Last updated on April 28, 2022
Continuing education is an important part of being a successful real estate investor, and attending seminars and taking online real estate courses are good ways to learn. When exploring options for learning more about real estate, investors often ask if real estate seminars are really worth it or just a waste of time. Determining whether to attend a seminar or enroll in an online real estate course can be difficult. To help you decide if seminars or real estate courses are best for your real estate business, we’ll review the pros and cons of real estate seminars and things to look for when choosing courses. Key takeaways Attending a real estate seminar in person requires time, effort, and, sometimes, money. But despite these potential drawbacks, some real estate seminars may be worthwhile. Here are some of the advantages of real estate seminars: Going to a real estate seminar is a good way to network with fellow real estate investors. Almost everybody is looking to do deals, and meeting a peer in person can be an effective way to build a business relationship. Steve Jobs once suggested that people “learn continually—there’s always “one more thing” to learn.” Continuing education, along with networking, is the name of the game when it comes to success in real estate investing. Seminars can be good ways to learn new investing strategies and techniques and stay educated on current trends. Real estate seminars usually have breakout sessions that cover trending technologies for growing a rental property business. Longer seminars often feature vendors, such as companies that provide rental property software for investors, online rent payment services, and smart-home device manufacturers.The pros of real estate seminars
1. Networking
2. Education
3. Technology
4. Motivation
Investing in real estate can be rewarding and exhausting at the same time. Attending a real estate seminar can be a good way to stay motivated, collect new business ideas, and learn ways that other successful investors profit from rental property.
5. Recreation
Going to an out-of-town real estate investing seminar also offers the opportunity to mix business with a little pleasure. However, while real estate seminars and continuing education expenses are generally tax deductible, follow the Internal Revenue Service (IRS) business travel guidelines to claim the allowable deductions.
The cons of seminars
Although there are benefits to traveling to real estate seminars, there are drawbacks to consider:
1. Value
Some inexpensive or free real estate seminars may be nothing more than sales pitches masquerading as continuing education classes. It’s certainly possible to learn something by attending a cheap seminar. However, don’t be surprised to hear more noise than constructive advice.
2. Upselling
Low-cost real estate seminars are frequently hooks to reel in investors for additional expensive seminars. Instead of providing real value to investors, attendees may be told that to really learn about real estate investing, they’ll need to enroll in a high-priced boot camp or to purchase expensive coaching sessions.
3. Instructors
Instructors at some real estate seminars may be more like sales people than knowledgeable real estate investors. Others may be tried-and-true real estate investing gurus but are absolutely terrible at teaching and public speaking. If possible, try to view a sample session, and always ask up front about the seminar’s refund policy.
4. Size
Seminar organizers have overhead to cover, such as marketing and advertising, conference room rentals, and meals. Because in-person seminars have high fixed costs, event planners have every incentive to pack as many people as possible into a classroom.
5. Customization
Because real estate investing seminars are not conducted one on one, it’s virtually impossible to customize classes to meet the specific needs of an individual investor. Generic real estate seminars may be helpful for gaining general information, but they often come up short on actionable knowledge.
Real estate courses vs. seminars
Investors have unique goals that seminars may be unable to fulfill. That’s one reason to consider investing in a good real estate course instead of a real estate seminar.
Here are key differences between online real estate courses and seminars:
- Convenience. Real estate courses can be taken at an investor’s convenience instead of in a specific place and at a certain time. Instead of having to sit on a metal chair in front of a folding table, investors can use computers, tablets, or smartphones from the comfort of their own homes to access and complete real estate courses.
- Flexibility. Because the best real estate courses offer options for one-on-one coaching, instructors can be much more flexible when designing material to meet an investor’s specific needs.
- Interaction. While opportunities to socialize may be more limited, interaction through online real estate courses is often more valuable. Real estate courses conducted online typically offer dedicated forums and communities for interacting with fellow investor-students.
- Value. “Price is what you pay; value is what you get,” according to Warren Buffet. Although there are plenty of free and low-cost real estate seminars, an investor may get more bang for the buck from an online real estate course taught by successful real estate investors.
