The Insider's Edge vs Professional Marketing International

The academy offers a lot more classes. We have over 40 classes in our PMI training home page. Plus the coaches from PMI are the best they have helped us a lot.

I do not know for shure what the insider's edge offers altogether but we can say we are happy with the PMI academy. Any program is only as good as the action we are willing to take.

Steve and Veronica

The academy provides all the info you need to learn this business and the coaches are there to help when you take action!! I don't see how any program could be BETTER. They are both going to have the same info. The basics are the basics in this business, it isn't rocket science. The academy is great because you have a 12 month period to absorb all the info and learn the basics, then take action and get your 5 deals and a 100% refund! I did and I got every penny refunded.

Congratulations on joining the academy and don't worry about other programs. You are a member now, so take advantage of all that is now available to you!

Good luck and study, study, study, then TAKE ACTION!1

Michael Mangham
MD Home Acquisitions LLC

Well said and to the point.

Steve

please elaborate on what refund you're referring to about the success academy, thanks

If you join the success academy and you complete 5 deals in a one year time frame from the day you joined the academy, you will get your money back for the cost of the academy.

Steve

I like the structured mentorship of speaking to my coach once a week. She always ends the call with the current goal.

I like seeing my completion percentage every time I log in.

But the bar none best thing about SA is the fact that the workbook activities are the actions I need to take to establish and succeed in my REI business. They are an absolute business plan if you think about it.

Gratitude, Dean and PMI.

peace,

"Better," is really a matter of opinion, and I can only offer one on the software Insider's Edge promotes, as I have not used the coaching with either of the programs you mention.

The software (online at TaxLienCentral.com) that is promoted at the Insider's Edge seminar is top notch. I have no doubt, so I doubt that the advice given wouldn't be, too. The guys seem to really want to help people.

On a side but related note, I would say that if someone is going to invest in real estate, they need to basically steal the property. They need to get it at 40-50% off of current fair market value (FMV) based on comparable values (Comps) of houses sold in the last 6 months. It doesn't matter whether you are flipping or holding the property! Thus, one makes their money (on paper at least) on the front end, not at resell. One cannot do this with some of the techniques that Dean and other gurus teach.

Personally, I don't believe someone should invest unless they can do it with cash, including the cost of repairs, and they should not do it unless they have the rest of their personal finances in order, like having some personal savings in the bank, not having a lot of personal debt, being ready for retirement or planning for it, etc.

Having said that, I have not met one serious investor here in this forum, other than the folks at the Insider's Edge seminar. Most people here just don't have the money to be investing in real estate. They also don't know that most real estate investors go broke within 7 years.

"Rick in Amarillo," Real Estate Agent

If they have access to OPM (other peoples money), or if they are wholesaling a property just to get their fee. There are multiple ways to invest in real estate, and it doesn't have to use your own $, except for initial things like marketing or something like that. You don't have to get a house at 40 to 50%, but it's recommended. I've met at least 1 great investor who makes money in everything from homes to commercial properties (car washes, apartment complexes, Self Storage Facilities, etc. I have not done any deals with him, but he is a great professional who knows what he's doing, and he's been around in the business more than 7 years. Other than that, you are right on the money about other stuff.

That's real encouraging...

Are you sure about needing cash, little personal debt, being ready or planning retirement, before they get started in Real Estate? You don't need to have cash to do a deal there are different ways to negotiate creative financing to close a deal. If you have a lot of personal debt in terms of Debt to Income Ratio that exceeds 40% of a typical bank requirement yeas it can be difficult to obtain conventional financing, but not impossible to do a deal that will make you some cash to pay of your personal debt. Ready or planning for retirement is a personal preference, ready would depend on the age and aggressiveness of ones business plan and planning could include Real Estate.

You are spot on about having personal finances in order, this would always lead someone to be broke within any short amount of time.

40-50% of FMV? What type of area are you investing in and what is your desired profit when done? If your looking at a deal that is $120 FMV to make $20K profit, $15K repairs, $8,400 Realtor Commission (7% here in Iowa), 4% usual closing costs $4,800, and holding costs such as utilities/permits/mortgage payments for 3 months $2,000 we would need to buy this deal at maximum of $69,800 or 58% of FMV.

It is True that some properties will require more or less repair and to make the same profit can greatly adjust the discount needed.

When running numbers on a Rental it as to be done based on the Desired Cahflow and the banks loan requirements. Different Investors use different methods to determine appropriate Cashflow for themselves.

Some people here do not have the cash to do a deal based on your requirements, but they do not need cash to do a deal. You need to be more open minded about Investing in Real Estate.

No Cash needed to do the following:
Lease Options
Contract for Deed
Assignment of Contract
Bird dogging
Being Financed 100% for an REO
Become a Rental Property Manager for ?-??% of collected Rent

Do not be put off by the Cost of the Success Academy. 5 deals gets you a refund, which would be FREE training + PROFIT!

If you had to buy a hammer for $5,000 but knew you would make $100K to fix something would you buy the hammer? Use the same thought process for Investing. Your time in the academy will be short when compared to the many years of success in REI.

I've bought training from Robert Kiyosaki, Ron Mead, Dean Graziosi, Gary Keller, and a few others. They have all been great training and Deans has been top notch to me. When I went to the EDGE event it was trainer after trainer with great content from each one and no selling of advanced training from any of the presenters! That alone to me is what makes Deans training top notch.

Stick with it, be positive, stay open minded, keep reading, and most important MAKE OFFERS!!!!

I have been through multiple programs myself. I have received value from each of them, and feel that I have gained at least one or two helpful hints from each one. If one idea helps me get a deal done, and that deal makes me $20k, that was a great idea.

I just look for whatever I can learn from any program I have access to, and make the most of it. The ideas can make you ten-fold what you have invested in it, if you apply the principles.

I'm glad you are only stating your opinion. I began investing when I was 26. I have always used OPM, but I always put 20% into all my properties by saving first. (Guess I wasn't ready to retire yet at 26...) I managed to build a net worth well above what the stock market or other investing would have garnered me. I still use OPM to do my RE deals... I've lasted much longer than 7 years, and I respectfully disagree with you 100%. NOW, that I'm in my middle years.. ahhemm, yes, 21... ahhheemm... I am working on trying to pay down the debts so I can really retire and live off of the rental incomes.

There is no better time than now, and using OPM is how all businesses get started. The saying that one needs money to make money is NOT true especially in RE investing. I think you may have been brainwashed by too many naysayers.