Tax Lien Code

[Amaris Aguilar]

Hi everyone! 
I signed up for this 3 days boot camp with “Tax Lien Code.” 
Has anyone had past experiences with this company? Did you find value in it at all? 
Thanks in advance! 

[Don Konipol]

Quote from @Amaris Aguilar:

Hi everyone! 
I signed up for this 3 days boot camp with “Tax Lien Code.” 
Has anyone had past experiences with this company? Did you find value in it at all? 
Thanks in advance! 

The following is based on my personal experience and is my opinion; it may differ substantially from others

Attending seminars, boot camps, introductory lectures, etc., put on by people trying to “upswell” mentoring services, is the singly WORST thing you can do to launch your real estate career.  Here are the reasons

1. The information you receive is geared to motivating you to purchase additional services, at a large price. Hence the “information” is inaccurate, exaggerated, or plain incorrect.

2. You are led to believe that the guru will provide all the knowledge and information you need to be successful in some aspect of the real estate industry.  In reality to be successful in real estate you need knowledge of real estate principles, real estate finance, real estate law, and real estate practices. NONE of these is part of the “education” being offered.

3. You are fed unrealistic expectations, and told if you don’t succeed it’s your fault, because you’re being provided all the tools you need for success.  And told tales of people “just like you” who are less educated, have less money, and are less smart that made big bucks.  It’s total BS, or, it’s random luck of a very small percentage, like winning a lottery.

4. The “gurus” feeding this information are usually paid actors who have limited or no experience in real estate investing or the real estate industry.  Those that do were usually unsuccessful and or went broke.  What they did was hook up with one of the professional seminar producing companies that have fine tuned this crap to be able to hook people wanting a better financial future into spending $40,000 that will most likely never result in any income, let alone change their life’s.

People buying these mentorship programs are hoping to be able to cut short the process of education, experience, and capital needed to be successful in this endeavor.  

So what is the path to being a successful real estate investor?

1. Research (on line) for UNBIASED information about real estate
2. Read real estate articles in WSJ, NY Times, various real estate journals and magazines, real estate websites
3. Take a course or two in the basic principles of real estate.  A good basic course is usually the one taught as a preparation for getting a real estate license.  For more real estate investment oriented courses, CCIM offers 4 courses.  Also many colleges offer “principles of real estate” courses, “real estate financing” courses, etc.
4. Get a JOB in the real estate industry.  Apprenticeship is still the best learning mechanism. 

5. Accumulate a “grub stake” through a program of saving part of your income