With a recently announced financial Armageddon in the rearview mirror, people are looking around the ruins to see if there are any opportunities to make money, and that’s where commercial real estate investing courses come in. These courses and others like them are gaining in popularity as people want to diversify their investments, find a new, more secure line of work, or replenish their now woeful 401Ks. Just like any other money-making opportunity, commercial real estate investing courses range from the incredible to the useless. So how can you separate trash from gold? Come grasshopper, let me show you.
Unfortunately, there are many unscrupulous people who have taken advantage of people’s greatest desire and need to find alternative sources of income. Many of these so-called gurus and experts are great marketers of themselves and their systems, but lack true market insight. Some have that knowledge but don’t want to open the curtain 100%. They’d rather put together some pictures, charts, and basic information and leave you banging your head against the wall thinking you’re a failure because you can’t follow their “easy road to riches.”
The first step in evaluating one of the commercial real estate investing courses you’re looking at is to look at the source of the information. Can you independently verify what they are saying? Do they have a good reputation among investors? What does Google have to say about them? Here’s a good litmus test; If you’re bombarded with photos of their mansions, hot cars, and even hotter women, then you’re better off just spraying a pile of cash in lighter fluid and setting it on fire. Are they giving you the hard sell? Do you have a limited time frame to decide? So again, just walk away mate.
Start by doing some basic research on commercial real estate or the specific topic of commercial real estate investing courses you are considering. Check the information and see for yourself if they are just talking in circles or if they know what is really going on. Join or sit in a real estate investment club and ask what they studied to get where they are now.