All Forum Posts by: Account Closed

 This is so simple and straightforward, you just made me feel incredibly dumb. Thank you for this. Makes total sense.

@Dave Rav

I had done my homework on her far before she even posted on my thread.

She jumps in and tells me to invest $1000 into education and incidentally, her course is $1000.

I declined the opportunity to buy her stuff as I felt the money is better spent engaging in paid consultations with lawyers because I don’t need help finding deals, negotiating, etc. etc.

Deal structure (legalese) is where I’m stuck. This all started as a result of my finding it exceedingly difficult to find a lawyer who works with creative investors. I’ve solved that problem which obviates the need to buy any course.

I think that’s what every newbie should do. Find a deal. Call a lawyer. Skip buying someone’s course.

I don’t think anyone can disagree with that.

@Rick Pozos

I think I made a mistake in brainstorming ways to offer value to those more knowledgeable.

I should just keep it open ended. “What can I offer you in exchange for some of your time?”

As another gentleman said on this thread, I need to find those low key guys who don’t “guru” - just get deals done.

Either way, I can’t wait to offer value to those in my position in the future.

@Dave Rav

Spot on. I have to continue going to meetups to find these people.

Unfortunately, gurus are sponsoring meetups for the purpose of extracting as much money as possible from those who are gullible. It’s trial and error for now.

@Vince Mayer

Interesting assumption. I’ve learned something new.

Trying to figure out something of TANGIBLE value to offer those more knowledgeable than I am equates to being hard to work with.

Interesting. Appreciate you!

 Thanks again for your reply. You did mention in a prior post that you didn't read the entire thread and I think that may still be the case.

Let me laser focus on the points I was trying to make in hope to clear up confusion.

1. If I say "Wendy, how much money do I have to into the palms of your hands - right now for an hour of your time?" and you say "buy my course" - I'm running.  I say that because Just about every professional I know is able to assign a dollar value per hour for their time.  I've seen it range from $50 / hr for skilled blue collar labor, and have paid as much as $750 / hr for legal.  Additionally, I've charged $1,000 per hour for consulting on Clarity.fm.  I charged $1,000 per hour because that's the dollar value I assigned to my time. If you want me to stop generating leads and closing deals (in the biz loan field) to help you, you have to pay me $1,000 per hour. Thus, any GURU who has not assigned a dollar value to their time on a take it or leave it basis, is a scammer. Additionally, many GURUS don't realize that many folks would prefer to pay for an hourlong PAID consultation BEFORE forking over thousands of dollars for a course.   Incidentally, these people end up with deals they'll need help with - thus empowering the "GURU" to max out on how much they make from the newbie - but I'm sure you knew this.  
2. You're also still hyper focused on this 50/50 split stuff.   I think I understand why. Nonetheless, if I say Wendy "what can I put into the palms of your hands RIGHT NOW, that you can see, touch, feel, etc in exchange for your help?" And you say "buy my course" - I'm going the other way. 

In short, everyone has a price. I will walk 5 miles down the road stark naked for the right price.  

It's amazing that you don't have a dollar price / value assigned to your time for folks who are not interested in buying your courses but who are happy to pay you - YOUR RATE on YOUR TERMS and on YOUR TIME.  Ex; "Call me on Sunday morning at 11 a.m. and make sure you send me $2,500 on Saturday night otherwise don't bother."  

Your "price" can be anything YOU want it to be. A puppy. A cup of coffee. A signed contract ready for you to e-mail to your buyers. A $1,000 an hour. And on and on.  But GURUS tend to default to pushing folks to their online courses.

Someone buys the course, realize they're at risk for getting in trouble for not having a license, then, get spooked and leave. This is how the guru designed it to be. Most RE gurus know that most aspiring "investors" do not have the time or brain cells to pursue a license. 

It's a greasy game.

Can't wait to clean this thing up by uploading hordes of free content and CASE STUDIES to starve out gurus.  Enough is enough.

I believe you may be right.  

They did go the extra mile to explain that the type of financing done on the first mortgage was a rate and term refi which wouldn't change the effective date of the lien being filed.  

I'm "oversimplifying" but the way they presented it was akin to them taking over the 1st bank, putting in new staff, and changing the name and logo.  All underlying debt and / or assets remain the same.  

Again, I'm oversimplifying but that's the general "gist" of what they explained.  

That said, as I re-examined the piece of content I notice they said they got 6 lawyers involved.  They kept hammering away at that number and I have begun to deduce the following...

1. Saying it required 6 lawyers until they were blue in the face immediately places psychological barriers in the way of even EXPERIENCED guys who may be interested in giving it a go. Therefore, it's 100% likely no newbie who's spent $1,000 - $3,000 on their guru stuff will give this a shot.
2. Who in their right mind would hire 6 lawyers on an expedition into the unknown on a property where the owner was leveraged to the hilt?  How much did these 6 lawyers cost? 
3. I was mesmerized / intoxicated - they got me "high" on this story.  After doing more research and having my wife laugh at me for believing it, I sobered up.  What they did was truly brilliant.  However, the brilliance does not lie in the deal (if its real), it lies in the fact that this story is a drug. It's going to get newbies high enough to fork over $1,000 - $3,000 for courses that train them on how to drive for dollars.  

Thank you for your reply! I understand you're a guru and are uniquely qualified to speak from the position of being a guru.  Thus, I have a very simple question for you and any other gurus here.

If Jane Smith came to you and said "Mrs. Patton, what can I give you of TANGIBLE value - right now, in exchange for mentorship?"  Would you direct them to your course, or, might they be willing to fill another need? Or, would you have a cold hard cash right now price for them?  

