I see a lot of people getting into real estate investing for the wrong reasons. Their main motivation for attending real estate investment courses is to make money as fast as possible. There is nothing wrong with that as I used to be the same way.
I used to take atlas a 2-3 courses a year, every time I would see an advertisement for a get-rich-quick type of course and I would sign up. My goal was to find the easiest way to make money quickly by finding the perfect real estate investment courses. I wasted from $997 per course to $4997. I would usually walk away with a bunch of binders and CDs from a weekend course which would result in me more confused with information overload so I thought I had to take more courses.
Which Real Estate Investment Courses Should You Avoid?
The majority of the investment real estate course information material would be non-applicable. The material is fluff that only works in certain depressed American markets. Other material is extremely vague coming from an instructor who probably does not own any investment properties himself. I later on realized that these course instructors were expert salesman and not actual investors.
I discovered that even the best strategy or Real estate investment courses won’t help you if you are not going to take action. Even some of the best training courses in Canada or USA won’t result into anything significant. This is because you won’t know ALL there is to know about real estate investing is a single weekend. You will learn a lot more from actually owning just 1 property.
Quite frankly, investing in real estate is simple, but not necessarily easy. You will be faced with a bunch of challenges along the way. From renting your property to tenant issues to unexpected repair bills, you will learn more from buying a single property to taking 10 real estate investment courses. I think the main reason I kept taking more and more courses is because I was afraid to fail. However my new definition of failure is simple; you only fail if you quit. Everything else is learning by doing.
So until next time, happy Canadian Real Estate Investing.
Jose Jafferji, REIA