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On Thu, 18 May 2006 15:44:26 -0500, BushkaBear@webtv.net (BushkaBob)
wrote:
>I know some who have attended the pricey Robert Allen 3-day workshop.
>Most of the gurus seem to use the same model: Attend a free 2-hour
>seminar on real estate, get offered a 2-4 thousand dollar seminar, and
>then get more sales pitches for additional training, mentoring,
>coaching, software, etc. I know of someone who recently spent 5
>thousand dollars or more at a Carleton Sheets 3 day seminar. I hope he
>has enough fire in the belly to follow through and be successful.
>
>A more reasonable approach would be to buy a good book or two, meet with
>real estate agents and join an investor's club. There are real estate
>agents who work with investors.
>
>Robert Allen has several books that are readily available at major book
>sellers. I've seen his training materials for sale on eBay, too.
>
>I do NOT think that Robert Allen, Carleton Sheets and similar gurus are
>crooks ... but I'd bet that very few of their students make big
>money in real estate. I certainly appears that some infomercials
>target the gullible, desperate and under-educated. It is also clear
>that the success stories are not from typical students. Still ... I
>think the gurus' courses can work if the student has dedication, desire
>and persistence.
>
>I wish someone could sell me "ambition" and "success" in easy to swallow
>pills.
>
> BobYou will see the marketing everywhere, advertising Fr*ee events and how to
Get Rich
I urge you to dig deep and complete your thorough homework on these
events before you attend, and remember, never get caught in a
'feeding' frenzy at the back of the room!
The important thing for sophisticated investors is to ensure that you
are not getting caught up in the emotions of the market. Always do
your complete due diligence on a property and never buy just to buy...
or just because someone told you it was a good deal.
It is important to watch out for people who have a vested interest in
you buying properties from them. For instance, someone telling you a
town or region is a great place to buy, then a few weeks later they
just happen to have property for sale in that region and you get the
'exclusive' first chance to buy it.
Be wary of these opportunities, and make sure you complete your due
diligence on the property and the promoter. Never allow yourself to
get 'pressured' into these deals due to 'fear of missing out.' And
always be wary of supposed 'educators' who also sell lots of property
to their clients. Not all of them are bad, but the odd one can really
'pressure' you into a bad deal due to the trust you have put in their
hands.
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