Posted by Mark-WV on December 14, 2002 at 13:49:29:
Jim.
I don’t think Ron was advising anyone to “go out and buy land” That was an example of what you could buy with the same money that would be spent on the seminar.
or at least that is what I read into it.
Robert Allen or Russ Whitney Seminar??? - Posted by Canadian
Posted by Canadian on December 13, 2002 at 10:10:32:
hi everyone,
there is a robert allen seminar as well as russ whitney seminar available in toronto (same 3 day training)…i’m new to this real estate investing and i could only afford to go to one of the seminars - the question is, which one would to go to???
thanks in advance!
marina
STAY HOME - Posted by rm
Posted by rm on December 17, 2002 at 10:09:00:
If you want info, order some courses.
If they suck, most of them offer money-back guarantees.
If you go to a seminar and it sucks, they won’t refund your plane fare, hotel, meals, etc.
And nearly ALL seminars are built around an up-sell to one or several other products.
My advice: Do some research, figure out what type of investing suits you. Read all you can on the topic online. Get a course or 2 or more. Do a few deals.
THEN, go to a seminar and find some people who are actually DOING deals to network/brainstorm with.
Beware: many/most of the people who attend seminars are newbies, blowhards, posers, or trying to sell something themselves. You’ll have to “prospect” to find good contacts, but they’re out there.
Good luck.
Re: Robert Allen or Russ Whitney Seminar??? - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on December 13, 2002 at 20:36:04:
Canadian-------------
You will do what you feel is right for you.
For me, being a cheapskate, I do not want to spend big money for my education. I might pay about $300 for a two-day seminar, if I were convinced that the speaker(s) were good. However, I am an experienced investor and need to learn new ideas, not the usual beginning investor guff. I have not yet figured out who should go to those sorts of seminars, if anybody.
I agree with Rich. Don’t go to either. You will get much less information at the seminar than you could buy in books on the topic. What the seminar probably will do is get you emotionally charged up. If you really need that, you might consider going to one of the seminars. Otherwise, if you are a self-directed person, forget it.
If you put “beginners success” into the search function at the top of this main bulletinboard forum of the CREONLINE.COM website, you will get my suggestions for learning about becoming a real estate success. You will not see there a recommendation for high-priced seminars. Save your money for buying properties. You can probably buy a half dozen vacant parcels at a tax sale for what that rah-rah seminar will cost you. Then, if you have choosen well, you will probably triple or quadruple your money.
Good Investing********Ron Starr*************
Re: Robert Allen or Russ Whitney Seminar??? - Posted by Jim Neubauer
Posted by Jim Neubauer on December 13, 2002 at 18:31:40:
I would choose Russ Whitney in a heartbeat!!! Just a few years ago I was over $120,000 in debt when I went to a free seminar in Flint Michigan. I attended the 3 day seminar about a month later and ended up spending about $16,000 in training at various bootcamps.It was the best investment I ever made. Not only did I eliminate the $120,000 in debt but I have gone on to full time investing and consistently have made 6 figures ever since. You asked, I told you.
Go to the seminar by Robert Allen - Posted by Real Estate Timer
Posted by Real Estate Timer on December 13, 2002 at 10:29:20:
Marina -
I have known Robert Allen for 20 years and can personally vouch for his integrity and the quality of what he and his team teaches.
And it’s not only me who feels this way.
When Robert Allen’s name comes up in personal conversations, investment club meetings, or at seminars, 90% of the people only have good things to say about the man.
Robert Campbell
Re: Ron Starr’s response - Posted by Jim Neubauer
Posted by Jim Neubauer on December 14, 2002 at 11:49:25:
Encouraging a new investor to purchase land Ron? That is probably the worst advice that ever could be given on this board for a newbie. The rest of your advice was pretty well grounded. They should read and then take some action. But purchasing land to begin their career doesn’t survive 5 seconds on the “Gong show”
Just a joke - Posted by Phong
Posted by Phong on December 13, 2002 at 14:06:54:
On an unrelated matter, surveys found that only 10% of people attending investment club meetings or RE seminars are actual investors.
Re: Go to the seminar by Robert Allen - Posted by Canadian
Posted by Canadian on December 13, 2002 at 10:43:08:
Thank-you.
Anyone else?
Re: Ron Starr’s response - Posted by Ronald * Starr (in No CA)
Posted by Ronald * Starr (in No CA) on December 14, 2002 at 19:41:00:
Jim Neubauer---------------
In general I agree with you, land investing is not a good way to go. Unless you are sophisticated and have money that you can leave tied up in land which produces no immediate income or profit.
However, for the beginner without much money, buying properties on county tax sales can be a good way to get started. Granted, they are going to have to study up on land or lot sales in the area, so that they have some idea of what they are buying. So that they can buy properties that they will be able to resell.
But, sometimes one can buy properties for less than $200 dollars. And they may be resellable for $800, $1500, or even more. For the careful investor with almost no money to begin, this can be a boost.
This poster said that he had enough money to attend one seminar, not both. So, if he does not waste it on the rah-rah seminar, he probably has enough money for one small investment, or perhaps, if he does what I suggest, several small investments in properties at tax sales.
My first purchase on a tax sale was $2250, which I traded a year or so later for about $10-12K of equity in rental houses with big loans on them. That was about 20 years ago. I probably have about $120K in equity in those two houses now. I’ve satisfied with my results of that $1250 cash outlay, and $1000 cash advance on my credit card.
Good InvestingRon Starr*