All Forum Posts by: Maurice George

Is this guy a scam artist or real deal?

Just checked out the most recent Morris Invest youtube video. It's about how to use debt to protect your personal assets in the case of being sued. Very topical video! 

I have no clue who @Nick Vertucci is other than an RE trainer of some sort, but just because he charges to teach about RE investing, doesn't mean the guy is a scammer or a snake. I personally have never bought a real estate guru course (I wish I would have taken an Apartment course when I started, because I think that would have caused me to jump in much earlier), but I know people that have and they have enjoyed them and learned a ton from them. For many, that is how they got their start. 

Why is it that guru's are considered scammers, yet consider colleges and Universities prestigious places to spend $50k+ and 4 years in order to make $50k/year? 

I think the biggest problem is that people that are newbies get sucked in to a course and then into another and into another and never take action. Then they are pissed because they spent their money, but didn't magically get rich. In my opinion, for the most part it is not the guru that is scamming, but the buyer of the course that just won't take the action for long enough to see the results. 

With that said, I am not advocating for Nick or any other guru's. There is a ton of free info and books out there and I think you should learn through those sources first, but if you learn by the hands on coaching and in your face high energy teaching, you may be best served with a guru. 

A fool and his money are soon parted. Sorry could not help myself to say it. Why on the earth people need gurus in something which is not a rocket science? I am pretty sure they cant be sued as otherwise all universities would be sued. Another issue is that the info that they provide can and should be learned from practice. So much info, but people just don't want to read/watch/listen. They believe in a delusional gurus that will change their life.

well you just learned about one of the top business enterprises in the state of Utah and that is fulfillment companies.. these companies not only rep real estate but pretty much any other business or speakers that are on tour selling anything from books tapes to tony robbins etc.

they are very good at what they do... they are brought up and used to rejection and that's who they hire to sell you and beat you down..

I can't say whether that show fudges numbers or not, but assuming all the numbers are true, and assuming it is as "easy" for them as it appears on television, you should consider this.

1) Both husband and wife were/are real estate agents in the general area where they now invest, which means they both are extremely familiar with the prices, trends, rental rates, and everything else real estate related in that area.

2) The couple has access to hard money lenders, their parents (on both sides) have stepped in to loan tens of thousands of dollars when they go over budget, and they also max out their credit cards for tens of thousands of dollars.

There are other factors, but hopefully you get the point.  Saying it looks easy for them on television is like saying it looks easy for professional hockey players on television.  They have spent a long time honing very specific skills to make it look that easy.  If you haven't put in the time, don't expect it to be easy for you.  And don't expect it to be completed in 30 minutes.

Also, regarding my second point, make sure you have the capital to see a job through before you jump in the deep end.  I don't recommend your first flip be a $300,000 purchase needing significant renovation.

 Where are the $250k houses that rent for $2k+? In Memphis?

I want to build a real estate investing business. I want to buy and hold, I want to rent I want to do BRRRR's and I feel like High School is holding me back. I also want to get a job working with GC starting out as a laborer and working my way up. I sit in school for 6-7 hours a day miserable, tired and annoyed. I feel like I could be home studying, or in an internship and gaining real world experience. I dont feel like i fit in school because of what I want to do. What do you guys think about this? I am finishing up 10th grade. I have big plans and I want to start executing them. The only issue with this is I want to join the fire department and I dont know if they require a High School diploma or not. Im feeling really torn at the moment. (For reference I am a honor roll student 90.4 GPA)

Thank you for all the recommendations and tips.   

@Lynn Fujihara We are finding distressed condo properties with HOA's that are on the brink of bankruptcy. We are in the process of acquiring dozens of condos at significant discounts, rehabbing them, and renting them out, while also working with the HOA's to improve their finances. I recently have purchased several apartment communities around town and are finding them for the most part to be decent. Most of the areas everyone else has suggested are great places to own or rent, but some areas work better in my opinion than others. For instance, North BA was an area I bought 4 houses a few years ago, but several large home builders have begun renting out unsold properties, thus driving down the rent for the area. My properties in Jenks have maintained rent stability, but it seems like acquisition prices are inflated. Bixby is the same, however South Bixby remains somewhat untouched. For most investors, they'd claim it's too far out but I don't look to buy houses where other investors buy homes. I like properties where the demand for rental properties outweighs the supply. good luck