Tacoma, WA · Member since 2013 · 67 posts · 1 vote
Has anyone heard of this guy? I'm reading one of his books called Secrets of a Millionaire Real Estate Investor and I'm wondering if anyone else has had read this or any of his other books.
I've only just started reading it and he uses the term "flipping" as members here on BP use "wholesaling." This is just a small matter of terminology and doesn't mean the information is bad, but it still raises a small amount of doubt about what he says.
Hi . I am Robert Shemin the author . Though no book is perfect and I am obviously biased . This book won 10 best investing books by a couple of national independent investor organizations . I got hundreds of letters and testimonials from investors that made many deals from the simple but effective strategies outlined in this book . The negative reviews are mainly from other authors .. Do the activities the book teaches and you will probably make deals . It's not what you read or think you know it's what you do ..,let me know if I can help you in any way ..
Thank you for the link. There were a few other small tidbits that gave me a bad feeling about the book, but the review you linked made it quite clear that it's not the book for me. I'm not interested in doing any unethical or shady business practices, which Shemin seems to deal with a lot.
I've been hearing good things about the book you linked so I'll check it out. Thank you again.
Welcome the book I linked to I actually had leafed through at a book store. It's like really expensive these days out of print. I found one used on ebay for like $10. I was going to try to get it at the library and reread it.
Agreed Edwin, LOL, BP has to be more entertaining, IMO..... :)
Justin, I've not heard of the guy, but I've not heard of most of them.
Wholesaling is flipping, the contract or property, the older term I suppose as wholesale describes selling to another dealer as in selling a consumer product getting it to market.
I see John Reed mentioned with his reviews. I suggested doing reviews here in the past, there seemed to be interest but no one willing to send in any materials. I don't buy the reviews as I saw one guru I am aware of that got the green light from John. Probably what part of the problem might be is that the reviews are not updated.
There were stategies used ten years ago that are now very difficult or illegal to accomplish due to new restrictions. So far I've not heard of any current publications that would address issues of the day. You really need to stay current in RE and it can be time consuming but it is worth the effort. Seems most of the gurus listed by Reed got some hefty fines and sued, bankrupt or jailed.
I did read where Reed gave a short historical view of gurus and how they got to the best sellers list. I have to agree with Reed in his saying that one guru tells a lie to get to the top and the only way for the next guru to out sell him is to tell bigger lies.
If you're reading any "how to" get rich in RE book, a strategy or system I'd say there is going to be some aspect that will be inaccurate, unethical or illegal. Expect some deceit at the very least and don't be surprised by lies. :)
Very informative post. I'm just starting out with learning about real estate, so I'll just read books recommended here on BP and move on to other books later when I can better filter through the information to find what's useful.
Funny thing is that I just went to the library today with the first eight of that list written down (aside from the BP beginner guide) and they only had 1 of them.
I've suggested before going to college book stores, the used books and look for the RE text books. Get the basics and you'll understand all the strategies and you'll find that is nothing new in RE. :)
Yes, textbooks, you know, like in school, that place people go to get a real education. LOL
Get the "teacher's copy" if you can, if you have a local college you might contact a teacher and see if you can borrow an old teacher's copy or buy it from them. The difference is that it contains more info to stress areas of class instruction, teacher's notes.
What investors have a hard time getting in thier heads is that guru strategies are not an education, more like reading fiction or a comedy!
For example, how long do you think the "Sandwich Lease" has been used? Would you believe over a thousand years based on the feudal system? :)
I did the RS courses including the mentoring part. Very expensive way to figure out that there are many other ways to get general information. And being in one state investing in another, and have mentoring from another state (Utah) doesn't cut it.
Discovered that the mentor had purchased his 3rd house and working on another. He knew nothing about the local area or state that I was wanting to invest in. Seldom called or was available during our appointed time(s) to make contact. And the RS group wanted me to extend my mentoring contract $$..
I'd never do it again.
Read the books, find local mentor, enlist a friend to help you stay on target, and make contacts....
I read his book a couple a years ago (How come that idiots rich and I'm not) and met him at our REI group here in Nashville. He really is a great guy and his information is solid.
Keep in mind most of the books he wrote where written pre 2007 and do not apply to today's market.
