Surplus Deals explained -Spencer Vann

5 Replies

Hi everyone. I’m back again with another question in regards to a guru. I recently came across Spencer Vann and his class on surplus funds. I’ve tried looking up surplus funds and so far have gathered that it’s money the seller gets back after the house is sold at auction. And it sounds not terrible given contracts and legal. However there are major gaps for me:

1. How exactly are you getting this money? Where is it coming from?

2. Do you use a title company to get paid? 
Any other information would be helpful thank you!

It’s an old, old game....the ones making the money are the guys just selling the seminars/programs....the constant rebranding to make it seem like something new comes around every few years.  You won’t make any money doing it.

I did a review on Spencer Vann's course.  Purchased it last year.  I've been involved in the surplus funds business for about four years now.  Last year I made a little over 100k, will double that this year, so you can make money.  However, it is tough business.  Not easy to do.

Originally posted by @Nick Fullmer :

I did a review on Spencer Vann's course.  Purchased it last year.  I've been involved in the surplus funds business for about four years now.  Last year I made a little over 100k, will double that this year, so you can make money.  However, it is tough business.  Not easy to do.

 your a one percenter !!  tough is an understatement if what you posted is true and no reason to doubt you I would say you have earned it.. 

so many counties are against this practice its just tough.. it takes skill and resources to do this.. 

Originally posted by @Nick Fullmer :

I did a review on Spencer Vann's course.  Purchased it last year.  I've been involved in the surplus funds business for about four years now.  Last year I made a little over 100k, will double that this year, so you can make money.  However, it is tough business.  Not easy to do.

If I may ask, how much working capital did you have to use to make that $100K (?)

 

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