Updated: Sep 11, 2020
There are tons of prominent figures in the real estate space.
Some are new and leveraging online advertising to grow their brand at a record pace. Others, like Ron LeGrand, have been around for decades.
In this feature, we’ll break down everything you need to know about Ron LeGrand:
What’s he worth?
Why is he so well known in the real estate investing space?
Is his training worth the money?
What can you learn from his career?
Is there a better way to grow your business than what he teaches?
If that’s what you’re here for, let’s dive in.
Ron LeGrand Net Worth
The first question people usually ask about Ron is “what’s his net worth?”
This has been difficult to track down.
Ron has stated in the past that his net worth dropped $150M during the crash of 2008, as he had invested heavily in commercial real estate that tanked.
He also said that while the crash wiped out most of what he’d built in the prior 10 years, he was able to survive financially and planned to continue doing the exact same thing he’d be doing as the market picked back up.
So what is Ron LeGrand’s net worth?
Given the explosion in commercial real estate value over the last 10 years, we estimate that Ron LeGrand’s net worth is currently between $300M-$500M.
That said, this is only our own best guess as Ron doesn’t disclose this information.
While Ron’s net worth is certainly impressive, there are quite a few real estate professionals around the world doing similarly well for themselves.
So why do so many people know about Ron?
How Ron LeGrand Became A Well-Known Figure In Real Estate Investing
What would you do if your washing machine broke down and you couldn’t fix it yourself or afford to have someone fix it for you?
In Ron’s case, it became a career-changing moment.
He realized that his career as a mechanic wasn’t allowing him to purchase even the functional necessities of life, let alone earn enough to enjoy the extra things life had to offer, and so he decided to make a change.
Ron had heard that investing in real estate was a method that normal people just like him were using to get ahead in life, so he decided to give it a shot.
When he started, he didn’t really know what he was doing, and his openness about the struggles of his early years in real estate investing are a defining feature of his teaching and commentary.
He chose problematic homes in problematic areas and had to deal with problematic tenants. He spent hours chasing rent and listening to stories about why it couldn’t be paid. Simply put, he spent a lot of time working at the lower end of the real estate spectrum, because he wasn’t confident enough to move up the ladder.
While Ron will tell you that he made some profits during those first 5 years - enough for him make more money than he had as a mechanic and decide to keep at it - it wasn’t until his 6th and 7th years that things really started clicking for him, and he finally understood where he’d been going wrong and how to do it better.
Within those two years, he quickly jumped up to 400 deals and decided to tap into the new online training market to sell his system for finding and closing real estate deals.
This is where Ron LeGrand began to become a known entity in the Real Estate space.
His books include:
1997 - Fast Cash with Quick-Turn Real Estate: How Anyone Can Quickly Turn Single Family Houses Into Cash
2010 - The New Masters of Real Estate: Getting Deals Done in the New Economy Eddie Miller
2011- Sold! The World's Leading Real Estate Experts Reveal the Secrets to Selling Your Home for Top Dollar in Record Time! Jason Watson
2015 - How to Make Big Money in Small Apartments
2015 - How to Be a Quick Turn Real Estate Entrepreneur in Any Economy: A Step by Step Guide to Your First Deal
2016 - The Ultimate Real Estate Survival Guide
2016 - The Less I Do, the More I Make: Automate Or Die: How to Get More Done in Less Time and Take Your Life Back
2018 - The Flip Side of Flipping: The Easier Way to Real Estate Riches
In the late ’90s, Ron’s information company went public. It had a yearly revenue surpassing $20,000,000 at the time. The profits mainly came from books, tapes, and seminars.
Ron’s training products reflect the struggle of his first 5 years. He focuses a lot on shortening the learning curve and helping new real estate investors reach profitability faster and more efficiently than they would figuring things out on their own.
Ron also continued doing real estate on the side, primarily through his team and automated system rather than through doing the work himself. He had allegedly closed 2,000 deals at the time his info company went public.
Ron’s continued exposure as Real Estate’s blue collar guru led to him packing out 20,000 person seminars and sharing the stage with numerous celebrities, including:
Heading into the early 2000’s, Ron transitioned into commercial real estate. He has allegedly bought and sold over 1,600 single-family homes, done over $300M in commercial real estate deals, and presided over $2 Billion worth of real estate development projects, including:
Office Buildings (industrial & commercial)
Mixed-Use & Residential Land Development
Today, he is one of the most well-known names in Real Estate. He’s been referred to as “The World’s Leading Expert At Quick Turning Houses” and “The Millionaire Maker” by his students and affiliates.
