REACT Real Estate Team
I don't know this company, but I'll share these opinions with you.
There are no secrets in Real Estate Investing. It's a business. You can find (almost) all the information you need here on BP, although some of it may not be easy to find.
This is where educators come in. They basically curate information that already exists in a way that makes it easier to absorb.
I think it's legit to pay up to $100 for books (usually 20-30 is plenty) and anywhere between $200-1000 for a course if this will help frame real estate investing for you in a manner that makes sense to you or if you are looking to learn a specific skill (deal analysis, finding comps, financing deals, estimating rehab costs, etc).
Anything beyond this is them taking advantage of your sense of insecurity or unfamiliarity.
hey,
Can I get better and affordable property deals there?
Angela, like any guru type program or teaching program you get what you put in it. If you pay $1,000 for a training of some kind and get one sentence out of it that earns you more than $1,000 you are ahead of the game! REACT (yes I am also and affiliate for them) is really pretty simple, find a nice FSBO, get and agreement (contract) on it, market it for a profit and hopefully sell it. They just teach you how to do this and supply the agreements, info, list of do's and don'ts etc. What I like about it is I am not competing against all the other investors out there looking for the best lowest priced wholesale or fix and flip etc out there. Rather we are looking for FSBO's in good condition, meeting the seller price or hopefully lower than current market, then advertising it and hopefully selling it for a profit. Our biggest competition is retail buyers looking for a home. If the seller finds one while you have your contract in place then good for them, let them sell it and you find another one. With REACT hopefully you have 10 or more under agreement at any one time anyway. OK I am rambling. If your still interested and have questions or want to visit feel free to contact me. check it out and make sure it might be something for you before you buy. Thanks, I hope this helped, jeff
Hello Jeff;
I am also interested in the REACT concept. As with Angela B., I am interested but I am concerned about being able to find a buyer out there. I had problems in the past where I had contracts and buyers would flake on me. I can get the FSBO's as long as I knew the parameters the buyers needed and would love to put properties under contract. My wife and I make a good team, we just have burned so much with flakey buyers. Any suggestions
BTW, if we had a good source of solid eager buyers looking in the PACNW we'd love to work with them and get all the FSBO's needed to assist them in achieving their goals as well as ours. I just don't want to get burned again!
You won't get burned if you follow the directions. You will spend way to much if you don't follow directions. Understand ahead of time that you will not sell all of the properties you contract. In fact you more than likely won't sell the majority. Contract all you can using $10 and the right clauses in the Agreement so you can be released when it doesn't sell. Sometimes we use a standard contract and other times and option. Market market market each of the properties. You will sell some. As a note yes you must be sure you have enough profit to pay advertising costs, closing costs, etc. and make a descent profit. Your usual buyer will be someone wanting to live in the property. Some buy and hold buyers may also purchase. REACT is not for and investor who in only interested in one or two properties at a time. It is a numbers game, contract or option all the FSBO's you can while constantly advertising, showing, and selling.
Jeff
This a very simple process as you described , so what is the big deal and, where is the system they are talking about ? he claim
Has buyers list , foreign buyers, marketing system ....
trained VA to get leads under contract , SOUND AND SMELL LIKE FRAUD
WHY ? no money back guarantee, no trial period, no showing what is his system if he has one ....
they sell something without tell what is it .........what kind of illusion are they selling t the most desperate people . few minutes ago I spoke to a guy his name ED and this guy hang up on me , why because I told I want make that if I discovered after 1-3 months of joining in that you are not doing your part as detailed in your system ( closing deal with buyer with seller, and finding buyer and closing deal ) then I need to be off any financial recurring obligation . the Guy HANG UP ON ME ( his name ED) .
NO replying to email inquiries only the old fashion way as ED call it we are old fashioned and we sold 3000 houses which is same claim a year ago , 2 years ago as if never sold another houses past the 3000 2 years ago.
plug in and profit , talks.......but no verification for anything.
Originally posted by @Bram Spiero:
I don't know this company, but I'll share these opinions with you.
There are no secrets in Real Estate Investing. It's a business. You can find (almost) all the information you need here on BP, although some of it may not be easy to find.
This is where educators come in. They basically curate information that already exists in a way that makes it easier to absorb.
I think it's legit to pay up to $100 for books (usually 20-30 is plenty) and anywhere between $200-1000 for a course if this will help frame real estate investing for you in a manner that makes sense to you or if you are looking to learn a specific skill (deal analysis, finding comps, financing deals, estimating rehab costs, etc).
Anything beyond this is them taking advantage of your sense of insecurity or unfamiliarity.
There are no secrets in Real Estate Investing? Really............? I don't know your definition of secrets but there are plenty. The whole business is secret. Not everyone knows about, to begin with.
