By Helene Lorraine Erickson

Inside a jam-packed conference room of 1,200 people, a resource speaker in his early 30’s proceeded to the podium with a challenge: who among the 1,200 people present that night becomes a millionaire before the year is over? It was a challenge echoed by other seminar speakers across America offering a glitz-free ride to million-dollar bucks - through real estate selling!

“No Money Down” Real Estate Investments have lured thousands of get-rich-quick hopefuls to attend seminars  and discover the secrets.  Clyde and Bryan took out a $40,000 loan to finance a piece of property they found lying idle for years –only to be robbed of exactly the same amount, tons of time and effort when zoning laws railroaded their ticket to becoming America’s newest breed of millionaires.  Clyde and Bryan attended a 3-day seminar of a self-proclaimed real estate guru who professed mastery over the art of real estate investment.  Convinced beyond the grasp of reason that there is money in real estate for everyone who knows the law or possess the “secrets” of those who made it before them, the misfortune was considered a hump that had to be passed over before the ride gets smooth again. 

Losing $40,000  seems enough reason for some to quit, and throw the towel in , but not for Clyde and Bryan.  They simply believed that it can be done, that the techniques and strategies effective.  It is just a matter of time.   And another loan. 

More people nearing retirement, have acceded to the call of attending seminars on creating fortunes with real estate.  Promises of raking in $10,000 on the first month becomes too hard to ignore for penny-pinching employees as well.      

The sales pitch remains the same.   One seminar expert claims to deliver not the “B.S” type of real estate seminars, but a refreshing, step-by-step guide to real estate investing that works; while another proclaims that his is not a hype but a proven and tested method to absolute wealth, with a money-back guarantee, should you wake up, thirty days later, as dead-broke as you were before the seminar. 

But nobody notices the tailored speeches nor paid attention to disclaimers posted on the websites of these rich-quick gurus.  All eyes were fixed on the “hat that held the rabbit”.  As if by magician’s trick, all rich-quick hopefuls are willing to shell-out $2,500 as course fee for seminars such as these. 

Now, who makes money on whom? 

No money. No experience, no credit…these are not even reasons that could stop one from hitching his wagon to the millionaires’ limousine.  A 100% guarantee is promised, should the rules be followed, even at the shortest time possible.  Seminar experts would claim that even their own lack of education didn’t prevent them from becoming what they preached. 

And now is their chosen time to give back to society what they have been so lavishly given – the quick-ride to immense wealth, a 16-digit calculator cannot even handle. 

But why are more and more people losing shirts off their backs, nowadays?  

More shocking, those were the people who attended the seminars just mentioned! 

The key is simple.  Most of these money-quick seminars teach strategies that may have worked for some, but not for everyone.  As disclaimers would state:  “Success of the individual still remains the product of his own knowledge and efforts.”

Real Estate Press