ProSource Tax Lien - Vs - BiggerPockets

ProSource Tax Lien - Vs - BiggerPockets

Real Estate Investor · Garner, NC · Member since 2012 · 8 posts · 2 votes

First I'd like to say this is not a paid advertisement for either company and is my own personal opinion, that I'm sharing for your entertainment porposes. Now, like most of you l look for products tools and resources that can be utilized to help to either gain an advantage, simply reduce the over all risk and/or free-up as much of my time as possible. So several years ago I found and joined Bigger Pockets (BP) as a free membership and with that one move I have learned about several areas of the Real Estate investors market place Rehabbing, Flipping, Wholeselling, Property Analysis, Deal Analysis, Exit strategies, Packaging a deal, Approaching Investors,  and building a power team. There are several more items I could add but for now I will keep it short, and  I must also reiterate that all this was obtained for free. Most recently I attended a Free conference presented by ProSource tax lien investing (PS), the general conference explain the concept of tax lien investing which I have been curious about, the speaker mention a resource that I found to be a useful tool, which was a complete web site that had all the counties and states paid listings ,auction calendar , direct access, and over the counter auction ,lifetime access, for you and a partner  to gain access to this resources you had to attend a 3-day training/conference, you and a partner could attend four cost of roughly $600, so myself and another individual I met at the event decided to split the cost to attend and get our individual logins for the advertised resource, during this event which honestly was more of a marketing event there is a offer to purchase an even bigger tool that has some backend work done for you Analysis, Exit Strategy, packaging the deal, access to funding, access to power teams, access to mentors and access to additional trainings for a fee, for a cost of roughly $40,000 and a monthly fee of roughly $75. Nice opportunity for someone just not for me at this point. I have yet to upgrade to Bigger Pocket's paid membership yet I already have most of what was in the offer from PS as a resource with BP. I like to hear the reviews of other regarding these two companies, I've had a longer relationship with BP but I don't want to totally discount PS. What do you think? I have not yet received my login from PS to further elaborate when I do I will provide more information and details for those who are cerious to know more.

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Ned CareyPro Member
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Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
7y

@Don C. I know absolutely nothing about ProSource. I do know that even though I have bought thousands of liens and have spent millions of dollars on tax liens I have no interest and doubt they have anything that would be a value to me. 

That is the same crap stuff other high priced gurus pitch. "Access to funding" usually means access to a high priced hard money lender, which anybody can get. Or fictional funding that no deals seem to qualify for. 

Most importantly think of how much money you would have to invest for how many years just to earn your $40k back.

Again I know nothing about ProSource specifically. What I say above may not apply to them but I bet it does.

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  • Real Estate Investor · Garner, NC · Member since 2012 · 8 posts · 2 votes
    7y

    Really interested in hearing your thoughts and views.

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    7y

    @Don C. I know absolutely nothing about ProSource. I do know that even though I have bought thousands of liens and have spent millions of dollars on tax liens I have no interest and doubt they have anything that would be a value to me. 

    That is the same crap stuff other high priced gurus pitch. "Access to funding" usually means access to a high priced hard money lender, which anybody can get. Or fictional funding that no deals seem to qualify for. 

    Most importantly think of how much money you would have to invest for how many years just to earn your $40k back.

    Again I know nothing about ProSource specifically. What I say above may not apply to them but I bet it does.

  • Member since 2019 · 3 posts · 2 votes
    7y

    i just completed the 3 day event.  nearly 2 months after paying for what was pitched as tax lien specific training and access to well developed software , i left empty handed!  the 3 days is essentially a sales pitch with weaved information about how to use a tax lien as an acquisition strategy for fix and flip, etc.  my take aways: 

    1.  the free materials that were supposed to be provided at the 2 hr event have not been provided, even after 2 follow up emails to their main office asking why i wasnt given the materials/what would be done to 'check that box'!

    2. i did not get the package i was supposed to get at the conclusion of the 3 day event....they claim to have ran out.

    3.  i still do not have access to the software i paid for 2 months ago...the information is in the package i did not get.  have been told that it will be mailed........just like the free material from the 2 hr event? 

    4.  i never had a 'session' with my assigned coach/strategist to try to sell me any one of their training packages or events.  My take away is that i was written off as not worthy of their time. 

    5.  their premium package appears to have some worth for those who are totally new to REIing and need the coaching and guidance.  i just wonder after my experience with broken promises and committments if it is a scam or not.

    you decide what is best for you but before my head hits a pillow tonight the BBB will have heard from me.

  • Member since 2019 · 2 posts · 0 votes
    7y

    I've been to a fortune builders event and i've been to a ProSource Tax Liens event and i was more impressed with ProSource by far. The one thing that i've seen in the reviews on ProSource and their testimonials is that they actually DO provide what you pay for. I'm a newbie when it comes to the real estate world and I can see the value in those programs. People pay that much for education at a college just for a piece of paper that may or may not get them a job and don't think twice about it. But getting access to a team of professionals that have been doing this for years, have the connections, have the resources and can get me where I want to go faster than i can do it on my own, that's a no brainer in my opinion.

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