Is it worth it to buy one of those real estate investment courses?

[fastlanedoll]

"Entrepreneur" recommended one, but I can't find the link now.

If someone here has bought one they thought was comprehensive & worthwhile, could you recommend it?

Lastly, what do you guys think of this?

Property Investment Opportunities UK | Track Capital

View our extensive range of property investment opportunities in the UK, many offered with exclusive incentives at below-market value rates.

www.trackcapital.co.uk

 

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[Kal-El1998]

"Entrepreneur" recommended one, but I can't find the link now.

If someone here has bought one they thought was comprehensive & worthwhile, could you recommend it?

Lastly, what do you guys think of this?

Property Investment Opportunities UK | Track Capital

View our extensive range of property investment opportunities in the UK, many offered with exclusive incentives at below-market value rates.

www.trackcapital.co.uk

All depends on how dedicated you are to actually taking action.

If you know you aren't ready for the level of dedication required in one of those high ticket programs, just dabble with something for $10 on Udemy until you're ready.

 

[cviji]

Have you tried "BiggerPockets" Podcast? Go back through the archives/past episodes and there is a **** ton of free good information on there.

 

[Sethamus]

Biggerpockets.com has a lot if free resources. My advice is to listen to a few podcast and read a few blogs/ ebooks on the different asset classes to help figure out what path you are interested (SFH, MF (1-4), MF(5+), Flip, Wholesale, Airbnb, etc).
Each has different pros and cons and difference on cost, time to get return on money,cash flows, and risk. A few people on this forum are in one if not multiple areas. Post your questions and start to narrow it down to what type fits your needs. From there you could start looking into specific books and courses. Use the free stuff first!

 

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[lowtek]

I'd start with the bigger pockets forum and podcast and then do my first deal. Find an agent that is experienced in whatever type of real estate you want to do (i.e. multi family rentals, flipping, etc.) and lean on their experience during and after the deal. There's no replacement for real world experience, and the easiest thing to do is leverage that from other people.

 

[WJK]

"Entrepreneur" recommended one, but I can't find the link now.

If someone here has bought one they thought was comprehensive & worthwhile, could you recommend it?

Lastly, what do you guys think of this?

Property Investment Opportunities UK | Track Capital

View our extensive range of property investment opportunities in the UK, many offered with exclusive incentives at below-market value rates.

www.trackcapital.co.uk

Uh? RE is mostly a lone-wolf operation. Sometimes, we come together in packs for our contact circle, but most of our time is spent sniffing out the deals and doing the work required. It's endless hours of research and looking at properties -- one dead-end after another to find that one deal...

 

[biophase]

Probably not. Back in the 90’s before the internet I’d say yes. My friend bought the Carlton Sheets course and everything was totally new to me as a 20yo. But now, everything can be found online and their are many people who will help you.

My question is, what is the purpose for buying the course? Is it a general knowledge course? Or a niched down course on something specific?

 

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[fastlanedoll]

General knowledge.

I'm queasy about buying overseas as I have no annual leave this year and IF I was going to buy something, I'd end up buying without even seeing the property. Besides, I have no experience, and don't even know who I can trust.

I'd most likely end up investing in a REIT instead, but even that requires a lot of research.

 

[Raja]

The advantage of physical property is leverage.

 

[biophase]

General knowledge.

I'm queasy about buying overseas as I have no annual leave this year and IF I was going to buy something, I'd end up buying without even seeing the property. Besides, I have no experience, and don't even know who I can trust.

I'd most likely end up investing in a REIT instead, but even that requires a lot of research.

Are you buying for cash flow? Do you have parameters? Even though I live in the US, I’ve bought property sight unseen based on the numbers.

I assume you are planning to get a loan? I would learn how mortgages here work? The rate you’d probably get and get an idea of what rent to sale price ratio you would need to make a good investment.

 

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[fastlanedoll]

I'm planning to borrow from my parents.
Graham Stephan / MeetKevin says the key is find below the market deals.

