Want to work with a Real Estate Guru? Something to consider . . .

[Joshua Dorkin]

A friend of BiggerPockets, @Justin Pierce reminded me this morning of a piece he wrote at the end of 2013 about a real estate guru that I think is an important read for anyone considering working with a guru:

Colorado case offers cautionary tale on real estate investing schemes (via Washington Post)

There is some good wisdom in there folks....

[Rick H.]

I think the majority of conflicts arise out of unrealistic expectations. 

From the trainee's perspective, new folks believe a trainer is going to provide them a treasure map that leads to certain riches.

From a trainer's standpoint, they know most trainees will get distracted, become frustrated, loose interest and go on to the next thing that will capture their attention (for a time). So, investing you much time without a clear financial commitment from the student does not make sense.

The trouble arises when trainees' have spent serious money on the front end but before they understand the fundamentals and try to take shortcuts. As I've said on these forums before, the time to invest in training is not until you've learned the basics of real estate snd are ready to focus on a niche. And even then, many people are not ready to use the tools they purchase or how to 'implement the implements'.

I can give you a treasure map and sell you a shovel, but you (the new person) must still do the digging!