Is Terry Bontemps real?

Question

Has anyone had any real dealings with Terry Bontemps?  He seems to have been around for a while as a note investor. He's got YouTube videos and a weeky calls. Just trying to do some due diligence.

Account Closed · Answer

It's Terry Bontemps, hello guys just wanted to put my own spin on this since my name is being used. I've been investing in real estate since 1980, that's 34 years of experience and knowledge. I bought my first house when I was 20 years old.

I have over 130 videos on YouTube about buying notes. I've invested in six different markets in the United States which includes California, Nevada, Illinois, Arizona, New York and Florida. I buy notes from banks so that I can modify the homeowners loan so they can keep their home instead of losing it to foreclosure. I have testimonials from homeowners that love my results.

I've been a mentor for some of the top real estate education companies in the United States. I've worked for Trump, Robert Allen and numerous others as a real estate consultant. I am one of the largest buyers of 2nd notes in the United States. I started investing in 2nd's back in 2001 when it wasn't popular. Today notes, especially 2nd's is the hottest niche in real estate. I've developed the only note buying software for the iPhone and I give it away for FREE. I tell you this not to brag but to let you know I am real.

Here's the numbers on another post by Eddie. When you put an offer on a property for $285,000 and it's only worth between $165,000 and $215,000 and you've never done a real estate deal before you need help. I tried to teach Eddie MAO (maximum allowable offer by Ron LeGrand) but he didn't want to listen. The only thing he wanted was for me to fund his deals. I don't fund students deals, I teach investors how to invest. By the numbers Eddie's given above he needs to run to someone to teach him the numbers so he can learn how to invest in real estate or else he will never make any money.

MAO (maximum allowable offer) = ARV x 70% minus repairs. The remaining 30% equals your profit and costs. 20% is your profit. I taught this to Eddie and he didn't use it. I would have never made that offer.

Here's a video testimonial from Eddie when he was open minded to learning from me

https://www.youtube.com/watch?v=aQ2D-pkCINA

On all of my marketing I leave my personal phone number so you can call me if you have any questions. I answer my own phone 95% of the time. My top student made $400,000 on one real estate deal from what she learned from me about buying notes. I've included the link to her testimonial

https://www.youtube.com/watch?v=2bBGG6Q3GrA

What's the difference between my top student and Eddie? One wanted to learn and the other didn't.. Just my two cents, you form your own opinion. Do your research on me. Eddie's comment is the only negative one on the internet about me and my note buying mentoring and coaching program. He's entitled to his opinion and I'm giving you mine.

Matter of fact you should do your own research if you're looking for a real estate coach and mentor and decide for yourself if that person is a good fit for you.

Wishing You Success, Wealth, Health, Happiness & Prosperity

Terry Bontemps

Account Closed · Answer

I don't recommend Terry's program.

He portrays himself as your "Financial Partner" and acts as your go-to guy for notes that you obtain. Problem is, Terry doesn't have the $50 mil proof of funds he used to have from a Hedge Fund he was affiliated with.

He teaches you go find people facing foreclosure, get an authorization to speak to their banks, Terry then uses that information so he can approach the bank as an outside investor, and makes an offer to that bank.

While he's making money on what you get him, he's spoon feeding you information and constantly reminding you that he is the all might investor that has more experience than you do.

There are many articles here (i wish i would have read 1st) that provide more then what you would get out of his course.

Run....

Jon Holdman · Answer

Wasn't Terry the short order cook at Merlot's in Bontemps?  Who married Arlene?

Sorry, never heard of this particular guru.

http://www.biggerpockets.com/forums/79/topics/62174-beware-of-the-real-estate-guru-trap-what-to-look-for-how-to-protect-yourself

Account Closed · Answer

What's Up Tiger?

Thank You for welcoming me to BP! I love your name, when I was in martial arts Tiger was one of the five animals we studied. I will post if I get questions because I love giving back. So many investors are mad at the guru. I love the guru!

The guru told me I should fire my boss before he fired me and that's exactly what I did! I haven't had a job in 12 years because of that advice. The guru taught me that I could have the finer things in life as a real estate investor. The guru showed me how to make money to provide for me and my family. Yes, I maxed out my credit card and I bought all the courses, books and tapes that I possibly could. Man am I glad I invested the money and time into myself like the guru recommended.

Bottom line and the end of the day, "If You Think Education Is Expensive, Try Ignorance"

I Love Real Estate Especially Buying 2nd Notes!

Give me a call if you want to have a deeper conversation!

Have A Great Life!

Terry

Tiger M. · Answer

@Terry Bontemps

Welcome to BP. Hopefully someone with your niche experience will continue in the BP community. I look forward to your posts.

Leonard Gunn, Jr · Answer

Thanks guys for the advice.

Ramon Jenkins · Answer

Listen to Jon advice

I have heard of Terry Bontemps 
I believe he’s note investor guru

If it was me :
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I would not spend any money until you do more due diligences

Theirs is a lot of excellent note threads here to start with

Second after Biggerpockets thread research 
– check your local library for materials

Thirdly, go to youtube and search for topic of notes investing

Regardless, Welcome

Is Terry Bontemps real?

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