The Wall of Shame - Post About Your Bad Guru Experiences Here

The Wall of Shame - Post About Your Bad Guru Experiences Here

Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes

I saw a "Wall of Shame" referenced in another thread and thought it was a great idea that has never been followed through on. The purpose of the Wall of Shame is to out RE gurus that people have had poor experiences with. The company representatives are certainly welcome to come to the wall and debate why they should or should not be on the wall to protect their name.

The first poster for each program can comment on their experience with a given company and everyone that has had a BAD experience with that company can vote that poster up. This will give people an incentive to list all of the potential programs and the ones with the fewest votes will be deemed the most reputable in the opinion of BP members.

We can then count the votes and update this post with the count periodically to come up with a list of top candidates. For instance, Big Money Real Estate Solutions was referenced this evening with other BP posts referencing poor experiences. The next poster can simply post the name of the company in a single post and everyone that has had a poor experience with the company can vote for that post. If there is additional commentary to share it can be done in a separate post so that people don't have to sift through all of the comments to follow who does and does not get voted for. I hope that makes sense!

So who is going to lead off? Which company will be the first to be voted on from those that have had bad experiences with it?

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Real Estate Investor · Corpus Christi, TX · Member since 2010 · 5 posts · 3 votes
15y

Rich Dad Education would be the first on my list. Very high emotional pressure to sign up for their $35k program that will take you a whole year just to get through the schooling process before you even get through your first deal. I have also had issues with a small-time wholesaler out of Houston Texas that will go unnamed for now.

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  • Real Estate Investor · Corpus Christi, TX · Member since 2010 · 5 posts · 3 votes
    15y

    Rich Dad Education would be the first on my list. Very high emotional pressure to sign up for their $35k program that will take you a whole year just to get through the schooling process before you even get through your first deal. I have also had issues with a small-time wholesaler out of Houston Texas that will go unnamed for now.

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Okay...thanks for posting. For this to work right you need to post a single post with "Rich Dad Education" and then a separate post for the commentary on the program. That way everyone can vote on Rich Dad Education. When you do that you will get a vote from everyone that has had a bad experience with that program so that we can later total them easily. I hope that makes sense.

  • Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    Nouveau Riche would be on my list.

  • Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    Nouveau Riche program offers a high cost education, but primarily is looking to use new recruits as additional sales people.

    Little value is placed on the eduction once you have it, but the education is certainly pushed regularly for anyone that will listen.

  • Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
    15y

    Carlton Sheets

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Future posters please follow Charle's lead...nicely done. I will post after this for Rich Dad so we will have a slot for voting on that program.

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Vote for Rich Dad Education Here.

  • Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
    15y

    Carlton Sheets' book/cd/dvd course wasn't terrible. It had information in it for the beginning landlord. It had several methods of creative financing (though, some would NEVER actually work). I paid just over $600, which from what Nouveau Riche charges, isn't too bad, and it gave me the motivation to get started. The course does like to pretend that Cashflow = Rent - Mortgage/taxes/insurance, so my first property was a real loser.

    The coaching on the other hand... They would call almost daily, trying to get me to buy their $5k coaching program, even running my credit and telling me how I could use my currently open lines to pay them, and purchase my first "no money down" property. Not cool.

  • Flipper/Rehabber · ALLENTOWN, PA · Member since 2010 · 38 posts · 19 votes
    15y

    Russ Whitney! Wealth inteligence network

  • Flipper/Rehabber · ALLENTOWN, PA · Member since 2010 · 38 posts · 19 votes
    15y

    $1,000 for a three day seminar of which the speaker spent a whole half of a day talking about his family and his success and the other half trying to upsell their bootcamps that ranged from 5k - 70k.

    complete waste of time!! not to mention the drive from PA to DE back and forth everyday.

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Nice...everyone seems to be getting the idea now.

    Note that only the votes that are in the single line "Nouveau Riche" or "Russ Whitney Wealth Intelligence Network" posts will be counted in the periodic totals. I will try to post them as needed so that people can see who the leaders are for the Wall of Shame. Maybe we can have a top ten list or some such.

    Note also that you can vote on commentary for each program, but only the votes for the actual program in single line thread responses will be counted in the periodic totals.

  • Real Estate Investor · St. Petersburg, FL · Member since 2010 · 63 posts · 40 votes
    15y

    Robert Allen

  • Real Estate Investor · St. Petersburg, FL · Member since 2010 · 63 posts · 40 votes
    15y

    Purchased course from Robert Allen several years ago. He did not deliver the course materials, would not reply to refund request. Had to report to consumer services to get help with getting refund...for course I didn't receive.

  • Flipper/Rehabber · Louisville, KY · Member since 2008 · 1k+ posts · 1k+ votes
    15y

    Seems like this would be good in the Guru forum.

    Just tile your new posts "Wall of Shame- GURU NAME"

    BTW, wouldn't this be easier if we made it a Wall of Fame? Fewer entries!

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    The purpose of the thread is to allow everyone to vote in one place instead of in 100 different threads. Nobody wants to run through all of the threads to piece together a top hits list so this thread is an attempt to get people to vote for their favorites and identify new ones so that we can keep a running total.

    The bigger programs will obviously get more votes because they have had more exposure. If there are any bright ideas about how to correct for that please do post about it.

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    15y

    Trump University.

  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Okay…way too early to draw any conclusions totals are:

    Rich Dad 4
    Nouveau Riche 2
    Carlton Sheets 2
    Russ Whitney’s (WIN) 1
    Robert Allen 1
    Trump University 1

    For those checking my math the OP’s posting counts as 1 because they can’t vote for their own post ;-) Hopefully the formatting above will come out okay.

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    15y

    Although I believe the Donald is not actively involved in this, but it is just his name that is licensed to promote it, this is just another guru scam at its worst.

    I attended a "free" seminar about this and the douche bag doing the speaking pulled out all the stops. This included pulling out a thick roll of cash in a money clip from his high priced suite as to say he is so very successful. He proceeded to state via a question to the audience, how many homes in the immediate area there were and how easy it would be to find a motivated seller. - All crap and fluff.

    Everything he said sounded great if I was a rookie and didn't know better. It was quite exiting which is their intention and their goal is to have everybody go to the back of the room and sign up for their 2 day bootcamp for several thousand dollars, of which, I am sure is an upsell to a coaching program for $25k+ Typical of the gurus and shame on Mr. Trump for allowing these losers to use his name and steal from the ignorant.

  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    15y

    Okay, Robert Allen is the guru with the longest resume. He started in 1978, and actually got me started in real estate investing when he started these RAND (Robert Allen Nothing Down) clubs. His methods had marginal validity in California in the late 70's, almost no validity now. So I guess I will vote for Robert Allen as a wall of shame member.

    On the other end of the spectrum is Jimmy Napier (currently retired). His main areas of expertise were note investing, tax deeds, and mobile homes. His courses on trust deed investing and tax lien investing were packed with information, inexpensive and invaluable. It was because of his courses that I changed my focus to investing in real estate debt, and was able to find the success that I have. Can we start a vote for the guru "Hall of Fame"?

    Private Mortgage Financing Partners, LLC
  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    You have to vote on the thread response with "Robert Allen" Don...that is how we will tally votes :-)

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