REAL ESTATE INVESTING:The "Secret" of Making Millions

I promised in my last posting that I would discuss the gurus' "secret " to making millions in Real Estate Investing.

In that post I noted and accepted that most millionaires have made their wealth in Real Estate. This is still a fact, except, that there is now a new cadre of millionaires who are amassing great wealth selling to captive audiences, "secrets" to becoming wealthy in real estate investing.

Ordinary people wanting to climb out of the daily drudge of 9 to 5 jobs, and excited about the possibility that in a few short months they would be accumulating millions, are pumped up in day-long seminars by agitated speakers relating stories of rag to riches accomplishments, and the "secrets" they uncovered on their way to riches and wealth. Challenging their audience to buy this newly discovered "secret ", to follow the same path to wealth and financial independence, these gurus apply well worn and well know cliches of the day.

These audiences are challenged to be like the speaker or continue to be loosers. As this captive audience of hopefuls are being harangued and psyched by the speaker, their able assistants are in the back of the room setting up credit card equipment, and the packages supposedly containing the "secrets" to wealth. You are supposed to feel guilty or a lesser person if you were to walk through the door without stopping to slide your plastic.

Those who purchase the material find that the "secret", is not enough to realize their dreams of becoming wealthy. Not to worry - the seminar organizer has seen that far ahead, and the hopeful millionaires are now invited and encouraged to participate in a weekend or weeklong Bootcamp to learn strategies with the experts, one that is held somewhere out of State, and which now costs a few more thousand dollars - following the Bootcamp there is yet another level you must go, to secure more "secrets". Hopeful millionaires are encouraged to sign up for one-on-one tutoring with the Master him(her)self for as long as a year - this now should get you to where you need to be, as your quest for wealth and financial independence has now morphed into an odyssey for "secrets".
My next posting will discuss how to spot the difference between the teacher and the millionaire "guru".