5 Things To Validate If Your Real Estate Expert Is Worth Following

Is the advice you’re getting from an expert? Here are five things to consider if your real estate expert is worth following at all. Some people spend a lot of money on online courses, while others spend a ton of money going to seminars in person. Either way, there are some things you should look into before you spend all that money hoping for ROI on the information.

Let’s take a look at what you can do to get a better idea of the credibility of the person you’re following, especially if there’s a lot of money on the table. A lot of people come and go in the real estate investment industry trying to teach specifics. You always want to be careful where you get your advice. Some things can be costly if you’re not careful.

Credibility Is Crucial

Credibility is important, and some people try to boost their credibility by doing something called name-dropping. People will try to associate their name with high figure famous people, and you want to be aware of this. While everyone does this to some degree or another, you can usually sniff out and find somebody that’s not being honest because they tend to overdo it. If someone is being repetitious and wants to get that name out there a lot, you can usually tell particularly in a smaller setting, and when very few people are around, they will continue to promote themselves excessively.

The Slick Talking Salesman

Talking to somebody who sounds smooth as silk and uses the words ‘fast and easy’ a lot can be another sign. These word pairs are usually by design. It’s not something that people usually bring up in real estate investing unless there is a specific reason. Some people even use specific tonality with these words, and it goes back to psychology and helping people make a decision. I remember having a conversation with somebody on HOA negotiations, and the words they were using were quite unusual for the situation.

Do Due Diligence On Them.

Doing your due diligence and getting validation on the person’s background is important too. It’s not that hard to do anymore as you can go online and find Social proof rather quickly. Another great tool to check someone’s background is LinkedIn because you can see who recommends them. Getting a LinkedIn recommendation isn’t that easy because the person has no control over what the other person is saying. Lastly, you can also get validation by doing a quick Google search for their name and seeing what the results are.

Are You Fed Unrealistic Expectations?

If the person your following keeps feeding you pie-in-the-sky results sounding too good to be true, it probably is. People tend to hype up promotions excessively. One more key indicator when it comes to hype is the time frame they’re promising results. We specifically went to a conference to learn more about markets for Condominium investments, yet the promised results were crazy.

What About Trustworthiness?

We can get a good sense of whether the person selling something is trustworthy just by the fact if they are offering a money-back guarantee. In most cases people are willing to offer a money-back guarantee, there are some instances where it makes sense they do not, for example, if they’re providing an intangible service perhaps. A no money back guarantee, however, isn’t the norm. The person holding the event should extend a level of respect back to you too. Take the proper steps to determine what real estate investor you should be looking to for advice.

There can be many shady people in any industry. Real estate investment does attract its fair share of people wanting to take advantage of others because it is a fast-growing profitable industry. Things can happen quickly, and the industry is continually growing. It is why real estate investment is a great career, just be very careful who you listen to for advice, I’ve made my fair share of mistakes.

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Ian Manta is a successful business owner and lifetime investor in real estate. He has purchased numerous investment properties to grow assets, and develop passive income.