Posted by GL - ON on July 30, 2003 at 12:49:37:
They don’t work. You have to work them.
Look at it this way. You probably know people who have made money in real estate. Do you know an older person who has owned their own home for 10, 20 years or more? Yes? Has it gone up in value? Yes? If they sold out everything they own, would the house be the most valuable single investment they have? Yes? Are there people like that in your town? On your street? In your family?
So we know it is possible to make money in real estate without even trying. Because most of those people bought a house to live in, not as an investment. They know “real estate is a good investment” but that’s not why they bought it. It doesn’t matter, it went up anyway.
Now suppose you decided to really work at it. Could you buy an extra house and make more money? Could you buy 2? 5? 10?
There are people who post regularly to this board, who own 10 houses or more.
All right. Now suppose you decided to educate yourself and learn how to invest in real estate. You came to the right place. This is the most active real estate board on the net, and you can get honest opinions (sometimes TOO honest LOL) about almost anything.
So now. Is Carleton Sheets course the education you need? Basically his course has some sound principles but is about 20 years out of date. You could probably make money using nothing but what he teaches. But you could get as much or more, out of some books you can get for $15 at Amazon or free at the local library.
For more info do an archive search for Carleton Sheets. This subject has been beaten like a borrowed mule for the last 5 years.