Friday, October 9, 2009

Education of a Real Estate Investor, Days 15 - 16

If you are with me so far, you may have noticed that the previous blog posts appeared all at once. I decided to migrate these posts from my self-hosted blog at Escape The Village as I felt the topic Education of a Real Estate Investor really merited separate consideration. Rather than spend money and time registering another domain name and setting up another blog, I decided to set up here on Blogger.

The Trump University commercial real estate webinar was interesting. Of course, there was a $1,000 course you just had to buy and which was discounted 50%, to a mere $500, for webinar attendees but only for 24 hours after the event: "If you're not able to get in now, you probably never will be able to." I guess I won't ever be able to, since I didn't happen to have five C-notes in my jeans, bank, or anywhere else. I'm doing some fact-checking now though, just in case.

I went to Meetup yesterday and found Bay Area Real Estate Investing Community. I signed up for their meeting in Milpitas next Thursday evening.

I spoke briefly with an agent from Silicon Valley REO today. We set an appointment for Monday in his office to discuss my goals further and formulate a strategy.

I contacted Platinum Funding about FHA loans on commercial properties. The agent was closing a deal at the time, so I left my number and am awaiting a call back.

At the free EWI seminar, the instructor emphasized sounding like a seasoned investor. I don't even try, for three very good reasons:
  1. The first time I say something stupid, the cat's out of the bag;
  2. I need help, and having the commission check tied directly to the quality of the mentoring creates a win-win situation;
  3. The surest way to make an expensive mistake is to have your broker thinking you know more than you do.

No comments:

Post a Comment