His training focuses on the following topics:
Getting started in real estate
Real estate wholesaling
Flipping luxury homes
Learning how to predict market value
Locating & prescreening prospects
Constructing & presenting offers
Ron has been married to wife Beverly for 44 years, and his family includes four children, nine grandchildren, and two great-grandchildren. He prefers a burger to steak, hates wine, smokes cigars, listens to country music and jazz, and loves going to the movies.
He plows his own garden, has his very own tractor, owns horses, chickens, cats, and dogs. Oddly enough, he was quoted in an interview saying: “I like killing fish”, which is very different than saying “I like fishing”.
But then again, he calls himself a “weird dude who is a simple auto mechanic with a redneck background who barely got out of high-school”.
Ron LeGrand Training Review: Is It Worth The Money?
Ron’s training has withstood the test of time in relatively good standing for decades, which supports the idea that his core teaching is worth checking out.
If you look up his books on Amazon, for example, you’ll find generally favorable reviews, although much less than you’d expect given how long he’s been in the real estate training business:
That said, Ron seems to be yet another example of an old school coach who has outsourced his online training system to scammy companies.
It doesn’t take long to find reviews like this:
It also seems like many of his seminars are online training programs are run by employees rather than himself, and they are focused more on pitching higher priced products than on providing genuinely useful information.
As one reviewer commented:
This is generally what we recommend as well.
If you want to learn from Ron LeGrand, grab one of his books or tapes off a 3rd party website like Amazon or Ebay and go from there.
Additionally, keep in mind that while Ron’s core training is solid and he does a great, relatable job of teaching the fundamentals, he hasn’t really “kept up with the times” so to speak.
If you are just getting started, you can do much worse than learning the fundamentals from his training, but if you are a particularly ambitious individual looking to really push your limits in 2020, you’ll want to learn from people who are doing big things NOW using modern methods and techniques.
What Can You Learn About Real Estate From Ron’s Success?
Whenever you come across someone successful, it’s always good to ask, “What can I learn from this person’s success?”
1. Anyone can succeed in real estate.
A lot of real estate moguls try to downplay their background, but on inspection, you’ll discover they come from wealthy families and large inheritances.
Capital is king in real estate, so those at the top are often those with the biggest head start.
Ron’s success, however, proves that you don’t need to start with even $10,000 in order to build a career in real estate.
Ron went from mechanic to real estate profit in a single year. He went from being unable to afford a washing machine to hitting 7 figures in real estate deals in less than 10 years.
If you want it and you’re willing to work for you, YOU can succeed in real estate, no matter what your situation or background.
2. Maintain cash flow by selling quickly.
One of Ron’s favorite sayings is “If you can’t pay your bills, you can’t build wealth”.
What does that mean?
Ron realized fairly quickly that real estate investors tend to have a lot of equity but are usually very cash poor. He realized that in order to maintain cash flow, he needed to earmark part of his portfolio for quick selling and turnaround.
By doing this, he would sometimes earn less profit on specific deals, but he would make more profit overall as his healthy cash flow allowed him to do more deals without getting stuck in the process.
This is a great takeaway for any investor. Don’t get so focused on maximizing deal value that you run out of cash.
3. Flip the most expensive homes you can handle.
A lot of investors are scared of higher priced homes, especially early in their careers, but the truth is that the more expensive the home, the more money you stand to make on the flip, and the less you need to do perfectly along the way.
Luxury homes often don’t require as much rehabbing, and buyers come with more cash prepared. Both buyers and seller are less likely to nitpick over little things, and at the end of the day, the only major difference between flipping a $100k home and a $1M home is that you make 10x more on the $1M home.
Feel free to start with low priced homes as your test run, so to speak, but don’t be scared to go big once you get the hang of it.
Is There A Better Way To Do Real Estate Than What Ron Teaches?
Ron’s training on real estate is pretty solid overall, but as we mentioned before, he isn’t as privy to modern methods and technology as other figures in the real estate industry.
If you are an “old school” person who is just getting started or only looking to close a few deals on the side each year, you’ll probably enjoy Ron’s books and get a lot out of them.
On the other hand, if you are fairly ambitious and looking to become a top investor in your state as quickly as possible, you’ll want to dive straight into the most up-to-date methods available.
If that’s you, check out this case study on how our very own Jamil Damji became the #3 wholesaler in the US, bringing in more than 50 deals per MONTH: