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Updated about 7 years ago on . Most recent reply
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Help me out before I make a stupid decision!
So I just finished Day 2 of the Legacy Education weekend seminar. While I do enjoy the stories, I feel like I'm only getting 25% actual strategy and knowledge. Day 3 is where you make the decision to pay 27k to proceed or not. I rather prefer not to. The one appeal is that I get a mentor who will help me out when I need quick advice but I feel that may be a heavy sales pitch from them.
They did give me advice on what strategy to start with since I have lack of capital and just starting out. Wholesaling and Leasing.
Do you think I'm better off just learning off Bigger pockets, going to my local REIA and going out on my own? Or joining them, getting a mentor as they state and learning the creative deals they advertise. Leaning towards not doing it just because I know its not the only option, but been wrestling with this most of the day.
I know I can be successful in this and already have been putting in tons of hours in reading books and listening to BP podcasts. But knowing where to start as well as having a mentor is what I really need.
Help a newbie out, all advice is appreciated.
Best regards
Most Popular Reply
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I highly doubt if anyone here is going to recommend you spend $27,000 on a seminar to teach you information which is easily attainable here.
When I was bigger into stock trading, I once was told that I could do all the reading and talking that I want, but the best way to learn about day trading stocks is to deposit $5,000 into an account and start trading, knowing that you're going to lose it all.
Personally, I think that is the best approach. Of course spend time learning the basics of what is going on and make sure you have a decent grasp so that you don't make horrific mistakes day 1. Once you know the basics, take that $27,000 and put it toward a property that you have analyzed and feel is a smart move. You will learn so much more in the first few months, far more than you will from a weekend seminar.