DC Fawcett

I've been looking hard at DC Fawcetts plan, Virtual Short Sale Investing. For $997.00 he does it all and you get paid. Has anyone else looked at this? He says I will set up a real estate partner locally and show up for the BPO, make sure the paperwork flows and get 50% of the deal? He claims to have the money and the buyers lined up already. Oh yeah, $97.00 a month for his "coaching website" that I can cancel anytime. He only wants to make deals on half mil or more. I've got 144 oceanfront properties close to me in foreclosure so I could hook him up but.... any thoughts?

Edited: 06/26/2010 at 08:01AM

Charlie Farrell

· scotchtown, New York

4 posts
7 Influence
1 Award

Icon_minipost Apr 23 '09, 12:15 PM

I`ve been wondering about him also. And Jeff kaller who calls himself Mr. shortsale. wondering if he is all smoke or if there is really anything to them

Edited: 06/26/2010 at 08:01AM

Karen Parker

Real Estate Investor · Tampa, Florida

456 posts
2218 Influence
5 Awards

Icon_minipost Apr 23 '09, 12:46 PM

As I told Robert in a private message earlier, DC Fawcett lives right down the road from me. I've never actually done any deals with him but he is a very successful and reputable investor here in the central Florida area. I'm also familiar with Jeff Kaller from up in northern Florida. Again, my personal experience is limited here but I read several complaints from other investors online that made me somewhat wary. Keep in mind that these could be someone that had a personal grievance with him about something but it did mention a real estate transaction my feelings were better safe than sorry.

Edited: 06/26/2010 at 08:01AM

Blake Copeland

Real Estate Investor · Austin, Texas

76 posts
352 Influence
2 Awards

Icon_minipost May 04 '09, 03:48 PM

The best short sale guy out there is Nathan Jurewicz. I have talked to him on the phone several times and i'm not even in the "coaching" program. As you can see I have tons of posts so I'm not an employee of his either.

I had sent him a message on a social networking site inquiring about buyers, and he responded with his cell phone number. Which I called, and he answered. He is totally the real deal and knows his stuff like nobody I have ever come across. His entire system is setup to where you don't talk to the banks, the seller or the buyer ever. If you're skeptical i don't blame you because I am always skeptical of gurus. Nathan is for real though i do know that much, i have interviewed people that work for him.

Edited: 06/26/2010 at 08:08AM

Michael Rossi

Real Estate Investor · Ohio

4587 posts
14256 Influence
14 Awards

Icon_minipost May 04 '09, 09:18 PM

His entire system is setup to where you don't talk to the banks, the seller or the buyer ever. If you're skeptical i don't blame you because I am always skeptical of gurus.

Blake, can you tell us in one or two sentences what this "system" is? If not, then how do you know that he's for real?

Mike

Edited: 06/26/2010 at 08:08AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75527 Influence
15 Awards

Icon_minipost May 04 '09, 10:02 PM

If you're not talking to the bank (lender, I assume you mean), the seller or the buyer, how does the deal get done? When you're doing short sales, you're acting as the go-between these parties. Pretty tough to be a go-between if you never speak to them. Or, does he just mean he does everything by e-mail, which I guess isn't talking in the exact sense of the word.

Edited: 06/26/2010 at 08:08AM

Jon Holdman, Flying Phoenix LLC

Arlene Eckert

· Northern New Jersey

43 posts
78 Influence

Icon_minipost May 04 '09, 10:23 PM

I am part of DC Fawcett, I am asking for a refund. Seems to be a great program BUT I need someone I can talk to or email and get an answer. With DC you email your question and than have to wait for the conference call twice a month to get an answer. Found that a little frustrating.

While looking for an answer I came across someone who would actually talk to me and I am not even in his system yet.

I've also been told to join a local REI group and I did. Between this site and a local RE group don't know if you need anything else..

Best of Luck

Edited: 06/26/2010 at 08:08AM

N/A N/A

Real Estate Investor · Select a State

28 posts
70 Influence
1 Award

Icon_minipost May 05 '09, 07:03 AM

Jon,
I believe what Blake is saying is that Nathan has been able to set up a system to outsource everything. I have not personally purchased his course, however a good friend and experienced investor has it and has given it good remarks.

Edited: 06/26/2010 at 08:08AM

Robert Baer

Real Estate Investor · Salisbury, Maryland

3 posts
37 Influence
2 Awards

Icon_minipost May 05 '09, 07:13 AM

Hey Arlene, Thanks for being honest about DC Fawcetts program. I agree with you that it sounds good but you need quick communication to get things done. Since I made that post, I've joined facebook (I know Im way behind the times) and I've made a large network of "friends" and the information is great (and free)
:D

Edited: 06/26/2010 at 08:08AM

Blake Copeland

Real Estate Investor · Austin, Texas

76 posts
352 Influence
2 Awards

Icon_minipost May 05 '09, 12:30 PM

Sure here's how it works in a few sentences... He has 3 key members of his team. The agent who handles the A to B transaction. He has a negotiator, and he has a BPO agent that he uses to go meet w/ the banks BPO agent when they go to the property.

