Real Estate Investing is the Game. And today we are going to talk about coaching.

Hello America! We don’t encourage you to drop what you are doing and start flipping houses like you do on TV, but we do encourage everyone to consider real estate as a part of a balanced investment portfolio. And to that end, we intend to bring you the very best news and information, statistics, demographics, how-tos, methods, techniques and strategies, along with inspirational stories and people. All of this will help you make the best, most-informed decision about your own personal involvement in real estate. 

Today we are going to talk about getting into the game of real estate and you are going to hear Starr’s amazing and nightmarish experience with a real estate coach. 

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

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Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question. 

Sponsors

American IRA: www.americanIRA.com

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com. 

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Announcements:

  • Flipping America Funding is live! Monday May 16th. 

Topic:   The Top Ten Ways to Know Your Real Estate Seminar is Actually a Con:

  1. The “nationally known” guru is not in attendance. 
    1. Whose experience is being taught? 
    2. Who has the experience to be able to credibly answer audience questions?
    3. What is the actual experience of the presenter and can it be verified?
    1. Where is their headquarters?
    2. Who is the person or persons behind this company? Someone did the work to gain the experience to teach.
    3. This can be taught from a curriculum and a powerpoint, but the most polished professional who is also inexperienced cannot truly serve a real estate audience. 
  3. The name of the company behind the event is vague, not mentioned, or purposely mis-leading. 
    1. Does he or she provide addresses of actual properties flipped?
  4. The Presenter’s real estate credentials cannot be easily verified. 
  5. The Presenter does this presentation more than once a month. If they travel and do this presentation more than once a month there is NO possible way they are actively fixing and flipping houses. 
  6. Early in the presentation (usually within the first two hours), they will have you fill out a worksheet with all of your assets as possible funding sources. Available credit card spending, 401k balance, cash value of insurance policies, etc. Later they will use this information to prove to you that you actually can afford their 20-50k in training. 
  7. They take time to teach you how to call your credit card providers and ask for an increase in your limit. The really sneaky ones will put you in a group, challenge everyone to do it, bring you back and see if you collectively came up with an amount that would buy a house. 
    1. Results - lifestyle.
    2. Financial freedom
    3. Education of children - college
    4. Legacy 
  8. They make lots of promises to you. And they will seem great!
  9. They have an emotional story of their own financial distress and real estate saved the day.
  10. They will not let you take photos of the screens or record the event. 
  11. They want to sell you another more expensive course. Free - Low Cost - High Cost - Upgrade.

Ways to check ahead of time:

  1. Check the name of the company. Look at their website. See what they emphasize. 
  2. Google the name of the company followed by the word “reviews.” This may not be helpful, but it can be. One company I researched had over 1000 hits on a website called “Ripoff Report.” Anyone can say anything there and not all of it should be believed. But 1000 reports?
  3. Ask in online forums - Bigger Pockets, Connected Investors, Facebook Groups, Google Plus Groups etc. What have you heard about …?
  4. At the event, get the presenter’s full name. Find out where he/she is from. Note as many property addresses as you can during the event. Check those addresses online for ownership and transfers of ownership. Look for an entity that owned the property for 4-6 months in the past two years. Later on, if you get a chance to speak with the presenter, casually drop the name of the entity you found and see if you get a glimmer of recognition. If you’re convinced they are lying, just for fun, make up an entity name (or use your own if you have one) and ask them if that was the entity that bought 123 Main St (or whatever). See if they say yes. 
  • Qualities of a good coach
    • Experience
    • Character
    • Longevity
    • Communication / teaching skill
    • Understanding of different learning styles
  • Characteristics of a good coaching program
    • Personal contact
    • Flexibility
    • Personalization
    • Mix of content and activity
    • Price is reasonable
    • Program is valuable
    • What you will learn is shared in advance.
    • There is no mystery about what happens next. 

Questions from Listeners: From RILA Motivational Quote: “If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” Henry Ford

 

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