how much does a than merrill course cost

Than Merrill and his Fortune Buildersentices folks with a "free" seminar, and then will slap them for $1500 for the "follow up" seminar, and upwards of $35,000 or more for the full program. No training in real estate investing is worthy of the prices most of these gurus charge - thousands, and tens of thousands of dollars.

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How much does than Merrill's coaching cost?

THAN MERRILL'S 2-HOUR REAL ESTATE CLASS. We are passionate about real estate and business and we believe education, systems and coaching are the keys components to running a successful real estate investing business. We have built our business on this foundation and our sole purpose is to share our knowledge, systems and coaches with investors ...

Who is than Merrill?

According to Zillow, the median rent price in the United States is $1,715. Therefore, the cost of doing business with a property management company that charges 10 percent will run the average investor about $171.50 a month. On the surface, the average property management cost may seem steep for unsuspecting investors.

What is your opinion of than Merrill and fortune builders?

For any educations, you will pick up a lot of valuable information if you are a complete beginner. I am all for education value up to $1,500. Preferably under $1,000. I much more prefer to include two-four days live seminar with it. You will learn a lot.

Is there any ethical justification for the prices charged by Merrill?

1 day ago · Than Merrill is a real estate investing expert who has bought and sold hundreds of properties. Than Merrill's real estate success is not typical. Most people who attend this introductory free event do not apply the strategies, techniques, and systems and therefore make little to no money.

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What happened to Than Merrill?

Than shot many seasons with the show as it was the first reality real estate show of it's kind and it has since helped spawn many other real estate reality shows. Than Merrill and his partners expanded their real estate and educational companies, and opened offices in San Diego, CA where he now resides.

What is a real estate seminar?

What Are Real Estate Seminars? Real estate seminars are events that offer prospective and current investors education in the real estate industry. Attendees range from full-time to novice to beginner investors, including those simply looking to improve their industry knowledge.Jun 16, 2020

How do I start a real estate seminar?

Here are tips for hosting a successful real estate seminar....Presentation tipsPractice, practice, practice. ... Don't read your slides; people can do that for themselves. ... Encourage attendees to ask questions.Make your seminar as interactive as possible. ... Avoid real estate terms and jargon.More items...•Nov 18, 2015

What should I ask a real estate seminar?

10 Questions New Real Estate Investors Need to AskWho Will Handle Basic Repairs? ... Do You Have a Real Estate Investment Strategy? ... What is Your Financial Goal? ... How Accurate Are the Model Assumptions? ... Do You Have a Good Team? ... Should You Seek Finance or Invest Your Own Money? ... Where is the Property Located?More items...•Jul 23, 2021

What is reserve fund fee?

The reserve fund fee is more like a bank account that doesn’t incur any interest. In fact, while it’s called a fee, the reserve fund is essentially a pool of money to contribute to each month that the manager may draw from in the event the property needs attention. Instead of bothering the homeowner, and perhaps wasting an exorbitant amount of time, the manager may use this pool of money to address any issues that may require expenses. More often than not, homeowners end up tapping into this reserve fund, so it’s not like the money is going to waste. Likewise, this fee is often refundable.

What is setup fee?

Commonly referred to as an on boarding fee, a setup fee is exactly what it sounds like: a price homeowners must pay in order to do business with a third-party property manager. More specifically, however, a setup fee will represent the cost homeowners are responsible for in order to set up an account with a respective manager. Setup fees aren’t typically included in monthly collections, and are instead an upfront fee that can range anywhere from $0-300. As the name would lead you to believe, it’s typically a one-time charge, but some managers may require a setup fee for each additional property added to the portfolio.

Why do property managers charge maintenance fees?

The fee is used to pay for keeping their services on retainer, meaning the property manager will have access to their skills when necessary. It is important to note, however, that this fee is technically used to pay to retain the services of said workers, and not for the work itself. Any additional work will need to be paid for by the homeowner. Not surprisingly, maintenance workers will need to be compensated for materials and time spent on each individual job, which can vary dramatically from project to project.

Why do leases change?

Rental guidelines and leases are constantly changing due to the fluidity of the economy and current market environment. At the very least, it is common for rental rates to change at the end of a lease in order to adapt to the new standards. As a result, new leases are required after each contract expires. Consequently, new contracts and leases must be drafted following the expiration of their predecessors, which costs money. This fee, therefore, is to account for the need of a new lease when new tenants move in.

What is a leasing fee?

As perhaps one of the most common property management company fees, a leasing fee is the price homeowners must pay to fill a vacancy . Otherwise known as a placement fee, a leasing fee is the cost levied on homeowners by managers to fill empty homes. Due, in large part, to the leasing fee’s direct correlation to market demand, it can vary significantly; when demand is high it may cost less, but markets lacking sufficient demand may result in a higher leasing fee. That said, one thing is for certain: leasing fees constitute a large portion of the cost of working with a manager; they are perhaps the single most common reason rental property owners align their services with a manager in the first place.

Is an eviction fee worth it?

Eviction fees can add up quickly, but they are certainly well worth the cost of admission. Evictions are timely, costly, and full of headaches—all things investors would rather avoid. Therefore, paying an eviction fee to the property manager to take care of everything makes a lot of sense.

Is property management an investment?

The average property management cost may appear to detract from the bottom line of investors, but it is important to view the expense as an investment. Of course, enlisting the services of a property manager will cost money, but it’s entirely possible for the initial cost to be recouped through the number of services provided. In fact, the right property manager can very easily return more in the way of profits than their upfront costs.

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