Anyone else go to the freebie in Torrance, CA yesterday? I left after about 3-1/2 hours, losing out on my "free gifts" in the process.
Scott himself was not present, of course. One presenter "Trent" provided some very basic strategies about a few flip concepts. Scary to see here that the "additional training" is in the $40K range...yikes.
What really confused me was their "no credit" loan process. Trent said that if you can't find a buyer for your flip house, you can "walk away." What kind of "loan" is that? Seems like hard money. Does your credit get wrecked or are they basically turning the students into prospectors to dig up distressed sales which the Partnership then snakes for themselves?
The tax liens were interesting, but it had a $1,500 "membership" for access. The presenter was one of the slickest guys I have ever seen. I was just marveling at his manipulative presentation style. I just looked up my 401K. I've been doing 12.52% since 2009 with pre-tax dollars, so I don't know if an 18% lien beats that.
Updated: 09:58AM, 02/09/2014
A very useful review that I just found, consistent with my experience:
Updated: 10:01AM, 02/09/2014
I would be pissed if I paid $2,000 for a three-day sales pitch for $40K worth of "mentoring"