We get heat every day from new attendees to investment workshops and the people who promote the workshops. In fact, every time I go to a new workshop, I ask the same question. "If it's that easy, why are you struggling to fill your workshops and sell your products? Why not just continuing investing?" The answer is always a variation of this statement: "To share our knowledge so we can help others achieve their goals." Wow - what a benevolent group of people! Yeah, right.
We get calls every week from new investors who think they can sit on the courtroom steps and buy foreclosures for 50 cents on the dollar? Or buy a $500,000 condo for $20,000 in back property taxes. That's fine. We can sit down and debate the point one day. Here's our position on the matter. Unless you are an expert (not a weekend dabbler) in this complicated area of real estate investing, you'll get crushed by the sharks out there who scoop up the real values and leave the "money pits" for the investment seminar dabblers to get excited about.
That said, there are great deals out there. A lot of them. And the credible investment seminars will teach you how to scout them out. They can take the form of pre-foreclosures, for sale by owners and other scenarios where urgent owners need to sell quickly, for less than market value. Finding them is work - real work. Cold calling owners and dealing with massive rejection. Structuring profitable deals. Protecting your legal interests. Managing service providers and contractors. It is not for the faint of heart. It's the reason the "experts" are supplementing their real estate portfolios teaching seminars and writing books.
Better yet, find an expect agent who understands the market, knows which sellers are the most motivated, which homes are in foreclosure, which are banked owned, etc. An experienced agent will help you negotiate the best deals and protect your interests in the process. Sounds like a better deal to me.
The business of investing in real estate is exactly that -- a business. I have heard some of the promises you have and people should really know better. I have worked with real investors and know that I definitely do not want to be in their business.
However, I gladly assist them in their business!