All Forum Posts by: Paul Kestenbaum

I just saw my favorite one, partly posted, "My good friend", or "my buddy" just let me in on some valuable info. that I wanted to SHARE with you.....Share for only $$$....

One of the best ones I heard at a Seminar was the Speaker, who did not have anyone going to the back table, & then, he said: "Anyone who wants this course for free...follow me to the back table within the next 10 seconds"....we followed him back there like hungry sheep.....then, he explained....."well, it costs me a lot of money to have these courses printed & the Cd's to be made-up...then, we had to send-out a lot of letters to get you here today....we had to rent this room....we have travel expenses, etc..." then he goes on to say: 'It costs me $1,297. per Course that I sell.....that is my net cost.....so, if you will just give me a DEPOSIT of $1,297. today, & when you do a deal, & send me the proof & do a testimonial....I will give you your DEPOSIT back, so, now you know how you can have this Course for free"! Bummer!

Post the Link to get the free report, & we will judge it, too.
Please try to refrain from using the line: "A friend of mine"...it's like all of the scam e-mails from Gurus, trying to push-up each other, in their joint-marketing pitches...sorry, that's just my take on it.

Wow, that is a whole different story than we heard.....
I guess that was just to sell us his book, & try to lure us in.....

the most comprehensive Course on buying Probate Properties, was supposed to be from: J. G. Banks....
He used to charge 6K for his training.
I was able to buy it thru them for about $300., @ $50. a month for 6 months.....it made it easy to buy.
It is very comprehensive.
You are taught how to go to the County Courthouse & search through the records & find the potential Properties, & how to contact the Heirs, who are to be the new Owners, & make an offer.

Has anyone heard of or dealt with: HIS R.E. Network or Rick Melero? They are having a Commercial REI Bootcamp in Orlando this upcoming weekend, & I am registered to get in for free, due to having been a member of the "Greatest REI Giveaway Program".

I think some of these "Gurus" share our e-mail addresses.
It seems that we may like a newsletter or sign-up to view a video, & before you know it, you get all these other, similar, e-mails from others who are probably their "Guru Groupies" or "Proteges", trying to sell me their program.

My Business Partner had joined their Group & Mentoring, etc... He raves about them & their Marketing. He especially loves their idea of sending a 3X5 Postcard of a house for sale & mailing it to the neighborhood it is in, to get buyer leads. It worked for him.
he is on the sidelines right now.

Are there any other Courses out there, that are similar, & may be better, for the raising of funds??

Thanks Steve for the Summary.
The guy seems to make it sound too easy to do.

A great CAP Rate is always said to be 10%+....but, that is the return, only if you pay all cash on the Property. Mostly, you also have a Loan against the Property, & that has to be deducted from the NOI numbers, to get your real return...& divided into your Investment is the Cash-On-Cash return.
You also want to look seriously at the underlying Business & their Financials, to make sure you will seemingly keep getting that monthly check from them.