Are Real Estate Seminars Worth Investing?
If you come across news publication, you will note that there is a widespread of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. One such event lately convened more than 30,000 individuals, with Donald Trump as the headliner (as if he well verse on purchasing a duplex?).
So, how do you distinguish the good from the bad? Well, at the outset let me say that, I believe there is very little truly bad information being given out there. The difference in information is primarily attributed to price and quality of information.
Here are some tips to note before deciding to join a real estate seminar:
1. PRICE Be peculiar of inexpensive and/or very expensive seminars. If the seminar does not collect any fees, it is because the promoter wants to sell you something. It costs the promoter thousands of dollars to get people into a room, so do not be surprised of a sales pitch. If the event requires you to shell out at least $1,000 daily, you must undertake due diligence, unless the admission price includes followup training or substantial materials. Im not saying that $5,000 boot camps are all bad, just make sure youre getting what you are paying for.
2. CLASS SIZE If you are paying $5,000 for a boot camp, you should expect a small class size. If not, it is likely that you are overpaying, since you wont be able to ask questions in a large group format.
3. TEACHING ABILITY Some gurus are well equipped with knowledge, but they turn out as ineffective teachers. Ensure that you have a cue on the abilty of the speaker or inquire from other individuals who have attended his previous seminars. Theres nothing worse than paying to listen to a boring speaker or one that cant convey a topic in plain English.
4. VALUE Lets face it, some products are expensive because you believe they are worth more money. Good marketing makes you believe Bayer is better than your generic aspirin. Before you pay thousands of dollars for the brand name seminar, look into a cheaper version that are not being marketed on T.V.
5. THE PITCH Though as a rule of thumb, the cheaper the seminar, the more pitch for other products, some seminar proponents dominate the seminar with product pitch, even at $5,000 boot camps. Ask other people who have attended the seminar to determine the teaching toproductto pitch ratio of the guru. Theres nothing wrong with a promoter offering products and services at the less expensive seminars, but its borderline insulting to have a nonstop sales pitch when you are paying $1,000 a day or more.
The Fault Lies Not Within the Stars But Within Ourselves
Real estate investing will give you the opportunity to earn much if you learn to manipulate the techniquesand apply them yourself. The bottom line is that education will help you avoid mistakes and learn new ideas. Read books, go to seminars and learn from other investors. Your best investment is in yourself.
Article written with the support of Tampa Mortgage, Chicago mortgage, and the team at low cost auto insurance
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