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Updated about 8 years ago on . Most recent reply

User Stats

7
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3
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Daniel Fernandez
  • San Bernardino, CA
3
Votes |
7
Posts

Should I invest on a Condo or Pay for GURU

Daniel Fernandez
  • San Bernardino, CA
Posted

Hello everyone, On december of 2016 I finally  decide to make and move and I when to auction.com and submit a bid for a condo in Tulsa, OK. Im From California but I when to college in Oklahoma, I know the area a bit and in fact I have a rental at the moment and is cash flowing 200 bucks a month. not much but the house only cost me when I purchased back in 07 67,500.  So with that in mind i make my bid for the condo and I think after repairs   i be in for 45  and If i rent it i will have about 250 cash flow. Im not financing  all my savings are going in. but I have a good solid income so im not worry about not cash flowing for a little while.  Im thinning for the long run. 

Now I run a cross Peter Harris book and his approach is great. I got in touch and i was presented with an option of paying 15k for coaching  im not afraid of loosing the 15k but im not too confident when I research and can't find good reviews of the system.   My dilema is that If i will pull the trigger and go with Peter I will loose my EM and I don't really know if the system works 

I will Like to work and put my skill at work for some help. Im a professional salesman and natural entrepenur  who likes to work and im not afraid of hard work  eitheir 

Any advise  

Thank you in advance 

Most Popular Reply

User Stats

1,142
Posts
1,140
Votes
Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
Votes |
1,142
Posts
Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Replied

@Daniel Fernandez Guru's are a total waste of money. The BP community will give you more help for FREE then a Guru ever will. I was in a similar position as you last year, had $30K to invest with and looking to get serious into REI, was considered spending $15K on a Guru that also included a Leads program but after careful research I decided to invest the $10K into myself and marketing and the other $20K into my first property. It paid off as I had a great year, ended up purchasing 8 properties, flipped several for good profit and reinvested the same money over and over in more properties, sold a few with seller financing and have 2 that were just purchased all cash the past few weeks.

I agree with @Daniel Johnson there are great deals in Oklahoma if someone is interested in our area.  You can buy in all price ranges depending on location.  I mainly buy in the smaller communities myself because I can pick up properties for under $40K all day long at substantial discounts and my business model is either wholesale to other rehabbers, rehab them myself and flip them either all cash sale or with seller financing, which works well in properties under $70K that are difficult for most people to get a mortgage on.

Okies are more then willing to help others, just ask any of us if you ever need local assistance.  Good luck!!

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