Those who can't succeed... teach?

[Michael Guzik]

Hey Guys I was on another forum and Tim Gordon posted something that really struck me. He said " At this stage of the market, those who can't succeed teach." This is something that I wholeheartedly agree with and something that really fires me up. I think it is morally wrong for these gurus to take advantage of newbies and people interested in real estate when they themselves are not truly masters or successful. Usually they know just enough to sound smart, and make it appear as though they are a master or real estate mogul. I remember I attended a real estate weekend boot camp and the guru showed us his 1099 to brag and show how he made 2 million the previous year. While others were gasping and drooling over this I was examining it and saw that he made over 1.3 million from his company that sold courses and offered coaching. This was my first encounter with a "guru" and really just opened my eyes because I had been ignorant up until that point. I don't want to start throwing out names but the first person that comes to my mind is Tai Lopez. These are the people who have literally become famous from these corny, sleezy ads where they rent nice cars and houses to impress and trick people. I was wanting you guys input/opinion on why you think they are so prevalent in today's world/market? It seems like there aren't any good guys fighting the good fight? What really upsets me the most about this, is that these gurus are the reason why REI have a bad name and are seen as con man and people trying to rob you blind. This has been something that has been on my mind lately and I'm wondering if I am the only crazy person that doesn't like them?

[Jay Hinrichs]

well i am going to take the contrarian stand here on your post.

I agree with some of those that sell wholesaling i see as bottom barrel guys simply because the way they teach it is illegal in many states.. 

but others that teach basic. flipping techniques they are all real its legal  and just because 400 people sign up and only about 20 will do anything with the data  .. but that's all things real estate.

1.. Just look at a 3 year old thread on BP you will not recognize hardly any names.. they all came and went and did nothing.. ( granted it was free or near free)

2. 50 to 70% those that try licensed real estate sales burn out in 1 to 3 years.. that's a fact.

3. 95% of those that take wholesaling how to course burn out and never do anything.. and probably 80% of those that buy direct mail and launch those themselves never do anything and that could be a low number.. I see it all the time on BP HELP i got a lead.. they do the mailing and have no clue as to how to close.

4. there are those that teach how to buy notes performing or  non performing.. Those are are for profit teachers as well.

Advanced training cost money.. whether its worth it to an individual is up to them.

Also keep in mind most of the BP audience is buying rentals.. as cash flow is all they want and they think being a landlord will get them to the promised land ( whatever that is) and buying rentals is about as easy as anything in real estate anyone who can fog a mirror can understand the concepts.. anyone with 20k in their pocket and a decent fico can get a loan now a days.. so yes that takes no special brain power or advanced training.