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that kind of money on what he offers.2. His network? Really? I once got a call from a borrower who had paid $100 for a list of hard money lenders that Montelongo was selling as being his special vetted list. My name was on it, but his organization had never contacted me and he didn't know me from Adam. He had simply scraped my name off the internet.
Don't waste your time/money. It's usually $40K. Save the money. Better yet, use it as down payment for a couple of turn key properties. I have never been able to understand why people pay $30K or $40K for the privilege of buying one of his over priced turn key properties. I've had more than a few people contact me asking if I could help them unload a property in Indianapolis that they bought on one of his bus tours. I couldn't help them because I didn't want to be a part of the types of properties he sold them. That's just my two cents but I would never spend Air Max 1 Ultra Essential Womens
Two Great reads, I bought both J. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.
As I'm assuming you are looking to get into rehabbing, I would recommend that you:
just starting out in real estate investing and this site which has been a great read by the way. so I almost fell for the bus tour 30k event in sunny California when I went to Armando's 3 day, $ 1,500 seminar in Cambridge ma last weekend. to be honest it was informative for basic flip techniques, but was so annoying listening to great he is at real estate investing, but I guess he is, I mean he has turn key properties for you to invest in which he already owns, then he owns the PM company that will be running your property so I guess hes making cash at every end of the deal !!!! to be honest I kind of still want to go !! then I say to myself take the 30k and do your own deals. But am I missing out on getting in with his network? I mean its all about your network right? Im building a solid foundation here in mass but is it easier in Orlando? California? Texas? IDK figured I'd get into some forums and see what's really going on , looking forward to see what people have to say about the "guru's" thanks guy's
Attend local networking events
If you're nervous about doing your first rehab, wholesale the deal to another rehabber and ask them if you can learn from them or partner with an experienced rehabber. Lucky for you, there are a lot of active investors in our area. You'll meet some of the more experienced at the Black Diamond event in Waltham.
3. I think if you do some web searches you'll find the Montelongos have some bankruptcy issues, so they probably need your 30K more than you do.
where you spend your money.
Check out the free BiggerPockets Podcast A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.
Download BP's newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting overYou'll notice that 100% of the responses advocated against the event. That's for good reason. Most new investors are sucked into the dream that a guru will open the doors to success over night and, unfortunately, that's just not the case with real estate. Once you start getting more involved and knowledgeable you'll realize that, like anything else, it takes time and lots of work to build wealth. And Nike Air Max 1 Black Suede
Spend some money on marketing to motivated sellers (research how to do this)
to become truly successful, you'll need to build systems and treat this as a business.
4. Between Bigger Pockets and local networking, you can find real connections that will actually help you instead of suck you dry. There are a bunch of MA investors here on Bigger Pockets, set up your keywords to include MA, Boston, and Massachusetts to find them and be notified when a conversation is posted.
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6. Every time you are about to attend a selling speaker event, google them first with the words scam or bankruptcy and see what pops up, it will help put it in perspective. I'm absolutely not saying that all selling speakers are scammers, some of them have good products at reasonable prices. You just have to be careful Nike Air Max Zero Green
Now, I will say that I can see the value in paying for a coach, mentor or at the least, partnering with an experienced rehabber to reduce the learning curve. The difference is that they'll be adding more value to you than they are charging.
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5. I definitely recommend you start going to networking events in Massachusetts, but before you show up at some of the events on Eleena's list, be sure to call them first. About half on that list are no longer in existence, so check them out first. The closest to you is BostonAREIA in Medford (not Newton). Leave your credit cards at home when you go to these events when they have selling speakers, so you won't be tempted to pay $30,000 again.
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