Nathan gives a cut of the spread to his negotiator and a bonus to his agents. H epays his BPO agent a set fee per deal. His program is designed on HIGH volume. He will do a bunch of deals that he makes 15 to 20k on VS a couple where he makes ALL the profit.

He outsources everything. Each of his team members has a specific role in the transaction. He doesnt talk to the bank because his negotiator does this. He doesnt collect hardship letters and any seller info on the A to B because his agent does this. Many agents frustration is in attempting to work the transaction on the A to B side as well as the B to C side of the deal, AND deal with the bank negotiations. Nathan has eliminated the need for agents to do this so they can focus on selling.

Lots of people ask, well what if the spread isn't large enough for him when the short sale gets approved?? Answer... he values his relationships w/ his agents so he lets them go forward w/ it anyway and collect their commission. This works because he does so many deals ((he personally has over 100 in process at any given time)) it doesn't matter if he makes little to nothing on a few.

He files a notice of option right off the bat, this helps with the 90 day seasoning when it is flipped to his end buyer. I can understand how it doesnt make sense that you would never tal to the seller. He is able to do this because his team is trained to know EXACTLY what his criteria is for deals. He only does this in the Tampa market too.

Sorry for the long response, that's the best way I can explain it though. Have I closed a short sale yet?? No, i'm still building my team. I know he does this though everyday, and is quite successful at it. Hope that helps clear it up a little better.

Edited: 06/26/2010 at 08:08AM

Stephen Moore

Real Estate Investor · america

198 posts
1045 Influence
4 Awards

Icon_minipost May 05 '09, 01:02 PM

if i were a betting man i would also purchase nathans cours,he was also once preston ely's roomate he also came from the ground up in this game and is not reaping his rewards averages good money monthly and how i know this is because i've spoken to him a few times as well on a social networking site,you all should hit him up he answers his own emails as well

Edited: 06/26/2010 at 08:08AM

Glenn Freeman

1 post
4 Influence

Icon_minipost Jun 11 '09, 02:36 AM

Regarding DW Fawcett: I like the theory of his system because he puts up all the money. The trick is: You have to have funds into escrow for 24-48 hours, then a check is cut to you. But these deals are in excess of $250,000.00 ...I don't have that to even borrow short term. Is there any other way to do it?

Edited: 06/26/2010 at 08:32AM

Dennis Treacy

Real Estate Investor · Philadelphia , Pennsylvania

81 posts
934 Influence
2 Awards

Icon_minipost Jul 28 '09, 11:24 PM

Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

Edited: 06/26/2010 at 09:09AM

Tony Walker

Real Estate Consultant · San Francisco, California

94 posts
711 Influence
3 Awards

Icon_minipost Aug 08 '09, 06:57 AM

Originally posted by Robert Baer

Hey Arlene, Thanks for being honest about DC Fawcetts program. I agree with you that it sounds good but you need quick communication to get things done. Since I made that post, I've joined facebook (I know Im way behind the times) and I've made a large network of "friends" and the information is great (and free)
:D

Did you ever join DC"S program?

Edited: 06/26/2010 at 09:17AM

Karen Parker

Real Estate Investor · Tampa, Florida

456 posts
2218 Influence
5 Awards

Icon_minipost Aug 08 '09, 08:11 AM

Originally posted by Dennis Treacy

Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.

Edited: 06/26/2010 at 09:17AM

Dennis Treacy

Real Estate Investor · Philadelphia , Pennsylvania

81 posts
934 Influence
2 Awards

Icon_minipost Aug 10 '09, 12:12 PM

Originally posted by Karen Parker

Originally posted by Dennis Treacy
Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.

Karen,

In stating one has to be one of his students, I am not wrong. DC will not do a deal with you unless you are one of his students who has shelled out $5000.
He will not allow you to use his business team.

The A-B transaction is not a problem there are plenty of lenders willing to lend millions of dollars for 3 points for an hour or so. DC's system includes the use of his loss mitigation negotiator as well. I have negotiated and closed on short sales, the negotiation process is time consuming and frustrating.

DC's system is a good one, for free he will give you his letter to send to real estate agents. I would suggest to any one who is interested in working with DC to send out his real estate agent letter. See if you get a response, and see if you can get an agent to bring you a million dollar house to short. If you get a million dollar short sale offered to you then make contact with DC.

Edited: 06/26/2010 at 09:18AM by Dennis Treacy

Tony Walker

Real Estate Consultant · San Francisco, California

94 posts
711 Influence
3 Awards

Icon_minipost Aug 17 '09, 11:14 AM

Originally posted by Dennis Treacy

Originally posted by Karen Parker
Originally posted by Dennis Treacy
Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.

