Finding Investment Advice After Real Estate Gurus Get Shut Down
This week the New York Attorney General sued Donald Trump for allegedly “swindling” thousands of students out of tens of millions of dollars. The lawsuit surrounds Trumps real estate investing initiative, formerly known as Trump University, a failure to deliver on promises and operating as an unlicensed educational institution.
While Trump is no stranger to legal proceedings and certainly wouldn’t be put out much even if he did lose and had to shell out $40 million or more in refunds, the same doesn’t apply for the real of the real estate gurus that have popped up in the last few years. For them this could be time to make serious adjustments fast or risk being next in the firing line.
When these things start is it notoriously always followed by the domino effect. Even those that have strived to offer great education and products could still be victims of the witch hunt. So as the gurus vaporize how will investors find adequate advice in the vacuum?
Education and guidance is definitely needed for newer investors and constant learning is critical for staying ahead. Perhaps not at $35,000 a pop like some TV personalities are charging (though that’s actually a pretty modest figure for those starting out with capital), but going in blind will be far more damaging to personal finances and the national economy.
If gurus want to stay in business they will likely have to get licenses and share with the government, deliver on what they say, and deliver more real results.
In the meantime may be it is wise to look to independent coaches rather than info product systems. Find direct help from industry professionals to partner with and mentor under.
Fortunately for those interested in flipping properties wholesaling is pretty easy once you learn the ropes as long as you do your due diligence, stick to sound investment principals, and minimize risk by using other people’s money using transactional funding.
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