Real Estate Riches - Quick & Easy?

By
Real Estate Agent with Real Estate

Quite often I wake up at night and aimlessly flip through TV channels in search of interesting content. Last night was one of those occasions where I stumbled into a Financial Guru's Infomercial.  This one is coming to the area and he was touting the millions he made in just 18 months. If one program isn't right just flip the channel because someone else may have years of experience teaching millions of people the secrets of success.

  • You do not need money, there are government grants to help you.
  • You do not need credit, sellers will be happy to help with financing.
  • You do not need brains, the systematic program gives you every step.
  • You do not need to investigate,  we provide plenty of testimonials.

Being in the Real Estate Business I'll stop and watch the show wondering if people fall into a hypnotic state and purchase the program.  Is it really that easy?  Could I be the only Non-Believer?

  • The only thing you need to do is make a phone call to become wealthy.
  • Proven system to make thousands of dollars on your first transaction.
  • Better than nothing down - you can walk away from the closing with cash.
  • Increase your net worth, develop an income stream and retire early.

In all my years as a Real Estate Agent I cannot recall ever running into a real live success story from one of these programs.  At open houses I meet all kinds of people but no one has ever said Carleton Sheets or Russ Whitney showed me the way.  Certainly millions can be made selling a dream, wonder how many are living the dream. 

I am curious, Anyone have a story of failure or success from these type of programs?

When you are Coming to Connecticut -  Contact Dan Cummings - The Running Realtor for help with Real Estate.

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Rainmaker
163,666
Suzanne Sands
Pavao Real Estate - Somerset, MA
Somerset MA Real Estate

Dan,

You are too funny! Have you seen The Magic Bullet? I sooo want that....:) I have yet to see anyone get rich like the infomercial but let me know if you hear of anybody. :)

Jun 25, 2007 09:23 AM #1
Rainmaker
157,322
Sandra Cummings
William Raveis Real Estate - Guilford, CT
Real Estate Agent, Guilford Connecticut

The only ones getting rich are the ones holding their seminars and selling their programs.

Sandra

Jun 25, 2007 09:27 AM #2
Ambassador
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy Dan

I have not had anyone tell me they have gotten rich from any TV add.

I think the ones that are going to get wealthy are the ones being called.

Jun 25, 2007 09:31 AM #3
Rainmaker
217,380
No Longer Active
Real Estate - Fallon, MT

Suzanne... Is that the expensive blender that melts the pounds away?  I think the real theory is that people lose weight after buying it because there is no money left for food...

Sandra & Dale...  Maybe we don't see the successful people because they are spending all their time in some exotic resort while the money flows in.

Jun 25, 2007 09:54 AM #4
Ambassador
1,709,615
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy Suzanne

Will go along with you on that they do not any money left.

Jun 25, 2007 09:59 AM #5
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Hi Dan,

I do know a former Realtor friend...I think his license is inactive now.... He was in construction and got into real estate as a pre-retirement income. Shortly after he began in real estate, he started attending these flipping seminars around the country. I don't think that he ever made a dime. The company who was assisting him to "become a millionaire" was getting a lot of money from all of the seminars and tapes they sold him.

I don't think the advice was very good either...The last phone call we had, he wanted me to "feed" him listings prior to putting them in the MLS. I told him that was unethical and he said, that if I don't, someone else will....Sounded like informercial advice to me.

Like I said that was years ago and I never once saw a home flipped by his company on the market.

Jun 25, 2007 10:13 AM #6
Rainmaker
163,666
Suzanne Sands
Pavao Real Estate - Somerset, MA
Somerset MA Real Estate

Hmmm.....The Magic bullet or Food ????

Jun 25, 2007 10:44 AM #7
Rainmaker
217,380
No Longer Active
Real Estate - Fallon, MT

Teri... I never attended one of the seminars but suspected they were feeding people a theory that sounds good but in reality rarely works.  Just don't understand why after all these years they still have a big marketing budget to air the infomercials year round. 

Would think word leaks out from the thousands of people that have tried their method and failed.  Actually I didn't think of it earlier but there must be some Internet reviews on this stuff... I found a site with Pros and Cons of the Carlton Sheets program.

Jun 25, 2007 10:56 AM #8
Rainmaker
217,380
No Longer Active
Real Estate - Fallon, MT

Suzanne... You'd be buying the LIFESTYLE,  Don't forget to invite me to the ActiveRain Bullet Bash on the beach.

Jun 25, 2007 11:03 AM #9
Rainmaker
337,464
Thesa Chambers
Fred Real Estate Group - Bend, OR
Principal Broker - Licensed in Oregon

I have the magic bullet and the knives too.... my husband is a sucker at the county fair.

I have never seen or heard of anyone doing well on these programs - anxious to see if anyone has - but not holding my breath

Jun 25, 2007 12:08 PM #10
Ambassador
3,842,884
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert
Dan, I don't know of anyone that ever made any money from these get rich quick programs.  But I do know of a few that gave them their hard earned money and never made a dime form all those great and easy information that they were given.  The only ones that get rich off of these things are the ones selling the information.
Jun 25, 2007 12:26 PM #11
Rainmaker
163,666
Suzanne Sands
Pavao Real Estate - Somerset, MA
Somerset MA Real Estate

LOL! Now that sounds like fun!

Thesa,

Is the magic bullet as cool as it looks? I have to keep my hubby away from infomercials! LOL!

Jun 25, 2007 12:33 PM #12
Rainer
98,203
Danny Smith
DISCOVER TEXAS HOMES - Round Rock, TX
I've actually had somone who wanted to invest in properties with me who was going to buy this guys book. I laughed so hard as I rolled around on the floor!
Jun 26, 2007 05:34 AM #13
Rainmaker
206,314
Chris Tesch
RE/MAX Bryan-College Station - College Station, TX
College Station, Texas Real Estate
I think it's terribly sad that these people are being taken advantage of.  In the ads they target just those type of people who are desperate enough to believe that there might be an easy way out.  I've been young and stupid before.  We didn't know where our next bag of diapers were coming from and we wanted a way to get out of it  Didn't invest in this stupid plan, but the only thing that stopped us is the initial cost of the program!!!
Jun 26, 2007 08:20 AM #14
Rainmaker
217,380
No Longer Active
Real Estate - Fallon, MT

Danny... That laugh must have saved the guy a bundle...

Chris... I agree they target the people that can least afford the hefty fee and make it so easy to get trapped.  The show I saw had a $10-15 dollar trial fee but I'm sure it's easy to miss so you wind up owing the entire program cost.

Jun 26, 2007 10:13 AM #15
Rainer
18,980
Michele Van Detti
CJR - Gilbert, AZ

Ohh, I have the magic bullet and I use it.  I make hummus and gaspacho in it all the time, but it SO doesn't work like it says on TV.  It's much like a real estate seminar this way.

We also have some knives, a hair care product that shall remain unnamed, Pro-Active (which actually worked like a charm for my step-son), and the Bender Ball (excercise equipment--I'd take it out of the box but it looks so pretty in there!).  In summary, I'm not proud of it, but I hide the credit cards from Mr. V. when I go to bed first.

Jun 28, 2007 12:36 PM #16
Anonymous
olly mcevans
Not sure about real estate seminars-but the bullet is the best blender in the world!  Unscrew the bottom to really clean the blender.  Soup, smoothies, shakes... terrific!
Feb 22, 2008 02:17 AM #17
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