Quote:
Originally Posted by Fat Charlie
It seems that all of these guys touting high paying jobs actually get their money from being Youtubers.
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Ding, Ding, Ding!
If he can really make more than $250K a year working 900 hours per years (300 houses x 3 hours) why is he hustling on youtube and saying he is travelling the country to teach people how to make money in real estate.
It is the same pitch as multi-level marketing and other similar ideas. Here is this turn key system to make multiples of the median household in far fewer hours. It is so simple that anyone can do it but when you fail it is because you didn't try hard enough not that they system doesn't work.
His real pitch is this: "How to buy real estate in 12 exact STEPS with NO money out of pocket -- using a REAL EXAMPLE."
He will teach you for only $1,099.
https://meetkevin.teachable.com/
Start Rant:
Which is cheaper than the plan sold in the most recent real estate book I read by Michael Blank: "Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate - Even Without Experience Or Cash" It is a 258 commercial for his $2000 DVD and online class. But only 7 steps instead of 12
This book is a sales pitch to get the reader excited enough about real estate investing to buy the author’s $2,000 DVD class and online tools. It is all about motivation, success stories, and some not so humble bragging about his success. There is a bare skeleton of steps required to buy your first multi-family rental property without any of the details required to do it. For the details you have to buy his DVDs.
A quick summary major points of the book.
Working sucks. Wouldn’t it be nice to retire in 3-5 years and have unlimited time to do whatever you want. You can do this with real estate investing. Multi-family rentals are best because you can get rich faster and with less work.
Problem 1: You have no money
Solution : Hit up anyone with a pulse for money; your friends, family, co-workers, acquaintances, etc. You will convince them to invest by making up a fake investment deal with 15% annual returns. Buy his DVDs to learn how.
Problem 2: Your first investment should a poorly managed property that you can buy for under market value and turn around almost no effort.
Solution: Buy his DVDs. His class will teach you to analysis properties and make offers in 10 minutes.
Problem 3: Nobody will take you seriously because you have no experience or money.
Solution: Bluff. Pretend you have a lot of experience and are backed by wealthy investors. If you buy his DVDs he will teach you how to bluff AND pretend to be an investor in your first deal.
There were a couple of good tidbits but really just another frustrating read. I guess I shouldn't expect more for free in Amazon's Kindle Unlimted.
Where do you find a real Real Estate book? Not a get rich scheme just a book that walks you through the process of evaluating properties and calculating cash flow and return on investment.
End Rant.