The Flipping Pad

Posted by Dominick C. on Jun 20, 2010 7:47pm

Viewing infomercials on real estate can be quite exciting; seeing how individuals claim to have made millions in real estate; starting out with no money down, bad credit, no credit, and no experience. It makes you want to pick up the phone and order right away. Before you do, hold on a minute. The truth is, watching an infomercial is not real estate education and should not be seen as educational at all.

Those claiming to have secret formulas or insider information are simply attempting to entice you into buying their products. In fact, most information can be found by visiting your local courthouse or reading the daily newspaper. There are no secrets in real estate investing — you find property, you purchase it and resell it, rent it, or hold onto it. The real secret is finding the RIGHT property in the RIGHT location, at the RIGHT price. This information does not come from watching a television show, but from experience. While real estate classes can help you learn the basics, learning hands-on is truly the only way that you can learn real estate from the inside out.

It is essential that you start out learning the basics from a reliable source. This can be through schooling, a mentor/coach, online classes, or real estate agencies who offer training. If you participate in any type of accredited classes, they will tell you that the chances of finding a $300,000 home that you could purchase for $3,000 is simply not out there. Opportunities like this do not exist and if they did, people wouldn’t be talking about it, they would be out there investing in them instead of trying to sell $500 information packets on HDTV.

Where Do You Begin to Learn Real Estate?
When it comes to learning the business of real estate, you have many options — local and online classes are held frequently. Real estate mentors take on students and teach them from the ground up. The amount of education you require depends on what you need to pass the real estate licensing exam. If you have no knowledge, of course, you will need more instruction than someone who has worked in the field, or has more knowledge of how the real estate business works. If you are an outgoing person who likes to talk and participate in discussions, local classes or online classes with Mastermind groups might be better for you. If you haven’t come out of your social shell yet, online classes may be the way to go for you.

Regardless of how you choose to learn real estate, don’t waste your money on get rich quick schemes — they simply don’t work no matter how inviting they may appear. You can be successful in the real estate market, but it takes time and work to achieve your goals. There is no magic CD or training course — there are no insider secrets or undiscovered resources. It’s all about knowing what to buy and when to buy it and you can’t get that from an hour long infomercial.

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Dominick Corey / Cherry Pick ReoÂ’s
www.cherrypickreos.com
A Supply Side Wholesaler of Reo Assets