I had many aha moments attending various seminars. There are many genius out there that are out of this world. Mindbenders. People literally drop their jaws to the floor in shock and awe while listening to great ideas. Maybe you count great ideas separate from secrets.
There are plenty of secrets out there to increase your odds and adding new arsenal. At the end, it is almost always your performance. I saw too many people pay $50,000 and never even went through the whole course and never even try to do anything in terms of marketing.
I spent over an hour talking yesterday afternoon and again this morning with "Ed" (Reed) and he's a very personable, knowledgeable and and intelligent guy. (That said, there is no "visible" profile for him that I found (granted, Ed Reed is a common name) even when adding "team REACT" and Naples, Florida, etc.) and I only see a single "complaint" on Rip Report, which can (as does routinely) happen to almost any business, doing any "volume." It sounds to me like Ed, Jon and Stephanie Iannotti and Ron Legrand go back a ways (i.e. the year 2000, ish?) and I must say I AGREE with most everything Ed stated in over an hour of conversation, but as to what one receives in way of knowledge, tools and "mentoring" should be clarified here by someone who invested $2500. into the program, and APPLIED IT... in addition to Jeff Schwartz, who is currently or definitely has made their money back, in spades.
Their approach sounds very similar to what I already have outlined... That said, Ed (and Jon, in videos) made a pretty solid case for the fact that "what worked WELL even a year ago (i.e. at any point in time along the continuum...) "may (to a large degree) no longer apply in today's ever- changing marketplace..." He went into a fair amount of depth to support their current approach, vs. attempting to do "seller financing," buying "subject to," etc. when the market has "shifted" from what worked say two or four years ago, since it's now a "seller's market" again. (i.e. And consequently, the "buyer" base has also shifted, to a considerable degree...)
I'm a pretty good (intuitive) "judge of character," so I can't speak to the "mentoring support" (a highly subjective topic, to be sure...) but unless Ed and Jon are just "really slick" salesmen, I don't know WHY they would go out of their way to say they aren't "gurus," and only charge "one time opt- in" fees vs. the near CONSTANT "upgrades" (although I do see something very similar to Legrand's approach, on an older website that's still up, with Silver, gold, platinum, etc. type of "mentorship programs) and HOW exactly are they (otherwise) making "residual money" if NOT by helping others "do deals" and then taking 50% of the IGP??? (Vs. selling a $2500. program, ONCE...) My "impression" after talking at some length with Ed is they are now DISTANCING themselves, from this type of GURU marketing... and FOCUSING on "doing deals" vicariously through others, for a "win- win?" If that ISN'T how someone else's experience has played- out AND you can SUBSTANTIATE IT, then I'm all ears??? ATB :-) Scott
In regards to Ed and Jon etc and their React program seems most all of their advertising is geared around your buying the program, finding the right property and getting a contract on it, and then turning it over to them to sell. And yes they do that however, the real program is teaching you how, by steps, to contract on FSBO's that are priced near their true value, market them, and sell them yourself. So like all so called guru's you spend the money for the program and you will either, 1) do nothing after receiving it or 2) follow their ad's and send them properties that qualify, or 3) add their methods to your bank of knowledge and do it yourself. Either way you receive additional education to go along with whatever real estate, sales and marketing, and people knowledge you already have. If your a professional you know that you should be continuing your education thus the React program can be a system to work in itself or a very low priced additional bank of information to add to your knowledge base. I bought it, used a very little, and am very satisfied with the information I gained from it. Just my thoughts folks. PS: LaGrand has been around very successfully for over 30 years and has a ton of good solid information available also. Granted he is a super salesman at promoting his courses but you will get a good investor education from him also.
@Jeff Schwarz Hey Jeff,
I actually just sent you a BP email, then recalled that I also commented on this thread, several months ago... as did you. I'm trying to discern how the REACT (reverse engineered) version of the ACTs program (I'm familiar with LeGrand's repackaging of ACTS, as well as Joe Crumps and others "cooperative" LO approaches, which all appear to be, quite similar) differs, and how one is able to find (85%) "cash buyers" for these homes... which sounds more like what Home Partners is doing (i.e. buying, then LOing them out) vs. say the LeGrand and Ianotti's, ACTS program? (i.e. How can one mostly resell homes for CASH, unless there is a institutional buyer(s) and/ or foreign investors, doing so???) I myself am planning to target cooperative lease options, collecting 2.5- 5% or so down, then moving on... unless this is a better approach?! (Then switch to buying subject to, etc. and reselling mainly via lease option, after the next "market correction..." when it's again a "buyer's market," and terms are back IN DEMAND.)
