Right Place To Post This Topic? Beware Of Gurus?
It seems that there are a few people who have alot of information on how to do deals and find financial freedom.. Are there any people that anyone would recomend learning from or doing deals with?
No seminar sales or marketing just making money....
I would not waste any money on seminars. There is good info here, Joel (the owner of the site) intends on making the search function free very soon.
As a guy who has done a couple hundred deals in a single year and who has also never gone to a boot camp, seminar or taken anyone courses prior to investing, I would state that the lessons learned for the capital spent is too great a price to pay.
I would have reached success faster and at a far lower education expense had I gone to a few "Honest" camps or seminars..
Here is the deal...
When you read something, yes you can understand what the words mean, however you cannot understand their importance unless heard.
When you hear words spoken you can have a better indication of the message being expressed however until you see the words spoken will you not see the full benefit of the sound...
Don’t discount training...
I always say real estate investing is one of the most difficult things to learn and easiest things to duplicate once you do...
You can either take a life time to figure out what is required or you can go to a boot camp..
As for a website and if the training here or at others is adequate, ask yourself this; where is the credibility meter? There are those posters who read a post and its answer and when someone else asks a similar question rewrite it as though they are a seasoned investor. Problem being the original poster may have guessed at the answer.
You should never ever rely on an answer without your own due diligence. Heck what I am required to do in California doesn’t apply in another state… As a Sub 2 guy I couldn’t give you the best advice when asked about lease options… Not to mention silly passive income strategies
Good Luck
Michael
I am not sure the legality of this and it is a terrible move by the city. Lenders will be hesitant to lend where they have trouble, they will follow the path of least resistance. And if no one can get a loan due to limited lenders, values go down further. Look at the Rust Belt.
There has not been much buzz locally about this on our REI group. This is typical Philly politic. There is no long term legal issue here because it is a postponement. The public will interpret it as a move to help those being foreclosed on to have time to get things together.
If you were acting on short sales this is a good thing. It all depends on what you are doing.
There is no law here, just a postponement within the political realm.
Sure someone can complain or sue or whatever... we are a litigious society.
Joe
I really believe the problems with letting bk judges rewrite notes are outweighed but the overall harm to the ecomony contined displacement in the residential housing market will have.
I do have policy problems with it...a deal is supposed to be a deal. However, these guys were overreaching in my opinion...they are not without blame. Allowing bk judges to modify the note will provide a solution that is NOT funded by the taxpayer and goes to the heart of the matter. More foreclosures would be fanning the flames on the fire.
A deal is a deal is already regulated for the public benefit...you cant contract for illegal things...right?
This just may be a case where private market needs to yield to some intervention for the benefit of all.
It seems to me fixing an interest rate and term for a period time would be a stop gap.
It is a unpleasant solution but the other solutions involved spillover to peolpe who had nothing to do with it.
[ Edited by otter1 on Date 04/06/2008 ]