Preston Ely - New Webinar on "hedge funds"?

Question

Can someone please tell me if they have attended Preston Ely's new webinar about hedge funds buying up the real estate market with Billion (with a "B") dollar acquisitions? He states "mom and pop investors" (uhh, that would be me) will be squeezed out of the real estate wholesaling market in the next 18-24 months (2013-2014). I will be attending the seminar tonite (6pm EST) and will update the forum when I know something more.

I just thought some backround info before the webinar would be great.

James Hiddle · Answer

I saw the same webinar. I knew there was going to be an upsell at the end as most webinars from these gurus usually do but I was just curious on what he had to say. It's amazing that he's now using fear tactics to upsell his stuff. I guess whatever works huh! You have to hand it to Ely. He does a great job doing this Internet marketing stuff even most of it is nothing but fly by night fluff and BS just to get you to open your wallets and make him richer.

Erich Edwards · Answer

I joined the webinar this past Tuesday. His statement about the hedge funds looking for nicer homes was all I needed to hear. I continued to listen to just to hear the price then turned it off.

Maurice Miller · Answer

@James T Listen to @James Hiddle When these GURU guys start using FEAR tactics to sell there stuff, BEWARE. Does some of there info work YES. But 100% of it can be found here, take your time and research it. And it will be ACTUAL real experiences from people you can interact with. Put this site to FULL USE! You will be glad you did.

Mitchell Halpern · Answer

Has anyone actually purchased Ely's Real Estate Mogul Elite program? I listened to his webinar and it appears some of the modules maybe useful, especially the Deal Making Guide Module. He claims to provide an established database of sellers, buyers, joint venture partners, etc. As a new investor, it appears that having access to such a database will help develop and grow my business much quicker but I am skeptical.

Kyle B. · Answer

Ugh... I made the mistake of signing up for his webinar and am now email spammed by him on a daily basis.

Joshua Dorkin · Answer

Cameron - Dig through the forums here if you want to see how people start out in wholesaling -- you'll find hundreds to thousands of post from people sharing how they got started in wholesaling and other strategies.

Cameron Webb · Answer

This is also a program that I am looking to get started with. I am new to wholesaling and am trying to find the best program to help me succeed. I would love to hear how people started out in this business. If you would like to share your story, please let me know.

LaToya Harris · Answer

Thank you for posting this question. I just attended the webinar as well, not realizing that the same webinar took place some months ago. I was debating purchasing his Mogul Elite subscription ($597/yr or $97/mo) and wonder if anyone here has already tried it out and would you recommend it for someone just getting started.

Xing Zhu · Answer

Yes, Yes! Hedge Funds are like an enormous and monstrous vacuum machine, sucking off all the good deals in every corner of this country. I am not worried about it at all. I rather view it a positive factor for my investment. Maybe I don't get deals as good as before, but the liquidity is a much bigger problem for them (hedge funds). Even if I stop buying and just sit tight with the properties I am having, I can still enjoy the price increase brought about by this massive funds' buying. If I am an aggressive momentum chaser, I should be able to get ahead of the funds. Don't sell now! This is probably the time in which your thinking does not make you money, while your sitting does.

Christy Gilliam · Answer

I listened to it. Hour and a half long! Of course at the end of it, he and a "circle' of other well known and very successful investors were involved. I'm wondering how many small investors ( or any others) really ARE worried about the big guys taking over?? I read where we can buy in the zips AROUND where they are buying in bulk; buying OLDER homes ( they are buying homes 5 yrs old and newer); bank-owned foreclosures in bulk in certain cities. I also read an article written by an investor ( not involved in the Preston "ring") that we could buy HUD foreclosures instead because they are only interested in the bank-owned ones. I can't find this article now, though. Is this true about the HUD foreclosures vs. bank-owned ones? Would appreciate anyone's opinion on these "idea's" above. Do we have to panic? Thanks, Christine