Beware of the Flip and Flop
Did you catch the story yesterday about the hosts of the HGTV show, Flip or Flop?
They are accused of scamming unsuspecting fans of their show with their seminar business that teaches other folks how to invest in real estate.
These home investor seminars have been around for as long as real estate was a business.
Don’t you remember the “buy with no money down, even with bad credit” seminars?
They were very popular thirty years ago. Not much has changed in the way these events are promoted except we now have celebrities as the “named” hosts.
Nearly every major host of one of these real estate reality shows has a seminar with their name on it. And that’s part of the problem because you likely won’t find the advertised celebrities at the seminar.
Also, the information provided is usually basic and might be useful to you. Just realize that none of it is “secret.”
Now, the biggest problem that I have is with the cost of these programs.
Most charge around $2,000 for the seminar and then try to sell you their $1,000 software and other overpriced items that you probably do not need.
With a little time and research, you can find the same information in books, online and through networking with local investor groups.
For example, if you wanted to learn about real estate investing, the first book that I would point you to is The Millionaire Real Estate Investor by Gary Keller.
It’s less than $15 on Amazon and is full of the fundamental advice that you need at the start.
As Founder and Chairman of Keller Williams, Gary knows a few things about real estate.
This will help you decide if the world of real estate investing is right for you without breaking the bank.
And if you want to know where to network with other Nashville investors, just give me a ring.
I won’t let you flop.
Post a Comment