Yeh i wrote to him after reading his newsletter about it in feb last year. he wrote back with an incredibly biased and bitter letter about the investment club. It was pretty clear i was not going to hear anything informative. There was nothing informed about it, it was more hiss hiss. The reason i wrote to him was he asked people to do it as he had all this information on them, but really it was about this one woman that bought a house that lost value and demanded her money back.. and got it. I listen more to people who are informed and not so one track minded. I speak to brokers, accountants and legal people. No one has said they are a sham but more a real estate agency. As long as u jump with your eyes open its all cool.
At the end of the day they do not own the house .. you do. By everyone going around saying its not a club.. i would not be so quick.. have a look at the amount of clubs at the moment and what they do to the average joe and his money. Gambling like nothing else.
I am not here to say they are the best but they definately have a great formula and resources to help people. By saying the prices are more than what the market is going for, maybe some are, i am sure most people catch on if they have any idea at all. But i researched all the areas they had stock in and not for a couple of weeks but months. I am a fraud investigator with the government and my parents both previous real estate agents. We looked into them and asked around alot. And as long as people are aware then there is no harm.At the end of the day i believe they are a great source for people who do not want to go it alone, or people who like to be part of a group. Yes they make a mark up..but the houses are not more expensive. they openly tell you that and if u sit with the local leader or whatever they call themselves he will tell you he gets a take. It is all about making people rich.. and its not like its people who do not have homes selling other houses to people.. they also buy up the properties.
fingers crossed.
fingers crossed.
