I went to Philly today to a seminar that had various speakers who were going to help people with buying / selling / renting properties.... there were about 500 people at the seminar...it cost me $69.00 for 3 days worth (assuming i was going to go back tomorrow and sunday).

anyway..... they would just wet your appetite, then lay on the big sales presentation.... "buy my system....it is normally $2999, but for this group, it is only $1999!!!!" (there were a few that were only $1k).....

Pumping the audience of poor suckers up....they were like...."lets see a show of hands who wants to be rich"!!!

What phucking dicks!!! If just 10 people signed up for their a-hole seminars or a-hole systems that would be $20k in just one weekend, plus 9 out of 10 of those people will probably NEVER buy a property with that system.

Why not be decent and offer it for $200? it is one binder full of paper, or 1 binder with 6 cd's in it.....

I thought I was going to learn stuff, but instead I learned that everything is a scam in America.

....there were lots of people who seemed interested in wasting the $2k for some of those seminars.

 

you need to find some better friends in the Real Estate I've to a couple, mostly pertaining to FL Gulf Coast property and they were always taken care of by the Realtor who invited you.

 

i have handfull of local rental houses and thought it would be interesting to go to something that was sponsored by the local rental association.... I am not looking to 'get rich quick' like some of those goofy seminars......but....this turned out to be headed in that direction...

there was a place in Philly attempting to lure people into some investing in central Florida.....i forget the name of the place.

Real estate in general seems to be sort of a sleezy operation.....i feel sorry for all those people who think they are going to quit their jobs and get rich with no down payments and poor credit..... "reggiebrooks.com" said I would!


at some point the beach property bubble has to burst....(about an hour after I would buy something most likely).

 

Hey Scot,

I started on the rental property thing as well last year, planning to buy my second this spring...its amazing the garbage these scammers try to pull. Only people makin any money are the ones giving the stupid seminars.

I have really enjoyed what I am doing thus far, but it is certainly not for everyone as they make it out to be.

 

I enjoy my stuff... we have 17 houses and sold 2 for decent $$$. I totally redid one of them and other other one I just got a great deal buying it and sold it for what was market price when we signed a "rent to own lease"..... in the 15 months that she rented it, it went up about $10k so the new owner was very happy to pay that price vs the market price...

we bought most of our houses 4 years ago and since then have only bought 1-2 per year..... too tough now.... too many people out there putting up signs, and trying to do it.

I was hoping to find a new angle by attending that goofy seminar, but all i got was sales pitched!

One guy offered to mentor people for......drum roll.... $8k per month!!!! ahahahah..

 

8k a month...forget getting ahead in the business try to break even with that...

On the note of not buying any more because of the low supply and high demand, I am definitely seeing that and I am sort of at a crossroads of whether or not I want to invest in a new one this year if prices may go stagnant or have a small decline in the next couple years. That being said if the right piece of property comes up I am totally going for it, but I am being very careful every step of the way.

I am right in NJ, Monmouth County and the prices have absolutely soared in the past few years, don't know how it is where you are. The one thing I have found is that buying in the last few up and coming towns is really the only way to make any money around here. In the popular/matured towns, you can't even come close to meeting the mortgage with the rental income, so out of proportion.

 

You know, it's the same deal with those Leadership Seminars where they bring in a string of big name people. Turns out, other than the headliners, they are all selling their leadership / motivational tapes for big $$$$. I wish I had those 8 hours of my life back.

Which is also a lot like the Amway conferences I hear. A bunch of the top guys make more money from selling "how to sell Amway" tapes than from anything else related to Amway.

 

Scot you really need to do some more research based off statistics/facts/research and stop giving advice based off you opinion.

- there are 70 million Baby Boomers retiring within the next 10 yrs (apprx 95million bb's make up the population in the US) ....apprx 25% of them will move to florida when they retire.

-there are 7 times more buyers than homes being planned for construction

 

[QUOTE=efthimios,Mar 7 2005, 12:17 PM]Scot you really need to do some more research based off statistics/facts/research and stop giving advice based off you opinion.

 

So wait...I wasn't supposed to sell my condo in Miami...dam you Scot...dam youuuuuuuuuuuuuuu!!!!!