My Experience with Larry Goins

My Experience with Larry Goins

Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes

Well, I almost fell for it! A couple of weeks ago, I heard Larry Goins speaking on another guru's podcast about HUD homes. I checked out Larry's HUD website and ordered the Free book with several "bonuses'" A few days later, I received the HUD book in the mail with a list of the "extras" you get just for ordering the book. Also, on the bottom of every page in the book is a notice to go to the website to "claim your bonuses." One of the bonuses listed on the front page of the website stated:

  • FREE tickets for you and a guest to my Three Day Training Boot Camp event taught personally by my team and I. 

Following this statement was a hyperlink to a Three Day Training Boot Camp in Austin, Texas on March 17 - 19.

Since I live in Texas, I decided to call Larry's Office to ask about the Austin event.  I spoke to a representative who promptly told me that this bonus was "only for events at the headquarters in South Carolina."  I didn't have the link in front of me that morning, so I waited until I got home to verify what I was seeing.  So, the next morning, I called the representative again.  He then changed his story to "that is a mistake on our website we have been trying to have changed for three months."  So I mentioned that it was very misleading and he didn't have much to say.

Later, that same day, I called the office again and spoke to a "Manager" who gave me another run around and even tried to sell me tickets to the Austin event!  I got home and looked at the site again and Lo, and Behold, it had been changed.

Points of interest:

1.  If they are going to mislead, they need to be responsible for their advertising.

2. On pages 12 - 13 in the HUD Book Larry proudly points out their Mission Statement and Core Values. My experience with the Larry Goins Group contradicts several of the points in their Mission Statement and Core Values:

I take issue with the last line of the Mission Statement that reads:

"based on ethical, moral and biblical principles."

I also see contradiction with this situation and these Core Values:

1.  We put people and principles before profits

4.  We take ownership, are accountable and challenge ourselves

10. We are humble and do the right thing

The Larry Goins Group is no more honest than any of the others.  I do not want anything special. I just want to find a company that will do what they say they will do.  In this case, I  almost fell for the infamous "bait and switch."  We can all say we make mistakes, but we are accountable for them and should take the necessary steps to correct them.  

I wonder how many people fell for the same thing?  I think at least the Larry Goins Group owes me $394 for helping them find that mistake in their marketing campaign!

3Reply
120 views

Most Popular Reply

Specialist · Lake Wylie, SC · Member since 2015 · 20 posts · 17 votes
9y

Hi Robert, This is Larry Goins. 

I just saw this online and I wanted to fix it and make it right. I also want to say that I am sorry. 

This is NOT the way we run our business and work with students. I also do NOT consider myself one of the gurus.

I could give you excuses but the bottom line is we messed up. We do and will offer tickets to our event for getting our HUD Homes Half Off book. We do charge a seat reservation fee of $97 that is refundable when you attend. This is so we can get an accurate count of attendees.

I want you to know that we do stand behind our core values but in this case we messed up. I take total responsibility and our team should have known. It is my fault. 

We are in the process of correcting the link that is in the book to make sure book owners can attend our event and will get a refund of their registration fee. 

Once again, I am sorry and I hope you will give us another chance. Let me know if there is anything else you would like me to do to make it up to you and I will see what I can do. 

I personally teach all 3 days of the event so I hope you will reconsider and we can meet in person. 

I would also like to talk to you and tell you personally I am sorry for your experience. I called the number we have on file but the call wouldn't go through. I will try again later. 

Thanks for your business and I look forward to talking to you. 

Larry Goins

See this reply in the discussion

25 Replies

Jump to latestLatest
  • Investor/Realtor · Hoover, AL · Member since 2010 · 1k+ posts · 459 votes
    9y

    @Robert Sims...Lesson learned..Most will offer something to peak interest, but due diligence necessary.  Congrats on doing your homework.  Keep it Moving!  

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    @Rolanda Eldridge...Yep...Lesson Learned!  I noticed you are from Hoover, AL!  I was born in Birmingham and still have roots there...mostly on the western side...Central Park, Fairfield, Midfield.  I am very interested in investing in that area...I have an Aunt who has lived in that area for 75 years.  Her neighborhood has some pretty nice older homes that are very reasonable for investing!  Would like to connect and learn from you if possible.  I hope to be spending some time there this summer.  Have a Great Day!

  • Investor · Birmingham, AL · Member since 2016 · 315 posts · 206 votes
    9y

    Did you know were the Central Park airport was, I lived one block from it. JP

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    I remember going to a grocery store on 52nd street Ensley with my Grandparents in the 1960's and there was a small piper cub airport at the end of the road.  Was that CP airport?  My Mom also grew up in that neighborhood...Terrace M.

  • Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    9y

    Here is the real mission statement for every RE guru: 

    "based on the principle that your money should become my money"

    They will do and say whatever it takes to achieve their mission. And to answer your question, many tens or hundreds of thousands have fallen for the same thing. Many of which have lost way more than $394, consider yourself lucky. 

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    Robert  all the on line sellers of information.. are teachers and your the student.. they sell their advice and or information.. they are not going to give it away.. although the industry has all mirrored itself

    each guru or information seller acts the exact same way.

    give something for free.. then do a 3 day training for a nominal amount

    all with the goal to sell their full package of info for whatever the market will bear.. the more successful sellers of info.. can get 30 to 50k from clients for their info.. lessor known or those with smaller marketing budgets may only get 3 to 15k.

    there is no real secret sauce to real estate.. it seems to be an industry over run with the idea that you can get seriously rich in a short amount of time.. ( which is probably hyperbole)  well not probably it is.

    you can go on E bay and buy any of the guru's written material for pennies.. you may want to try that.

    but other than that your experience is what the industry is... bait and switch high pressure sales tactics and selling the same information that has been around for decades...

    think of MLM  and how they market those companies.. this is the same back end marketing comp;anies fronting for these RE  information sellers.. same process's  they are tried and proven to work on the mass's.

  • Investor/Realtor · Hoover, AL · Member since 2010 · 1k+ posts · 459 votes
    9y

    @Robert Sims...Most definite!  Lets connect.  I sold one in Fairfield with owner financing, but Central Park and Midfield are good rental areas.  I will PM you..I'm from Birmingham..

    @John Patton..No on the the airport..It's before my time..

  • Investor · Sherman Oaks, CA · Member since 2008 · 6k+ posts · 3k+ votes
    9y

    Hi Robert,

    If you are in TX, for free, check out www.LoneStarLandLaw.com

    Attorney from Houston.

    Check out the book on the site, re TX property Law. $20 bucks or so, its on my bookshelf.

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    Thanks Brian!  Very informative!

  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    9y

    @Robert Sims Great post about the your experience. Hopefully someone on this site can benefit from sitting this and not buy into their program because of how they were misleading. 

    The McKernan Group4.954 Reviews
  • Specialist · Lake Wylie, SC · Member since 2015 · 20 posts · 17 votes
    9y

    Hi Robert, This is Larry Goins. 

    I just saw this online and I wanted to fix it and make it right. I also want to say that I am sorry. 

    This is NOT the way we run our business and work with students. I also do NOT consider myself one of the gurus.

    I could give you excuses but the bottom line is we messed up. We do and will offer tickets to our event for getting our HUD Homes Half Off book. We do charge a seat reservation fee of $97 that is refundable when you attend. This is so we can get an accurate count of attendees.

    I want you to know that we do stand behind our core values but in this case we messed up. I take total responsibility and our team should have known. It is my fault. 

    We are in the process of correcting the link that is in the book to make sure book owners can attend our event and will get a refund of their registration fee. 

    Once again, I am sorry and I hope you will give us another chance. Let me know if there is anything else you would like me to do to make it up to you and I will see what I can do. 

    I personally teach all 3 days of the event so I hope you will reconsider and we can meet in person. 

    I would also like to talk to you and tell you personally I am sorry for your experience. I called the number we have on file but the call wouldn't go through. I will try again later. 

    Thanks for your business and I look forward to talking to you. 

    Larry Goins

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    Hi Larry!

    Thank you for your response!  I totally understand how difficult it is for things to get complicated in a large business.  I understand that mistakes can and do occur with everyone.

    I work in Education and next week is our Spring Break week, so I was seeking a way for my family and I to make somewhat of a short vacation out of a trip to Austin and attend the HUD. However, we changed our plans to go to San Antonio instead.

    I am a newbie, but not naive. I am very interested in learning about the HUD market. I did see phone calls last night about the time this was written from "Private Number." I apologize I did not pick up as I was on the way to my local REIA meeting.

    Again, I humbly thank you for responding....All we can do is try to make this place better!

    Respectfully,

    Robert

  • Specialist · Lake Wylie, SC · Member since 2015 · 20 posts · 17 votes
    9y

    Hi Robert, it was good talking to you today. As I mentioned, if there is anything we can do to help you please feel free to reach out to me personally. I look forward to working with you and helping you buy some HUD houses.

