The Rotten Side of Real Estate Investment Seminars
There is a reportedly growing trend in the real-estate-investment business. ‘Gurus’ are said to charge thousands of dollars for a real estate investment seminar. While independent real estate investment seminars and the number of people who attend them are not typically tracked, their appeal remains.
In a real estate investment seminar, it is often the people running it that get paid with money merely from admission fees and sales of seminar materials like books and tapes. There are already lots of crafty salesmen who spread the gospel of no money down, fancy financing, flipping real estate properties and various other get-rich-quick ploys.
Also, there are speakers in a real estate investment seminar that take advantage of the naïve, the uninformed and the uneducated consumers. Though these ‘experts’ never fail to inform you and amaze you with their real estate secrets, and though there are those who never cease to enlighten you with their advice, these are probably going to land you in jail since a lot of these speakers supposedly make up things that could lure an unsuspicious person into trouble.
In addition, a lot of real estate investment seminar speakers are viewed as unethical. An example is a speaker who would arrange real estate counseling meetings with selected investors in the audience and charge them a large fee for it. Other speakers who pre-screen audience members put indications on their name badges that help recognize the financial condition of these people, in turn, lessening the chances of having to talk with investors with only a small amount of money.
With regards to their claims on moneymaking ideas, these real estate investment seminar gurus say that some of them are reasonable, some have not been carried out, and some are not in favor of the law. And, the techniques they utilize and teach are not targeted toward the average investor, despite words of assurance and publicity.
When it comes to several get-rich-quick strategies, a lot of these operate according to a tried-and-true theory of behavioral psychology referred to as the variable ratio reinforcement schedule. Basically, people will keep on doing something, despite little or no return, if they are provided the smallest bit of likelihood of an imminent recompense.
Though it is widely believed that there are fortunes to be made in real estate, it is suggested that investors avoid unscrupulous characters that offer get-rich-quick schemes. It is likewise suggested that investors not trust them and not do business with them.
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