Okay, at my local REIA club, they brought in an expert on flipping houses. Robyn Thompson. “Queen of the Flip”. Anyway, she was a good speaker. Got people excited. Good crowd participation. On the drive home I was trying to summarize what she said, and there was some good points, but in the 90 minutes she spoke the breakdown of what she talked about was as follows.
10 minutes was on the story of where she started and how she got in the business.
20 minutes was spent on how she had discussions with her advisor on what book or class she should teach and how to go about it.
20 minutes were telling stories of large properties she had bought, the car she has, the fact she has an advisor who has a lot of money, and the fact she flipped 260 house
10 minutes on how to actually do something
30 minutes giving away free CD’s and pimping her training materials and her Saturday class.
While I was there, I was energized by the crowd, and I even won a CD regarding how to make a Tax Free Income. (GREAT!)
Well,it wasn’t until I started listening to the CD last night, that I realized how empty her talk was at the meeting. Because I started listening to this CD of a guy who is an IRA expert. The CD is about an hour or so long, and I’m about half way through it, and it’s the same thing.
The guy is supposed to be sharing how to do the IRA and use it for investment, and all it is is stories about how much money he made people whom we’ll never meet. At best, he gives a high level breeze of “We wrote it up one third in the name of an IRA, and 2/3rds in the investor name” and that’s it.
It makes me think that all of these speakers are vague and simply tell a lot of stories, so I’m glad I haven’t gone to any bootcamps, Airport Hotel Speeches, etc.
It’s odd because they all talk about the millions they made, and they talk about their advisors who are the King of the industry. Then I do a Google search on their name and net worth, and their is zero to be found. Check out the Forbes list… nope, not on it.
I’m sticking to books and message boards for education, and soon real life experience. I don’t need to pay large sums of money to have warm air blown up my shorts.