    Thanks again, Larry

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    Robert,

    @greg H. is a HUD specialist in your market.. I would look him up.. I believe he has bought well over 300 of these... and in recent years.. there is NO WAY you can buy hud homes for 50% off..

    at least 50% off of opening bid.. that's a complete pipedream

  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    9y

    I hesitated to jump in as the OP seemed to have a problem with the business side than the information he provides. A couple of months ago, I happened to catch an interview where Larry detailed his program. I believe I commented on another thread. In my opinion, the information was outdated as much has changed with HUD going to a single Asset Manager. As someone who buys and tracks the bid results, I cannot not find any evidence of a property being sold for 50% off after being on the market for a few weeks(As kindly as I can put it)

  • Real Estate Agent · Brooklyn, NY · Member since 2014 · 250 posts · 60 votes
    9y

    @Robert Sims

    Thats awesome you detected a ripoff before it was too late. 99 percent of these GURUS have the same MO. Once you know it, nothing they say will have any effect on you 

  • Real Estate Agent · Brooklyn, NY · Member since 2014 · 250 posts · 60 votes
    9y

    @Robert Sims, @Nick C., @Rolanda Eldridge

    This article attests to the my point about GURUs using the same formula 

    https://www.biggerpockets.com/renewsblog/2011/04/04/real-estate-guru-scam-trap/

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    ok

  • Rental Property Investor · Sugar Land, TX · Member since 2013 · 113 posts · 27 votes
    9y

    Thanks to all!  I've learned a lot here!  Now it's time for me to take some investor action!  I live in Ft. Bend County, Texas (SW of Houston), starting off Wholesaling short term and Owner - Financing long term.  I'll be more active here!

  • Investor · West Columbia, SC · Member since 2016 · 4 posts · 11 votes
    9y

    I would just like to throw in my two cents about Larry Goins.  First I would like to say we are experienced investors who have been in the business for over 20 years with experience in buy and hold as well as fix and flips.  We have been full time for 10 years.  We paid our seat reservations and attended one of Larry's events in Oct for the sole purpose of getting a free "tune up".  We were so impressed with Larry that we spent the money to become one of his Inner Circle Members.  This was not cheap by any means, but even at our level of experience we found the investment to be well worth it.  Larry is a sincere, humble, knowledgeable and authentic person.  He more than delivered what he promised and continues to do so.  

  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    9y
    Originally posted by @Bill Johnson:

    I would just like to throw in my two cents about Larry Goins.  First I would like to say we are experienced investors who have been in the business for over 20 years with experience in buy and hold as well as fix and flips.  We have been full time for 10 years.  We paid our seat reservations and attended one of Larry's events in Oct for the sole purpose of getting a free "tune up".  We were so impressed with Larry that we spent the money to become one of his Inner Circle Members.  This was not cheap by any means, but even at our level of experience we found the investment to be well worth it.  Larry is a sincere, humble, knowledgeable and authentic person.  He more than delivered what he promised and continues to do so.  

    Good to hear you have had such a positive experience. My understanding is that his focus is providing information on HUD properties. What information did he provide that provided you the most value?

  • Investor · West Columbia, SC · Member since 2016 · 4 posts · 11 votes
    9y

    We have studied several of his courses. The one 3 day event we attended was mainly about flipping double wide mobile homes. However, the strategies he uses for double wide mobile homes works well for any type homes. We got the most value from learning to use the internet and virtual assistants more efficiently in locating our homes. I've used his HUD strategies and found them to be well done as well. I think it is all about adding tools to your tool belt and Larry not only added to the tools in the course, but continues to do so with his monthly phone sessions. As a mentor Larry helps will all aspects of real estate not just one.

  • Member since 2019 · 113 posts · 25 votes
    5y
    Originally posted by @Greg H.:

    I hesitated to jump in as the OP seemed to have a problem with the business side than the information he provides. A couple of months ago, I happened to catch an interview where Larry detailed his program. I believe I commented on another thread. In my opinion, the information was outdated as much has changed with HUD going to a single Asset Manager. As someone who buys and tracks the bid results, I cannot not find any evidence of a property being sold for 50% off after being on the market for a few weeks(As kindly as I can put it)

    Greg, completely agree with you. But I want to defend larry's theory here: He suggests bid low numbers for anything over 75 days, not on the market for a few weeks. I do not know if this is possible for get the percentage (like 25% larry mentioned), but lowball maybe work in certain HUD properties.

  • Member since 2023 · 2 posts · 0 votes
    3y

    verry good I'm so fired up and ready go please help me invest and get on with the couse

  • Member since 2023 · 2 posts · 0 votes
    3y
    Quote from @Reginald Smith:

    verry good I'm so fired up and ready go please help me invest and get on with the couse


     I called dean to day for an appointment  

Join the conversationCreate a free account to reply, vote on answers and follow this thread.