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All Forum Posts by: Rich DiBiase

Rich DiBiase has started 1 posts and replied 1 times.

Post: Bill Vaughn - Intellibiz - A Simple Mans Guide to Real Estate

Rich DiBiasePosted
  • Residential Real Estate Broker
  • Posts 1
  • Votes 0

SCAM !!! BUYER BEWARE !!! - RIP OFF !!! I purchased this course and paid extra for a monthly consultation with Bill Vaughn. Here's how the first conversation went:

I spoke to Bill on the 20 minute phone consultation. I told him I'm interested in investing with zero down payment as his advertising states. This is the advice I received from Bill Vaughn himself:

1. Find a partner willing to provide the money.
2. Find a property at 20% to 30% below market value.
3. Use an escape clause, such as "contingent upon partner's approval", in the contract in case I want to back out for any reason.
4. Buy it.
5. Sell it.
6. Split the profits with your partner.

Duh, really?

When one pays $100 they're looking for secrets, not obvious stuff.

Find a partner with money. Buy low. Sell high. One could give the same advice for any type of investment.

This is like spending $100 for a course on investing in oil wells and getting this advice:

1. Find a partner will to provide all the money.
2. Find an oil well at 30% below market value.
3. Use an escape clause in the contract in case you want to back out.
4. Buy it.
5. Sell it.
6. Split the profits with your partner.

In addition to this worthless advice, Bill Vaughn did not honor my request for a refund - stating that all of the numerous technicalities to qualify for a refund were not met.

STAY AWAY FROM THIS COURSE !!!