coaching program or getting started?

Hi Quyen,
That is a very hard question because each of us is different! Where are u and what can u spare and live ok for a month?

If that's all you have i wouldn't do it...especially if it's your parents money. There are ways to get started without using up all your money, I would try that first before considering spending it all. I'm new too and thought about the coaching program but right now financially it's out of my means...If you click around this site you will find a lot of people with helpful information to get you started...try these forum topics, i'm sure you'll find some helpful info there...good luck.

getting started:
http://www.deangraziosi.com/node/1509

assignments:
http://www.deangraziosi.com/node/2022

Welcome
And I add my congratulations on even opening your mind and heart to RE investing. A few of the other programs I checked out, didn't measure up and cost to much $.
My wife and I started in the mentoring program FEb. 08. I was fortunate in that I devoted full-time, plus. .. to learning the material, taking the training,etc.taking action and we did 5 deals in 7 months, and kept right on going.
However, in the excitement and frenzy of success, and lots of others had even more immediate success with making cash right away....it is important to be realistic as well and pace yourself and focus expecially if 5k is all you have to your name. Over again, I've come to know newbies who got lost in the slew of all the possibilities and went into info overload!!!!!It's easy to do, happened to me several times; which deals? which strategies? where do I go? you get the picture Quyen.
ONCE AGAIN, the quick fix/ immediate rescue in a desperate, no job,no money, no history, by no means works for everyone; but it does happen for some; lots of variables.
I invite you to read our success story if you would like. We were finalists in Deans recent contest, and made it into his new book. It is quite a feather in our cap, but our true end goal. . is to volunteer abroad and have the residual income to support ourselves; it's all about giving back. Try to be patient with yourself;
tip-my first deal was a Contract for Deed or Land Contract: you might focus there it bascially, is you take ownership of the property, which means you can rent,live,lease, or sell it, but the owner remains liable for the mortgage.We structure our contracts for 2=3 year balloon pay off, which givs us time.
Anywho, this is a bit long-winded but we and everyone else wishes you success. Feel free to send me PM with more questions; I will help you anyway I can.
Best to you in our International student experience.
Grady and Kathleen Corbin'
Eureka Springs, ARkansas

Quyen, i sent you a PM. With little money you have, you do what's best for you. If you think investing $$ into coaching and the mentoring program will help you jump start your real estate investing, then by all means do so. However, if that's all the money you have, you may want to invest that $$ into yor first property, but you do what's best for you. Good luck!

Lloyd

Quyen
I wouldn't spend the $7500 for a training program, when you can learn/ get training from DG Enterprizes for way less.
Just an opinion; no one is going to offer you better, or more detailed, step, by step, all the pieces of the puzzle. . .instruction.'
best to you.
CT

Thanks a lot (again) for all your support, especially Lloydsap who has given me some good points how my money should be spent. Grady, thanks for your thought. One thing though, I talked to a consultant from the other company and he said that even when $7500 is way too expensive but there are investors (buyers) available when you need to sell the properties or show the banks financial proof. Is it worth it? Because you know, DG Coaching program is less expensive, yet I don't think it offers this service which is introducing buyers and investors to us. The down side is that this might teach different things or things DG already said in his book (so the lecture may be worthless). Any idea?
Optimus, thanks for your links. They were all helpful. One thing is that, people with no money are suggested to begin as bird-dogger, which is basically what the other company is about. So.... should I join? I'm afraid...
Lloyd, I looked at your website and it was awesome!! I wish I could do the same. Back to your advice, however, I am scared to death that if I ask somebody to sell me the house or whatever with just $5000 in my pocket. I am afraid they would think I'm to silly. Also, I do need to set up a team right? Including broker(s), agent(s) and lawyer(s)? Could you please tell me how much I will need to pay them and where could I find them? From REI club? Thank you very very much!!!

Quyen Take you money and go to a tax sale and buy 3or 4 properties and I'll guide you into your deals Think about it!!!

Well, bird dogging is just one of the no money down ways you can start, but it isn't the only way. By the looks of it, it seems like your skepticism comes from "information overload"...the same thing crossed my mind once i finished Dean's latest book. Now i'm dealing with discouragement cause my emails to agents didn't get any responses...but anyhow, i suggest reading or re-reading dean's chapters on finding motivated sellers in his latest book. He shows you what to say to them, but i'll give you a brief overview... 1st you don't tell them "will you sell me your house if i give you 5k?"...yes, they will laugh at you. you want to talk to them to find out how much would they be willing to sell the house for "if you could find a buyer for them within a certain amount of time" (30-60 days is fair)...if they are willing to let it go for a few thousand less, than that is a good start...cause now you will advertise the house to investors (buyers) for the lesser price, this is where you would negotiate your finders fee of 1500-3000k (depending on the situation, you can make it an even 1000 if your potential buyer feels it's too steep)...if that's the case you have 60 days to find a buyer who is willing to give you more...once everyone is in agreement you will have signed your first assignment without spending your 5k...I've left some details out that the book covers but that's the gist of it just to give you an idea.

That's what i'm looking to do to get started. I signed up with 2 investors clubs in my area so hopefully I can find some buyers there.

p.s.

I recommend reading chapters 10-11 in "Be a real estate millionaire." peace-out.

as for you team; your team will get paid when the deal closes, that's usually the way it works...except for the lawyers, i've never dealt with real estate lawyers.

Hi Quyen,
First I like to say congrats on your motivation to continue your education. Stay on track! As far as this program, this is an opportunity that will probally never take place again for a many, many,years to come. Just think how long it took to get here. I wouldn't be afraid of going after your dreams! What is there to fear but fear it self. As a mother of 2. One 21years old, the other 13. I would never be angry with my sons for trying to succeed. Your parents would be supportive. When you succeed, then this could easily become a family thing. So that your parents don't have to work so hard. This could be something that you all can share together, financial freedom. With Deans program it is a relatively small fee for the support. All other's I would say no to. Because it would become a conflict with something that has already been simply perfected. Nothing works when you spread yourself too thin. Stay focused. There are technics describe in chapter 8 of the book that don't require you to use your funds. Deans support acadamey would get you off to the right start quick. Plus the support of this site, which has enough info to answer just about any questions. I say focus on school, but keep living your dreams. Don't allow doubt to over shadow your hopes! This is the right place and the right time. You will always achieve your dominant thought!!! Great success to you.......
Sincereley,
Lubertha
P.S. Remember Dean was around your age, he took the chance. Now look where he is now!

Quyen

You are a college student from another county with no support system, limited to no resources/contacts, hardly any cash and limited means to make more right now. Stop thinking about expensive training programs and hold on to your money. Get the education you came over here to get and focus on things that will make that experience an enjoyable one.

This website will give you all the tools you need to learn plenty on all real estate subjects...and the price is right. There are a bunch of people on here regularily that are very open and helpful and will give you all the free advice you need.

Just my opinion.

Good luck...mail your parents a string of 4.0's. Real estate opportunities are not going anywhere and neither are foreclosures.

NB

Thank you. I've not finished the book yet but I'm trying to get through it as soon as I can. That's the goal for now. Thank you very much for all of your supportive comments. I'm very debating right now and feel a little unsafe. However, I believe there is always a way to get through this, as long as I don't give up that soon.