Real estate seminars? Do they really work?

Answer 1

My brother has over $10,000,000.00 in assets he aquired through real estate. That is net, not gross (that is all of his assets minus all of his debts). He never attended any real estate seminars. He just worked and studied very hard for a very long time (over ten years). My brother is a college drop out who waited tables.

Actually, I lied. My brother did attend one seminar last year, along with several other people I know who are real estate developers. They were all already very rich by that time, however. At the seminar, all of them were told that everything they had been doing was wrong. Remember, all of them were already rich. The seminar was wrong.

Those seminars are designed to sell you things, even if you attend the "free" ones. By the way, I am a real estate attorney. My brother bought one of the books from the seminar and gave it to me. Many of the actions that were advised in the book were illegal.

Answer 2

There are two areas to consider. First the information that you actually learn at the seminar. This answer really depends where you are on the ladder. The newer you are, the more you will learn. Only you will be able to tell if it was worth the money.
The second thing is information you get from other people attending the same seminar. This is usually worth more that the seminar itself.

Answer 3

I spent $3,000 on Robert Allen's seminar few months ago.
They take too much time on topics that are not that important and cover only briefly on things that are important.

And then they try to convince you to spend additional $21,000 worth of materials & training. They do this on the 2nd day of training.

Also right before I signed up, they said I can access their real-estate software called "real deal" for $29.99 but when I tried to purchase it during the training, they said the brochure I received during the registration was outdated and that they now sell the software as a package for whopping $10,000.

It's basically a bait & switch scheme.

Answer 4

Real Estate seminar works and really helpful.

Real estate Seminars are conducted for discussing real estate investing, real estate investments, no money down and no down payment creative real estate techniques and all other real estate investing related subjects. These seminars provide current information on laws, regulations and best practices that impact the success of business or the business of clients.

Answer 5

Sorry to refute MK's apparent all-knowing authority on the subject but here goes. I've only been to one seminar. It was free and, of course, there were materials there for you to buy. I didn't buy them there but bought them on eBay for far less.

Since then I've bought DOZENS of houses with no money down. So, don't listen to the naysayers. As with any material it will only work if you put what you learn into ACTION! No material will make you any money sitting on the shelf gathering dust.

BTW, Keep these two things in mind.

1. Never take advice on how to get rich from someone who is broke.
2. If you always do what you've always done, you'll always get what you always got.

Reply to MK (above): I have excellent credit and a good income. However, I never used either one to purchase these houses. I have since used my credit for hard money loans for rehabs (lender only requires a 620 mid score). I DID read your post completely, BTW and you're right, I'm dreaming (all the way to the bank).

Reply to SaraB (above): Most RE Agents have a similar reaction because they refuse to think "outside the box" of LISTING/QUALIFIED BUYER/COMMISSION. There are other ways to buy and sell houses and those agents/brokers who open their minds end up realizing that Investors are NOT their competition and can be a great tool to have in their "arsenal". I work with RE Agents and Mortgage Brokers in my business and they LOVE the fact that I can get them commi$$ion$ on hard-to-move houses and expired listings that they'd otherwise kiss goodbye.

Answer 6

Well, there are two answers to this question: no and yes.
No, they do not work for people who buy into this.
Yes, they work for organizers of those seminars.
Why no? Because in real life you'll never buy a house with no money, no credit and no income. NEVER HAPPENS.
Why yes? Because a new sucker is born every minute.
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To Bigoilma (see his answer below) - I believe you could have bought dozens of houses with no money down. But did you buy them also with no credit and no income to show?
READ what people say first, then make sarcastic remarks. I said "no money down, no credit and no income."
And if you tell me that you actually bought dozens of houses with bad credit and no income to show, you are dreaming.
Just like the rest of those seminar graduates.

Answer 7

Never been to one, but some of the agents in my office have and they just seem like a waste of time. They all say the same thing too. I'd rather put my money into something more productive like advertising.