Insider Tips About Get Rich Quick Real Estate Seminars

You won’t get rich quick after attending a real estate seminar.

A couple decades ago, this Sacramento Realtor associated with a few real estate seminar companies in southern California. I didn’t promote nor speak at the seminars, in case you are wondering, but I did provide property for the attendees to purchase and, in some cases, I represented the seminar speakers for investment purchases. I had nine years of experience doing this with my own brokerage in Newport Beach. I’m not bragging and, in some ways, feel a bit guilty and ashamed that I was even associated with some of these people — I write this to provide insight and background.

Even today, I get questions from sellers and buyers about no-money-down real estate seminars. You see them splashed in full-page spreads in the newspaper. And clients attend them. They ask, “How can I buy a short sale and get cash back?” The answer is you can’t get cash back. Well, you can, but you’d be committing short sale mortgage fraud. Clients get confused. They think we’re hiding some real estate secrets from them because, believe me, these speakers are plenty charismatic. They could sell the Brooklyn Bridge twice.

People do all sorts of underhanded things in real estate. But it doesn’t mean consumers should do them. Many of the schemes seminar attendees hear touted from the stage are against the law.

I’ve known a few speakers to outright lie to the audience. When I’d confront them later to ask how they could say such an outrageous statement, they’d come up with some likely excuse that, on the surface, sounded feasible but was only part of their facade. Many of these speakers presenting real estate seminars are unscrupulous.

Here are truisms every consumer should know:

• There are no secrets in real estate.

• If an idea sounds too good to be true, it probably is.

• If the guy on stage could do what he promotes, why is he on stage talking to you?

• Many of the no-money-down techniques are impossible for novices to do.

• You will find more answers on the Internet or in a public library for free than throwing away money on buying books, tapes, CDs or videos.