Is this a legitimate group to get sound real estate investing mentoring from? Does anyone have any personal experience with this group?
Answers
In my opinion, you don't need L.U. to learn the real estate business. To learn real estate (or any other venture), you start at the bottom not at the top. For example, if you wanted to open a Papa Johns, start by working for six months as a Papa Johns pizza pie cook. After the six months, make your decision whether or not you wanted to invest in a franchise.
To learn real estate, apply at a Coldwell Banker, Century 21, Re-max, or other well known franchise to be an assistant. Work as an assistant for a few months, then pursue your license. Not only will you save your hard earned cash by avoiding the L.U. payments, but you will learn more valuable lessons this way.
To be honest, as in your other post, your direction seems a bit aimless. Your goal seems to be get rich quick. Real wealth takes effort, dedication, skill, and experience. A company with a name like L.U. puts the carrot out in front rather than the skill.
By the way, for prior military , Papa Johns has a special financing program and this year, PJs is waiving the $25,000 fee for new domestic franchisees, providing them with a free set of ovens for every unit, and reducing the royalty fees for their first four years of operation.
Alternately, you could go to school and learn a trade.
Dave,
I have a different perspective on real estate investing.
I would recommend taking a certificate in commercial real estate at a local college. Here in Boston,
Boston University has a great certificate program. I'm sure UT does as well. The serious money in real estate investing is made by investing in real estate trusts known as REITS or in developing real estate..
If you google REITS you will get great resources to learn about them. The advantage in investing in these vehicles is that they are traded in the market so you can get in or out just like a traded stock.
Buying and renting out residential real estate is a wealth building strategy but it ties up your capital and takes time to liquidate. Plus you have the headache of being the landlord.
There are many ways to invest but I would recommend school first to learn the essentials of real estate finance and investing.
In the end, it comes down to locstion, location and location.
Hope this helps.
Don
They are good people, i personally know a few. their leaders here in Dallas. The focus is to buy real Estate, where as a Realtor model is to list property for those who want to sell. The model is solid.
Their people in fact buy from our Franchisees who have a constant flow of properties that need repair.
email me for discussion Larry.louwagie@homevestors.com ( We Buy Ugly Houses) we now have 731 Franchisees across the USA
im busy but will take time for a fellow Vet.
I would see if they're listed in BBB, also, depends on what type of RE investing they do and what they offer at what price. Much of what you can learn is done by joining an existing investor or going to the library and reading (it's free!)
I'm also available if you're interested in learning about multi-family RE investing, which is a good but more difficult venture.
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