With a recently adverted financial Armageddon in the rear view mirror people are looking around the ruins to see if there are any money making opportunities, and that’s where commercial real estate investing courses come in. These courses and others like them are exploding in popularity as people are wanting to diversify their investments, find a new line of more secure work or replenish their now pitiful 401Ks. Just like any other money making opportunity commercial real estate investing courses run the gambit from the awesome to the useless. So how can you separate the garbage from the gold? Come grasshopper, let me show you.
Unfortunately there are a lot of unscrupulous people out there who have seized on the increased desire and need of people find alternative sources of income. Many of these so called gurus and experts are great marketers of themselves and their systems but lack true in-depth knowledge of the market. Some have that knowledge but don’t want to pull back the curtain 100%. They would rather throw some pictures, tables and basic information together and let you bang your head against the wall thinking you’re a failure because you can’t follow their “easy path to riches”.
The first step in evaluating one of the commercial real estate investing courses you are looking at is by looking at the source of information. Can you independently verify what they are saying? Do they have a good reputation amongst investors? What does Google have to say about them? Here’s a good litmus test; if you’re being bombarded with pictures of their mansions, hot cars and even hotter women then you’re better off just dousing a pile of cash in lighter fluid and setting it ablaze. Are they giving you the hard sell? Do you have a limited time frame to decide? Then, again, just walk away friend.
Start by doing some basic research on commercial real estate or the specific subject of the commercial real estate investing courses you are considering. Get a handle on the information and see for yourself if they are just talking in circles or know what’s really going on. Join or sit in on a real estate investment club and ask around about what they studied to get where they are now.