Lender · New York, NY · Member since 2014 · 76 posts · 49 votes
Has anyone sat through the entire Connected Investors latest webinar? There are some big claims made in the teasers and wonder what the deal is.
I gave up 35 minutes in after it started to smell too much of sales pitch and got distracted by other things. I'm curious to know if anyone sat through the entire thing and can share with the BP community the cliff notes.
Interesting and informative lead. Thanks for posting. I too have sat through the webinar and was intrigued. I am new to BP and was interested in your thoughts and feelings. It seems like the next evolutionary process with the explosion of the internet and networking which would lead to some significant advantages. I agree the price tag is high (would be worth it if it actually delivered) but there is a need for a quality tool that investors could use to streamlining the process. I only wish there was someone on here that actually purchased and used the product to give an actual fair assessment not just opinions. Is there anyone out there who has used it and continues to use it?
There isn't nearly as much buzz on this forum as I expected considering they claim to have 100k+ users of their networking platform. Surely there is some crossover between BP...?
If you make it all the way through, I'd appreciate you sharing what the cost is.
Does anyone else have any experience with their new launch?
Thanks!
Matt
I know to sign up it's free but once you're on the platform you are at a Dashboard where you can purchase each app separately or you can purchase the entire system which they call the pro version that includes all apps at about $1497 or you can break that up into 3 payments $597.. You do have access to properties, community and presentations for other apps. However, the concern I had the most was the information delivered, how accurate is it? For example : There is a Memphis property listed for $13000 on there site.. One of their members is listing it and claiming he is the contract holder.. I am from Memphis Tn. myself and I had just visit the same property and spoke with the guy whom actually own the property. He states there is no contract on the property and never heard of person who claims he has a contract on it. Also, the owner let me in the property to view it and inform me what work needed to be done and what he was asking for it which was $8500.. (Interesting).
They need some work on their search function. Searching on "NC" matches MuNCie, IN and Branch, GA. And lots of sale dates before the listing date. I guess they just show all properties (available or historic) to make the pages look more full.
Gotta love it. Straight from a listing... but I guess we could see this anywhere (including BP)...
Monthly Rent: $650 Net Operating Income: $7,800 Purchase Price: $64,900 Cap Rate: 0.12%
Do any of you, who listened to the webinar, remember what the return policy was? I was pretty sure they said 60-days and then I confirmed it on the phone when I bought. Two weeks ago, I got a Terms & Service Agreement in my email asking me to sign and return. This T&S had a 14-day cancellation policy!!!! Obviously, I did not sign. I could not find anything useful in Connected Investors (neither investors nor deals nor leads) in the areas around me. However, when I tried to refund they quoted 14-day policy .. then said they had a 30-day policy until Oct-2014. The Buy page never showed 14 day return policy as it now shows .... Anyone have any suggestions!
Thank you all for your feedback. I was pitched on this by a webinar too, I could not stay for the 2+ hours, I made a note to come back and check it out, after reading BP I'm going to pass, it's too high of a price.
The tools look like they might be useful at $49 per month...maybe, if the facebook tool is not online I'd say $29 a month. The rest of the "bonuses" are built into BP Pro level.
That leaves over $1000 for direct mail...much better use of my funds ;)
What I have been doing with all these webinars to save time and money respond to the email and ask how much does it cost up front. Then decide rather I'm willing to pay for their services. The ones that don't respond to my question answers my question with a no response.
99 percent of these webinars are sales pitches. I don't have time for a 2 hour sales pitch.
If you hang in there for the full 1:45min. First 27 get it free for a year..WOW, I actually read through all these posts on this subject while listening to the very long webinar. NO DOUBT.....Thanks for all the input here. $1497... No wonder this guy can afford to vacation for 2 months. Would love to hear some testimonies of this program since it is revolutionary. I guess affiliate marketing must be powerful because I would not have bothered viewing this webinar if it was not endorsed by someone I follow closely on real estate and value much of what he puts out on his emails.
Initial impressions of Connected Investors is the speaker is a blowhard stating the obvious with a few stats thrown in to legitimize his knowledge, but as some have commented here, the red flags are "we are the world's largest Real Estate Investor website." Pure BS. I know and use systems that actually work and no claims of size are made, nor should they. But when this speaker, who's name escapes me since I jumped into the webinar a tad late, but when he talks about his wife, traveling through Thailand, other personal details, irrelevant dribble about Sy Sperling and Hair Club For Men and throws around words like "I want you guys to get excited about........do you have the passion.....he's attempting to use his "motivational" hyperbole to get you to the end-game, buying Connected Investors platform for a ridiculous $1,497. "What's your next move?" Are you happy with last years results?" What are you going to do. Are you going to put your head in the sand," and other insulting dribble---forget this guy and this company. " I think I can help you; in fact I know I can help you." Real Estate Riches Program has the latest innovations. It's all here -"One Click....." Today you have all the money you need; your network is growing; you have all the tools you need--technology, Wall Street have changed the game (citing one example, Zillow's purchase of Trulia, in my backyard, for $3.5 billion -is irrelevant to your needs).
"No more........getting stuck, wallowing in doubt, self-pity....." OMG, this guy is rich! What a load of blowhard comments.
They do not have the depth of experience others do and their claims are quite simply spurious. If you live where I do, you will find zero, not one property to buy, using their system (BPO's & Comparative Market Analyses you can easily get on a property YOU find and the list of funders is indeed limitless. So funding or getting the cash is not the problem, it's finding the right property at the wholesale price point that makes cash-flow sense.
