I don't know whether to believe this or if it just another of their lies.

They had to lie (i.e., do a stated income loan) to qualify for the teaser rate.

They are all LYING TO YOU!

That is just a lie!

The education, if applied, is extremely informative and you do get the network of people that are involved in the community.The problem lies where people forget that they want to become real estate investors and they turn into slimy salespeople trying to sell you a ridiculous 20K package in tough economic times in order to make a 10K commission.Just my .02If you are reading this and are considering joining NRU.

Also keep in mind that not all expenses will be available to you and many sellers hide/lie/etc. about the real numbers.

He wont return my phone calls, constantly makes up excuses, lies to me and puts me off when I tell him to meet me for a showing.I'm under contract with him and I want out.

I don't have the 100 or 150k lying around and wonder if a temporary line of credit would be the way to go.

You will meet a lot of landlords that way, and then you can share your war stories (and we all have them..if folks don't have war stories then they are lying about being a landlord).

Double check every thing they tell you and if you catch them in a lie, back away from the deal.Also, 5 minutes on Realtor dot com checking the asking prices in that town will tell you a lot about the deal that is being offered to you.