Tax Deeds and Ted Thomas Course

[Scott Green]

Has anyone bought Ted Thomas real estate course, Wealth Without Risk?  I am more interested in tax deeds than tax liens.  Anyone use his course?  I am looking to buy homes in North and South Carolina.

[Don McAlpine]

Quote from @Vamsi D.:

@Don McAlpine Are you talking about the package https://tedthomas.com/workshopdeal/ which includes weekly call with coaches,  daily 30 minute facilitator calls and magic map (interactive)? Did you find it useful? Is there any facebook group or whatsapp group where you can intereact with other Ted Thomas students?

 Hey Vamsi,

Yes, that is the package that I purchased.  With that you'll get two video training courses, the weekly coaching calls, the daily facilitator calls, and the "Magic Map".  All of these are useful, but how useful will depend on your existing real estate experience when you sign up.

Is it useful?  

The training materials: Yes from the standpoint of learning what tax deeds and liens are and how/why they are sold.  My issue with the training courses is that the content is very dated (some clips go back as far as 2008) and superficial in depth.  I went into this with a real estate license, so my understanding of how property is bought and sold was strong, but there is little in the training about this.  Many of the people I met in the Auction Preparation Workshop (more on this later) were struggling with understanding things like title insurance, the varying types of deeds, etc.

The weekly coaching calls are very good and the facilitator calls are good as you get started to learn about how to do research.  You can ask questions in advance and the coaches or facilitators will address them directly.

The "Magic Map" is useful.  It provides links to each county office's sites for when you're doing research.  However, I've found that www.netronline.com provides the same and is more easily accessed.

Ted Thomas does everthing possible to keep students from interacting, so there is no Facebook or WhatsApp group established through the organization, but there may be groups established outside of the TT organization.  I haven't found any personally.  

Overall, it's a good way to get started, but depending on your experience and knowlege level in the buying and selling of real estate you might need more than is offered through the courses.  The Auction Preparation Workshop (somewhere around $250 for three days at a hotel in FL and offered after you purchase the training) was pitched as an intense learning experience.  Day one was good with plenty of useful content.  Day two was mostly a pitch-fest for the various TT one-on-one coaching programs (they ranged from $75k down to $15k and I can't speak to the value as I didn't sign up and don't know any others who did.  They sold out of their offerings during my workshop).  Day three was a presentation from a lawyer selling his tax reduction program.  There were other items on the agenda that were disregarded, which I found maddening.

You should also check out www.taxsaleacademy.com if you're looking for training to get started.  The program is less expensive, more in-depth on basic real estate concepts, and doesn't pitch you anything over and above what you already spent, though there is more training available if you want it.  They have plenty of videos on YouTube you can check out.  I have no affiliation with the TaxSaleAcademy other than having accessed their training.

So overall there is value.  How much will depend on where you're beginning your journey.