Key to Riches Or Waste of Money?
Commercial real estate courses are quickly becoming a very lucrative industry. Reality TV and midnight infomercials have bombarded with the notion of flipping residential property and becoming millionaires overnight. Yet, in an ever-challenging real estate market with tighter lending standards and at best stagnant property values that game is a little out of date. More and more investors are looking at leaving the amateur ranks of residential investors and playing on the big kid’s playground of commercial property investing. In order to feed this exploding need gurus and self proclaimed experts of all sorts are coming out of the woodwork with their “proven” systems.
So how do you know that the commercial investing courses you buy are going to actually help you make the money you are looking for?
First, you have to look at commercial property investment as a business. Any business worth getting into is not going to hard sold to you by a salesman in a hotel conference room. You would never buy an existing business or start a new one based on the threat of a ticking clock. You would do your due diligence, run the numbers and check out the market place for sinking money into anything. So do the same when it comes to one of those expensive commercial real estate courses.
If you’re new to commercial investing, elect to get your feet wet by reading some of the top quality books we recommend on this site, or for that matter blog posts. Try to find a reliable source of information published by people who are actually doing the investing, not just talking about it.
If you’re already accustomed to the commercial investing market and are looking to get to that next level, then take a look at some of the courses out there and see what they offer. Does the guru offer ongoing support and help when you run into rough waters? If not your expensive real estate course just turned into the most costly paperweight you owe.
A great alternative to buying any of the creative real estate courses out there is to look into getting a commercial real estate mentor. By joining the right investment clubs, networking or even becoming a silent partner with a proven commercial real estate investor you will learn from a seasoned pro while having a friendly hand to guide you.