Time To Push THE Button.....PART 1

Okay, it's time to get right into the real purpose behind this BLOG. Those pesky, irrepressible, overly abundant How To Make A Million Dollars In Two Days real estate programs.

I know you've seen or heard about them, and you've probably taken one or more of the courses I'm referring to, haven't you? I have... By now you know that they're real intent is to make money, for them, not for you. And, since we live in the good old USA, there's nothing wrong with that. So long as you understand that going in, or at least coming out.

Another one of my cornies is "a mistake is only a mistake if I don't learn anything from it". Is taking one of those courses a mistake? Potentially a costly mistake? Depends. What was your motivation for taking the course? What did you get out of it? Was what you got out of it worth $5,000, $6,000, $7,500 or as much as the $20,000 you paid?

Virtually everyone comes out of any motivational (and these courses ALL include to some degree a motivational piece, to provide, if nothing more, distraction from the lack of depth of subject during the discourse) seminar or program all pumped up and ready to knock'em dead. And then, later, reality sets in, when it hits home that there's work involved, and it's not as simple as demonstrated on the whiteboard, the air is let out of the balloon. (Refer to the posting a few days ago about running a business...)

As far as I'm concerned the value of most, or at least some of the programs active today is the insight into proven, what I call formularized buying. Actually, being a Realtor, formularized buying is the bane of many a Realtor tasked with submitting offers for a fledgling investor using one of the taught formulas. The unsuspecting Realtor is handed what he/she sees as a "low ball" offer and the offer is quickly, unceremoniously rejected by the listing agent, and the investor's agent is probably at least minimally chastised for wasting the listing agent's time with such an offensive offer.

But the formulas have value, and learning how to interpret the numbers is a key aspect that is not really taught very well, if at all, although the foundation is provided. The problem is that people go in thinking the program is the whole enchilada, it's not. Realtors who don't understand the formularized buying methodology are frustrated by "learned" investors and investors are tasked with searching out Realtors who "get" this kind of buying. The result is a lot of frustration for newly minted course graduates over the first 60- 90 days out in the field trying to cultivate their new real estate empire.

Over the next few days, how those lessons relate to:
Bread and Butter Houses
Foreclosures and Short Sales
Wholesaling (Contract Assignments)