All Forum Posts by: Scott H.

I think this is a great idea. I participate at flyertalk dot com (a popular frequent flyer forum) and they have a "secret access" forum where you can trade airline stuffs on the "black" market. If someone gets snubbed in a transaction, their username goes on a list with a short explanation.

Of course, a moderator is required to hear both sides of a transaction and give them each ample time to reply. A bit labor intensive, but well worth it if someone has the time.

Scott

Marcus,

It's not necessarily that there were problems, but more that there wasn't enough added value to merit whatever the price was. All that he taught can be read in books and verified here on BP as actually working. You could also build a relationship with a mentor on BP in your area.

Keep these thoughts in mind:

1.All Gurus are excellent marketers.
2.There's nothing new under the sun (just repackaged stuff).

I'm just not convinced it is the best investment of money. What specifically are your RE goals Marcus? Maybe we can point you to threads (on BP) or books to give you a basis of information and then you could put that "tuition" money to work into a deal and then REALLY learn something.

I, personally, would cancel whatever you signed up for, it's a good thing there is a "cooling off period," my brother had no such luxury when he was sold. Then do all your due diligence and research on BP here and see if you still want to do it.

@Joseph, I'm glad you're successful with the Todd Dotson Tactical Real Estate (catchy name eh? see point 1 above).

I've e-mailed my brother to get his thoughts on the program (he was sold the training) and will post them here when he responds.

My humble opinion,
Scott

Yeah, I'm going to stop fighting to stress my actual experience with this Guru.

It's not worth it (the Guru or the expression of my experience).

Scott

Welcome to BP Adrian!

You'll find a lot of investors on here from Chicago.

Scott

Joseph,

Thanks for the offer to fly out and help; but I think I'll decline.

As for not putting in any effort; I can certainly attest that my brother, brother's brother-in-law, and I spent about a year "farming" neighborhoods, sending letters, knocking on doors, talking with sellers and we did not make any money. My brother made a small amount of money about 1.5 years into it, but has not recouped his investment in Todd Dotson's course.

I still think that all the info you need is available here on BP or through relationships on BP and paying for a "system" is just that. You're having someone spell out all the information already available and paying them heftily for organizing it.

There's nothing new under the sun and paying $10k for a course is not going to give you a secret that you couldn't have learned from someone here on BP. They sure make you feel like it's a secret though when they have you sign a load of confidentiality agreements, etc.

My experience is with the wholesale course by the way.

Just my humble opinion,
Scott

My brother signed up for this a bit back and I attended with him.

He never made back what he paid for the course and mentor days (cost extra).

Guru v. BP

BP wins hands down! You get hundreds (thousands?) of Gurus for a price you can't refuse.

Stick with Bigger Pockets and you will do better and save big money (like Menard's for you midwesterners).

Scott

My brother and I got a pre-foreclosure duplex in Long Beach, CA under contract and tried to flip it out using the 5-Day Sale (it's a book that outlines the strategy).

We didn't end up selling the property.

We think that one of the issues was advertising it for about 50% of what we're hoping to get (which is what the book promotes). With that particular property, we had a lot of interested parties show up and bid; but they weren't prepared to jump from the $400k advertised to the $800k necessary to cover the loan on the property.

I'm sure the method can work in some circumstances, but we only got the property bid up to about $650k.

Scott

motiv8td,

I'm going to be in Phoenix next week and was thinking of looking at some fairly new SFRs to purchase and then rent out/L.O.

I'd love to run some areas by you or have you give me some advice.

Please accept my colleague request.

Thanks,
Scott

Thanks George!

In what areas do you have your 2-flats?

Scott

Yeah, that's why most of this question is hypothetical.

You got me looking in NW Indiana, how has your experience been? I saw in a post that you're avoiding Gary.

According to the University of Chicago (proponents of the Efficient Market Hypothesis, albeit not talking about RE), a deal like that doesn't exist, because if it did, someone would have already bought it.

Thanks for the insights on the refi.

Does anyone have insight on the line of credit?

Thanks,
Scott