i just wanted to know if the real estate course that this carleton guy advertises on late night tv actually works.
2006-12-13 21:00:43 · 5 answers · asked by cparkmi331 3 in Business & Finance ➔ Renting & Real Estate
If it worked he would be selling real estate instead of selling a course.
2006-12-14 03:29:48 · answer #1 · answered by Thanks for the Yahoo Jacket 7 · 2⤊ 2⤋
The principles work. The strategies are limited and the personal coaches might cost you a few thousand before you get anywhere. It's really better to hit real estate books that are more straightforeward versus going through coaching and seminars (that bring you the same info).
Suggestions on some of the books that address Carleton's secrets can be found below -- instead of $3,000 you pay $19.95 though for a book. lol.
2006-12-17 01:44:35 · answer #2 · answered by John Rosa 3 · 0⤊ 0⤋
His program used to work when he first came out with it. It involves finding a property that you can take over the payments on. Here is why it CAN'T work anymore.
In 1988 and 1989, FHA and VA stopped originating loans that could be assumed without qualifying. If you had come across a seller in 1988 who had a one year old FHA or VA loan and "just wanted out", he could just transfer the house and loan into your name, and it's yours. To find a house with one of these loans on it today, you're looking at a house with about 20 years paid on the mortgage, so the balance is real low. If that seller falls on hard times, he has enough equity to sell the house to someone who can get a new loan, or let you "take over payments", but give him about a 90% down payment.....
2006-12-14 15:58:39 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋
As someone who took the course, its not as easy as they protray on TV. You have to put in serious time to be successful. Also alot of his ways to doing it, just are out of date and don't work anymore. However, regardless if you get this course, this is a good time to get started in real estate.
Oh his program is entirely based on you buying single family homes. So if you are looking for rental property, its not going to be much help.
2006-12-14 16:26:29 · answer #4 · answered by AJ 7 · 0⤊ 0⤋
No personal experience, but youcanpiuck up this info for fre at your local bookstore or atwebsiteslike www.reiclub.com
Regards
2006-12-15 02:42:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