BiggerPockets

does anyone know about this foreclosure bootcamp training. It`s big time money!!! Being tough by Jeff schnitter and his team. Who is suppose to be one of the very best at REO`s.. I looked and I haven`t found/heard anything bad about him only (good). Where are like 5 boot camps that you travel out to a city that they pick. Which is suppose to be one of the top foreclosure markets in the country. I know the hole country is flooded with them right now. But these city`s have already bottomed out or so they say. But they take you by the hand look over your shoulder watch you and teach you how to buy R-S REO`s or make you buy some with out using your own fund or very little down. Or with OPM or hardmoney. And will keep training you for a yr.
Any feed back would be great

Charlie - Is there any reason you needed to post this 3 times? Please read the forum rules about multiple posts . . . your other 2 have been deleted from the site.

That said, are you promoting this or asking a question about it? It sounds like a little of both.

Please disclose what your purpose is here so we can understand what you're getting at.

So Rober would be an ideal fit.

Posted 3 times!?! Sounds like a plug to me.

Here is my feedback - There is no "best in the country at REO's"
There is no easy way to buy REO's with little to no money.
There is Risk.
You could get all the info from that bootcamp plus more right here on BP by reading the forum posts on REO's!

Have a great night. :lol:

Mike,
We finally are on the same page on something!! I lived around the corner from Robert when his first book came out, No Money Down. This was in Provo, Utah and his book was bragging about his foreighn sports car and large F&C home on Osmond Lane(yes, those Osmonds). I went to check records ay court house and he had TWO mortgages against the house.
I told him his book would get LOTS of people in trouble.There is NO secret to buying with no money down. The secret is making all those mortgage payments that begin 30 days after you buy and continue for 30 years!! I had already retired from Real Estate at age 29 and we had great heated discussions. This was in the early 80's. Soon after that, he moved to CA and suffered serious financial setbacks and did file BK. Rich

Robert was a nice guy when we lived in same area. I don't think he is very involved currently.( I heard that from a coach, so it is heresay)

Well said... well said...

I couldn't agree more with Joshua, the bootcamps are informative I am sure... but you can learn the same stuff from a book and these forums... in fact if you want to send me $5000 ill point you to the posts whenever you want ;)

You will learn more just browsing, reading, and participating in these forums than you ever will at any guru session. Also beware that at least 75% of guru sessions are sales pitches "for the next level of training where we teach you everything you didn't learn here" which ends up being a lot because they spent so much time pitching you the next level up. In fact if you read Robert Allens book he goes into great detail about multi-level marketing and how this is a great way to make money... lets think about that for a minute... enough said.

Now, I know from personal experience exactly how you feel, its daunting and these guru's offer you the easy way to make all your dreams come true... been there done that... I would not recommend it. As I mentioned in an earlier post I nearly dropped 10G's on that stuff... instead I read and asked a few questions and I have parlayed that 10G's into 8 rental units and am working on closing a REO Flip right now, all while keeping my more than full time 50-60 hour a week job.... no boot camp, session, or anything could worth that, and that 10G's HAS been a learning experience. I made some mistakes doing it, everyone does, but now I know and I have learned something truly valuable that will stick with me because I have done it.

Sorry for ranting but I know how you feel right now and I felt some fresh perspective drizzled with a little bit of rant might hit the spot :)

It seems to me that Robert Allen is the king of getting you to buy more stuff.

Over and over and over again, it is the same with ALL of them, including Donald Trump which I just checked out recently out of curiosity and posted about it a few days ago.

They are all full of crap and are there for one reason, to get you to fork over tons of your hard earned money to make them rich becasue they can't do what they claim is so easy for you to do - invest in RE.

As I aid in earlier post in this thread, Robert is or was a nice guy when we lived in same area. I don't think he has much to do with the Robert Allen stuff. Almost all gurus are interested in the up sale. Rich

Fran, sit down with a lawyer and go over this stuff.

You and RA are both in CA, there are some interesting options available to you is some conditions exist and you are refusing to pay based on fraud or deceit.

Although I haven't attended Jeff Schnitter's bootcamp, I have attended one of his 3-day seminars. And I can speak from my own experience about EWI.

I believe that Jeff Schnitter knows what he's talking about, and I've been able to verify every principle that he taught in class independently through multiple sources--online and otherwise.

Matt and Will are correct that Robert Allen has a system of presenting information in increasing specificity, and Robert Allen is upfront about it--he even explains the concept (aka the information funnel) in his book "Multiple Streams of Income". McDonald's charges for feeding our stomaches, and RA charges for feeding our minds. McDonald's charges more for bigger burgers, and RA charges more for "bigger portions" too. Although I admit I'm not too excited about that, I do understand the logic.

For the sake of disclosure, I also know of others who had bad experiences with EWI classes/material. In all of the cases that I know of personally, the people with the bad experiences didn't apply what they learned, and most of them gave up before they even tried to make an offer. Hand holding only goes so far. The only way to make money is this--or any other business--is to go out and do the work, and real-estate investing is serious business.

For me, this site is the rarest of gems, because it's the first place I've encountered where knowledgeable and experienced investors are willing to share some details without their hands out. (Not to be all sappy.)