Questions To Ask Before Enrolling In A Real Estate Investment Education And/Or Coaching Program

If you are like me, then you have an interest in real estate investment and want to do the right thing by educating yourself so that you can obtain your first real estate investment cheque. I have spent thousands of dollars over the years trying to find the company that would help me accomplish this goal. So what did I do? I watched various infomercials on the television with amazing testimonials of real estate investment success. I quickly found that once I registered to attend, my information was sold to various marketing companies, and I was in receipt of invitations to other investment opportunities that I didn’t even know about. Okay. Now I have sifted through all the invitations and I am on my way to a one-day seminar.

For the most part, the information delivered is tantalizing and I am hungry for more knowledge and the opportunity to start working on my first deal. I also find that the information delivered in the one-day seminar is in bits – for a beginner investor, it is not enough material to be useful. But what do I hear? I now have to register for a weekend workshop to learn more. Full of excitement and determination, I pay the $1500 to $2500 cost for the workshop and off I go. Again, the information presented is titillating and at least one of the presented methods is immediately implementable. The other participants and I followed the instructions given, but no results – we could not find a property matching the given search criteria. Therefore, the audience was not taught what the next steps would have been had we done so. Still filled with hope, I took careful notes and listened intently for the remainder of the workshop. What’s this I hear? I can have advanced training if I want, a coach to work with me one-on-one, and the almost guarantee that I would make money at that level? What’s the cost? Oh, only between $10 000 to $100 000. This is where I hit the proverbial brick wall. Where was I to find all that money, and for some of the workshops, the money had to be paid the very weekend! The long and short of the model is this; one has to spend anywhere from $1500 to about $100 000 without even doing your first real estate deal! It didn’t make sense.

Wait a minute. I now found that most of the real estate investors, who were calling themselves and each other gurus, were doing a massive on-line marketing campaign during the market’s downturn, only this time downplaying the ‘guru’ title. They were all offering one-on-one coaching. Why? No one was attending the conventions and workshops as before. The personal coaching idea sounded good. I decided to check out a few of them and tried one of them. I tell you the truth, because I was a rookie, I didn’t know what to ask for or what to expect from this coaching. As you can imagine, I did not get my money’s worth. By the way, the coaching was through e-mail and sometimes instant messaging only, at a cost of USD $1000 per month. Now, I could have allowed all these disappointments to derail my vision and cause me to be bitter. I refuse. Instead, I decided to use the experience to help others in similar situations make better decisions, spend less, and actually make money in real estate investment.

The sum of it all is this: not having the right real estate investment education will cost you money and just as truly; obtaining the right real estate investment education will cost you money. However, obtaining the right education is an investment, not a liability. What should one look for in a real estate investment coach/coaching program? What questions should be asked? Here are a few to consider:

• Before any money exchange hands, an outline should be provided to the student to ensure that both parties/sides understand what will be offered.

• Costs should be clearly defined and explained.

• Discuss funding. Will the coach/organization provide funding for your real estate deals? If not, will the coach/organization provide you with information that will allow you to access funding? What type of funding can you expect? Will it be transactional funding, hard money, private money, other?

• Discuss if there will be or is there an option to partner on deals. Will the coach/organization put up the funding for the real estate deal while the student does the ‘ground’ work? If partnership is an option, discuss and agree on the split. Will it be a fifty-fifty split?

• Discuss availability of the coach: Does the student have telephone, e-mail, and/or text access? What response time might the student expect? Does the student have to pay the fees for services like Skype or is it included in the coaching fee?

• What are all the things included in the coaching fee?

• If the coach is not available, is there a mentor or someone else that will be available?

• Is this a stand-alone coach or is there a professional team available to the student? Is there a lawyer, accountant, contractor, et cetera that are a part of the team? If the coach is a one-man-band, then this might not be a good option for you.

• Is there creative financing for property acquisition?

• What are the payment options for the coaching costs? What are the financing terms?

• How will the education be delivered? Will it be delivered through webinars, CDs, mp3’s, other? For how long does the student have access to the education?

• How current are the strategies being taught? Is there proof?

• Relative to the cost, how long is the coaching? How many hours of one-on-one coaching?

• Will the student be provided with a virtual assistant?

• What peripheral costs are entailed in the program? For example, LLC, websites, 800 numbers, et cetera. What other additional costs might the student expect to pay/cover?

• What real estate investment qualifications does the coach have? If the coach is reticent to discuss this, then that might be a cue to not sign up with that particular coach/organization. Also, if the coach has a bad attitude, then you should reconsider using him/her.

• Research the coach on-line. Look at reviews. Check out Facebook, MySpace, YouTube, LinkedIn, et cetera. Also use these sources to review his/her profile. Hint: If the coach has less than five hundred contacts in their profile, then that could be proof of inexperience.

• What is the approximate turn-around time from the time the student signs up and follows all coaching instructions, to the time the student does his/her first deal?

• How many hours per day/week is the student required to invest?

• How are deals analyzed? Does the coach personally review them? How many exit strategies does the coach utilize per deal?

• What is the coach’s real estate investment specialty: wholesaling, fix and flip, buy and hold, et cetera?