And (based upon your comment here...) if what they're doing is securing a "non binding" agreement to simultaneously market and advertise FSBO, etc. properties, then marking them up another 5- 10%... who the heck is paying that much more for a property currently advertised FSBO for considerably, less?? And why would a seller agree to do so?? (Also, if 80%- 90% of FSBOs don't ever sell... then there really isn't much "competition," nor many "showings???") ATB :-) Scott
They work very well. The biggest thing to me was they would negotiate and the buyers For a split. I get tons of deals brought to me. At first i was skeptical, therefore, i brought a deal to a friend who was new to program in exchange for a percent of his profits. I spoke to homeowner i knew lowest and saw appraisal, very good deal. Allowed me to test program and if it worked i could use some of money I made from friend to purchase program. Rather than me going on here to listen to peoples opinions thus changing my mind like many lol. The answer is always books and cd's lol. I knew a friend and saw through him. I got paid I was in lol. Some buyers paid over. Some buyers I got on my own . I am very happy. I am cheap anything over 200 bucks I am skeptical lol.
i see many are confused on why a cash buyer would pay full price. In realestate people are taught a cash buyer pays cash to get the best and lowest price. Well obviously it depends on the deal, like team react mentions properties that are appreciating is one way. There are many parts of the country where property values are booming. 2nd reason is if you can pay cash for a house you eliminate having to get a 30 year mortgage like people do thus not having to pay all the interest, which is why people take forever paying off a home. Keep in mind all cash buyers aren't investors..some are normal home buyers that dnt want all the charges. When you pay cash you eliminate thousands sometimes more. Stuff I learned in high school lol. The interest I mentioned applied outside realestate cars etc. Sometimes it is good to understand the very basic stuff.
Michael you are correct many get these programs and dnt follow the system then get on here complaining. People some how find a way to make it difficult. I have many friends say these programs dnt work give up and throw in closet..I use it and get a deal done fast. They go huh lol. From what i see from team react training to get people interested. it is wholesaling but better than normal meaning usually people get 10k fee. In this system you can get more cause you are splitting what owner agrees and what buyer pays. Only competition it seems is retail buyers since most investors dnt pay full price. There are some in every market paying full price not hard to find. Use team react buyers and at your local networking events co wholesale with somebody with great buyers while you are growing your existing buyer's list. Hell call realestate companies they always have shortgage of inventory. Makes sense people only pay full price for fast appreciating homes and people that dnt want to deal with paying an agent or financing, saves them thousands. People just have to look at the overall big picture..
I saw where somebody said 3k still their claims. I can tell people dnt bother to listen to the short video to get people interested..some of the responses on why this that is anwered in video..the 3k is 8k now. That is what happens when people run on here listening to others rather than watch video etc, check for themselves. their system not only one I see it in others too. Answer to people's concerns right in people's faces.
they are going to do their part why wouldn't they faster they help sell faster they get paid. They get half..with what they are asking if they help do one deal you made your money back then some.
You are right jeff. if you can't at least double your money on one deal something is wrong lol. I see some posts that they want people to get properties worth 100k and broke down the split etc. He never said that he said 100k over the median house price, big difference. Reminds me of that game where kids line up spread gossip and by the time it gets to the last person gossip all messed up lol. People judgements clogs their ears lol. Then people say they just want peoples deals, not true either. It is wholesaling advanced. Regular wholesaling you get a fee usually 10k or so. In their thing the difference between what the owner agrees and what buyer actually pays is split. Usually more than 10k. I agree with people that I dnt see the program. I do like the split of the profits and the people negotiating. I get so many deals I was like I can really use somebody helping negotiate. 2k not bad for the split and the people permanently negotiating.
I thought it was cool. I had a friend who bought it. They said 48 hours as far as them calling owner's once they had all info. I sent him some leads to rest system along with a few he sent. Been 1 1/2 weeks and they still haven't called leads. Has anybody else had this problem? I dnt want to join if they aren't doing what they should. He is calling avd getting no answers on why they aren't calling. He said they even tell member's to tell homeowner's somebody on my team will be calling, but they aren't calling, not a good look. Dnt want to waste my money. They could at least call him and say sorry we are behind etc they acting like no big deal.
Yeah most dnt get enough leads to justify having somebody negotiate for them, a few a week or two if lucky. Wait until 75 plus a different ball game. I see people say no secret to realestate yet majority I talk to and see post on platforms. Lucky if they have done ten deals to their name. Small take home profits smh
You dnt have closing costs etc wholesaling unless double closing which dnt have to etc and then using transactional funding. Wouldnt make sense to double close a 10k deal cause you would have to make more than 10k to cover the costs to make 10k. What costs to advertise? You are marketing a contract not the property itself. unless closing on deal by using transactional funding. I have never spent money advertising a wholesale deal, my friends either.