Hi . I am Robert Shemin the author . Though no book is perfect and I am obviously biased . This book won 10 best investing books by a couple of national independent investor organizations . I got hundreds of letters and testimonials from investors that made many deals from the simple but effective strategies outlined in this book . The negative reviews are mainly from other authors .. Do the activities the book teaches and you will probably make deals . It's not what you read or think you know it's what you do ..,let me know if I can help you in any way ..
I was impressed at the "first touch" but "turned cold" after being mistreated by handlers of Robert's correspondence & "client care" such as Verena. I hired my critical thinking and an investigative mind to assist me getting through to the head of the fish & my findings were discouraging. The philosophy Robert promotes is "Identify your Why", & it would be fine if his own why was not the gun to his head (*)
The book "how come that idiot is rich" has several good points but two major critical flaws (1) an underdeveloped moment with the rubber band that goes like this: U put the rubber band on your wrist & pull, stretching hard thinking how UR becoming "positive" at gaining pleasure.If rubber band did not break, let go &let it hurt U bad... Only Robert used it for the "negative" thinking. Such a technique of operating subconsciousness works both ways; it is generally confusing & inappropriate 2 use on the public. This is an example of "divide & rule" demonic ritual that should be treated with extreme caution 4 knowing 2cause adverse affects. [techique he borrowed from the source I don't trust] (2) Robert encourages U2 dip in2 family savings & to raise credit cards limits 2pay 4the training, which is generally unethical &incriminating; especially, for someone who pretends to run a "wealth academy". There R different ways 2raise $$ for a business purpose that will not affect your personal securities, but to get that far with Robert U will have to shed some skin for him & his team they will use for securing real estate deals inventory, leftovers of which they will later sell back 2U if you will have any skin remaining on pursuing the FLIP
Not bad for somebody who learned to invest in real estate from a man of good will who didn't charge him. By the way, Robert had charged his own only child for the REI "certification"
So much said for passing a wisdom gained "free of charge" to your children
To say for myself, I was been filtered based on the amount of lint in my pocket and from them, I've received emails with invasive BG scripting
I was impressed at the "first touch" but "turned cold" after being mistreated by handlers of Robert's correspondence & "client care" such as Verena .
I hired my critical thinking and an investigative mind to assist me getting through to the head of the fish & my findings were discouraging.
The philosophy Robert promotes is "Identify your Why", & it would be fine if his own why was not the gun to his head (*)
The book "how come that idiot is rich" has several good points but two major critical flaws
(1) an underdeveloped moment with the rubber band that goes like this:
U put the rubber band on your wrist & pull, stretching hard thinking how UR becoming "positive" at gaining pleasure.If rubber band did not break, let go &let it hurt U bad... Only Robert used it for the "negative" thinking experiment. Such a technique of operating subconsciousness works both ways; it is generally confusing & inappropriate because it sets an affirmation of "divide & rule" demonic ritual that is known to cause adverse affects. [techique he borrowed from the source I don't trust]
(2) Robert encourages you to scrap savings & to raise credit cards limits to pay for him training you, which is generally unethical &incriminating; especially, for someone who pretends to run a "wealth academy". There are different ways to raise money for the business purpose; ways that will not affect your personal securities and family affairs. Yet to get that far with Robert you will have to shed some skin for him & his team, that skin they will use for securing real estate deals inventory and for themselves, leftovers from there will later be cold back to you, if you will have any skin and partners remaining for pursuing FLIPS.
Not bad for somebody who learned to invest in real estate from a man of good will "free of charge". You have to know: Robert had charged his own only child for the REI "certification" with the father, how is it not abuse I can not figure out...
So much said for passing a wisdom gained "free of charge" to your children
To say for myself, I was been filtered based on the amount of lint in my pocket and from them, I've received emails with invasive BG scripting Robert had educated himself to hypnosis and applies his "charm" effectively.
@Justin Foster it's July 2019. His group corrals large pools of budding entrepreneurs and inexperienced investors with deep pockets from Israel and floods target markets. The result is not true competition but rather agents busting their butt only to be repeatedly shorted my their "foreign investor" who don't follow through. They artificially drive good deals to a highest and best offer based on analysis that is shallow at best and straight up baseless at worst. Even when you try to network they want your help but don't pony up when a deal that matches their criteria comes to them. Inexperience is fine, encouraged, and even expected. But when 30 investors flood one minor market with no real game plan other than "Try this place", it throws a big freaking wrench in the mix.