Quote: (10-24-2013 10:15 AM)WestIndianArchie Wrote:
I like how you change the goal posts.
There's a guy in the real estate space. His name is Alan Cowgill.
I'm a real estate lawyer by trade, and I found myself at a RE investor club meeting trying to hustle up some clients.
Cowgill was speaking to the club that night. He was promising the crowd, cheap money to invest with.
If you are into real estate, one of the biggest issues you have is getting cheap (and dumb or silent) financing.
He has a system that teaches you how to pool money from people who want to invest in real estate. They're called private placements, and it's not a secret concept to professionals.
People who've never done anything financial in their lives only think of 3 money sources.
1) their own pockets
2) friends and family
3) the bank
Alan travels around the country teaching newb real estate investors how to do a private placement. (aside from the legal aspects, you have to do a fair bit of marketing to bring in people, and then a bang up job on conversion)
His scheme is to run classifed ads, or send direct mail to seniors and average workers with CD's, 401k's, and IRA's. Convince them to move money into a trust account, and then he finds properties to invest in.
Keep in mind the real estate game is in the 100's of billions of dollars, if not trillions. If you've got a proven system to gather up money, and invest in real estate at a profit - you can making millions if not billions.
Indeed, if your system works, you're not showing up to Real Estate Investor Club meetings in some shitty off brand hotel conference room.
When you're in the real version of the business, you actually see the guys who gather money from pension funds, mutual funds, hedge funds, insurance companies. For Ex., the professionals investing in Tax liens have Wall Street money and a team of analysts with the best information to find the best deals.
So having seen this REIT guys before, knowing that they don't really mix with the riff raff like this, it made me wonder.
I know that you can make a lot of money doing this.
Why isn't he using his own knowledge to make 10X whatever he might make on selling DVD's and personal coaching?
1 good real estate deal at the multi-family level can net you millions. At the single family level, you can make 100's of thousands.
So why would someone who wants money and says he can make 10x spend the bulk of his time running seminars?
It doesn't make sense logically.
Now i'm not saying that's the case with Ryan or anyone mentioned.
But you have to intuitively understand the argument against gurus who got rich by telling other people how to get rich.
This isn't Donald Trump writing the "Art of the Deal". Where a few million in book sales is chump change compared to his real estate developments.
It's like Robert Kiyosaki getting rich off of Rich Dad, Poor Dad, when he hadn't followed and profited from Dad's advice.
WIA
WIA, the only reason I am responding is because I like a lot of your posts. I have no interest in debating what I tested with what people think they know.
How do you know they didn't get rich doing what they are teaching?
I am sure a lot of guys are making more money teaching than doing but that doesn't necessarily mean their info is bad just because of it.
Donald Trump sells his name for anything. Didn't he have Trump water at one time? hah Hell, the guy is in a lawsuit over business expos or "conferences" that was done with his name on it. Why do that if he is already making a lot of money in real estate?
Kiosaki was able to present information in a way that many people could relate too. Even if it wasn't new it inspired a lot. I know I can read the same stuff many times before it sets in. Sometimes, it is just presented to me in a way it just clicks. Hate on the guy all you want, he did something most people can't.
As for Alan Cowgill, I imagine people were interested in buying his system instead of trying to piece together everything themselves. You are talking ads, post cards, what to ask them, how to structure the deals, paperwork, etc... I don't really know anything about him but most of those courses have all of that stuff and that is why people purchase them. They can test their own ads, test their own postcards, find out through trial and error to see what works or get a course to jump start them.
Probably the same reason people would rather purchase a McDonalds franchise rather then create their own restaurant (besides name recognition).
I see the same type of logic to denounce Roosh. If he isn't banging 9's and 10's every night he must be fake.
Here is what I know. I tested several stuff taught by Belcher and Diess and it helped my business. Do you really think I care if they learned this from selling info products, or selling free weight loss trials that were scams like many affiliate marketers?
I can't say I really care if it helps my bottom line.
You guys can continue to argue about this other nonsense while I would rather test the information out and see if it works. If it doesn't, then no problem, I am out some money. If it does, I make more money. In the end, I make more money than I lose on this type of education.
As for the rehash argument, I see we have a lot of Einsteins and Da Vincis on here. Most people have never had an original idea which is why when it happens it is something pretty spectacular. Sure, there was info that I already knew in the videos I saw of a workshop done earlier. There was also a lot of new twists to old concepts that got me brainstorming even more.
We all can't be special snowflakes with completely original ideas.