Originally posted by Joshua Dorkin:
Charlie -
First, stop worrying about all of these name gurus. Start reading the forums, articles, and BiggerPockets blog, here on the site. You'll start learning about all the various areas of investing . . . once you find one that gets you excited, start to focus on that. Keep reading, hit the bookstore and find a book or two on the topic, and then come back with any questions you've got. We'll help you out.
Finally, you'll start to put together a business plan and get moving.
So, basically, forget all the guru sales nonsense and start studying.
Well said... well said...
I couldn't agree more with Joshua, the bootcamps are informative I am sure... but you can learn the same stuff from a book and these forums... in fact if you want to send me $5000 ill point you to the posts whenever you want ;)
You will learn more just browsing, reading, and participating in these forums than you ever will at any guru session. Also beware that at least 75% of guru sessions are sales pitches "for the next level of training where we teach you everything you didn't learn here" which ends up being a lot because they spent so much time pitching you the next level up. In fact if you read Robert Allens book he goes into great detail about multi-level marketing and how this is a great way to make money... lets think about that for a minute... enough said.
Now, I know from personal experience exactly how you feel, its daunting and these guru's offer you the easy way to make all your dreams come true... been there done that... I would not recommend it. As I mentioned in an earlier post I nearly dropped 10G's on that stuff... instead I read and asked a few questions and I have parlayed that 10G's into 8 rental units and am working on closing a REO Flip right now, all while keeping my more than full time 50-60 hour a week job.... no boot camp, session, or anything could worth that, and that 10G's HAS been a learning experience. I made some mistakes doing it, everyone does, but now I know and I have learned something truly valuable that will stick with me because I have done it.
Sorry for ranting but I know how you feel right now and I felt some fresh perspective drizzled with a little bit of rant might hit the spot :)