Tailwind Talks
Tailwind Talks is a podcast for high-performing professionals who want to build serious real estate portfolios without leaving their careers. Hosted by an airline and military pilot turned investor, it dives into actionable strategies for scaling your real estate portfolio while balancing the demands of a full-time job.
Tailwind Talks
You Don't Need A $4,000 Course To Buy Rentals!!
Ready for some hard truth about real estate investing? You don't need to spend $4,000 on a guru's course to learn how to buy rental properties. This episode cuts through the hype and exposes the predatory practices of high-priced real estate "education" programs that target hopeful investors with limited resources.
We break down a troubling case study of a young investor who supposedly accumulated 150 properties using 100% financing - a strategy that's presented as brilliant but actually creates enormous risk. When everything is financed (including the down payment), these investors are walking a tightrope with no safety net. If properties stop cash flowing, they face bankruptcy or significant losses.
The most alarming revelation? Many real estate gurus operate integrated businesses designed to profit from students multiple times - selling courses, offering overpriced properties, providing financing, and managing the rentals. Each step creates another revenue stream for the guru while increasing risk for the student. This episode explains why legitimate real estate investing requires patience, capital, and hard work - qualities that contradict the "easy money" narrative sold in flashy webinars and limited-time offers.
We also highlight the abundance of free and genuinely valuable real estate education available online and through local networking. The most successful investors often share knowledge freely, without charging thousands for "secret" strategies that don't actually exist. This conversation serves as both a warning to would-be investors and a call to promote more ethical education in the real estate community.
Have you encountered these types of high-priced real estate programs? Share your experiences and help others avoid these expensive pitfalls. Together, we can protect new investors from predatory practices that promise overnight success but deliver financial vulnerability.
You do not need to pay somebody $4,000 to teach you how to buy rental real estate. It's as simple as that. It's literally 1236. This morning I just got done flying for the military and I literally just felt the need to make this video because today one of the biggest names in the Section 8 Guru world was selling their course on one of their webinars, and every couple months they do this and say this is the last one I'm ever going to do, and inevitably they do another one, of course, but they're selling their services for something like $4,000 is what it's all about to be. To teach people how to buy real estate, which has endless free content available to teach you how to do. You don't need a $4,000 course or coaching to teach you how to learn how to buy real estate, and this person is just suckling money from people who they're selling a dream to which doesn't exist, and I'll explain exactly what I mean.
Speaker 0:One of the case studies for this person was a guy who was 25, 26 years old and he followed this guy and learned all of his teachings and bought all of his deals and he has 150 houses right now, which means nothing, because this guy bought them all with 95 loan to value, which means he had to bring five percent down on the transaction. And that five percent instead of pulling up money that he saved from going to a job every day or finding some other way to make money, this guy financed that five percent too. So now everything is financed. Let me say that again, everything in this deal is financed. That means that the 95% was with one lender, the 5% was with another lender. This guy brought $0 down and everyone's wow, what an amazing deal. You can get this property for nothing. There's no free lunch in this business. This guy's going to end up with a bunch of properties that aren't worth what he paid for them, because he probably bought them from the same guru who was teaching them and he was making a profit off of selling them to this guy. And now this guy's got a bunch of houses that he's going to be upside down in and if any time comes that they don't cashflow, he's totally effed and he's going to have to sell them all at a loss or go bankrupt. That's the only choice he's going to have, and this is the kind of teachings that people are seeing, and these kinds of guys prey on people that don't have a lot of money and have a dream because they can tell them oh, you don't need any money down, we'll finance everything. Who cares? Oh, guess what? I have the lenders too. Guess what? I'll be your lender, don't worry about that, just pay me the money. And so this guy's probably selling them the deals, he's selling them the lending, he's selling them the courses.
Speaker 0:It's a one-stop shop to get totally fucked over, and people are willing and eager to pay people like this to teach them how to do this. And this video is literally just to tell. Tell you you do not need that stuff to be successful in real estate. The people have taught me everything that I know that helped me scale from $0 to multi-million dollar portfolio. They've never charged me a dime for what they've told me.
Speaker 0:It just drives me nuts that people are just willing and eager to pay for this kind of stuff. That's total BS and you don't need any of it, especially in the day and age of the internet, where you can just go on Google, chat, gpt, you can ask your neighbor, whatever. You have so many different methods of trying to get this information for free or close to free. There's no reason to be paying this kind of person to teach you really terrible investing tactics that are going to totally screw you over down the road. The thing is, people want to hear that there's just a simple, easy answer, and the actual answer is that this business is hard, it takes a long time and it takes a lot of money. And if you don't have the money, you're going to have to save, you're going to have to work more, you're going to have to do stuff that you don't want to do. But people love selling the idea of, oh, I can get all these properties for free and suddenly I'm going to turn into a real estate guru overnight. It doesn't exist, and if you think it exists, you deserve to lose. Honestly, if you think that exists and you're willing to bend over and pay for that kind of stuff, then you deserve to lose and I'm really eager to buy your properties from you for 50 off. When they go back to the bank inevitably, it's just insane to me and I hope that this video resonates with somebody who almost or already did commit to some type of program with some of these guys that are doing this predatory type of selling and lending.
Speaker 0:If somebody's telling you that there's a one-stop shop for everything that you need to be successful in real estate, you need to be extremely cautious. I would say that you should totally get out of it from the beginning, but if you're gonna stick to it, you need to really pay attention, because this person, more than likely, is making money from you every step of the way. They're gonna help you set up the LLC. That's a charge. They're gonna teach you their 59-step process to get to the top and buy all these rentals. They're going to sell you the lending oh, I know a lender. Oh, I know a hard money lender. They're going to sell you the properties.
Speaker 0:I've got a beautiful property. I've owned it for years. I'm going to sell it to you no big deal. It's going to be $60,000. And you don't even do your research. You just pay them the money and it turns out they bought. Going to offer you oh, you don't understand the business and you don't live locally because they tell you not to buy locally. Oh, we'll give you property management. It's just going to be 10% of your gross rents. And now this person is just screwing you every step of the way and you're standing there excited to give them the money to oh, thank you so much for what you're doing for me and in reality they're just fucking you over and you're just going to be another person just lined up to pay them.
Speaker 0:I don't know if this rant even matters or makes sense, but if there's somebody out there that this benefits and gets them to take a second thought and say you know what this does seem too good to be true, maybe I should take a step back. I really hope that can reach that person. And if you're sitting here still listening to me talk at whatever it is 1242 now at night, I really appreciate your attention. There's so many people out there that are falling for this stuff, and it's not even just the real estate space. I just went on a whole deep dive of Andy Elliott and selling his courses and his one-on-one. You can pay a hundred grand to be his friend. Apparently, he'll give you his phone number and whatnot.
Speaker 0:It's just insane out there. So I understand that people are just going to spend money the way they want to, and I'm not. I'm not an expert by any means, but it just makes me sick to think about these people. This guy's making probably $100,000, $200,000, $300,000, $400,000 a month just off of people that are hopeful that they can get out of the situation that they're in, and they're just being sold BS the whole way, and so I hope I can change that down the road.
Speaker 0:I obviously don't have a following to do that right now, but I hope with time I can shed some light on these practices and I'll continue to join these webinars, just so I can see what's happening from the inside, because the best way to dismantle these kind of people is to just pretend that you're one of them, learn their tactics and then try to expose it on the way out. So, anyways, I hope you guys are sleeping well. Have a good night. If you've stayed this long to watch, I really appreciate it, and any comments are always welcome. I'll talk to you guys again the next time. I just