Are you looking for serious real estate investment training, and not just a bunch of hype?
Getting started in real estate investing is a great way to make money and build wealth. However, actually becoming successful is a lot harder than a lot of real estate trainers may lead you to think. Just because some deals happen quickly and make lots of money, doesn't mean that's a normal outcome. Getting good real estate investment training from a REPUTABLE coach will help you make it through the hard times and over the bumps to really see the results you're hoping for.
I have been a real estate investor since 2002 - I started right after graduating from college.
I know what I'm talking about when it comes to falling for a sales pitch and buying unhelpful real estate courses. I bought into all that get-rich-quick with real estate stuff, too. I thought it would be quick and easy. Relatively speaking, maybe it was. I bought my first property after about 6 months of working with a mentor, and it was a no-money down deal. The day I rented that house out, I signed up another deal. I spent six months of effort and failure to make it over the hump and build momentum with my real estate investing business.
Now I work in commercial real estate. My partners and I have purchased everything from single family homes we rent out, to apartment buildings, raw land, shopping centers, office space and mobile home parks. You don't need to be a genius to succeed in real estate, but you do need to get some HELPFUL real estate investment training.
My friend Phil, who works the short sale market in Tennessee, told me about his experiences on the road promoting his new short sale step-by-step program. He says a lot of the real estate trainers out there are really just hucksters, promoting their product - but not caring whether their clients experience any real results. Since Phil works with his short sales students on the phone regularly and shares in their profits and success - he is VERY motivated to make sure they see RESULTS with their short sales. And they have been. When you are evaluating the training offered by any real estate investor guru. Don't just look to whether the "guru" has been successful. Ask him about the track record of his students.
Find a Coach Who Will Help You Get From A to Z, not just someone who will sell you a program.
I have invested heavily in real estate training and courses in the pursuit of real estate investing success. Now, my partners and I even offer our own real estate investment training. What I have found is that it's easy to learn the basics. Anyone with a good book or manual can master the basics of sending out mailings or putting up signs to get leads, and you can even master the principles behind the negotiating pretty easily.
The hard part of real estate investing is handling is all the details that come up once you're out talking to real people. Figuring out how to market the property given your current real estate market cycles, or how to negotiate with the bank when you're doing a short sale, or how to convince the owner to sell to you on terms if you're working on no-money-down investing - THOSE are the tricky parts of the business. Those few skills, few phrases, few minutes are where we make our real money as investors. That's where we need real help.
I have found that the best real estate investment training - on these topics that make the real difference - is not a matter of reading a better book or finding a better system, it's a matter of having a coach or mentor, someone who has been there before and who can walk you through the process.
And mentors can be tough to find. Most people who are successful in real estate, make enough money from their business, that they don't have to add a second stream of income by coaching you. If they do choose to coach, their services are usually pretty expensive. And some of them are really HORRIBLE teachers. (There's something about the "COWBOY" mentality of great investors that makes it really hard for them to replicate what they've done or understand the special ingredients that actually made their approach successful.
One of the most affordable ways to benefit from real estate investment training, is to get into a coaching program that offers ongoing support from real estate investors who have done what you want to do! People who are real, and actually INVEST themselves, not just people selling products. In a coaching program, you might be in a small group of students who are all asking questions from the trainer. This lets you learn from others' experience, get direct access to a mentor who has "been there and done that," and save money since you're not paying for an exclusive hour of your coach's time, the cost is being spread out and paid for by other students, too.
On that note, here are the real estate coaching programs that follow this format, that I can recommend from personal experience.
- Short Sales Step-by-Step with my friend Phil Pustejovsky
- The Mentorship Program by Peter Conti - This is where I learned to invest, and I still coach for them from time-to-time.
- The Real Wealth Company - This is my education company where my partners and I work with relatively advanced students on commercial real estate investing. If you are a beginner, rather than starting here, I would recommend one of the other two programs. Come to us when you are ready to take the next step and move into commercial real estate investing.
I really hope my insights here have been helpful to you.
If you want to learn a little bit more about my partners and I and our real estate investing background, I encourage you to check out our commercial real estate investing blog. It is for beginners and advanced investors alike. We love answering questions, so if you have a question for us, post in the comments and we'll write you back!