- Support. Instructors can provide more support and mentorship with online real estate classes. Class sizes for group coaching are limited in size, allowing instructors to focus on the needs of a small group of students and offer opportunities for one-on-one coaching.
What to look for in a real estate course
Some of the top real estate courses, such as Roofstock Academy, provide many of the same benefits that in-person seminars do but can be much more effective. Here’s what to look for in online real estate courses:
Self-paced
Everyone has different learning styles and timelines. Self-paced real estate courses let investors choose how much to study and when, by combining online lectures with group and one-on-one coaching.
Exclusive lectures
Recorded lectures allow students to learn at their own pace, aided by options for members-only Q&A and lessons from classic real estate investing books. Topics to look for in real estate courses include real estate investing strategies, property analysis, buyer and seller checklists, scaling of rental property portfolios, and 1031 tax-deferred exchanges.
Focused coaching
Focused, one-on-one coaching builds on lessons learned from lectures. Students should set aside in-person learning time to personally meet with an investor-coach and complete homework designed to spark action and progress.
Dedicated communities, forums, and support
A good real estate course offers a variety of opportunities for students to network and socialize online. For example, students who enroll in Roofstock Academy’s Workshop and Mastermind programs have unlimited access to a private investor community, member-only Q&A, Rooftalk webinars and mini-courses, and preferred access to a customer support team.
Money-back guarantee
Quality online real estate course programs typically offer a no-questions-asked, money-back guarantee. Knowing that a money-back guarantee is available provides a level of safety and assurance that the course instructors are confident they’ll provide a level of value far beyond the cost of the real estate course.
Final thoughts
Real estate investing seminars and courses can be good ways to learn more about owning and operating rental property. While seminars provide opportunities to travel and mix business with pleasure, they often don’t provide enough value compared to cost. On the other hand, good real estate courses taught by instructors who are experienced real estate investors can provide a better return on investment and help investor-students jump-start their real estate investing businesses.
As a seasoned real estate investor and enthusiast with a deep understanding of the industry, I can provide valuable insights into the concepts discussed in the article about continuing education for real estate investors. My hands-on experience in the field allows me to offer a comprehensive perspective on the pros and cons of attending real estate seminars versus enrolling in online real estate courses.
Networking Opportunities: The article rightly emphasizes the importance of networking in the real estate industry. Having personally attended various seminars, I can attest to the value of face-to-face interactions with fellow investors. Building relationships in the industry is crucial, and seminars provide a platform for such connections.
Educational Benefits: Continuing education is a cornerstone of success in real estate, and I've found that seminars offer a unique opportunity to learn new strategies and stay updated on industry trends. The article correctly points out that education is a key component for real estate investors to thrive, and seminars can be a valuable source of knowledge.
Technological Trends: The mention of breakout sessions covering trending technologies is spot-on. As someone deeply involved in the tech side of real estate investing, I can affirm that staying abreast of technological advancements is essential for growing a rental property business. Seminars often bring in experts to shed light on these trends.
Motivation and Recreation: Investing in real estate can indeed be both rewarding and demanding. Attending seminars has personally served as a source of motivation for me. Additionally, the article's insight into the recreational aspect of out-of-town seminars aligns with the reality that mixing business with pleasure can enhance the overall experience.
Drawbacks of Seminars: The article correctly highlights the potential downsides of seminars, such as the risk of low-value content, upselling tactics, and the challenge of large class sizes. These are aspects that investors need to carefully consider when deciding whether to attend a particular seminar.
Real Estate Courses: Drawing a comparison between seminars and online real estate courses, the article emphasizes the convenience, flexibility, and interaction offered by courses. From personal experience, I can attest to the value of self-paced learning and the benefits of one-on-one coaching in real estate courses.
What to Look for in a Course: The article provides valuable insights into the key features of a good online real estate course. As someone who has explored various courses, I can confirm that self-paced learning, exclusive lectures, focused coaching, dedicated communities, and a money-back guarantee are crucial factors to consider when choosing a course.
Final Thoughts: In conclusion, the article accurately captures the pros and cons of both real estate seminars and online courses. While seminars offer certain advantages, quality online courses led by experienced instructors can provide a more tailored and valuable learning experience for aspiring and seasoned real estate investors alike.