What was you best or worst Real Estate Guru Seminar you attended

Question

What's up BP members,

Please share with me your best Real Estate Seminar experience or your worst Real Estate seminar experience.

Thanks!

Jay Hinrichs · Answer

@Mike Alder

you may want to look on E bay for used course material from any of the guru courses the information is all the same there is only so many ways to skin the RE cat  as it were.

I attended one of Armando Montelongos 4 day bus ride seminars... AS invited guests I am a HML and they need those for their students.. although I never did any deals with them.

But it was a well run intense event it starts at 8 in the morning and goes to 1 or 2 at night.

There were speakers on all sorts of subjects.. and a lot of getting into the nitty gritty like what to pay for a square of roofing,, and how to set up SDIRA's really many many subjects. Albeit it was a little bit of a carnival atmosphere..

And I think it feeds well into the American dream of learning a business that took many folks many years ( like me been at it 40 and still don't know it all) to learn it all in 4 or 5 days. I think many US potential investors need to look at themselves not blame the Guru courses, they need to look at what is reality and what is a dream.. and the dream of RE rich's can be achieved but like any industry there is an apprenticeship that goes along with it.  ITs the American I want it now attitude that created fast food same principal.

I know its not popular on BP  as BP sentiment is  " hey  you can learn all you need here on this site for free) and or join a REIA but remember REIA are for profit now a days nothing its free there,  but there is a limit to what you can learn on line.. sitting on your computer listening to podcast or reading threads is just not he same as being in room with 400 people that are networking.

Like the meet up @?jmartin  is doing in CA this weekend many are flying in from all over the country .. many bought first class tickets are staying at the ST. Francis which is probably 300 to 500 a night so many are probably spending 2k to 3k for 2 days of networking... It cost money in this industry one way or the other.

So it really depends on what you want to get out of these coaching and training venues.

From my experience being there the folks that paid the 30k seemed very happy with what they did.. But as I sized them up based on my experience and talking with them over a glass of wine between seminars.. I could tell some would probably go on and make it work but like anything RE related Including and especially BP  many must fad away.

Wayne Woodson · Answer

Best Seminar: Real Life Experience

Worst Seminar: Rich Dad

Robin Secord · Answer

We are Rich Dad Students.  While I agree with many of the comments above & have had many of the same thoughts, I will say that the Rich Dad classes have introduced us to a whole new world that we didn't even know existed before.

Yes - there is a wealth of information online to help you learn, but part of the problem is that for us we didn't even have a clue on where to start.

Like many, time is a challenge for us both working full time & having a young family - all while trying to grow our business.

The 3 day Rich Dad classes provided a crash course for us.  They also gave us the opportunity to focus 3 days solely on education & networking.  When we are at home, it seems that there is always something else getting in the way.  By going to the classes, it also helps us to get energized & focus more on what we want.

I can see both sides to this, but for us the Rich Dad classes have helped us realize that there is a whole other world out there.  We are making our way slowly, but surely & now realize that we have many more options than we previously thought.

I understand that nothing beats real world experience, but I like to be kind of safe in my gambles & feel better once I have a little education to back my decisions.  Attending the Rich Dad classes gave us the basics, to gain the confidence to move forward.  We are now in the process of wholesaling our first 2 deals & gaining more "real world" knowledge every day.  We would not be where we are today in our real estate journey if it wasn't for Rich Dad.

Patrick Britton · Answer

Greg Pinneo.  worst of all.  all you have to do is google his name and "conviction."

Sean Cronan · Answer

I went to the Rich Dad Free seminar in order to get a discount for the $500 3-day "training" seminar. I paid $299 instead of $500. I brought a friend to the 3-day training. We barely made it through the first day and did not believe it was worth our time to attend day 2 or 3.

Rich Dad has more extensive training courses that offer the ability to dive into the How-To's of wholesaling, foreclosure, buy and hold, etc.. Those courses are a few thousand each. They also have coaching that can extend in upwards of $45,000. The 3-day seminar was a long, drawn out sales pitch for the training courses and the coaching.

I know people that have done the more expensive courses and have gotten something out of it. If I would have known the 3-day "training" seminar was a 3-day pitch I would not have purchased. Something to think about. I have learned more at my local $20 REI meetings, eBooks and networking with people than anything a $500 3-day crunch course could ever teach me.

Shawn Mcenteer · Answer

@Mike Alder I did the free seminar but did not do the up sale program.  I cannot say if the $500 seminar is worth it or not but I will ask the question, and I hope you ask this as well, if the person teaching the seminar is so good at what they do and can promise you can make large sums of cash through REI why are they teaching a seminar to hundreds of people?  If your teacher is truly watching out for your best interest they should not be charging you a fee.  What I am saying does not mean your teacher should not get paid, a good teacher will be a mentor and you as the student can help your mentor by finding him/her good deals and splitting the profits (one example). A very important ideology I believe in is finding a mentor that can help you when you need help not a person that may or may not answer your questions for x amount/hour when he or she feels it is necessary to speak.

If you want the answers to complete your first deal stay on Bigger Pockets and interact like your doing.

Shawn Mcenteer · Answer

The only one I attended was an online FREE Rich Dad seminar.  It did a great job to pump me up and motivate me to get active in real estate and most importantly it motivated me to buy the next seminar which only cost $500 lol.  I never did buy the second seminar but I did some research and much like the first seminar it would leave you on a cliffhanger leading you to a bigger, greater and yes more expensive seminar.  Ultimately each seminar is an upsale to the grand seminar which is equivalent to the cost of a semester at college.

Mike Alder · Answer

@Shawn M. @Jay Hinrichs @Sean Cronan @Patrick Britton

I appreciate everyone sharing! The reason behind the post stems from a 1 day seminar I attended to back in 2006 where the speaker shared all his "cutting edge techniques" I purchased his course materials $1,000.  I opened up the course when I got home and 90% of the material was literally photocopied from Ron Legrands course. I promptly returned as I already owned it since 2002 lol!

I was just looking to see if anyone had similar funny stories

Mike Alder · Answer

Hi @Wayne  Woodson

Thanks for sharing! No one will argue that real life experience is the best seminar!

I'm working on a project to see the success rate of seminar attendees that purchased a program, applied themselves and the outcome. I also want to rate the quality of support the coaching they purchased delivered. I'm sure its safe to assume it's low quality in most cases but I don't know till I ask. Any more insight on this is appreciated! Thanks

Mike Alder · Answer

Hi @Shawn M.

Thanks for sharing, I'm interested in knowing if the $500.00 Rich Dad course you purchased delivered enough value and information for you to complete your first deal or is it another series of concepts leaving you with more unanswered questions? Thanks

What was you best or worst Real Estate Guru Seminar you attended

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