Has anyone used it..and does it work!?
2007-01-30 23:23:19 · 5 answers · asked by mizzms 4 in Business & Finance ➔ Renting & Real Estate
Believe this.
The only one who "gets rich quick" on these programs are the ones who sell them. How many are on the market right now and why? Because they don't work...but make you believe they do...tv advertising is powerful and can convince you of anything.
The best thing you can do? Go talk to a real estate broker who has the background and the knowledge of real estate investing. Do you think Realtors make money listing and selling real estate? It is a poor-paying job. Their money comes from what they buy and sell during the course of their license. If a Realtor sells a million dollars worth of property, their income is a little over $20,000 for that year (minus expenses, which are high). Do the math. Talk to a broker. It won't cost you a dime and you'll get lots of help.
2007-01-30 23:32:31 · answer #1 · answered by Barbara 5 · 1⤊ 2⤋
I agree with the two above that this is a get rich quick scam, but dis agree about the real estate broker. They will be able to provide much help, but most do not make their money off investments. If you as an agent only sell 1million dollars per year you need to leave the business. I make well over 100k every year and do not invest in the way you speak. I help others. So you are some what right and some what wrong.
Good luck.
RE agent,
Remax
2007-01-31 00:46:31 · answer #2 · answered by frankie b 5 · 0⤊ 1⤋
Barbara said it well. Ditto to her whole answer.
You must establish a pattern of being warry of people selling you ideas. Like my Dad, said, What's that lump on your shoulders for??
No one is going to tell you anything that you couldn't figure out for yourself in a few minutes in a seminar. They are making tons of money in the seminar business because they say what people want to hear. People want someone to tell them that there is some magic "pill" for making money.
You know better than that!! The only way to make money is to work and invest and work some more and invest more.
Get any real estate broker to help you invest in real estate.
Best of luck,
2007-01-30 23:43:58 · answer #3 · answered by Anonymous · 0⤊ 1⤋
John Becks program suggests that you can buy property that was foreclosed for not paying property tax, for the amount owed. Unfortunately, that just doesn't happen anymore. Most counties, sell the property at fair market value, not for just the amount owed.
2007-01-31 04:08:21 · answer #4 · answered by AJ 7 · 0⤊ 1⤋
geee... you people have NO CLUE whatsoever!...
John Becks teaches how to buy tax lien certificates. Simply put, if the owner or mortgagee won't pay for your tax lien + interest, you can foreclose on the house and wipe out all other liens and mortgages - this makes it free and clear for you.
gee, why do you suggest if you have no clue about the topic.
Topic Starter, search the net for "investing in tax lien certificates"
2007-01-31 02:10:06 · answer #5 · answered by Anonymous · 1⤊ 1⤋