Real Estate Guru Reviews By Clever Investor

Most of us have seen a late night infomercial from someone claiming that you can buy real estate for “no money down”. Boats, fancy cars, and hot women flash across the screen while the “guru” promises to unveil his “ninja secrets” if you call the number on your screen. Our favorite one of all times was the 1980′s real estate guru Tommy Vu!

Some of us have even attended seminars where the speaker was such a great presenter that people were literally running to the back of the room with their checkbooks out. Special “limited” offers and the “herd” mentality creates such a competitive environment that even the most level headed person ends up buying stuff they don’t really need. Most real estate gurus are highly trained speakers and salesmen that don’t currently even invest in real estate anymore.

How Can Real Estate Guru Reviews Help You Avoid Wasting Your Money?

The one thing we all can agree on is the fact that having a mentor can help fast track a person’s success. If you do ask most successful real estate investors if they had a mentor chances are they will say YES! Learning from another person’s failures and getting on the fast track to success is a much better business decision that going at it alone and staying in the slow lane. Below are some suggestions we have so you can avoid wasting money on real estate courses you don’t need.

Real Estate Guru Reviews Tip #1 – There is no “Easy Button.” If someone claims they have a “push button” way to make a pile of money, then run away. Yes there are some great technologies available to real estate investors now-a-days that can help automate certain aspects of one’s investing business, but at the end of the day being successful as an investor is simply a numbers game. The more offers you make, the more deals you will do. You’re only as good as your network and power team, and there will always be certain aspects of the investing business that can never be automated!

Real Estate Guru Reviews Tip #2 – FOCUS! There are many smart investors out there coming up with very creative ways to make money in real estate. Once you buy into a course or strategy, get hyper-focused and avoid “shiny object” syndrome. No one gets rich from buying real estate courses and leaving them to collect dust on a shelf. Take the time needed to digest the information and then take immediate and purposeful action to implement what you just learned. Don’t get sidetracked by the latest and greatest get rich quick scheme!

Real Estate Guru Reviews Tip #3 – Walk before you run. Some guru programs “help” you get started by selling you a portfolio of rental properties, along with property management. You might want to invest in one or two properties close to home before you consider buying 12 or 20 properties, sight unseen, on the opposite side of the country.

Real Estate Guru Reviews Tip #4 – Don’t fall for the upsell. If the guru is trying to upsell you to a more expensive package before you have had a chance to work through his first program, feel free to slow his process down. You are the student; learn at the pace you are comfortable at. Being rushed or pressured into buying more should be a giant red flag to you.

Real Estate Guru Reviews Tip #5 – Check Materials for Recent Examples. Some real estate strategies have been around for decades and they still work. However, if all the examples in your guru’s presentation are from twenty years ago or if the website links in the manual are all dead, your guru is in need of an update. Even more recent examples, for instance, deals done from 2003 – 2006 were done in a boom market. Anyone could make money in real estate during those years. Look for someone who is still actively investing in real estate and making money today.

Real Estate Guru Reviews Tip #6 – Most real estate strategies work in most areas. Your guru doesn’t have to be local but he should encourage you to learn your local market. He needs to show you the best and fastest ways to familiarize yourself with your marketplace. He should be able to help you analyze the demographics and economics of your area to find the best strategies for your marketplace.

Hopefully, these six tips will help you avoid the flashy marketer-style non-gurus. The best real estate teachers are not the guys in the expensive black suits with the fancy sports cars. They are the unassuming guys who love real estate, have had successes and learned from a few mistakes and are willing to share their knowledge with you. The real estate guru reviews should always include the fact that the teacher delights in his students’ successes.