Can Your
Real Estate Investment Guru
Pass This Test?
Fortunately, there's an easy way to find out: Run 'em through the Real Estate Guru Test!
After all, cosmetologists and undertakers need to take tests to put makeup on people, or bury them. Shouldn't real estate gurus be able to pass a test before they can earn your trust?
I say "Yes they should!"
Here are the tough questions they should be able to answer, and also how I rate on them. (For more details on how I rate on any question, just click the underlined link in that box.)
Can Your Real Estate Mentor
Pass This Test?
| Test Item | Other "Guru" | Dave Lindahl |
|---|---|---|
| 1. Do they have solid credentials in the real estate business? (Or were they refugees from some other line of work?) | ? | Yes Details |
| 2. Have they done literally hundreds of deals? (Or only a few dozen?) | ? | Yes Details |
| 3. Have they done many, many different types of deals? (Or are they just a one-trick pony?) | ? | Yes Details |
| 4. Are they still doing deals? (Or are they onto full-time speaking and coaching now?) | ? | Yes Details |
| 5. Can you hope to speak with them personally on the phone? (Or are they always just too busy for you, and all you can get is a staffer?) | ? | Yes Details |
| 6. Are they willing to disclose details of specific properties? (Or do they hide behind that "confidential" label?) | ? | Yes Details |
| 7. Do their testimonials list real names that you can call if you really want to? (Or are they cloaked in anonymity, like "J.C., Utah"?) | ? | Yes Details |
| 8. Can they point to recent successful transactions? (Or is their record ancient history?) | ? | Yes Details |
| 9. Do they still make most of their money in real estate investments? (Teaching's fine, but they should still be making serious money in active investing.) | ? | Yes Details |
| 10. Do they also tell you the risks and pitfalls of investing? (Or do they make it sound like any lazy idiot can become a can't-lose millionaire?) | ? | Yes Details |
| 11. Do they have solid, money-back guarantees for a substantial period? (Or do they play the 30-day game, with return reauthorizations, restocking fees, and other silly hoops you need to jump through?) | ? | Yes Details |
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