Originally posted by Dennis Treacy:
Originally posted by Karen Parker:
Originally posted by Dennis Treacy:
Hello, new to this site, but not to investing.
D.C, Fawcett's system is exactly that a system. You have to sign on for the $5000 grand deal to make it work his way.
Now that may seem kind of high priced, but if you know nothing about investing and have no money to invest what is your plan B?
Your plan B is to take the time to learn the business, the way he and all other successful investors did. Trial and error.
Btw, D.C. is not a rip off, I am was but am not currently his student. I am going it on my own as I have access to big bucks for the AB transaction.
I'd like to add that I fully agree with all of the above except the part about being one of his students. With the exception of the fact that in a way, I still am. Since I live right down the road from DC I see him frequently and attend his seminars quite often. He is by no means a fraud. I started in RE investing by attending meetings at my local REI association so I knew the basics, where and how to get funding, how to spot deals etc. etc. before I ever met DC. I do not need to purchase an entire system to follow in order to repeat the process he explains. Did I ever purchase one of DC's programs? No. Do I watch his seminars and follow his system? Hell, yeah. He's good.
Karen,
In stating one has to be one of his students, I am not wrong. DC will not do a deal with you unless you are one of his students who has shelled out $5000.
He will not allow you to use his business team.
The A-B transaction is not a problem there are plenty of lenders willing to lend millions of dollars for 3 points for an hour or so. DC's system includes the use of his loss mitigation negotiator as well. I have negotiated and closed on short sales, the negotiation process is time consuming and frustrating.
DC's system is a good one, for free he will give you his letter to send to real estate agents. I would suggest to any one who is interested in working with DC to send out his real estate agent letter. See if you get a response, and see if you can get an agent to bring you a million dollar house to short. If you get a million dollar short sale offered to you then make contact with DC.
I guess you missed the point. Who said you have to do a deal w/ DC? I am not forking out that kind of cash. I'm in this business to make money, not spend it. There are plenty of negotiations firms out there and many transactional funders and none have cost me the total of $5K to use them. It's also a pain in the neck to find a realtor to work with you. And although DC's system focuses on high end properties, you don't have to use it for just that. Think outside the box for God's sake! That's what's wrong with the sheeple today. They can't do anything but what they are told. All I'm saying is take his techniques and use them to your advantage. Like all gurus, he has something to offer and its to your advantage to listen. He didn't get where he is because he doesn't know what he's doing.
As for that letter, he gave it out to anyone that was viewing his seminar on short sales and I haven't looked in a while but there was a link to it in his blog on Facebook.