• What real estate strategy are you expected to start with? Will this complement or go against your current financial situation?

• How much money is the student expected to have on hand to do his/her first real estate deal?

• If student does not make any money in say the first three months of the coaching, what is the next step? Will the current real estate investment strategy be changed or adjusted?

• What guarantees does the coach/organization provide?

• Is there a rescission period? What is it?

• Can the student do the coaching with his/her spouse or business partner at no additional cost?

With these points to consider, you should be well on your way to making the right decision as to your real estate investment education and coaching. I am sure that as you read through the points, they caused you to think of other questions that you might ask. Good.

All in all, I am very thankful that I have finally found an organization that is indeed the complete package for real estate investment education and coaching – and the price is right! Working with a team of experienced real estate investors does make a difference in performance and results! For more information please visit www.sell-buy-or-rent-to-own.com.

An Education In Real Estate Investing Can Be Your Best Investment

There are many people that are venturing out and searching for additional ways to make additional income. That is to be expected when it comes to real estate. Real estate has been a popular investment for many years. Many millionaires made their first million dollars in real estate. So it should come as no surprise that Real Estate Investing is being glamorized by celebrities like Donald Trump and various television shows that depict real estate investing as a big money maker.

Real Estate Investing can be all that celebrities and television program make it out to be, but it is not as easy as it looks. Real Estate Investing requires knowledge of different techniques that can be used when trying to buy, sell, negotiate or repair a house. Without this type of specialized knowledge real estate investing can be a monumental disaster.

Having laser specific knowledge can mean the difference between success or failure. Knowledge is what separates those that invest in real estate and those that talk about investing in real estate. The knowledge that is required is not difficult to master. In fact, just about anyone can be a successful real estate investor. I have seen people from all walks of life and educational backgrounds go on to be successful real estate investors. One man that I know and admire very well became a successful real investor despite the fact that he first had to learn how to read. It is possible for anyone to learn how to invest in real estate.

Who should learn more about real estate investing? Anyone that is considering buying property as an investment should become educated before doing so. Rentals, foreclosures, rehabs, lease options and various other techniques are tried everyday by real estate investors. In most cases however, only the investors who have taken the time to educate themselves will be successful.

Also, anyone that is considering buying or selling houses on their own (without a realtor) is at considerable risk of financial loss if they don’t get an education before venturing out into unchartered waters.

There are many different types of educational opportunities. One can always purchase books from the local bookstore to get some advice. There is also a large number of websites that cater to real estate investing. Some of these sites will sell home study courses that, in some cases, give a thorough, explanation, training and education on various real estate investing topics. One may also find coaching and mentoring online to help those that don’t believe they are quite comfortable enough yet to do real estate deals on their own. Some colleges and Universities have also started to teach real estate investing.

It is never too early to start the educational process. Real Estate Investing can be a very lucrative business. It can also bankrupt those that are not ready to invest or that do not understand how to minimize the risks that come with the real estate investing territory. In the end every one that invests in real estate is doing so at their own risk. A proper education in real estate investing is a great way to minimize that risk and start one on a path of financial freedom.

Online Real Estate Career Preparation Program Availability

Preparing for a career in real estate can be done through various forms of educational training. For those who don’t have the option of changing their current employment or lifestyle to accommodate traditional classes, there are online programs available. Accredited online real estate schools and colleges can allow students to gain various skills in order to seek employment as real estate professionals. Training can be completed at numerous levels and allows students to choose a specialized area of study.

Online career study options for those looking to enter into this field are available at the certificate and degree level. Training can be completed in a number of specialized areas, allowing students to seek out the career they desire.

  • Certificate – typically takes anywhere from six months to one year to obtain.
  • Associate Degree – can require two years of accredited study.
  • Bachelor Degree – allows students to train for four years.
  • Master Degree – will require an additional two years of online study.

By choosing to obtain an education at any of these levels, students will be ready to seek employment and enter the workforce prepared for the career of their dreams.

Specific areas of study for those looking to obtain a real estate education will depend on the level of education earned. Students have the option of entering education in order to become real estate brokers, appraisers, agents, managers, and much more. Career options will vary based on the level of education, and students can choose more than one area to study. Accredited online schools and colleges area available to give students the quality education they need to have a successful future career in this exciting field. Specific areas of study will be based on the individuals desired level of education and career.

Coursework will vary depending on the online educational training program and the student’s desires. Various levels of education will also help to determine the subjects to be studied. Learning programs may consist of course in finance, law, advertising, computer science, business administration, leasing, economics, appraisal and many other relevant topics. By gaining an education in real estate from the students own home, they can choose to study at their own leisure. Training in areas such as these will help to prepare for a successful career.

Continuing education can also be completed for those who wish to enhance their current skills, or for professionals who are looking to offer their clients more services. Continuing education certificate programs can take anywhere from several weeks to six months time to complete. Accredited educational programs are available to give students the chance to pursue the career they long for. Agencies like the Distance Education and Training Council (http://www.detc.org/) are approved to offer full accreditation to the schools that supply a quality online education in real estate. Students can learn more about the field to prepare for enrollment in an accredited program, by requesting information from the school of their choice.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

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