I am of the opinion that the answer to that question should be simple; "an actual deal that I can actually make money on."  From there the guru should say "here's what I define as a deal. If it doesn't meet these guidelines, please don't waste my time (in a nicer way)."

This same exact workflow worked for me when I entered the merchant cash advance industry in 2006.  Before it exploded, you had to know someone to get in.  In order to "get in" - I had to cold call the telephone book from home until I produced enough leads to be "brought in."  

8 years later, I wrote the definitive book for Newbies... 

That aside, I am of the opinion that...

1. Most Gurus are scammers. Easy example. You won't find a single wholesale guru that will tell you the act of marketing a contract in a property you have no interest in requires a real estate license.  In short, getting a property under contract and plastering it all over Facebook without a license is a fast way to the poor house. No guru tells you that. Same with "Subject to" and "zero down."  They won't let you know that "hey, you may be in violation of equity skimming laws even if you have the most benign intentions."  Or "hey, you should probably have some money to cover payments in case the tenant / buyer bails on you..." "Oh, and if they trash the place, you're screwed..."
2. Any guru who is not willing to put a price on their time so as to engage with someone on a consulting basis is a scammer.  I made my Clarity.fm price $1,000 as a "middle finger" to folks in the merchant cash advance business. Yet, they've booked calls at that $1,000 hourly rate and I delivered enough value to keep a stellar rating.  
3. Any guru who is not willing to accept what amounts to $2,000 worth of leads purchased from Google.com, IN THEIR TARGET MARKET, and instead wants you to buy their $1,000 course, is a scammer. Google.com leads are HIGHLY motivated and HIGHLY expensive. 
4. Any guru who is not willing to accept 100% of the proceeds for a deal in exchange for tutelage is a scammer. 

You know what, maybe I shouldn't call them scammers. SORRY GURUS.  Gurus simply capitalize on starry eyed dreamers who are incapable of taking action, and who need a jolt of "confidence."  They are doing nothing illegal as long as they deliver the goods exactly as described. 

 I appreciate the reply!

I am looking for an attorney who can:

1. Help with subject to deals / contracts.
2. Help with wholesaling lease options. 
3. Help with wrap around mortgages and all the legal things that go along with it. 

I have no problem "sharing the wealth."  Most "gurus" are not players so I am physically incapable of paying a Guru. 

I've earned a good deal of money as a "guru" and my success 100% predicated on showing results - constantly, all the time. Footage. Footage. Footage. More footage. Edit it, upload. Sell product. Easy.  

These RE gurus don't do that. They bloviate and you have no idea if they're the "real deal."  Thus, I am struggling to find a "guru like me" - one who spends more time walking the walk, vs. building and marketing to e-mail lists for $1500 products. 

That aside, it would be AMAZING to approach someone and say "hey Mrs. Creative Real Estate Investing Expert, can I PAY YOU to pick your brain?" 

I've routinely booked calls for my clients on Clarity.fm in my consulting business and I would be THRILLED if there were a creative real estate investor, with bona fides who had a Clarity.fm (or something similar) set up to CHARGE for their time. I'm allergic to working for free and I imagine most investors are too. 

I've gone to real estate meet ups - one last night. It was a joke. Not even sure how valuable this buyers list I've built is.  

Underachievers and wannabes who meet regularly to I guess "talk" about real estate.  I approached a big talker last night and that was a waste of time.  I told the guy I've hired one of the best Google Adwords specialists on this side of heaven and will be deploying a substantial sum of cash to generate leads starting next week and would like help with my "non traditional retail / wholesale deals." 

I cold offered the guy free inbound internet LEADS in exchange for tutelage, his reply; "why don't you just sell the leads?" before he started talking in circles. 

He went from posing as an expert during the presentation to telling me to sell leads I generate on Google for $400 a pop. Wow.

Anyway, done venting. I will reach out via PM if it's not too intrusive. 

Hello all,

I'm going to be spending a tidy sum on inbound internet marketing starting late next week.  My goal is to simply monetize as much of what comes through the pipeline as possible. So, I cannot be a one trick wholesaling pony.

To that end, my wife and I have  been getting our ducks in a row.

• RE license. Check.
• Buyers list. Check.
• Target market. Check.

That said, I have been finding it exceedingly difficult to:

1. Find a mentor and give them money for help with my "creative deals."  Basically, I'd like to say "Hey John, I have a deal. If it's worth your time to help me get this done, you can have half of the money, I'll gain knowledge. We both win."   
2. Find a real estate lawyer in FL who works with investors. 

Finding a mentor and giving them money is hard.  Finding a lawyer is hard.  What gives?  Everyone pounds the table saying "find a mentor and hire a lawyer" but why is it this difficult? 

I would really appreciate feedback. Let me just quickly highlight that the strategy I've been using to find mentors is the strategy I've been using to find buyers; meet ups.  

I've built a nice sized "buyers" list through meet ups but am skeptical these folks are even "buyers" as my success rate finding a creative real estate investing mentor who stands to benefit from the nearly $10k monthly I'll spend on marketing is proving to be an exercise in futility.  

As a YouTuber myself, I see its flooded with GURUS promoting $500 - $5000 products on how to invest in real estate "creatively."  It makes absolutely no sense for me to spend $5,000 on some course where the producer will pound the table telling me to hire a lawyer after I have paid him $5,000 - whereas, I could just pay a lawyer $5,000 to draw up a bunch of contracts. 

Thanks for listening and I welcome your thoughts!