Are REIAs a scam?

[Lisa Marie]

Dear BP,

I'm attending my first REIA event today and it seems like a scam. I'm a bit skeptical when they are throwing stories of $$$ left and right. Any thoughts?

[Michaela G.]

It's all what you make of it. 

99% of wanna-be investors, who go to seminars, will never buy their first property. They all blame it on the various gurus not teaching enough, lying about things etc. , when it's really more convenient for them to not go outside their comfortzone. 

The other 1% will learn and take kernels of knowledge from everyone they meet, gurus and other investors, and will forge forward. 

Heck, I got into real estate investing after a late-night commercial by Dave Del Dotto. Yes, I absolutely credit my inspiration to a guru, that was blasted as scammer. I'm forever grateful to him.