All Forum Posts by: Dee Abbott

Hi, 

I ran across Art Veal who is selling a retail wholesaling course that he calls Quick Turn Real Estate. He says that he's using an exposure limit loan to buy and resale properties to retail buyers. Unfortunately, he wants to charge $150.00 to anyone who wants to know his lending source and told me to google it if I don't want to pay for it. I did just that and can't find one lender who has an exposure limit loan program. Most lenders I've spoken with say that he's re-terming a DSCR loan, but what he says his loan does is not the same as DSCR. I have two questions for the BP lending community:

1, Has anyone ever taken Art Veal's Quick Turn Real Estate program, and what was your experience? 

2, Do you have a source or information where I can find a lender who offers Exposure Limit Loans (hopefully for free)? 

Where did you get this exposure LOC?

 Thanks, Allen, Should you care to share "how to" please let me know. I'll find a way to make it mutually beneficial. 

 Will do, thanks. 

Appreciate all the help. 

Thanks for your help, Conner. 

Can anyone recommend an A to Z MTR Rental Arbitrage System? (I've read the book 30-Day Stay but it's not in-depth with scripts and contracts). Thanks in advance. 

I wanted to keep this post alive since I came here looking for feedback about a solicitation I received from Peter Vekselman's "Use my Money." partner program. It's 2023 and Peter Vekselman is running the same old dog bird program via @jpmoses from Awesomerei. Currently, it's $6,500 but the website says $7,500. Not sure which is the correct price. However, a quick YouTube search shows Mr. Vekselman as a guest on Luke Charlton's podcast "The Power of the Unique Offer" glorifying the benefits of his admitted bird dog program. @Joe McCall is correct he's no longer partners with Mr. Vekselman. He is now pushing selling vacant land and becoming a Pace Morby gator lender. Way to go Joe. 

I lurk more than post on BP, but I personally don't invest with real estate "gurus" who don't practice what they teach. Many advertise that they will teach creative strategies to find and acquire expensive real property. Where are those creative strategies when selling their expensive courses? A couple of hundred down, fifty bucks a month, with a balloon payment due when the first deal closes should pay for your program if it is what you advertised. 

It'd be great if gurus actually proved they make money by closing real estate deals and not hustling expensive education to newbies. I personally believe many, not all, gurus use education money to fund their own real estate deals. Even if they honor their refund policy, it's a 60 to 90-day zero-interest loan from newbies who get nada. Nobody has time to lend free money or chase refunds.  Good luck out here. Onward and upward. 

Just got off a hour long webinar via Wendy Patton for CI and they want $1,497.00 for a lifetime membership for Pinpoint 4. The sales guy was doing the typical testimonial(s) examples and now is the time to move to MICRO Flipping (known as virtual wholesaling) because of COVID19 recession.  Also, mentioned how you could see shadow properties, flips profits from other investors (who knows if this is real info), vacant prop's, pre-foreclosures, and prop's with low mortgage balances.   I'm surprised it couldn't see who the next president would be.   

Anyway, I've learned that over the years that if a RE guru paints this long drawn out picture that you suck, but our program/software can make you not suck, it's probably snake oil. I always come here to get a review before I buy anything so I'm glad my suspicions were confirmed by past CI customers. 

Thanks BP community.  

 

@Account Closed thank you very much for your referrals. I do indeed plan on moving into the commercial real estate investing arena. I'm going to jump into these right away.  Onward and upward.