REI Wholesale Legit? Or something to pass on?

7 posts by 5 users

Medium 1399695760 avatar rjsolutions Rich Barrett
Real Estate Investor from Ottawa, IL
7 Posts
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2 Awards

Rich Barrett

Real Estate Investor from Ottawa, Illinois

Jun 03 '13, 12:02 PM

I just came across a banner ad on the site here and clicked through to it as it seemed interesting. It is called REI Wholesale

I knew full well that it would be an overly hyped opportunity full of the usual "broke to millionaire" pitches since the banner ad boast $3,000 - $15,000 dollars in as little as 7 days, but I wanted to honestly get a look at it.

Does anyone else have experience with this program that focuses on finder's fees? If so I'd like to hear!

Medium 1448323178 avatar blackbelt Joel Owens
Commercial Real Estate Broker from Canton, GA
10231 Posts
5059 Votes
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Joel Owens Verified Video Moderator

Commercial Real Estate Broker from Canton, Georgia

Jun 03 '13, 12:05 PM

Hi Rich,

The ads placed are at random so are not an endorsement by BP.

Investigate on your own. I do not know anything positive or negative about the site.

Medium allworldrealtyJoel Owens, All World Realty
E-Mail: [email protected]
Telephone: 678-779-2798

Medium 1448399064 avatar biggerpo Joshua Dorkin
BiggerPockets Founder/CEO from Denver, CO
16024 Posts
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Joshua Dorkin Verified Donor

BiggerPockets Founder/CEO from Denver, Colorado

Jun 03 '13, 12:12 PM

Hey @Rich Barrett - As Joel said, the ads are randomly served through Google. We do block many ads for deceptive advertising, however I have not heard anything about this one.

It looks like a blog site, though, and unfortunately like most blogs in the REI space, it is not active. Looks like the last post was written in early 2012. That's all I know...

Medium fbprofileJoshua Dorkin, BiggerPockets

Medium 1453334716 avatar deverix Dev Horn
Investor from Arlington, TX
1825 Posts
1743 Votes
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Dev Horn Verified Video

Investor from Arlington, Texas

Jun 03 '13, 12:24 PM

The lack of recent updates on that page makes it feel at least out-of-date, if not bogus. I'm curious why anyone would put the $$ into an AdWords campaign but not put any time into their content. My guess is the course could be out of date as well... Proceed with CAUTION....

Medium wbh square logoDev Horn, We Buy Houses®
E-Mail: [email protected]
Telephone: 877-932-8946

Rich Barrett

Real Estate Investor from Ottawa, Illinois

Jun 03 '13, 12:32 PM

Thanks everyone for the insight. I have decided to not do anything with it, even before I posted this, but figured it would be a great topic to discuss since others may have questions since this is floating around the site's sidebars.

Given it hasn't been updated in about a year I would say NO to this opportunity!

Medium 1451412595 avatar bradenc Braden C.
Real Estate Investor from Bradenton, FL
275 Posts
110 Votes
4 Awards

Braden C.

Real Estate Investor from Bradenton, Florida

Jun 03 '13, 02:43 PM

Any of the program's that make outrageous claims automatically scream scam to me. They must spend a lot of money on AdWords though, I can't tell you how many times in the past month I've seen ads for "the cataclysmic shift that will make 95% of real estate investors impotent within the next 12 months" or "every successful real estate investor has a mentor". So, 95% of us are out of business within 12 months and apparently everyone who is successful also currently has a mentor. This is of course according to some fine gurus ;)

Medium logo 07Braden C.,
E-Mail: [email protected]
Telephone: 727-686-3663

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