Commercial Real Estate Investing Courses Reviewed – Wright Thurston
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How much did I pay for this CRAP?
Product and Seminar Product Review: Diamonds in the Rough by Wright Thurston
First of all, if anyone wants to buy this course from me, make me an offer. I paid about $800 for it at one of those hype filled pitch-fests they like to call real estate investment seminars that I have been known to spend a lot of money at. (Some well-spent, and some not – depending on if the real estate investing info was any good.)
Somehow, I think that even on eBay I’d have trouble unloading it for half that amount now.
Diamonds in the Rough, by Wright Thurston – What Do You Get?
This real estate investment course was focused on building passive cash flow through acquiring rental 
property – primarily with a focus on multi-unit and commercial investment property. Wright did this back in the 1970′s or 80′s while working as an IBM salesman in Alaska. In addition to the 3 tape sets (10 tapes each with accompanying manual) mentioned below, this also came with a forms disk and an invitation to a Millionaire real estate investing seminar which I did not attend.
Wright Thurston seems like a nice 60-something guy, and I’m sure he’s bright and great at sales. He’s probably even a heck of a good real estate investor, I don’t know, but I’ll give him the benefit of the doubt.
However, this course, including “Diamonds in the Rough,” “Property Management Magic,” and “Making it Happen” all seem pretty out of date. I should have known when I saw that the product was sold as casette tapes and the forms and contracts came on a 3.5″ inch floppy disc. But I figured, hey, if the information is good, it probably won’t matter.
Is the Real Estate Investment Information Any Good?
Unfortunately the information consisted of mostly entertianing vignettes (like the time a pimp moved into 
his rental house, or a tenant pulled a gun on him when he tried to raise the rent) but not a lot of meat-and-potatoes “how to” information.
Rather than including letter sets to send out or complicated strategis for negotiating or structuring deals, the advice consists of what Wright probably used back in the day (early 80′s) when he was acquiring these properties… call up real estate agents and ask them about deals, and network with your real estate agent. You probably could have figured that out yourself, huh?
There is not a whisper of anything related to the Internet or any new age marketing…
I have to say that the course is pretty hype-free, but it’s also inspriation-free and relevance-free.
Save your money on this one, unless you enjoy listening to Grandpa tell about how things were back when he got started in investing and everything in Alaska was so expensive, even milk was $5/gallon.
If you’re really serious about getting started with commercial real estate investing, I would advise you to 
stick right here at our blog, subscribe and write us some comments from time to time. We’ll write back and help you keep on the straight and narrow…avoiding hype and missteps as often as possible.
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