Seminar Fakes and Housing Rip Offs Part 1

Seminar Fakes & Housing Rip Offs to Avoid

Our friend and fellow real estate investor out of Jacksonville, Florida, Jim Sheils explores the world of real estate investing as he shares tips for covering your butt and avoiding slimy gurus and foreclosure homes that are never going to give your money back.

This is an important subject and no one else seems to bring it up. But it's something you need to know about so you can stand up to the 800lb gorillas that are ruining the wealth creation industry.

I am passionate about education. I love to teach. I love to learn. I've spent 6 figures on my education and I've made 7 figures from it. So let's make it clear right up front, I am pro-education and from my own experiences, I can honestly say that paying for specialized knowledge can be the best decision you'll ever make. (As long as you put it into action and go to the right people to learn).

However, being around the seminar industry for several years both as a student and an educator, I have also learned there are a lot of fakes out there. Some of these "Gurus" have never actually done what they're teaching.

TOP 3 WARNINGS FOR GURUS YOU WANT TO AVOID:

1) They are arrogant and know it all.

They did it all on their own. Superior intellect and fancy techniques is all it took. No mistakes will ever be spoken about. Arrogance (not confidence) oozes off of them on stage. They speak down on their students. If you were in a normal conversation at a party with this person, you'd have no desire to hang around them, but now.... since they are on stage....and promoted as a real estate investing guru...with a large following... Now it's OK to be rude and arrogant? I used to think so. But now I know better. If I see someone act this way on stage now, my internal alarm system automatically goes off.

If arrogance is oozing off them and they are rude to their students, it's not OK .You should not be impressed and I encourage you not to work with them. Gurus put their pants on one leg at a time just like the rest of us. Be weary of these types of people, be VERY weary of them. These are the exact type that will take your money with no remorse and have little concern for the quality or effectiveness of the education they provide you.

2) They don't teach anything.

They give no content! Everything is an inflated success story to support their flawless investing technique (with very little details). They'll constantly be giving you a sales pitch to buy a bunch of bigger, more expensive programs that promise the content you'll need to make a million dollars in 90 days or less....yeah right. If you go and see someone speak, and they give you nothing but a sales pitch with no content , expect the same thing for their next 2 programs you sign up and pay for. These are the "carrot on the stick" gurus that will stretch out and delay the real info you need to learn and they make you pay for it dearly.

3) They over complicate the business.

If a subject can be taught in 1-2 seminars...they will divide it into 10 seminars. They make you believe that real estate investing is a great abyss and without signing up for every program and product they have to offer, you will fail. They also convince you that they have some fancy "system" that is the secret way to huge profits.... GUARANTEED (there's no such word in real estate investing!). These gurus love complexity and encourage you to take part in it. So if someone is telling you that you need a fancy phone system, software programs, massive power team of lawyers, websites, expensive marketing, huge letter campaigns, etc just to get started in foreclosures....RUN AWAY! You do not need ANY of those things to start investing in foreclosures.

The reason I talk about this is in such detail is because the foreclosure market is becoming the big buzz again in financial education. And with popularity behind it, the Fakes are entering the arena like sharks circling their prey. But that's OK, you now have the education to identify them and most importantly avoid them!

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