I have signed up for 3 Real Estate classes. I have already taken Lease Option and Wholesale Buying. Here is the list of available classes. Which one would you recommend taking and why?
Foreclosure
Keys to Creative Financing
Tax Liens and Deeds
Asset Protection
Probate
Commercial Real Estate Investing
Rehabbing for Profit
Short Sales & Mortgages
Property Management and Cash Flow
Discount Notes & Mortgages
Manufactured Mobile Homes & RV Parks
Is that the classes by Wealth Intelligence Academy/Rich Dad Company, that costs $40k to attend? If so HOW WAS IT spill the beans!! I was so close to taking it but , costs to much. Id recommend Foreclosure for your last one, thats just me though.
Where are you and what do you want to do? Everything in real estate doesn’t work everywhere. What I would do is find someone that has what you want. They have the time with their family, the wealth, the health, and the happiness that you want. I would then do what they do. If the person that you want to live like is flipping houses that he talks away from people whose relatives just died, then do that. If the person you want to live like is renting houses for positive cash flow in the inner city then do that. Don’t be wed to the concept but to the result. I say that because the flipper in an inner city environment won’t work as well because there is a limited market to sell into and the best flip markets are upper scale and rentals tend not to work as well there because these rich people just buy instead of rent.
I guess what I am saying is that a course is always written to explain a technique not how that technique should be done where you are. It is always too general. You need to find someone that has trimmed the strategy to where you are.
That’s a good advice. Thank you. I am located in Orange County, California. Here are my thoughts but I will certainly ask local gurus what they think the best strategy in this market is.
It seems like Foreclosure and ShortSales are hot but there are many "guru"s already in these areas. Also these strategies require financing in place which means I need to look for investors with deep pockets.
What I am thinking is, considering house prices are still high and getting financing is harder, Keys to Creative Financing class might be a good one. Also, in order to find properties with equity, Probate might be a good one too.
Property Management and Cash Flow. Always start with the basics.
Furnishedowner
A lease option is nothing more than a rental agreement with an agreement to purchase the property. If you put a tenant-buyer in place, you are a landlord. If the tenant does not pay, you may have to evict.
If you implement the lease option strategies you have already learned, then you will need to know how to manage renters and rental property.
Seems logical that the next course you should take is the property management course.
Wholesale a few properties to generate the cash you need to pay for the next course.