I’ve spent years watching real estate “gurus” rip-off eager new investors with high-priced seminars and training programs. I’ve seen the late night infomercials that lead starry-eyed newcomers to believe that making money in real estate is as easy as making a phone call, buying a system, and waiting for the money to start rolling in. I’ve spent several years in this business talking to up-and-coming investors who have paid thousands (or even tens of thousands) of dollars to these scam artists hocking their courses.
Unfortunately, what these gurus don’t tell wannabe investors is that becoming successful at real estate takes more than buying a system or listening to a motivational speaker. These “teachers” and “coaches” are more about motivation than they are about education. They get their students excited about making lots of money and becoming financially independent. But they don’t actually provide the knowledge and tools necessary to do it.
In other words, while they may get their students jumping up and down with excitement — and at that same time get them to spend more money on more training — most of these so-called mentors don’t do anything to actually help their students start investing. In fact, the vast majority of people who have ever really considered getting into real estate never close their first deal!