Thursday, March 27, 2014

About Real Estate

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I have been involved in actual estate for over twenty years. In the coursework of that time I have been a loan officer, actual estate broker, investor & managed a property management company. In addition I have spent thousands of dollars on books, resources & classes taught by the so called actual estate 'gurus" of our day. I think someone who is serious about a career in this field does that. But I now have insight based on my experience as a actual estate professional which I require to share with you.
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Guru's are those individuals who have been involved in actual estate in some capacity & now have achieved a positive level of "success' whereby they have shifted from investing full time to teaching. They write books, conduct seminars & offer personal mentoring to students. By themselves this stuff are nice. But let's examine what you usually pay for when you enlist the help of a guru.

one) The focus is on marketing heavily to an unsuspecting public - they buy infomercials & spend a ton on packaging. They use commercials & sites to promote their supposed expertise.

two)

The material offered is very basic - the knowledge you get from these gurus is available on the net. They never get in to anything deep & stay on the surface with what they share. Even after spending all that money on a seminar the truth is most students make no money after finishing these programs.
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four) The success of the program is always dependent on the student - guru's would have you to think that in the event you fail, its your fault. That is a prevalent idea with individuals who focus on sharing knowledge. But in the event you took a driving class & at the finish could not drive or our kids went to school & at the finish could not read, is that only the student's fault. Guru's require to take responsibility for the knowledge they are charging a lot for.

three) The pricing is ridiculous - when you think about hundreds of dollars for CD programs, thousands of dollars for seminars & tens of thousands for mentoring, the cost points are way out of line. The only person making money is the guru. In lieu of making money from actual estate, they make their money from being a guru.

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five) Everyone acts like they have the latest "concept' in investing - there is very small new under the sun. Don't get caught up in thinking that somebody has some "new" idea that will revolutionize actual estate. Keep in mind, if the guru could make a ton of money with the idea they are teaching you, they would teach less.

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