consumer reports aproach to cources and books - Posted by DJ - sag,mi.

Posted by Matthew Chan on July 27, 1999 at 16:47:13:

I don’t think I appreciate the word “propaganda” especially it seems like I may be one of those people you are commenting on.

I don’t spew propaganda. I speak the truth and give honest opinions. It may not be as specific as one may like but that is because the questions being posed are so broad along the lines with “What should I do with my life?” Very few people are going to “take responsibility” for those type of questions.

What I don’t understand is how all the information on this site goes unread.

The problem with giving advice to the T is that if it is “wrong” for someone, blame is placed on the person trying to help to begin with.

consumer reports aproach to cources and books - Posted by DJ - sag,mi.

Posted by DJ - sag,mi. on July 25, 1999 at 21:14:01:

I’m a newbie,and although I havn’t done a deal yet I am in the battle field. My plan of attack is to flip contracts to rehab homes for a few months then graduate to lease options.
I have read this site numerous times,bought Ron legrand’s book which got me excited,but left out the details(yeah, I know I need to buy a course) I plan on buying a course on flipping as soon as I pull off a deal. Whenever somebody asks what course or book they recommend;the answer is usually,“they are all good,ANY cource is a good place to start,buy them all because they all teach you something different”. Hey I’m not made of money. I subscribe to consumers reports magazine so i can get unbiased ratings of products so I can get the most bang for my buck. If I were buying a computer,I wouldn’t buy 8 or 9 because they all had unique features that I must have! I would buy the one that offers me the most for my money. Is there a similar magazine geared toward real estate that can help us all out?
Please,help guide me in the right direction,Im getting dizzy on this merry go round.
Thank you,
DJ

Consider Lesser-Known Promoters Found On This Web Site - Posted by Jim Fletcher

Posted by Jim Fletcher on July 27, 1999 at 16:04:19:

DJ,

I was lead to your message today about which course to buy because you were lacking in funds. Of course when I sold programs for many of the top seminar promoters such as Ron LeGrand and Success Magazine, I was asked this question literally thousands of times. In each case, I told the prospect to buy the course from the promoter that I was selling for at the time. If I were asked this question today my answer would be much different…here’s why.

All information concerning real estate investing can be found on the Internet today for FREE (this is not what I am suggesting). The reason I know this is because I had to prepare every angle for every situation that may happen at a sales seminar. I had to know whom all of the players were, what they taught, examine the similarities, and formulate the best possible image for the promoter I was working for. In the process, I learned many things. The first is that all of the information can be found on the Internet for FREE. Unless you knew how to search, what to search for, and then make sense of it, this is not a viable option.

The second choice if you are tight on money is to purchase from lesser-known promoters that can be found on this web site. The reason I say this is because when you lay out page by page, chapter by chapter, word by word, lesser known promoters tend to include more information per dollar spent than do the top level promoters like the ones I worked for. This theory is easily proven and can be backed up from any experienced real estate investor. In fact, my own research has found an alarming number of similarities of “core information” between top-level promoters and lesser-known promoters. Here is an example of what I mean concerning what a lesser known promoter would sell for much less than what a top level promoter would sell for (see if you can tell where you may have heard these strategies before). www.fletcherrealestate.com/rothen1.jpg

If I were to start all over again, I would buy many more of the lesser-known promoters’ products than those of the top-level promoters. There may not be as much excitement and fanfare that follows the lesser-known promoters, but my belief and research is that you get 3-5 times the value if not more. I would not venture to tell you who would be the top 5 on my list as to lesser-known promoters because I would not want to credit or discredit anyone. However, I do know a lot about research, statistics, and probabilities. From hard-earned experience, I believe lesser-known promoters that are found on this site will give you a greater chance of success by at least a factor of 5 than that of top-level promoters.

I mean no disrespect to the lesser-known promoters. What I mean by this term is they do not spend the marketing money like a top-level promoter does such as Russ Whitney, Ron LeGrand, and Success Magazine. Just because they are lesser known does not mean they do not have world-class information.

I Hope This Helps,

Jim Fletcher

Straight answers PLEASE!!! - Posted by Lonnie Turner

Posted by Lonnie Turner on July 26, 1999 at 20:58:45:

I am sure he knows that he must educate himself but like he says he cannot afford to pay for all the courses on this site at once so he wants to know which course he should start out with. All the courses on this site is great but I think he should buy the courses in the following order. This is just my opion.

1.Ron Legrand Course- Fllipping & L/O
2.Bronswick L/O Course teaches him the Legal asputes
3.Joe K Course to kick L/O in Overdrive
4. More cashflow with Lonnie Course

I am not a pro or expert but this is my opinion.