Will some benefit from this program? Possibly, but they will have to work at it, so it's far from fully automated. " No more boring courses....." Really. I'm bored just listening to your over-the-top hyperbole, ridiculous claims and "having others do all the work for you...." Really?
Good luck if you take Connected Investors seriously.
I just sat through the webinar/sales pitch. I thought it was BS about 5 minutes into it but I couldn't resist lol. All these gurus use damn near the same pitch every time.
Posting this link for future reference. Save yourself the sales pitch just go to straight to the site below to see what they're selling. I've chosen not to purchase this system. However, I'd love to hear from anyone who has it. Good luck in your investing either way!
ALL THE REAL ESTATE INVESTORS IN TOWN (MONEY & BUYERS)
There is an "Apple like" software that allows you to find, fund, and flip houses all from your phone or laptop. And that platform includes advancements like crowd-funding and deal syndication to institutional investors.
You can skip the hard work and connect directly with asset managers and get some hot deals at the end of every quarter.
You can get top-notch, professional lead-generation websites built for you in seconds.
I know it is a lot to sit threw, but there is a lot offered and available.
I sat through the entire presentation. And I must say that I was fairly impressed with the ability of the "so called apps" to streamline the core areas of my business. Those being; finding solid off market deals, and getting those deals out in front of interested investors who buy (wholesale), or real private lenders who are actually lending money (flips).
I've always been told you must be willing to invest in your business if you want to be successful. There is a lot of back and forth on wither this is a solid investment or not. At the first, I saw value in it's promise and purpose, but now I'm kinda on the fence as to it's value in the actual use of it.
Everyone I told about it asked about the charge for the BPO, because that was a big part for me.
I had to respond that I initially thought it was included in the cost, because they made it seem as though the person doing it was somehow affiliated with Ci, and did it as a means of generating leads on potential business. I suspected that maybe there was limit on how many you could get per/month or year etc. before a charge would kick in.
Although I really wasn't sure. I think it's a little more than suspect that it wasn't covered in the presentation more thoroughly. Makes one wonder if there are other undisclosed costs associated with the program.
Either way, I really appreciate you guys here on BP for the varying viewpoints and opinions you express. They really helped to give me a clearer picture of the service, and dissipated that sales pitch afterglow so I can really see what they're trying to sell me.
For now, I think I'll just keep cave-manning my way through. Speaking of doing things the old fashioned way, has anyone done business with Principle Capital Lenders before, and if so, how did it go?
I've met Ross before. Nice guy and his heart is in the right place. I'm not here to judge character though. That said, I have been in RE for almost 20 years and my biggest peeve in this industry, outside of crooked thieves, and BS, is the Guru or Pay-to-Play system.
Henry David Thoreau has a very prescient quote when it comes to the Guru and Pay-to-Play System in RE: "I say, beware of all enterprise that require new clothes, and not rather a new wearer of clothes."
I agree with that sentiment. I inherently trust the goodwill and character of new investors over that of a self proclaimed "expert" or a system built to bilk said new investors out of their money for "education".
Personally, I've put in almost 20 years into RE and there is no way I am going to teach you everything I know. I earned it by working my through the industry and investing my career and personal life into it. Anyone that claims they will do this should immediately register on your BS meter. I don't think CI is BS by the way. So I don't want to project that. But if you want to be connected to off market deals and bulk deals, then hit up BP and email someone like me and then use the $1495 to order some property inspections and/or BPO's (real BPO's, lol), take your significant other out for dinner, and keep the remaining $1k in your bank account. Unless you like really nice dinners, then go nuts. There are enough people out here who will connect you to product for free because in the end your success and ability to come back to the table keeps this whole thing afloat. Not my ego.
Buyer beware is always a good rule of thumb. And when it comes to spending money, dare to invest that on yourself and not so a tech company can pay off the $7,000 conference table in their office.
I joined for the 1500. There is a monthly charge for the DealInSite web pages which are limited and clunky to modify. After paying to get in I find the mantra is "There's an AD for that" until I wonder what my entry price bought and what is pay-to-play. I guess I just bought access to the pay apps for a year, that's all. Told them I was unimpressed, especially with the bad English in their web content, and they stopped the annual renewal and seem to be honoring my free year of DealInSite use. Guess I'll have my final judgment in 10 months.
They have a SEVEN-DAY period to cancel without billing, after that the 1500 is GONE. I also found fake ads in their marketplace. It ticked me off there was no way to block offending members from my searches.
You folks have more patience than I do. I just sat through half an hour of Ross Hamilton's presentation, waiting for even the tiniest nugget of actual information, but alas, all that happened is his rapid-fire staccato voice repeating the same hype and drivel just drove me up the wall and I had to exit out to save my sanity.
I'm glad to know I clearly am not missing anything.
Ok So i just watched the full webinar 2 years later and there are some changes, the Webinar is only about an hour and 10 mins or so. It gets very direct to the point and I hope I am speaking about the right one but its called Connected Investors and they have a tech package called "ReallyFlip Now that includes Deal Dog, Property Syndication, Evaluation App, Contract Genie, Fast Formulas, The Contract App all for $297 and then $37 per month. It supposedly does just about everything for you and has contract for all 50 states, deal dog finds all of the good deals by the sellers, it analyzes, does the comps, the formulas to find the ARV , find buyers and you can make offers and so forth within the same application. I plan to purchase it at that price and will let you know how it goes. There is also a 30 day money back guarantee. So basically they state as soon as you purchase it you can begin getting deals......I sure pray it works because it sound extra good....