All Forum Posts by: Ken Latchers

Let me give the juicy part of one of their emails to their email list. The email is one of a series this person sends out to EVERYONE, even though he never had any contact with them. The post was on a social media for training, and it quickly moves on to opportunities to invest in the apartment buildings he gets:

" Like the bank were about to move forward with
on another “repo” property they want to get rid of.
It should be ready for investors in 10 days.
And you get to benefit without the long-term suffering
and murderous learning curve.
Like the investor from Thailand who just called me and
is ready to move forward.
And the guy from Florida who now investing after reading my
e-mails for 2 YEARS (you guys drive me crazy).
It’s been an excellent first quarter…distribution checks are
on their way…like the 4% return on the XXX
property (16% annual).
And we’re falling behind market value on many rents,
so we’re bringing them up on most properties…to be fair
to the renters and to ourselves.
No need to gouge anyone…there’s plenty of money
with the (boring) straight-shooting approach.
But it means higher cash flow returns.
AND YOU DON’T HAVE TO WAIT TO READ 2
YEAR’S WORTH OF E-MAILS BEFORE YOU CALL ME!
Contrary to popular belief, that’s NOT a requirement
for becoming a partner investor.
You can call NOW, and still get in on a great 2nd quarter:
Or…you can forgo the satisfaction of ripping open
8 more fat distribution checks over the next 2 years…
And call me then, anyway.
But why wait? "

Given the SEC rules, I see some real estate course gurus who seem basically to pursue private money as follows:

1) You contacted us about our course (perhaps through one of thier spams, facebook or LinkedIn postings.

2) Therefore, we "know" you (and did not get you directly through the now-illegal advertising such as newspaper ads). NOTE: I noticed statements to this effect (you know us because...) in their emails

3) How would you like to become one of our private money lenders? Why, here is a great 16-unit apartment and you could get up to 15% by jumping in now...

Is this REALLY fulfilling the SEC requirements/exceptions (REG D, etc.)