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Re: Well, that's the purpose of "group think"...

Posted by Rick, the Probate Guy on June 02, 2009 at 7:16 AM

In Reply to: Well, that's the purpose of posted by CC in OC on June 01, 2009 at 5:01 PM

I agree with you, CC. The exactly point is that people have opinions, some by way of direct experience, some by rumor or third party talk, some by other biases, etc. However, that's no assurance that you'll be lead to quality, credible speakers, trainers, etc.

Rather than have a rate-a-guru section, forums like this do their job well in disseminating what experiences other people have had, good or otherwise, as well as what other people "have heard." Personally, Id' rather draw my own conclusions after performing my own research and "due diligence."

I'm about as good a 'bad example' as I can think of. I started real estate in 1978 and began by taking training from three different sources that year. Over the next few years I went to quite a few one-day seminars but by 1983 or so, I found myself fed up with the so-called trainers that I came into contact with only a few exceptions.

John Beck, who is now best known for his Free and Clear Tax material, was by far the best source of information that I ever found, on the technical side of working deals. There are plenty of Beck's articles contained in Ward's training books, too. But this is John Beck from two decades ago. Since then, his current material, I've heard, is pretty general, if not lame, and certainly not up to the standards of prior years.

I largely stayed away from real estate trainers and wanna-be gurus because of the disappointing experiences that I had in the early to mid 1980's and it wasn't until I stumbled on to Ward's site, then his training, then the speaking gig some years back, that lead me to other, contemporary speakers of significant knowledge and experience. Specifically, people like Jack Miller (still can't understand him very well), John Schaub, Peter Fortunato, "Fixer" Jay DeCima, Mike Cantu (who I now count as one of my closest friends, and obviously Ward.

I lost a decade-and-a-half avoiding seminars because of the hucksters and BS artists that other well-meaning people said that I should go to.

So, who do you trust? That's pretty subjective. I think that I had to mature in other ways, to be drawn to the right people and circumstances, for which in turn I found myself surrounded by other, more experienced (or at least active and seasoned) investors. Also, I have in fact listened to some pretty crappy speakers who have past along the occassional gem of an idea (you elude to this yourself).

The best way that I can sum this up is that old (Confusius?) saying: "when the student is ready, the master appears."


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