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May 4, 2009, 05:51 PM
I have been away from the board getting my real estate investing in full swing and just had to vent a little. It amazes me the ton of crap that is coming on the internet from people who don't know anything about real estate.

Everybody trying to sell courses on how to make it big. I'll pick one topic. Short sales. That is getting the bank to accept less than the mortgage amount for full satisfaction of the loan. I see all kinds of people selling how easy it is to do short sales. To the contrary it takes a lot of effort to get one of these things done. Especially talking to the right people.

The point is if you really want to learn about making money in real estate be careful. There are no shortcuts. You've got to do your homework. In today's market you must know value.

Instead of spending hundreds or thousands of dollars on questionable courses go to the library or bookstore. And get out in the field and mix it up. Look at property -talk to people. Spend time. And don't expect to spend 3-5 hours per week as some of the gurus suggest and become a millionaire.

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