Yes and no. While it is legal to hold a seminar that teaches about investing, do not expect that you will be as successful or rich as the person who is speaking at the seminar. The primary reason is that in a buyer’s market, the opportunities for a fast and large return on an investment in real estate are drying up. Real estate is no longer appreciating at the rapid rate it was prior to 2005. Before 2005, a person could pick up a house with an obvious defect, rehab the place, and sell it for a nice profit within a couple of months. That was because housing prices were rising quickly. Since 2005, prices have dropped or leveled off.
Another real estate investment plan that is no longer the successful investment that it used to be is the group of investors who place a significant amount of money into a fund that lends money out for mortgages. The problem came when these funds, in order to get a larger return on the money, wrote subprime mortgages with large interest rates. When the homeowner could not pay the subprime mortgage loan the investment fund foreclosed on the mortgage and put the home up for sale. As long as the seller’s market existed the home would not last long on the market and would probably make the investment fund additional money on the sale and maybe another subprime loan. However, after the market turned into a buyer’s market, these foreclosed homes sat, and continue to do so. The investment funds are not getting payments on the mortgage nor are they able to sell the house.
During the seller’s market, many real estate experts made money on this type of seminar. Even if you were invited for free, the speaker would make money on the books and educational material that was sold. If you do attend this type of seminar, go into it with your eyes open, know the current real estate market and understand that this person is not doing the seminar out of the kindness of his or her heart.