Who Do you Use for Investment Coaching?

Who is being used the most for investment coaching? Realtors? Fellow investors? Accountants? Friends?

Do you attend investment classes? How have they helped?

What tips have you learned that are most worthwhile?

Can we get a top ten tip list going? Would getting an understanding of the true value of the property be in the top ten? I feel this is important because many times a sellers representation of value may be skewed depending on whether the seller is using county appraisal as the basis or rental income alone as the basis, etc. Other factors should be considered such as an analysis of value of other properties on the block or neighborhood. When a combined approach that uses multiple criteria for basis, a more accurate true value is derived. My husband is a Realtor who works at determining true value of an investment property.

Who can add to the list and who was your investment coach that taught you the tip?

Posted by Eula Lang on 11/07/2006 09:10 PM

Comments (5)

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5 Comments on Who Do you Use for Investment Coaching?

With the exception of William J Archambault Jr. http://www.reii.org/, I think very little of investment coaches. Most I have come across have been con men in every other industry and are now selling the scam to the "I need to get rich quick" crowd in real estate.

Investment classes? I tried a couple.

Help? No. They are mostly an attempt to get you to buy a book for $995.00.

Tips? Only one, but I had to sort of develop this tip myself while looking for a reason to consider my morning a few years ago a wise use of time....... If you look at it, offer on it.

You asked. I told. Investment coaches are a peeve of mine.

The people that are doing it and you know are doing it, probably have something that they can teach you. Beware of the professional Guru.

Sorry Bill. You are the exception to my rule.

11/07/2006 09:30 PM

by Rich Kruse (Gryphon USA, Ltd.)

Wow Rich,

I do my best, I hope I help my students, my clients, and my readers.

I have some very serious thoughts on this subject and maybe I should blog them but not here. I think the problem is people often mistake those live infomercials for classes. Anything that ends with a sales pitch is not a class!

If you're looking for good Gurus I'd like to be considered and I would also suggest Jeanette Joy Fisher http://www.jeanettefisher.com her books are head to head competing with mine, and rather artsie craftsie but good real estate and she's a nice lady. Then there is John T Reed http://www.johntreed.com his books are written for an investor a level or two above my current offerings. Reed's

"The real estate B.S. artist detection checklist" is the best article on evaluating real estate Gurus that I've ever read http://www.johntreed.com/BSchecklist.html

Bill

William J Archambault Jr

The Real Estate Investment Institute

http://www.reii.org

11/08/2006 02:21 AM

by William J Archambault Jr (The Real Estate Investment Institute )

Thanks Rich and Bill. I'll head over to these websites to see what I can learn. I appreciate the time you took to post!

11/08/2006 08:09 AM

by Eula Lang (Quilting Bits & Pieces)

Cheryl,

Besure to check out Reed!

Bill

11/21/2006 07:48 PM

by William J Archambault Jr (The Real Estate Investment Institute )

The other side of the coin is that the investor should always have his or her team of real estate advisors assembled and ready for anything that might come along, including a good Realtor that understands the markets, asset classes and niches they are interested in investing in, a good escrow officer or closing officer, real estate attorney, real estate tax advisor, an appraiser and a Qualified Intermediary if they are doing 1031 exchanges.

12/13/2007 08:24 PM

by Bill Exeter (1031 Exchange Expert) (Exeter 1031 Exchange Services, LLC)

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