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All Forum Posts by: Azzeaz Saleh

Azzeaz Saleh has started 6 posts and replied 13 times.

Post: Chris McClatchey Multi-famly Guru Beware?

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2
Originally posted by @Account Closed:

First for all of those questioning the current posting students, go and see this post, it is over a year old and has comments from all over the country from seasoned BP members and pros about Chris and his organization:

https://www.biggerpockets.com/forums/79/topics/153...

Hence if you don't want to believe what this current thread offers relative to Real Wealth, Chris and their credibility read what non-students have posted about this organization from that post.

Secondly, I have been a member on this forum since 2011: 

Member since February 1, 2011 (last active 1 minute ago)

and although I am not an active poster I have used this site endless times to find information and seek advice. 

Now on to my experience with Chris, Steve and the staff at Real Wealth. I purchased Chris's mentoring program in October of 2014 which was effective for one year.

To this very day I can call, email, text Chris, Steve or his staff and get a response (usually in multiple formats) within 24, yes I said 24 hours. Most of the time within hours, not days. Keeping in mind I am not paying nor have I paid anything to this organization since my mentoring program expired in October of 2015. When I started this program I had wholesaled one property and fixed and flipped one property with a seasoned JV partner, graduate of Than Merrill and lost money on this deal.

Since working with Chris and Steve I have over 10 buy and hold rentals ALL free and clear and have wholesaled another dozen properties, two of which were owner financed at 0%. I attribute that success to only one organization and that is Real Wealth; their continued support, guidance, advice have had an active presence in the acquisition of these properties plus Chris, Steve and I have visited with each other on multiple occasions in Florida and Michigan where I am from. Furthermore I am 100% certain that if I were to contact them now, today I would get a timely response from them personally. (can't say that about any of my other "guru" connections

Additionally, I am a member and participant in three local REIA groups in metro Detroit.

Although many of you will discount my comments as I have always seen the value in educating myself and am willing to spend money for that purpose. I am certainly speaking from a point of expertise; relative to "gurus" and their promises/messages. I have seen and purchased various programs from *************, Ron Legrande, Larry Goins, Kent Clothier, Josh Cantwell, Robyn Thompson, Kathy Kennebrook, Cameron Dunlap, Than Merrill, Trevor Mauch, Diane Conklin, Duncan Weirman, Preston Ely, Lou Brown, Jerry Norton, Jay Conner, John Cochran, Josh Schoenly, Lance Edwards, Lee Arnold, Reggie Brooks, The Wolffe Couple and many others. Now, keep in mind I have only pursued coaching/mentoring from 3-4 of those mentioned above and all but one of them was considerably more expensive than Chris' program and in all cases the founder/speaker/guru was not my actual coach/mentor and in all cases I did not have the possibility of connecting with the guru directly and personally. Those programs that have since expired DO NOT OFFER continued support or guidance and hence I have no continued support with those organizations or people.

So if asked who would I recommend, the #1, best, finest, most supportive, most committed, provides superior and timely responses; actively participates in the marketplace as an investor, hands down, top of the list would be Real Wealth, Steve and Chris.

It's a shame that this thread has moved toward a tit for tat, less than productive exchange and hopefully none of you will choose to attack me as well?

Finally, I will close with one simple remark to Ed Perkins. Ed, Chris has offered in multiple posts the opportunity to address these issues with you personally off this forum. Hopefully, you will move toward a positive solution for all involved and be able to return and post a equitable solution as the resolution to your original thoughts and thus end this discussion and the thread permanently.


I feel your review is one that I can trust.  I really dont need Chris's course to do deals or make good money in real estate.  However, ego aside, he demonstrated to me at my local rei that he has a greater value to offer than other teachers.  I really dont do interest and dislike it very much.  Because of this I feel I am probably gonna connect with him in the future.  Thanks for the review.  Another real deal person to learn from is Wendy Patton.  Just thought I would throw that in there.

Post: Question for Real Estate Agents Who Wholesale Properties

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2

for the record:

4. A NET LISTING / BUYER AGENCY
A. The broker is permitted to sell or buy property for the client at a set price. The Broker
is permitted to sell the property for more money, or buy for the client at a lower price but
keep the difference. NO COMMISSION OR PRICE IS SPECIFIED IN ADVANCE.

B. This listing is ILLEGAL in Michigan

Example: Property has fair market value of $400,000, but the seller feels it is
worth $350,000. The broker promises seller the $350,000 and is permitted by
seller to ask any amount higher than $350,000 and keep the difference. The
broker does not tell the seller the true value and seller has no idea what the
broker will be trying to sell the property for.

PROTECTION CLAUSE: A clause inserted in a listing agreement aimed at protecting the
listing broker in the event that a buyer who was found by the broker returns to purchase the
property, directly from the owner but after the expiration date of the listing agreement.



https://www.myrealestateschool.com/images/docs/downloads/Real%20Estate%20Salesperson%20Book%20(PDF).pdf

if you are realtor just charge the seller X amount of dollars and split with your broker, its much easier imho

Post: question about Real Estate Investment Groups

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2

These investment groups, what do they do with membership money?  Some are pricey and I am trying to figure out if its something I want to contribute to?  Is an individual profiting from the membership money?

ex. Rocket Lawyer

I was wondering if anyone has subscribed to pre paid legal services and what were the experiences of doing so.  Which company too.  Thanks

I am so surprised that the whole enchilada package is not being sold used on ebay.  It must cost a fortune since they want you to call. 

I am a realtor in metro detroit area finding deals on price but not to the effect I can cashflow 350+/month.  Of course I dont even look at city of Detroit properties because I work mostly in surrounding areas.  The killer for me on cashflow is property taxes are kind of high and insurance.

Post: Cashflow Question whats a minimum to aquire

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2

I was doing calculation on a property I bought to flip. The rehab part came a lot over budget but I was able to get away with keeping it at around 75%. I have a choice to do BRRRR or Flip. If I go the BRRRR Route my Cashflow will be around $63/month. Its low but I will have pretty close to zero dollars. I will however need to maintain 6 month reserve of PITI in the amount of $4312. So not sure what direction to take this. Am I missing something?

Post: Question regarding brrrr and piti requirements

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2
Originally posted by @Account Closed:

@Azzeaz Saleh Some lenders don't require a seasoning period. Usually that's the smaller community banks or credit unions that are more lenient on that term.

I didnt mean seasoning.  The bank wants 6 months of principle interest taxes and insurance to finance investment properties 

Post: Question regarding brrrr and piti requirements

Azzeaz SalehPosted
  • Dearborn, MI
  • Posts 13
  • Votes 2

How does someone do so many brrrr without the lender requiring 6 months piti on each property.