I was there! - Posted by Allen
Posted by Allen on September 09, 2003 at 06:05:17:
I trucked down to NYC from CT to hear the free 2hr seminar. I went strictly for motivation, and determined not to get sucked into the sales pitch. I didn’t.
Spend a night and read the posts on this site. They all say, put that $3k towards a deal. You can get all the info RA’s selling for free, with the added twist of real world experience and not guru lala land.
Also, I checked RA’s site. He has posted pages of “techniques” right there. I’m sure those are his miracle strategies that are discussed in detail at the full 3 day course.
I did pick up a few morsels of interesting ideas though. The speaker (RA wasn’t even there) said never ask a seller what he thinks the property is worth, or how much he wants for it. That establishes a baseline price that sticks in his head. As you negotiate, now you the buyer are whittling away at his expected price. Very negative senario. Instead, always ask, “What do you NEED to solve your problem?”. Good advice.
Another suggestion was to always buy within a ROTH IRA. Speaker claimed better asset protection and tax incentives. Also helps you prevent lenders from denying loans due to “too much property” in portfolio, and high debt to income ratios. I don’t know about this stuff. This is the first I’ve heard this suggestion. Any comments from CREONLINE?