All Forum Posts by: Ronald Barnes

Keith.    What Cameron gives is transactional funding.    This is a short term loan of 24 hrs or less and is not funding for rehab.   There are no fees apart from buying the program.  It can be used as many times as needed while a member.    This funding is used if you want to or need to do a double closing.      This is needed if you are “wholesaling “ a foreclosure from a bank that doesnt allow assignment of contract.   Or if your assignment fee is large and you dont want seller to immediately see your $$ you will make,  you can close in a double closing.   My problem with the program is the expensive mentoring program.   But his data and this transactional funding is legit.       Ill repeat though, this is not a rehab loan. 

This is a follow up to my post.   I signed up in early June 2020 and gave the program a shot.   They set up a website,  but gave me the wrong ad campaign.   I inquired about it about a dozen times with no change.    If you have a question you may get a response in 24hours.  There were times I received an answer in the same day and times the questions were never answered.     I have gotten zero leads in about 6 weeks, so I was unable to test out the scripts and contract suggestions.        My trial period expires  July 31st.     I am going to cancel next week a few days before then.   I will advise if any issues with the refund.     Just didn't work for me.   The website didn't generate any leads.  I can only go by my personal experience.  Unable to recommend.

I signed up for his Mentoring Program in April 2018.   It was the 20k program and a bad decision.     I give a thumbs down for the mentorship program overall.   He does have data, data data you can get from public records, but its very convenient to get quickly in one space and set up well.   I would say that if an expert, the tools that are given will be helpful.   But if you are a novice, won't know what to do with them.   IF you have a question you can mail it in and someone will respond to it the next day.  He considers any response to mean they delivered.    So if you had a question what is the cure for cancer and the response was "I don't know" they answered the question.     I joined another program since his program didn't work for me that cost $997, had a real mentor and started closing deals.   I did use Cameron's  Proof of funds letter that helped give me some credibility for foreclosure deals.  But after getting deals under contract couldn't find cash buyers which he said is easy part     He has a cash buyer data feed that didn't work at all, so I had to buy a deal myself and fix and flip.   They tried to use this deal to mean it was a total success, but my intention was to wholesale it    Mentors are hit and miss, it depends on who you get.   The ones I got in the beginning were pretty bad and were investors themselves.  They gave me another one in the end who was good, but I already had lost faith in the program.   Last thing my original mentor wanted was a competitor and I was in his market in the midwest coincidently.   They Wouldn't give a refund within the first month.     Had a guarantee that if you don't make double your money back in a year, that they will give an additional year.   In my case they didn't honor that and cut it short.      He feels that if a mentor is closing a lot of deals that means hes a good mentor.   That is like saying  Michael Jordan is an excellent coach.  Doesn't work that way with mentoring.

I just signed up In Early  June 2020. First two weeks I did nothing and was finishing up some work assignments.  But since then have been all in.   So far its a lot of good information. The company has a real product and service. Basic info like scripts, how to talk with sellers and walkthrough basics etc.   They don't know your expert or novice level so break things down for both that level.    I have a 60 day trial period and a 3 payment plan for $997 total.   I am and giving it my best shot.     The help support is a little frustrating in that If you have a simple question have to wait up to 24  hrs for an answer, but they have responded in 24 hours the majority of the time.  Would be good to have a few people who can answer the simple questions.    My website is up for over a Week  and my advertising campaign started 5 days agp.  I have had 17 clicks on my links in 5 days.   The webiste is basic and simple which I think is good.    No leads yet apart from me putting in Test lead to see how things get updated.   They are to tweak the ad campaign after a week is what the representative told me to make some changes based on the analystics.   I do like this review of the data that its not one size fits all.   For me I have 3 months of hosting,  then its $47 a months afterwards.   I have decided that if I get 10 real leads and able to look at 3 physical houses or if I can close one deal within the 60 days I will be satisfied.     I think  10 leads in two months or one real estate deal in 2 months is not asking for much.     I will follow up here objectively and scream to the heavens of my success using this program.   I truly hope that it works for me.    The webinar does imply the leads with flow right in.    I do hope that occurs after they tweak my add campaign early next week.

I believe you will do well. Ignore the negative talk. Many title company people and agents who are not investors will bring up the "due on sale" clause when deed transfers. I've never seen it implemented by a bank. All banks care about is if the payment is made or not. What if they want due on sale and the house forecloses? Many don't realize how bad it is for a bank to have a foreclosure on the books when all they had to do was accept payment on a performing not. I have talked to title companies who have no idea, who say that wholesaling is Illegal and the subject 2's are illegal, then walk across the street with an experienced title company that does them regularly with attorneys since they know its real. Find an attorney in your state of interest and just ask if they have experience writing up owner financing notes, lease option contracts and Sub2 deals (all three). Once you find your attorney, you are golden. I have been told and read its best to put the property in a land trust as an extra layer of caution for the "due on sale" clause if the seller is nervous about it. I wish I could partner with you some way. I am based on St louis and just started a program and looking to do my first sub2 deal. My experience is with owner financing and fix and flips. Good luck, and your goals are realistic. Never let a person say your goals are unrealistic ever.

Sproudt is a company that applies for credit cards on your behalf.   Whatever credit they get for you they charge a percentage.    The credit cards they apply for have the introductory 0% for purchases, so they word it as if the interest rate on the line of credit is 0% for 12-15 months (depending on the card)     They are very misleading and they know it.    They really want you to think you are getting a line of credit you can draw from and write checks against.    But its just credit cards you could apply for on your own.     Their value is if you didn't know that Chase, Bankof America, Discover, Citibank existed, but if you know they exist their value is close to zero.         But if you have good credit and absolutely need cash for that golden deal,   then it may be worth it going the credit card rout.     They also have some creative ways to get cash off of the cards as purchases where you pay a 1-3% fee,  but its treated as a purchase.   Some cards have introductory cash back amounts in that percentage range so you can break almost even.      Are the a flat out scam?  The answer is no,  a credit card can technically be considered a line of credit.    But they know that is not what the person who contacts them is looking for.     Lastly,  you credit is going to take a big hit and have many many inquiries.   They will suggest credit repair that is hit or miss with those things.     I think if they were honest and upfront that they would get more business.  But they are not transparent.