Comments on: Don’t Rely on Realtors

By: Steve

Steve — Fri, 28 May 2010 06:06:31 +0000

I just read what was said and agree with most points. Realtors have access to information that they are allowed to share but likely won’t be passed on unless asked for. when looking into a deal it is crucial to have as much information as possible. the training I learned from Pauls course has saved me stepping into a couple bad investments and was able to share the some of that info with the Realtor I used. with that info we have worked towards other deals that where a better investment than what we originally where looking for. todays economy is a great environment to seperate the educated investor from the speculator. anyone can make money in a strong economy but only those who have a system that is strong can survive in a weak economy.

By: Brian Gibbons REISkills2.com

Brian Gibbons REISkills2.com — Thu, 08 Oct 2009 19:30:58 +0000

Thanks for getting the REALTOR issue out for REIs.

You have to pay to market and network, and not depend on your broker for “approved” advertising.

You have to do “creative” things that work in this market, like Sub2, Land Contracts, Due on Sale issues, Lease Options, et. al.

The NAR does not want ANYONE doing “outside the box” thinking. Just list and sell.

Keep up the great EDUCATING, Paul.

I am a fan!

Brian Gibbons
26 yr veteran of REI

By: Wilda Koepke

Wilda Koepke — Wed, 16 Sep 2009 15:09:07 +0000

I’m so glad that you have your training classes available so that the average Joe has an opportunity to learn and get wise council on property investments. Keep up the good work. You give us hope.

By: no1leftbehind investor

no1leftbehind investor — Wed, 09 Sep 2009 23:05:52 +0000

By: Mr. Third Party

Mr. Third Party — Wed, 09 Sep 2009 04:53:57 +0000

I think Mr. Realator is a little defensive about you spilling the beans to the public about realators not being as helpful as they want us to think they are.

Your mention about how realators are not allowed to give us buying advice pretty much says it all.

By: JJ

JJ — Wed, 09 Sep 2009 04:35:33 +0000

No matter where you go in life there will always be those who will defend their jobs until they leave the job and find another passion and then defend the new job, it is what it is a job, it does not make you a person or who you, you use it to provide a living. In most cases it is EGO that causes one to jump and defend rather than logic. If one looks to another for advise 100% then they need coaching on how to create their own person.

A Realtor does not know the secrets of the market or can predict, you can determine this by knowing what is happening in the world. One should should learn to rely on their own investigations of what is told to them by a Realtor. If one does their own investigation they will know more or the same as anyone else who invests in Real Estate or is in the Real Estate Profession. Remember no one knows it all, we learn from one another, keep moving forward and remember rely on yourself and advise is just that advise, you do not need to accept it, or you can build upon it.

By: Mr.Real Estate Investigator

Mr.Real Estate Investigator — Wed, 09 Sep 2009 02:52:58 +0000

I believe that there are some realtors who really want to help their clients but it is up to the investor to make the decision to buy or not. To be a real estate investor you need to be a real estate investigator! You need to know the numbers, understand the fundamentals and take action. Many realtors know how to sell real estate and not how to make money in real estate as an investor! I know many realtors that do not know real estate as an investment vehicle, much like bankers who really don’t know how money, leverage and investing works but make decisions on lending
? So to finish, I agree, you must make the final decision on your own.
Mr.Real Estate Investigator!

By: Rich Mom

Rich Mom — Tue, 08 Sep 2009 23:50:39 +0000

Paul; This was just too funny not to respond to. When you have a sincere desire to help others acheive success, you put yourself in a position to be critizied by those that have a different motive when dealing with their clients. I have had the awesome priveledge of leading many others to great success though financial education. I truely believe that those of us that focus on the success of others get our reward in watching the transformtaion take place in there lives and knowing that you were able to be a part of it. There are others who prefer to focus on their commission and do not really care what happens in the long run to their clients. That is life and we deal with people like that everyday. I believe that the real shame is knowing that you are doing a dis-service to your clients and not caring. The responsibility lies with the investor and I agree that it is rediculous to get your investment advice from a realtor. Realtors sell houses and some are very good at it. Millionaires create Millionaires and that is just a fact of life.

I went from almost bankrupt to multi millionaire in just 6 months from getting educated and some of my realtors still think they know more about investments then I do.

Do you think that Donald Trump tell his realtor to bring him a good deal?

Keep doing what you are doing Paul and touch as many lives as you can along the way.

Savannah Ross
http://WWW.RICHMOM.COM

By: Paul M. Hecht

Paul M. Hecht — Mon, 07 Sep 2009 15:41:47 +0000

Hi MR REALTOR,

Thanks for your comments.

I too have my real estate license and when acting as an agent for others, we cannot tell people what to buy as it puts a REALTOR in a liable position. We can only provide facts, assist with the numbers and write the contract and help close the transaction. Ultimately, the buyer has to make the buying decision, not the agent.

However, many buyers (and agents) expect that the agent should provide their opinion and tell the buyer what to buy and what they think is a good deal.
This ultimately puts the responsibility on the agent if the market drops, the deal goes sideways, or the buyer loses money.

Therefore today’s blog was not intended to slag REALTORS. In fact, it was meant to help them by pointing the buyer’s need for education and not the reliance on REALTORS for their investment decisions. My apologies if that message did not come out that way.

The reason I “shamelessly push products like I do,” is because of the content within my products. My “products” help everyday people (amateurs as you call them) with the knowledge they need to become educated investors so that they can make their own investment decisions.

As such, I have no problem promoting high quality content that actually works as I’ve seen too many that don’t. People will ultimately make their own decision as to whether they want to invest in our training or not. If the material was not excellent, we would not receive as many as testimonials as we do on a regular basis, including many real estate agents, mortgage brokers and others in the industry.

It sounds like you are passionate about helping others and I applaud you for that. However, not all agents are qualified to give advice on investment real estate. And, too many people continue to rely on them for that advice.
Which again bring me to my point – buyers need to be accountable and take responsibility for their own investment decisions and not rely on a REALTOR to make those decisions.

Thanks for your comments “MR REALTOR.”

All the best with your own investing,

Paul M. Hecht

By: Mr. Realtor

Mr. Realtor — Thu, 03 Sep 2009 20:50:18 +0000

Most realtors, unlike yourself who is also a realtor, aren’t pushing training systems to unsuspecting amateur investors, day-in and day-out.

There are some realtors out there who simply want to assist investor buyers without shamelessly pushing products – like you do.

You should be ashamed of yourself for putting down your own kind.