Only real estate agents make it absurdly difficult.

We see false advertisment all day, we have the lowest prices...Not they dont.

The notion that somehow the Chinese are the only ones doing this is absurd.

Absurd isn't it?

The basic "guru" pitch is that by buying training or resources from the guru, an inexperienced, uneducated (in real estate), and unknowledgeable investor lacking sufficient capital can become very successful in a certain area of real estate investing/business.The problem with most of these programs center around the following(1) The program taught doesn't actually work(2) The program does not provide the person purchasing the program with the knowledge, experience or education neccessary to successfully implement the program(3) The program contains very basic information that can be obtained far less expensively by other means(4) The trainers and consultants provided are inexperienced and/or incompetent(5) The program accepts anyone who can pay although many accepted don't have the neccessary personal tools to be successful(6) The program makes false and/or misleading promises(7) The program understates the amount of capital neccessary for success(8) The program understates the amount of time and effort neccessary for success(9) The program overstates the size of the target market(10) the program assumes that because of success in one market it will be successful everywhere all the time.There are legitimate real estate consultants/trainers out there with a track record of success.

There are some slimy gurus out there but there are also some who don't charge absurd amounts fir their products and actually provide actionable content with the continuous upselling.

Mistake #4: Overestimating the Rents I knew it was in a very desirable school district, but I failed to realize the importance of fenced in yards and garages around my area.I initially thought I could get $1500 for it, and used that for my BRRRR Calculator calculations for CoC returnWhat I learned: Look for houses with already fenced in yards and garages, and offer appropriately if they don’t have those.I was familiar with the street and neighborhood it was on, and drove by the property and saw there was still a bunch of junk everywhere.I signed the contract and sent it back to him.Mistake #5: Signing the contract before inspecting the property I knew I was supposed to walk through and inspect everything with a contractor to get an accurate rehab cost.I was too rushed in getting my first deal and seeing the property value below land value gave me a false sense of security.Honestly, even if I did do a walk through by myself, I wouldn’t have the slightest clue of what needed to be repaired and how much it would cost.

Respectfully - Ash  Totally agree with you Ash , MF syndicator bubble is going to be busting ,they been good sales people to convince alot of passive investors for false dreams.

So my question is basically this is it absurd to consider putting in an offer at 50 to 60% below asking price...

It's patently false.2.