 

[WJK]

I'm planning to borrow from my parents.
Graham Stephan / MeetKevin says the key is find below the market deals.

You're borrowing? Are they going on the title? How are you going to secure their interest?

 

[biophase]

I'm planning to borrow from my parents.
Graham Stephan / MeetKevin says the key is find below the market deals.

Ok but what does that mean to you? Are you fixing and flipping? Buying and holding? What’s your criteria for a below market deal?

 

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[Guest-5ty5s4]

Real estate existed long before there were courses on it.

Look up John Jacob Astor and tell me if you think he ever went to a Rich Dad seminar.

You can learn a lot by reading, but you learn more from doing. The last thing you want to do is shell out thousands of dollars for a course that teaches you information you can find for free.

Save that money for your deals.

edit; the guy went to Harvard and learned a ton from his wealthy family, who probably also bank rolled him. Still, tons of Ivy League grads with rich parents never take ANY action on stuff like this. And nearly every entrepreneur I know in this space in my area looks like a truck driver, has no formal training, and has just been at it for years.

 

[WJK]

Real estate existed long before there were courses on it.

Look up John Jacob Astor and tell me if you think he ever went to a Rich Dad seminar.

You can learn a lot by reading, but you learn more from doing. The last thing you want to do is shell out thousands of dollars for a course that teaches you information you can find for free.

Save that money for your deals.

edit; the guy went to Harvard and learned a ton from his wealthy family, who probably also bank rolled him. Still, tons of Ivy League grads with rich parents never take ANY action on stuff like this. And nearly every entrepreneur I know in this space in my area looks like a truck driver, has no formal training, and has just been at it for years.

You've brought up an interesting dilemma between those who are born with a leg up and the rest of us. I have known a lot of people who have had all the family advantages and then never really fulfilled that promise.

I believe it comes down to having a fire in one's belly. It's the high internal heat that propels you to do whatever it takes to become successful in real estate or other businesses. Yes, I've paid for a lot of classes and bunches of higher education that have helped me along the way. And, I've read piles of books, watched hours of podcasts, and listened to an endless stream of audiobooks. At the same time, I was out there day after day getting the hands-on experience while risking my own money. Applied education has a different gravity point than book learning.

 

[fastlanedoll]

Hehe, the course I'm looking at is like ＄30.

I think I'll start with BiggerPockets podcast then go from there.

I guess I'm mainly looking at buy ＆ hold. I'm mainly interested in generating rental income.

This is interesting:

View: https://www.youtube.com/watch?v=t-5veYUeatw

 

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[Raja]

hey @fastlanedoll ,

recently I learned where and how to study.

I do agree that podcasts are valuable, but don't start with a podcast.

read 3 books on real estate investing, but select those books carefully and must be by different authors.

why books?
books are more information-dense and generally well thought out.

then watch podcast passively, like when you jog doing nothing. that how you will gain some unconventional insights and some very practical ones. podcasts have very valuable points but the rest are fillers.

also don't depend on only one source of information. try and learn from different places. that's how you will have the breadth and will also be familiar with different approaches.

 

[Sethamus]

Hehe, the course I'm looking at is like ＄30.

I think I'll start with BiggerPockets podcast then go from there.

I guess I'm mainly looking at buy ＆ hold. I'm mainly interested in generating rental income.

This is interesting:

View: https://www.youtube.com/watch?v=t-5veYUeatw

Buy, Rehab, Rent, Refinance or BRRR
If that is what you are interested in google that. Also depending on $$ decide between-1-4 units(treated like a single family home for the appraisal and refinance like in the video) and 5+ unit place which is valued by rental income. Haven't touched anything 5+ myself so just going off of stuff I read and listen, but more doors = more cashflow. Learn about alternative financing because his strategy in the video assumes you live in the unit to get the unit for a low down payment. Your everyday bank will want to get 20-25% down for a rental property youare not living in.