Karen,

In stating one has to be one of his students, I am not wrong. DC will not do a deal with you unless you are one of his students who has shelled out $5000.
He will not allow you to use his business team.

The A-B transaction is not a problem there are plenty of lenders willing to lend millions of dollars for 3 points for an hour or so. DC's system includes the use of his loss mitigation negotiator as well. I have negotiated and closed on short sales, the negotiation process is time consuming and frustrating.

DC's system is a good one, for free he will give you his letter to send to real estate agents. I would suggest to any one who is interested in working with DC to send out his real estate agent letter. See if you get a response, and see if you can get an agent to bring you a million dollar house to short. If you get a million dollar short sale offered to you then make contact with DC.

Can you send me that letter?
I have a agent that will give me his highend SS deals,
because he doesn"t want to do the SS nego. :D

Edited: 06/26/2010 at 09:23AM

Lafi S.

Wholesaler · North Jersey, New Jersey

213 posts
982 Influence
3 Awards

Icon_minipost Aug 26 '09, 06:53 AM

I would be interested in that letter too Dennis, would you be able to pm to me?

Thanks :)

Edited: 06/26/2010 at 09:30AM

Karen Parker

Real Estate Investor · Tampa, Florida

456 posts
2218 Influence
5 Awards

Icon_minipost Aug 28 '09, 07:36 PM

Originally posted by Dennis Treacy

Originally posted by Karen Parker
Originally posted by Dennis Treacy
Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.

Karen,

In stating one has to be one of his students, I am not wrong. DC will not do a deal with you unless you are one of his students who has shelled out $5000.
He will not allow you to use his business team.

The A-B transaction is not a problem there are plenty of lenders willing to lend millions of dollars for 3 points for an hour or so. DC's system includes the use of his loss mitigation negotiator as well. I have negotiated and closed on short sales, the negotiation process is time consuming and frustrating.

DC's system is a good one, for free he will give you his letter to send to real estate agents. I would suggest to any one who is interested in working with DC to send out his real estate agent letter. See if you get a response, and see if you can get an agent to bring you a million dollar house to short. If you get a million dollar short sale offered to you then make contact with DC.

I guess you missed the point. Who said you have to do a deal w/ DC? I am not forking out that kind of cash. I'm in this business to make money, not spend it. There are plenty of negotiations firms out there and many transactional funders and none have cost me the total of $5K to use them. It's also a pain in the neck to find a realtor to work with you. And although DC's system focuses on high end properties, you don't have to use it for just that. Think outside the box for God's sake! That's what's wrong with the sheeple today. They can't do anything but what they are told. All I'm saying is take his techniques and use them to your advantage. Like all gurus, he has something to offer and its to your advantage to listen. He didn't get where he is because he doesn't know what he's doing.

As for that letter, he gave it out to anyone that was viewing his seminar on short sales and I haven't looked in a while but there was a link to it in his blog on Facebook.

Edited: 06/26/2010 at 09:32AM

Tyler H

Real Estate Investor

35 posts
205 Influence
1 Award

Icon_minipost Sep 30 '09, 03:19 AM

I wonder if you can point me to some of the good negotiators and companies who will charge 3 or 4 points for a day or 2 to fund transactions? Thanks in advance

Originally posted by Karen Parker

Originally posted by Dennis Treacy
Originally posted by Karen Parker
Originally posted by Dennis Treacy
Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?

Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.

Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.

I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.

Karen,

In stating one has to be one of his students, I am not wrong. DC will not do a deal with you unless you are one of his students who has shelled out $5000.
He will not allow you to use his business team.

[b]. DC's system includes the use of his loss mitigation negotiator as well. I have negotiated and closed on short sales, the negotiation process is time consuming and frustrating.

DC's system is a good one, for free he will give you his letter to send to real estate agents. I would suggest to any one who is interested in working with DC to send out his real estate agent letter. See if you get a response, and see if you can get an agent to bring you a million dollar house to short. If you get a million dollar short sale offered to you then make contact with DC.

I guess you missed the point. Who said you have to do a deal w/ DC? I am not forking out that kind of cash. I'm in this business to make money, not spend it. There are plenty of negotiations firms out there and many transactional funders and none have cost me the total of $5K to use them. It's also a pain in the neck to find a realtor to work with you. And although DC's system focuses on high end properties, you don't have to use it for just that. Think outside the box for God's sake! That's what's wrong with the sheeple today. They can't do anything but what they are told. All I'm saying is take his techniques and use them to your advantage. Like all gurus, he has something to offer and its to your advantage to listen. He didn't get where he is because he doesn't know what he's doing.

As for that letter, he gave it out to anyone that was viewing his seminar on short sales and I haven't looked in a while but there was a link to it in his blog on Facebook.

Edited: 06/26/2010 at 09:53AM

← Previous 1 2 3 Next →