I am totally a newbie and want to find a way to start. can anyone tell me if the programs that are selling @ lately nite advertisement programs work, should I spend the money and try it out? there are so many different ones out there? which one is better for newbies like me?
Knoledge is power buy and read as much as you can on the area you want to improve. Just my 2 cents
Beware not all of them are what you need.
Peter Conti & David Finkel big money in real estateis a good start and not that expencive.
Hello,
In my opinion Carleton Sheets is a good course on the basics. I’m still going back into the course every now and then to touch up on what I have forgotten or overlooked. It’s a pretty complete course.
Some people do without a course and just read articles on this website. I brought the course before I found out about this website but it was to my advantage because I knew from the start what the Real Estate lingo was.
In short you have to do what is right for you, a course is going to just give you the tools but it is your job to
implement them and put them to good use. Good luck and let us know about your successes.
There ia a really good book by Robert Allen called Money Power System For Making Your Real Estate Fortune. (just google) it is more of an RE reference manual than a book. It pretty much walks you thru the A-Zs of RE investing and it can be downloaded
Good Luck
go check out http://www.realestatecoursereviews.com/[url][/url]
it has reviews of almost all of the “guru’s”
find one you can relate with and feel comfortable with and try them. you may be pleasantly surprised, or maybe not.
thank you so much for your advise, I guess I will stay up tonite and wait for the Carlton Sheets infomercial. can’t wait to get started!
Just remember it’s under ten dollars to get started with Carleton Sheets. Do what a lot of people do
(If you don’t like it return the product and you will lose nothing).
This course is perfect for the newbie who doesn’t know anything about property. The drawback is the course is general knowledge and it’s really difficult to come up with a course that applies to ALL marketplaces because each marketplace is
different and each transaction is different as well. Carleton does encourage to read other books and increase your knowledge on REI investing because one course won’t do the trick, you have to continue your learning throughout your lifetime and I reccommend you do the same…Good Luck, I’m looking forward to hearing about your success.
google:
John T Reed
borrow the Sheets course from a friend, maybe someone on here will give it to you or lend it to you.
question everything in it. getting into these “no money down” deals can be quite risky.
if you run into a problem to begin, or down the road, you can get screwed. “learning from mistakes” is a good thing, but the first mistake, is to read this stuff as the bible.
Bronchik is good, Reed is good.
Buying with Cash is best.
Forget about ROI and all the fancy stuff people mention on here and on many other tapes and in seminars.
Of course it can be very good to invest 5000 to buy a 100000 house depending on many factors - but then you’re in the hole 95000.
read sheets VERY CAREFULLY. it is loaded with qualifiers that are EXTREMELY IMPORTANT - but they don’t necessarily pop out to you…the “If’s” and the “laws and regulations”, “ordinances”, “costs” etc.
It takes TIME and WORK, to identify your costs BEFORE YOU EVEN THINK ABOUT BUYING A PROPERTY.
And with any business, you must know YOUR BOTTOM LINE and know THE COSTS of the business you plan to engage in.
Do not misrepresent your intentions to the bank.
Know that the bank wants to SEE the CASH involved, not a second seller-held mortgage.
Learn about the rules, the costs and local regulations FIRST.
Goto your local courthouse and visit various offices, right down questions, attend a foreclosure sale or two, get to know people before you buy Carleton’s course (or borrow it).
And UNDER NO CIRCUMSTANCES, start listening to people on here about things that are WAY OVER YOUR HEAD, they just slow you down.
Many posters on here KNOW THE BUSINESS COLD. They know their markets and they want to help you, but much of what is said is just beyond the “newb’s” comprehension. It can get overwhelming and actually slow you down.
Start slow, give yourself a nice time frame to do simple things and you’ll fair okay. I have seriously limited my posts on here in the last two weeks and have pretty much stopped reading so much on here. Only because in these two weeks, I’ve done SIMPLE THINGS that have helped me prepare to buy my first property the right way…for me as an investor. Everyone has different takes, start simple, pick one good way (that you have really really investigated) then do it.
With all due respect, John T Reed is a bad joke, a bottom feeder that sells his own information after “Not Recommending” virtually every guru on the planet including Success Magazine. One guru tore apart one of his reviews so badly it really destroyed his credibility in my eyes.
As for programs, save your money and spend a couple of weeks going back and reviewing the threads on the various topics. You’ll learn a whole lot and it won’t cost you a dime. Good luck.
Da Wiz
If you’re hesitant to buy, then you’re not ready to buy. Speaking from my experience, you either are not really ready for REI, or you haven’t found a writer who “speaks” to you.
I found Sheets’ course at a yard sale. If you want it, I wouldn’t spend a lot - look at a thrift store 1st.
CC
read a lot but but don’t spend too much money on courses. you can get courses cheaply on ebay and get a ton of books from your local library.
John T reed’s reviews should be taken with a HUGE grain of salt. Don’t know why he’s so bitter, although his books are actually EXCELLENT, not to metion cheaper than a lot of rubbish courses!
I have definitely learn a good lesson. always check e-bay for cheaper options, I bought the package at the learning Annex in LA this year. Emotion got to me!