipol
#1 Wholesaling Contributor
  • Lender
  • The Woodlands, TX
Posted

For the last 15 years I have been answering questions from unknowledgeable wanna be investors who watched a guru on YouTube and now wants to know where to get the earnest money to tie up multi million dollar properties before he can flip them for $200,000 profits.  After I provide a true, unbiased reasonable response more likely than not I’m “attacked” for (1) being a “hater”. (2) having “it in” for wholesalers or subject to buyers or lease option advocates or land flippers, or….. (3) not “understanding” the strategy or tactic in question (4) being out of touch with the way real estate works today.  So, to separate the rare newbie who is willing to do the real work at educating himself on what really is necessary for success from the people who want to take what they perceive is the guru/mentor shortcut (or the “cheap” version in which instead of buying the program you hang around the edges seeking “free” information from those who have paid for those program) I will not answer specifically as to why the program they’re suggesting won’t work or is too risky or borders on illegal.  Instead I will offer a simple suggestion.  Read and study 

Principles of Real Estate Practice: 6th Edition

by Stephen Mettling (Author), David Cusic (Author

Or a similar text.  IF you do I will be happy to answer any or all questions you may have.  But if the newbie won’t put the effort in to learn (1) the principles of real estate (2) real estate law and basic real estate finance I won’t make the effort to share the benefit of my knowledge and experience. 

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

Most Popular Reply

User Stats

13,365
Posts
19,402
Votes
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
Votes |
13,365
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

The problem as I see it, is we live in an age of information, and instant gratification,...with a lot of impatience added leading to the use of shortcuts.

All of this leads to a complete lack of understanding what the difference is between information and actual knowledge.  The internet is full of information, and knowledge.  Both are valuable, but they are not the same.  Knowledge will give you complete pictures, systems, creativity, etc... and is contiguous. Information fills in where there might be gaps in the knowledge, or connects one set of knowledge to others.

Too often, due to my first paragraph, we find too many thinking that if they collect enough "quick" info, by shear volume, they have gained knowledge.  They haven't.  All they've done is create more gaps.

Loading replies...