Wow. Turns out that there's a 24-yr-old "Real Estate Expert" in the Sacramento, CA area who has bought no less than 8 properties in the past calendar year. He was a subscriber to the Carlton Sheets program, among others. And he's in a world of ship right now.
If you don't know about the story of this guy, Casey Serin... now is the time to learn. His website is a wildly entertaining read. Throughout his website, he dodges the gray line of what's right and what's wrong.
Worse: He's put enough info on his website that ... well, he can do some serious jail time.
Trust me: EVERY Realtor should take a few minutes to review his website, and his semi-sad story. Start here: http://iamfacingforeclosure.com/1/why-i-am-facing-foreclosure/
And his home page:
http://iamfacingforeclosure.com/
And the news goes on... every day. Just do a Google search on http://news.google.com and enter "Casey Serin"
You'll be amazed. This ... er, 'investor' has lied, cheated, swindled and taken advantage of our current Mortgage Lending System - nine ways from Sunday.
There are lessons here. Many. Again: read and be amazed.
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Actually, Jim. he's just a crook. Instead of using a gun, he used a pen. He defrauded 8 different mortgage companis with his deceit.
His youthful inexperience is working for him and keeping him out of jail. To this day, he refuses to get a job and continues to complain how the system that he defrauded is "hurting him".
He and Ken Lay should share a cell