- Joined
- Sep 14, 2007
- Messages
- 617
There is undoubtedly a lot of enthusiasm out there right now regarding Legrand style deals. I think that it was great of the REIN team to bring him in and show REIN members how to be creative with Real Estate. I am using a few of the skills taught and have seen the light of a few deals that I didn`t know how to do before.
Here is my concern.....the skills taught by Ron are advanced skills. Not used correctly you could find yourself holding the exact problem that you thought you were solving very very quickly.
I saw the dollar signs flashing in peoples eyes (this is always a warning sign for me) and you have to admire Ron`s skill when it comes to sales but when doing these sorts of deals you HAD BETTER KNOW EXACTLY WHAT YOU ARE DOING. If you haven`t done a single deal yet and think that you can pull off a much more complicated deal I would step back and ask some very very hard questions. This could be a very short life for you in the RE Investment world. There are some big sharks swimming in this pool and if you are a small fish......
So I don`t mean to throw water on the fire out there but I do want to ask REIN members to think long and hard about the "deals" they are finding. Yes, people do strange things and every once in a while people will just give you $200k but usually there is a lot more behind the scenes and you should have your eyes wide open and make sure you are not blinded by the $$$!
Remember to assess the worst case scenario and make sure you can swallow it before you proceed.
Good luck out there and happy investing,
Wade
Here is my concern.....the skills taught by Ron are advanced skills. Not used correctly you could find yourself holding the exact problem that you thought you were solving very very quickly.
I saw the dollar signs flashing in peoples eyes (this is always a warning sign for me) and you have to admire Ron`s skill when it comes to sales but when doing these sorts of deals you HAD BETTER KNOW EXACTLY WHAT YOU ARE DOING. If you haven`t done a single deal yet and think that you can pull off a much more complicated deal I would step back and ask some very very hard questions. This could be a very short life for you in the RE Investment world. There are some big sharks swimming in this pool and if you are a small fish......
So I don`t mean to throw water on the fire out there but I do want to ask REIN members to think long and hard about the "deals" they are finding. Yes, people do strange things and every once in a while people will just give you $200k but usually there is a lot more behind the scenes and you should have your eyes wide open and make sure you are not blinded by the $$$!
Remember to assess the worst case scenario and make sure you can swallow it before you proceed.
Good luck out there and happy investing,
Wade