Are you ready to make a million dollars? No money down!

Have you heard these pitches from real estate seminar gurus? These high volume pitches are very common words from real estate investment seminars. Many participants in these seminars come away scratching their heads after dropping hundreds to thousands of dollars at one of these seminars.

There are real estate investment seminars that are worth the price of learning about the business of real estate investments. Others that tout the get rich quick theme should be avoided. If it seems to be good to be true, usually it is.

The US Federal Trade Commission put out a consumer warning. Claims that fast money can be made with lack of experience is a cause for suspicion. If the opportunity is only available for a short period of time, look out.

These seminars have exploded on the internet. It is common to find seminars with claims to teach you everything in three days. There are some free seminars, but are used as an introduction to the future ones that require payment.

Many seminars teach the greater fool theory. That is how to trick others into buying a property that you want to sell. Many get rich quick schemes rely on this theory and the assumption that there is always someone out there ready to do a deal. The greater fool theory is one thing, how to sell real estate is quite another. It takes time, knowledge and experience to be a seller.

The carrot for newcomers to attend these seminars is that debt is accepted for business dealings. Thus, here comes the no money down theory. There is an opportunity to do well with this opportunity. The flipside of this is bankruptcy. New investor should realize all of costs of doing real estate from closing costs, lender fees, etc that can get pricey. When the no money claim is made, well that is simply not true.

There are also real estate seminar promoters who land in jail. One was given a federal prison term after defrauding more than one thousand seminar attendees. He promoted a claim to share in the profit of any real estate transactions brought to him. The attendees paid fifteen hundred each to join him in his real estate ventures. The FBI found that the guru lived off the seminar proceeds and his real estate dealings were a sham.

Be aware of outrageous claims by real estate gurus who promise success and get rich quick promises by attending their seminars. A real estate investor would be better off to invest the time and money into his own business experience.