One question that people new to property investment frequently ask is whether training courses are worth the money. The answer depends on the kind of course that’s being offered and where you are on your investment journey.
Courses to Avoid
There are some kinds of property investment courses that you should avoid entirely. These are the kind that turn out to be more about selling a property than actually educating you. Any educational content from these courses can be found in books or for free online.
Warning signs for these include free or cheap tickets and frequent references to ‘living the dream’ or luxury lifestyles. Some of the more expensive courses can also fall into this category, so it’s important you do your research.
Specific training offered by knowledgeable professionals is much more valuable. Learning the ropes from someone who has experienced property investments themselves can save you a lot of money in the long run. But before you start signing up and buying tickets there are some other things to consider.
Find a Course Relevant to Your Property Investment Journey
First of all, it’s important to find a course that is relevant to you. It’s much more useful to attend a specialised session based on your interests than something more general that covers a lot. Think about where you are on your property investment journey: are at the very beginning or are you a more experienced landlord? What kind of properties do you (want to) own? There are often different courses available on each of these different topics.
Check the Trainer’s Credentials
Take a look at attendees’ feedback and success rates. If these aren’t publicly available ask the course provider whether they have them.
Once you’ve found a course, ensure you check the trainer’s credentials. Make sure that they’ve actually invested in property themselves; it’s much better to learn from someone who’s been there than someone who only knows the theory. You should also check that they’re still working in property investment. A lot has changed in the past 10 years and you need to be assured that their courses are still relevant.
If everything looks good there is still one thing to consider before you commit. You should seriously think about whether you will be able to put the outcomes of the course into practice. If not it will be a waste of both time and money. It’s always a good idea to give yourself some thinking space before you sign up to a property investment course so you can decide whether you actually need it or not.