Anyone (or know people) had experience with Rich Dad program/coaching service?

[Jessica Liu]

I am seeking anyone who had bought Rich Dad program/coaching service.  If you or you know someone who has deal with them, I would appreciate for the connection.  Thank you!

[J Homebuyer]

I felt very cheated by RD as well. The 3 day training left a horrid taste in my mouth about Robert K. I had so much respect for him. 

The customer service is bad when you speak with a rep. ( they never call on time, lots of playing phone tag, sloppiness, no one emails you back, etc) You don't get individual attention. A lot of their business practices are down-right disturbingly shady. 

Yet their good at doing a thorough job at teaching each subject. I did buy 1 advanced training. 

If I had to do it all over again..

• I'd go to the 3-day training, take notes.
• Buy an individual package a week later.
• Go to REIA meetings and network with business cards.
• Find 2-3  awesome successful REIs to mentor me from a REIA and build a genuine bond with.
• Find a cheaper alternative RD to get a general overview of many RE strategies.
• Set up an entity and business accounts.
• Build my RE portfolio with Shorts, WS, and rental props within 6-9 months.
• Literally have a portfolio to keep track of all my props
• Then buy some of the major RD products like Assets Management, Land Development, RESS, etc. 

Jessica Liu said:

Hi Richard,

I bought both Rich Dad/Tigrent's Advanced REI courses, and coaching program.  I have to say - IT'S NOT WORTH IT, AND THEY MAKE IT VERY DIFFICULT TO GET REFUND! 

I highly recommend you to check out REIA NYC.  I am very pleased with the REI education.  Give it a try!

Good Luck!

[J Homebuyer]

I brought a single course from RD. It should be easy as pie to get a prop with or without RD. REIA are usually far far better.

It is worth it to buy only one course for RD something easy to get done like short sales or whole sales. Then go to your local REIA group. Don't have to be a member.

Talk to the people who are the most friendly in the room. Ask some one experienced and accomplished to mentor you. This is the best way to do things.

Also you can go to http://get.connectedinvestors.com/?invitation=JiaTheHomeBuyer They  have all the packages similar to RD for $97 a month. They have a fabulous customer service and you get one-on-one attention sometimes 9 times a week. Don't spend all your $ with RD.

I see myself buying maybe a 3 or 4 more courses from RD because they do a more through job at explaining things. This will happen as I build my RE portfolio, not before. Good luck. 

Richard H.S. Yun said:

I'm at a stage right before signing up with their coaching program. They guaranteed that I will be having my first prorperty within a year, is this true?

 

I see many comments that REIA help as much or even more than the coaching program.. do you think its good idea to invest the money and learn from Rich Dad since I have like "0" experience in REI or should I still join REIA and learn from scratch there?

 

Sorry if I'm asking a repetitive question but I feel like I can't find (or don't know where to find) the right help/mentor/education that I may need through a group/REIA that everyone is recommending. Any specific recommendations near NYC area or maybe even in Albany area? (I'll be here until May and come back to NYC for good).

 

Thanks,

Richard

[Howard Rabinowitz]

I would encourage people to go to their free workshop, as well as the workshops of other groups offering educations,  the 3 day class I'm hesitant to sign up for but its always beneficial to network and see whats on offer.

My only recommendation if you go is to not go there with your eyes wideshut.

Don't get caught up in the hype of the crowd and take a step back before you start paying and keep in mind the upsell and find out whats included and where it ends. Give yourself a chance to do your research and decide if what they are offering is right for you. Look at all the pros and cons and keep in mind there are a lot of educational programs out there which could be better suited to you. There's nothing saying you should or shouldnt buy their education program or that you can only do one companies program and not another.

Most importantly don't forget about the free internet sites, local investment groups and communities and your networking. After all, this is a people orientated business!

[Eric Phillips]

I just attended their free workshop and signed up for their 3 day class....From what I read, you have to go in there with an open mind and take any info that is available. I hear that they try to upsale on the second and last day to their more expensive programs.. this is one of the reviews i found.. http://www.biggerpockets.com/forums/79/topics/69511-my-review-of-th...

[Jessica Liu]

Thanks Howard for your advice!  : )

Howard Rabinowitz said:

There are a lot of upsells in their program and I think their prices are extremely high for what they're offering.

My advise would be to join as many local groups as you can and start networking, also do your research on what training programs are out there and what they offer and the various price ranges. Do your due diligence! If you're going to spend that kind of money on any program make sure that it's right for you. There are some excellent ones out there and some which you should run for the hills when you see them.

By the way, I would be suspicious about anything that can guarantee your first deal within your first year, what type of deal are they guaranteeing you'll do and is it the kind of deal you would want to do? Wholesale, fix and flip, short-sale or simply buying a turn key property?

Your success isn't determined by the program, its determined by how serious you are and how much work you're prepared to put into your Real Estate Investing career. The training programs are merely more tools to help you.

[Howard Rabinowitz]

There are a lot of upsells in their program and I think their prices are extremely high for what they're offering.

My advise would be to join as many local groups as you can and start networking, also do your research on what training programs are out there and what they offer and the various price ranges. Do your due diligence! If you're going to spend that kind of money on any program make sure that it's right for you. There are some excellent ones out there and some which you should run for the hills when you see them.

By the way, I would be suspicious about anything that can guarantee your first deal within your first year, what type of deal are they guaranteeing you'll do and is it the kind of deal you would want to do? Wholesale, fix and flip, short-sale or simply buying a turn key property?

Your success isn't determined by the program, its determined by how serious you are and how much work you're prepared to put into your Real Estate Investing career. The training programs are merely more tools to help you.

[Amy Bly]

Doesn't Nick Tang from this group offer coaching/mentoring? I was under that impression, and I have found the meetings in Rutherford, NJ (formerly in Teaneck at the Glenpointe Hotel) to be very informative. I think a mentoring program that didn't charge too much would be ideal for many of us in this group! 

[Jessica Liu]

Hi Richard,

I bought both Rich Dad/Tigrent's Advanced REI courses, and coaching program.  I have to say - IT'S NOT WORTH IT, AND THEY MAKE IT VERY DIFFICULT TO GET REFUND! 

I highly recommend you to check out REIA NYC.  I am very pleased with the REI education.  Give it a try!

Good Luck!

[Richard H.S. Yun]

Thank you everyone for the thoughtful replies!

[JR]

Richard:

 

Your best bet to get started is to educate yourself in every way possible.  That includes reading books, researching online, attending REIA's in your local market and if you can afford it, continue with the Rich Dad program.  No one will mentor you unless you have something to offer.  You can't offer anything if you don't understand the basic principles of investing in RE.  Once you get the basic principles down, figure out which investment strategy you want to start with.  Rich Dad tells you the different investment strategies, and all you have to do is pick one and master it.  Master it and most all other principles will be better understood.  Good luck.

 
Richard H.S. Yun said:

I'm at a stage right before signing up with their coaching program. They guaranteed that I will be having my first prorperty within a year, is this true?

 

I see many comments that REIA help as much or even more than the coaching program.. do you think its good idea to invest the money and learn from Rich Dad since I have like "0" experience in REI or should I still join REIA and learn from scratch there?

 

Sorry if I'm asking a repetitive question but I feel like I can't find (or don't know where to find) the right help/mentor/education that I may need through a group/REIA that everyone is recommending. Any specific recommendations near NYC area or maybe even in Albany area? (I'll be here until May and come back to NYC for good).

 

Thanks,

Richard