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Updated almost 5 years ago on . Most recent reply

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23
Votes |
78
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Why Are there So many Real Estate Mentors amd Teachers?

Account Closed
Posted

Never have I ever seen any other industry so ready and willing to  give out so much information about how to profit from real estate to  potential/ future competitors. I find it interesting and even a bit suspicious. There are THOUSANDS of books on how to invest in real estate and start your own business. There are tons and tons of podcasts. There are a myriad of guru training courses.  There are  scores of free websites , articles, and forums like BP that give away a wealth of information. Why? It seems that with this, coupled with extremely low barrier to entry and  a limited supply of land and real estate properties ( especially  commercial, such as apartments), and  the expansion of  major national/global brands who have billions of capital at their disposal, would be a recipe for oversaturation and major competition. Why would  investors be so eager to share advice and tips? Isn't that  shooting ones'self in the foot?  I know real estate is supposedly local ( although I feel that bug institutions beg to differ), wouldn't that be an even greater imcentive to dominate your market  instead of telling your competition exactly how you did it?  What do these people  get out of sharing their secrets and trainiing their future competition?  How will real estate continue to remain lucrative if so many people now have access to this information? I recently read a book that talked about fortune building, and history has shown that emerging big players, along with more an d more competitors entering  a market, leads to  shrinking profit margins and impedes growth. Why do people seem to think Real Estate is immune to this?  I'm not trying to start anything I just want to know the reasoning behind this phenomenon. Oh, and please no b.s. answers like, "Sharing is caring!!". I'm not convinced that everyone is just doing this out of the kindness of their hearts when business and money are involved ( although I know that se do).

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314
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146
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Eric Tait
  • Investor
  • Houston, TX
146
Votes |
314
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Eric Tait
  • Investor
  • Houston, TX
Replied

Research the "Law of Compensation" as was alluded to earlier, I personally divide the world into two camps of people.  

Those with a scarcity mentality or those with an abundance mentality.  Not to get super metaphysical on you, but either you believe that we live in a zero sum world where me making a dollar takes a dollar out of your pocket, or you believe that through human ingenuity and cooperation the pie continuously gets larger (sorry to mix metaphors).

I am a firm believer that if you put enough good energy into the world it will come back to you multiplied and I am big believer in what Zig Ziglar says "you can have everything in life you want if you help enough other people get what they want".

  • Eric Tait
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