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the SHARK TANK LIE about real estate investing | Episode 73

 

Would you believe that one of the most popular shows on television is HORRIBLY MISLEADING real estate investors and entrepreneurs every time it airs? Don’t get caught by the lie. Get all the details in today’s episode. I’m Carole Ellis. This is Episode 73.

So can you believe that one of the most popular shows on television – probably one of the most aspirational shows for a lot of investors and small business owners – is actually misleading real estate investors and small business owners in nearly every episode? I’ll tell you where they’re leading you wrong (and give you a great, easy solution to the problem) today, but first I want to take a quick 30 seconds to mention something that YOU MISSED. That’s right: you missed it. Last night, REI Today Listeners engaged LIVE with the pros at Credit Card Builders, the premier experts on building BUSINESS CREDIT for real estate investors and entrepreneurs. Some very interesting questions were asked and answered (for example, how exactly do you get $200,000 for a commercial building or $50,000 for medical marijuana business) and YOU MISSED IT! So if you think that your business could do with a cash infusion, don’t let this slide twice. Go to www.rei.today/bigcredit (one word, BIGCREDIT) and get registered for Ari and Mike’s next training. They’re not messing around; they get major corporate credit lines for investors even if you have bankruptcies, foreclosures, or a lousy credit score, and they also give out a really nice bonus ($3,500 worth of bonus, to be precise) just for being on the call. Get your spot right now at www.rei.today/BIGCREDIT, and don’t miss this twice. Seriously.

Now, back to the SHARK TANK LIE that could seriously slow down (if not stall out entirely) your real estate investing success. Here’s the deal:

I love Shark Tank, and I suspect you do too. After all, it’s just so FUN to watch investors and business owners tell that panel how they’ve worked hard, come up with great ideas, and are ready to grow their business with the right angel investor. And honestly, it’s fun to see the creativity and the squirming when the questions get tough. Haven’t you ever thought: if I could just GET IN THERE, I know they’d take me! I’m way better than these guys…And there’s the LIE.

Don’t worry: I’m not about to tell you that the Shark Tankers are ringers. And I’m not about to tell you that they’re better than you at what they do than you are at what you do. But I am here to tell you that those “angel investors,” while they’re certainly helping certain shark tank participants grow their business, are not entirely angelic. They’re making a serious, serious profit in a lot of cases, and that’s not the lie either. Shark Tank is up front: it’s about business and making money. But the lie that comes out of the show a lot of the time is that the only way to “make it big” is to give away your business. Here’s what our resident corporate credit expert, Ari Page, had to say about Shark Tank:

“On that show, investors might give away half their company, 50 percent of it, for $50,000 in seed capital,” he said, noting that although that 50,000 could be life-changing, getting it via Shark Tank methods involves letting someone else into the driver’s seat in your business, usually permanently. “Instead, business credit keeps you in the driver’s seat,” he pointed out, adding that business credit also can be used more flexibly than most real estate loans and tends to be just about the easiest type of business or investment funding to ACCESS, which is huge for real estate investors who may have many, many reasons that they need seed capital (think renovations, property purchases, insurance, contractors advances, the list goes on and on) that might not necessarily be included in the “fine print” on a loan, cash advance, or even angel investor investment. “Corporate credit keeps YOU, as an individual, OUT of the deal entirely,” he noted, adding that this is crucial because it enables ANYONE with a solid business plan (and do you think real estate just might qualify there?) to grow their business regardless of personal credit history.

You can hear Ari’s entire training (and a lot more of his thoughts on Shark Tank, business credit, and getting unsecured, cash credit, zero-interest funding for your real estate investing business (his company has raised over $200 million in 0 percent unsecured funding just since 2008 for investors and small business owners) by going, right now, to www.rei.today/bigcredit (one word, BIGCREDIT) and signing up for Credit Card Builders EXTREMELY LIMITED TIME TRAINING. I mentioned it earlier, and I’m going to say it again: These guys are not messing around. Did you hear me say more than $200 million? And that’s not just for one single blockbuster company. That’s tens and even hundreds of thousands of dollars for investors and small business owners JUST LIKE YOU all over the country. Go ot www.rei.today/BIGCREDIT for all the information, and snag that $3,500 worth of bonuses just for attending as well. Ladies and gentlemen, you don’t want to miss this one. It could change everything, including the way you see real estate, permanently.

REI Nation, thanks for listening in, and always remember this:

Your best investment is your own education.

About the Author

Carole Ellis is the host of Real Estate Investing Today, a popular 9-minute daily podcast focused on educating real estate investors about the important topics that will make their investing SAFER, FASTER, and MORE PROFITABLE. She's also the editor of the Bryan Ellis Investing Letter. She has more than a decade's worth of experience in and reporting on the real estate industry and, additionally, has written dozens of courses on the topic. Carole lives in Kennesaw with her husband, Bryan, and four children. She believes wholeheartedly that your best investment is always your OWN education.

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(2) comments

Eddie last year

I used to like Shark Tank until two of thw white sharks on two separate occassions called
black women cockroaches. They said “LIKE THE COCKROACHES YOU ARE” I thought that maybe
it was a soundbite, so I played it slowly and looked at their lips, and it is true that they
did say this on both occassions. As a blackman if one of these were my wife or daughther I
would have rushed the stage and showed them how to respect black women. Only cowards do this
to women, they wouldn’t dare do this to me.

Do a Google search and write in Shark Tank Cockroaches, or Shark tank racisim and you will see
many links on it. I wish people would band together and stop watchig this. If you were the
black millionaire on the show, I would have surely said something and would have been very,
very vocal

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John last year

Mr. Wonderful calls many entrepreneurs “cockroaches” regardless of their race, when they have no patent protection and can be easily overtaken by the established big players in that business. (Watch some more episodes and you’ll see.) I don’t agree with him making comments like this, but I suppose the thinking is that “it makes good TV”.

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