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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: redfish who wrote (31263)5/15/2005 5:25:06 AM
From: redfishRead Replies (1) of 306849
 
Seminars, Gurus, Entrepreneurs & Broken Dreams

There are many seminars on RE that have differnt takes on how to get rich. This CNN Money story reveals that success may prove elusive. "The Enlightened Millionaire Institute charges well into five figures for premium packages that can include the opportunity to do deals with the gurus themselves."

"But what this inspiration industry downplays is that most students don't have the talent or timing or temperament to strike it rich. With real estate seminars turning out thousands of would-be moguls every month, all pursuing the same no-money-down schemes on the same fringes of a market bound to slow sooner or later, the odds of making a quick fortune in real estate are becoming vanishingly small."

"Most gurus make light of setbacks as mere bumps on an inevitable road to success. Mark Victor Hansen announces with a smile that both he and co-leader Robert Allen had been bankrupt. Then he turns to Allen and asks, 'How did you sleep when you were bankrupt? 'Like a baby. I woke up every two hours and cried.'"

"Larisa Belliveau, an MBA, turned to real estate to make a living. All told, she studied under five gurus and three coaches, spending $75,000 on classes, materials and marketing, nearly all of it in credit-card debt that she hasn't paid off. 'It's not for the faint of heart. I think I was too soft.'"

thehousingbubble.blogspot.com
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