getting started - Posted by Mike Marchio

Posted by Gene on June 05, 2007 at 11:06:39:

No need to spend $7500 to get some info.

Hit the library. Spend the next two weeks reading for 2 hours a day and you will have a ton of ideas.\

Also check out the articles on this site. If you run across questions…search the archives on this site.


getting started - Posted by Mike Marchio

Posted by Mike Marchio on June 05, 2007 at 10:51:02:

I recently went to a seminar, very interesting but $7500.00 for a 3 day course seemed steep!
But what leverage. I want to invest and hold for the rents for retirement will be 60 this summer and want the income to roll in when I hang it up.
Have bought and sold in the past used conventional financing and fixed and sold. Can’t seem to locate propery afordable to purchase and make money on, need help with how to find those properties.

Re: getting started - Posted by Rich-CA

Posted by Rich-CA on June 05, 2007 at 13:48:06:

If you consider that corporate training classes run between $400 and $800 per student per day, this is way expensive. That’s usually a sign that its not a good investment. Corp training classes are a lot more expensive than college courses, but at the end of the class you can do what they have taught and the exercises demonstrate some grasp of the subject.

Affordable property takes WORK to find and obtain. There are a lot of “investors” out looking for the same thing, which makes getting these properties even more work.

Depending on where you are and what your return on investment goals are, you may have to invest in a part of the country that better matches your goals. For example, if you want to buy rental property that provides income each month out of the gate, and you only want to put down 20%, you eliminate most properties in places like CA, Phoenix and so on.

Re: getting started - Posted by RR

Posted by RR on June 05, 2007 at 11:55:51:

Some of these mentors are a scammers. I’m serious they get you all pumped up then when it comes time to get started it turns into a can of worms. They give you basic info, and they coach you in 1 hour incraments a week over the phone.
Now, this isn’t bad until you realize that you only have right around 8-10 sessions with your coach and you’ve paid $4000-$6000. Then when one of there “start up specialist” call you up and pitch you for even more money on things that sound really good but the truth is that there selling you info that’s free somewhere on the internet