John T Reed.. Should we believe what he writes because he has not done a deal since 1989. Its easier to sit in San Francisco and complain about the guru's when he has not done a deal since then. What are your thoughts?
Real Estate Investor · Chicago, IL · Member since 2008 · 1k+ posts · 218 votes
18y
Some of JTR's stuff hits the nail on the head, other is just comes across as so extremely "whiny". You must remember that JTR also sells stuff on how to invest.
I would suggest to look at JTR's reviews to see if there are blatant lawsuits and obvious scams, but ignore the commentary on it.
Oh, one more knock on JTR, according to his own BIO: http://www.johntreed.com/Aboutauthor.html
The man hasn't bought a piece of property himself since 1983, only currently owns his own residence. So yeah he is a guru you would want to trust. I mean 25 years since he has purchased a home, not much has changed right? ha ha ha
I don't even read his stuff anymore he is way too negative. I mean he rates his mother as positive guru!!! The more people talk about him the more we give him importance. WHo cares what he thinks!
St. Louis, MO · Member since 2008 · 25 posts · 0 votes
18y
HA HA! He is a little negative, but it is hard to say if he has a chip on his shoulder or not. I guess the more you can relate to a person the more you understand where they are coming from, I personally can not relate to him so I do not see his point of view.
Real Estate Investor · Chicago, IL · Member since 2008 · 1k+ posts · 218 votes
18y
Some of JTR's stuff hits the nail on the head, other is just comes across as so extremely "whiny". You must remember that JTR also sells stuff on how to invest.
I would suggest to look at JTR's reviews to see if there are blatant lawsuits and obvious scams, but ignore the commentary on it.
Oh, one more knock on JTR, according to his own BIO: http://www.johntreed.com/Aboutauthor.html
The man hasn't bought a piece of property himself since 1983, only currently owns his own residence. So yeah he is a guru you would want to trust. I mean 25 years since he has purchased a home, not much has changed right? ha ha ha
Wholesaler · Largo, MD · Member since 2008 · 98 posts · 11 votes
18y
he comes across to me as a grumpy old man. ive read his reviews and while some are dead on accurate, others are way off base. some of the people he's panned are actually legitimately good investors.
Real Estate Investor · Las Vegas, NV · Member since 2008 · 120 posts · 1 vote
18y
You know, it's easy to be a critic. :violin:
(Just like it's easier to come up with a million reasons why you SHOULDN'T do something and thus procrastinate, rather than just get your butt in gear).
Real Estate Investor · North Carolina · Member since 2008 · 1k+ posts · 483 votes
18y
Back many years ago, Mr. Reed was endorsed by Jane Bryant Quinn. When I recently discovered that, I bought a couple of his books and liked them. So I bought a few more. And for the most part liked them.
Now, I'm a voracious reader with a constantly growing REI library and count a book worth the price if I learn just one useful thing.
He is definitely not your 'rah rah let's all get rich' commentator, and I like his 'curmudgeonly' attitude in that it serves to give me added perspective.
If you want one yardstick to judge him by, consider that his newsletter costs $125 a year and I believe he has well over a thousand subscribers. He calls that 'scalability', and if I could sit at my typing desk and generate that kind of dough I would gladly dump all of my rental properties.
To add insult to injury, he characterizes real estate management as very low-paying considering the time and risks involved. I agree, but until I experience an earnings epiphany and find my own 'scalable' career, I will continue to do real estate and be happy being my own boss.
Real Estate Coach · Oakton, VA · Member since 2008 · 695 posts · 43 votes
18y
The beauty of this country is that anyone can voice their own opinion-and we all know what people say about opinions.
I have looked over Reed's page and of course some of the things he says are true, but many of the gurus he rates negatively, are in fact good honest real estate investors.
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y
Anyone can create a website. Anyone can post an opinion. The opinions of people who aren't selling their own real estate systems/courses/books mean much more to me then those of people who are looking to profit by selling their own materials.
Many people might say that there is a real conflict of interest . . .
Real Estate Investor · Chicago, IL · Member since 2008 · 1k+ posts · 218 votes
18y
James interviewing John Reed, wow... I would love to just watch the fireworks on that one. Be sure to record it if you do James! That would be a great listen.
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
18y
James -
That would be REALLY interesting! If you're volunteering, let me know . . . we can talk about a few details that might make it worth your while too!