I just signed up for Right Path Real Estate Education, You Going?

Question

I'd like to know if another BP members will be there so we can meet up!

Right Path Real Estate Education

Day 1 – Saturday April 2, 2016

Day 2 - Sunday April 3, 2016

Jason Bible · Answer

@Bill Gulley

Your post gave me a chuckle.  There's no next level or mentoring.  FYI, I don't have a method to take credit cards, however I would bring at least one card to the event as I am sure we will have a great time saturday night in city center.

Looks like my last post was pulled as it contained too much self promotion. I think it is obvious that I do not spend much time on BP, to busy actually buying real estate and managing our team of nearly 13 employees, so hopefully this is a bit more in-line with their standards.

I have paid for a substantial amount of education and I have also received free education.   I lurked here for years when I was first starting out.  One of the biggest challenges in education is quality content.  More often than not, I find that the vast majority of educators, free and paid, have little to no real deal volume and use that lack of experience as a foundation for education.  We feel we have a unique perspective as we have grown rapidly in one of the most competitive markets in the US.  Naturally, we were approached to host a class, since it is fairly obvious we are doing something completely different than what is available in the RE education market.  When we began the process of constructing a class we looked at all the classes we have taken and what was available on the market and asked a simple question "can we provide value?"  I had hoped that we could have simply pointed to another educator/mentor and refer new and experienced investors alike to that educator/mentor.  Unfortunately there is not someone we could send people to that has our same values or understanding of business. I've said for years that we run a sales and marketing organization that happens to be in the real estate industry.  I agree with your comment about apprenticeship.  My business partner is fond of saying that real estate education teaches students how to build a car pre-Henry Ford, when the industry should be teaching how to be Ford.  The reality is that most "investors" are little more than sole practitioners and the only real value in their organization is the real estate, with zero goodwill value.  This is one of the most important reasons why they can't grow their business into something that does not resemble a job.We also figured out that the outdated model of "taking someone by the hand" is incredibly ineffective as means to teach someone to build a going concern.  Most people assume that because they work in a business they understand business.  Nothing could be further from the truth.  Again back to the issue of investors being little more than self employed sole proprietors.  So what we decided to do was spend 90% of our class time teaching owners how to run and build a business.  The vast majority of folks attending the first class are people already in the industry looking to step up to the next level, no clueless newbies to "trick" into an expensive coaching package that provides little value.  These are folks that have a highly attuned "BS meter" and I am honored to have them in our class.

Regarding who is qualified to teach real estate, people like us are easily "googleable."  Although I suspect you read my "resume" that was removed today. It is a bit odd that you replied to a post in the Houston forum yet live in Springfield.  If you were local you would have a much better understanding of who we are and would likely have seen us on stage at a Houston event.   It is also convenient that we are on local biz radio for 5 hours a week and take live calls from the audience.  It is a live streaming show from anywhere in the world and you can call us anytime.  -JB

Bill Gulley · Answer

Yes, I am officially and I'm qualified by education and experience to teach real estate and business subjects at public and private colleges. You can read my profile here on BP, it's not all inclusive but I've described the highlights.

You said "Hopefully this one is different";  probably not, especially if they are active buying, selling or leasing real estate.

Most of the people who are new to real estate aren't seeking a professional education, they are really seeking an apprenticeship which is referred to as an education, it is, but it is a type of education, just as a master electrician teaches an apprentice. When the apprenticeship is over the student becomes an electrician, not an electrical engineer. On the average, electrical engineers make much more than do electricians. The engineer can do anything the electrician can but they can also do much more. The engineer has the greatest opportunity to earn money.

When you attend any education program that is based on the instructor's activities or business practices rather than the quality of industry accepted material along with the instructor's qualifications to teach it, you're going down the road of an apprentice.

Every industry has specialists, this is generally a path taken after the student is competent in the basics of their field and go into more of an apprenticeship area. A new attorney joins a law firm as a junior partner and then specializes in an area under the guidance of senior attorneys.

I've been looking for an excuse to say all this, thank you!   :)

Every industry has gurus, some are qualified and there are those that are not. Real estate is probably the best example of having unqualified "masters" teaching by an apprenticeship method. Since real estate is a regulated industry, having someone selected as your instructor or mentor who lacks compliance knowledge can be disastrous if that instructor teaches non-compliant methods or aspects that lead to non-compliance. Who you select is important and that ruler used to measure that mentor's ability should not be based so much on how many times they perform some task but more to their knowledge, communicating knowledge allowing the student to apply that knowledge for themselves.