Re: consumer reports aproach to cources and books - Posted by JohnBoy

Posted by JohnBoy on July 26, 1999 at 03:42:32:

The first thing you need to do is stop wasting your money on consumer reports magazine. Spend your money more wisely on something that can educate you with knowledge in whatever field it is that most appeals to you to earn a living. I can tell you first hand that consumer reports IS in fact a biased magazine that gives incomplete reports that are totally unfounded. Don’t believe everything you read. I’m not saying that everything printed in consumer reports magazine is biased and unfounded, but I am saying they have in fact made reports that were in fact incomplete and totally unfounded. Since then I don’t read there magazine anymore because if they make unfounded reports about some things then how could I trust anything they have to report??

Spend your money on something more productive that will arm yourself with the knowledge you need to make the best out of your career in whatever field it is you wish to persue in life. Don’t waste your time and money on subscribing to unfounded, incomplete reports that are based on someone elses opinions and false assumptions. You won’t get very far listening to the neh sayers in the world that make their living off of feeding on the wallets of telling their victims what they want to hear.

As far as buying a course goes they’re all good if you get something out of them and apply whatever it is you get from it. The best place to start is to read all the “how to” and “success stories” on this site including all the posts in newsgroup I and II here. After you’ve read EVERYTHING here then determine what type of real estate investing MOST appeals to YOU. Then decide on a course pertaining to that area of investing. Master everything about that area and put it into practice. Once you are successful in that area then decide what other area appeals to you and start with a course in that area. You move up as you grow and arm yourself with all the knowledge you can absorb until you become a master in every aspect of real estate investing that appeals to you. You can’t expect to run around and buy every course available and become a master in every field all at once. Nor do I think anyone suggest you do that.

If your cash poor without enough money to back yourself in investing in real estate to hold properties as rentals then learning about flipping properties is a good way to get started. You don’t need any money, credit, job, inorder to get started except for maybe a course that goes into flipping properties. If a few hundred bucks isn’t in your budget to invest in yourself to at least get started then a good place to start would getting a part time job for a week to come up with a couple hundred to buy the course. Once you get the course and study it, then you will need to APPLY it inorder to make it work for you. There is no magic formula in this business. It’s all based on knowledge on how to apply certain stratagies to make and close a deal where you make a profit from your efforts.

You won’t get that from reading consumer reports magazine. That will only give you opinions based on incomplete studies compiled from partial facts printed by someone elses assumptions compiled by incomplete facts. The courses here on this site will arm you with the knowledge you need to go out and actually close a deal by using the methods taught in that particular course. It’s up to you to decide which type of investing most appeals to you before deciding which course to purchase. No one here can do that for you. Read EVERYTHING on this site first. Then decide what appeals to you most. Post it here and ask for opinions based on that one method that most appeals to you whether it be flipping, lease options, buy & hold for rental income, buying paper, etc. Start with the first step before jumping to the second one.

Concentrate on ONE Area of REI to Start - Posted by Bill K. (AZ)

Posted by Bill K. (AZ) on July 25, 1999 at 23:56:28:

DJ,

I would never recommend that anyone purchase ALL of the courses they can. In fact, I don’t even recommend that you purchase ALL of the courses in ONE area of real estate investing before getting started. However, I DO recommend that you decide which area of REI is of interest to you. Then, ask for recommendations on a good starter course in that area. As you progress and succeed, you might consider other courses in that area in order to find nuggets of important information in another’s opinion. But, one good course should get you started down the path to success.

You write that you plan to start with flip contracts and then you’ll “graduate” to lease/options. There is no one area of investing that is superior to another. So, the idea of “graduating” to another level has no meaning. You can make money with one area or all of them. Many times, the real estate market in your area will dictate which methods work best. And, those that work well today may not work as well a few years from now. When you find something you really enjoy, don’t “graduate” to something you don’t like.

I hope this helps.

Bill K. (AZ)

Education is not the same as products - Posted by Matthew Chan

Posted by Matthew Chan on July 25, 1999 at 21:39:09:

No one likes debt and no one likes to spend any more money than they have to. With education, you WILL pay for it one way or another. You can learn the hard way or you can learn the easy way. In either case, you will pay.

The question then becomes HOW MUCH are you willing to pay. I do believe there is a point of diminishing returns. But if you expect to get education from 1 source and only 1, you will be disappointed.

Many times 2 different ideas combined will form a “new” third idea. Funny how education and the mind works that way.

I believe investing in our mind and knowledge ultimately provides the greatest return in the long term.

Don’t shortchange yourself in your effort to “cut costs”.

Re: Straight answers PLEASE!!! - Posted by DJ

Posted by DJ on July 26, 1999 at 21:30:07:

Lonnie thank you so much for your straight forward, honest answer. I was almost in tears when I saw your post. So many times before it seems people either wouldn’t or could’t give me a direct answer to a specific question and then shower me with seminar feel good rah rah propeganda.

Again thank you so much. I feel for the first time somebody understands where I’m comming from.
sincerely,
David