It would be impossible to outline 2 days of training in 500 words or less and so I won’t try here. Bill Barnett’s free seminar about real estate investing may have been the best 2 day commitment to learning and growing I have ever made, the proof will come over the next 5 months as I close in on my goals this first year. Bill’s book, Are You Dumb Enough to be Rich, started this all off when I won the book for coming the furthest to a DFWREIClub meeting in Fort Worth where he was speaking. Bill understands you can become rich in real estate, that real estate has produced more millionaires than any other industry, but he is not satisfied with riches, he is focused on wealth. Wealth comes from having holdings that continue to generate riches for you. I agree with Bill, I would rather be wealthy than rich.
We who took the course over Friday and Saturday this weekend past were shown the 5 myths and secrets to successful real estate investing.
We were giving hands on and simple formula’s to follow when locating, inspecting, and rehabbing properties. Marketing your property was discussed, as were the many ways to finance your deals. Private money, hard money lenders, personal investments, traditional mortgages and owner financing were explained. Bill also shared with us the ways around the SAFE Act. Saying that there are ways around the act imply some false or deceptive practice and this is not the case. Bill’s lawyers spent days going through the law to find ways in which an investor can provide seller financing for more than the 5 homes in a running years worth of time as the law is constituted right now. This in itself was worth the price of admission, if in fact there had been a price for admission. Getting all this hands on experience in a two-day period of time is priceless. Putting it into action over the next several weeks will be the proof.
Bill, Hugh O’Donnell, and Kris Barnett all made themselves available throughout the two days to answer any specific questions you might have. I have always been a big believer in sharing information and Bill lives this belief of mine There are no secrets, but there are systems and methods that can make you more successful. Bill showed us his exact system for building wealth now. His point is following this system exactly and you will achieve the goals, deviate and you will have issues. The next free seminar like this won’t be until October, I suggest that any investor, real estate professional get to that event and learn. By then I expect to be on my road through the riches towards the wealth. The program is not without challenges and pitfalls, so it does take a person who is willing to challenge him or her on a daily basis, but should you wake up everyday with the right mindset and put in place the correct procedures there is no doubt you can achieve as he predicts.
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