Are Real Estate Seminars Worth The Money
If you read the news media youll see that theres a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. One event recently attracted over 30000 people with Donald Trump as the headliner like he knows anything about buying a duplex.
So how do you tell the good from the bad? Well first let me comment that I believe there is very little truly bad info out there. The difference is mainly price and quality of information.
Heres some things you should consider when determining whether to invest in a real estate seminar:
1. PRICE Be leery of very cheap or very expensive seminars. If the seminar is free its because the promoter wants to sell you something. It costs the promoter thousands of dollars to get people into a room so expect a hard sales pitch. If the event is more than 1000/day you should also be concerned unless the admission price includes followup training or substantial materials. Im not saying that 5000 boot camps are all bad just make sure youre getting what you are paying for.
2. CLASS SIZE If you are paying 5000 for a boot camp you should expect a small class size. If not you are likely overpaying since you wont be able to ask questions in a large group format.
3. TEACHING ABILITY Some gurus are knowledgeable but are bad teachers. Make sure you have heard the speaker before or ask other people who have attended. 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. Good marketing makes you believe Bayer is better than generic aspirin. Before you pay thousands of dollars for the brand name seminar look into a cheaper version that isnt being marketed on T.V.
5. THE PITCH Although as a rule the cheaper the seminar the greater the pitch for other products some promoters do nothing but pitch even at 5000 boot camps. Ask other people who have attended the seminar to determine the teaching toproductto pitch ratio. 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 1000 a day or more.
6. REFUND POLICY Is there an open refund policy? This is VERY important. Ask up front. You should be VERY suspicious of any seminar that does not offer a refund policy.
7. ARE YOU SERIOUS ABOUT IT? No matter how much or little you pay for a seminar its all up to you. No diet works without exercise and discipline and no real estate investing technique works without your hard work. If you are just beginning stay away from the expensive seminars until you are sure it is for you. Start with the 500 or less variety let it sink in then consider more advanced seminars when you have done a few deals. Once you start making money you should continue investing in your education since your return will be well worth it. If you are the type who has been to seventeen seminars and havent done a deal consider this:
The Fault Lies Not Within the Stars But Within Ourselves
Real estate investing will make you a lot of money if you learn the techniques and apply 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.
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About the writer: Written exclusively for Legalwiz.com by Attorney William Bronchick Certified Registered Nationallyknown attorney Author Entrepreneur and Speaker
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