That also means that what is taught must be easily or reasonably duplicated. This is why step by step guru programs often fail due to real estate being different than personal property and influenced by local markets. There is no real estate strategy that is best or that can be duplicated with the same (or any similar) degree of success in any market. This doesn't even address the skill level of the student who expects similar results. If you're basing your education on the perceived ability of the instructor making money, you're basis is incorrect. You are not them, even if they aren't puffing, hyping and lying about the financial opportunities that are easily applied.

You are not getting a true education when a program is tied to or supplemented by any association with that instructor or program. If you can't perform and apply what is taught without their assistance, you have been trained but not educated. This is how organizations are built, being trained to participate under the guise of you being independent of that group.

When that "program" is active in the business that is being taught, your chance of receiving an independent, comprehensive education is slim and none. You are generally being guided in how to participate so as to generate future business with the organization giving instruction. It's just business, their business!

There is nothing wrong with being an apprentice, but if you don't understand the industry, the way business is to be conducted and the basics of that business, you're going to be trained not educated. In real estate, all too often what such training involves will be unethical and even illegal techniques. Students are usually unaware of what they are being trained to do, their liability and the risks they take, it's not the group teaching or the guru that you might be bringing deals to that is taking that risk. Newbies are often used to some extent by their mentor.

So, how can a new investor or operator know what they are being taught and told to do is ethical, legal, reasonably replicated, accepted practice and actually profitable? You have to study the industry basics first, basic real estate! Along with that, being in any business you need to understand the rules of business, business law, contract law, a bit of economics, a bit of finance and some marketing.....it's not all common sense! Just thinking you're a business person isn't enough, you need to be educated in this arena. You need a good BS Meter!  :)

Bill Gulley · Answer

Sounds like the typical basics to the up-sell, not enough time to understand much of anything other than how to buy into the next level or get mentoring. Hope it didn't cost much. Intro to wholesaling is probably typical guru stuff.

Had you read a blog here on BP, "How to develop a good BS Meter" you probably could have saved your money and learned enough to ask questions here. Begin with the basics and you'll learn what questions to ask, all free!

If a car salesman said "this is the right car for you" do you buy it? You need to learn real estate before you're able to select the right path. Good luck and have fun there, keep your credit cards and checkbook at home! :)

Account Closed · Answer

I've not heard of Right Path but will check them out. I'm going to a meetup group Saturday sponsored by  lifestyles unlimited here in Houston.

Nick Collins · Answer

I've been to their event. Actually attended class 001. I listen to their radio show all the time. These guys are legit. They offer real advice and don't fluff anything. They are in Houston TX I am in Baltimore MD so no affiliation. Had I not joined another national Guru before meeting them I'd join their program 10x over.

Bill Gulley · Answer

Well JB, good to hear there is no up-sale which is the common "MO" for "educators". I agree that what is "out there" isn't being approached properly to teach real estate as a business, most are running a hobby or job. I already mentioned the subjects needed to be in business.

Glad to hear you cater to more experienced types who probably have a good BS Meter.

Also agree that many "teaching" never did any volume of business, how do you think I retired at 50ish, it wasn't by doing 20 deals! LOL Retired doesn't mean done, finished, inactive or not current.

As for posting in this thread, the geographic areas are not exclusively for those locals, anyone can reach out to others for any reason.

Teach someone to fish, they can take care of themselves. :)

Chris Bounds · Answer

I may attend this if my schedule clears. They are sharp guys and I'm sure it would be a valuable training for new or experienced investors.

Disclosure: They are sponsors for my meetup event.

Mark Sewell · Answer

I have been.  Well worth it.

Michael Wilson · Answer

I know this is an old thread, but interested in seeing if anyone has been to the three day event, and how valuable they felt it was. Thinking about giving it a shot, but wanted to get some feedback from anyone who has been.

Thanks in advance.

Eric Benzenhoefer · Answer

Here is their podcast - http://www.business1110ktek.com/pages/Right_Path_Real_Estate_podcast_page

I just signed up for Right Path Real Estate Education, You Going?

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