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Below you will find overall ratings for the "major" real estate gurus with links to their individual, detailed review pages. Or visit our home page featuring all of them here.
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Russ Dalbey
COMPLETENESS: Of the 21 methods listed, Dalbey covers one - note trading. And he fails to mention that trading notes in the manner he suggests requires licensing by both the state and the federal government, and regulation by the Securities Exchange Commission (NOTE: there are better ways, covered in "The Simple Man's Guide to Real Estate" by IntelliBiz, and they do not require licensing).
As far as his topic (notes) goes, his program is not even close to complete unless you buy into all the add-ons and the expensive mentoring. The basic program, which is actually a "teaser", is not complete enough to be of much help to a novice. It should also be noted that the Dalbey "Note Network" program covers just one minor aspect of real estate investing - notes. As such, even for a professional note broker, success would be limited to availability of good notes. In short, you should think twice before putting all your eggs (money) into such a small basket (notes). You would be well advised to find a program that covers all methods of real estate investing, including notes, such as the program found here. It is always wise to have more than one tool in your toolbelt.
COACH COST: Some customers have reported having their accounts drained by us much as $45,000 for mentoring that had little or no value.
COACH QUALITY: Coaches are not professional investors - they are trained telephone operators, trained to "up-sell" you into ever-increasingly expensive add-ons. Before investing in this program, read this letter from a gentleman who was one of Dalbey's Senior Directors of Business Development...
SUCCESS RATE: Unknown. Of the sources contacted, none are aware of any substantial successes that can be attributed to the Dalbey program.
BETTER BUSINESS BUREAU RATING: Fair. Although there seem to be far too many complaints, the Dalbey company does appear to be working to resolve them to the satisfaction of the BBB. We find it troubling, however, that so many complaints make it to the BBB (370 in just 36 months).
OVERALL COST: Intitial cost is small, to get the customer hooked. They are then advised that success pretty much depends upon the expensive mentoring and ongoing services. Mentoring is $15,000 or more (up to $45,000 reportedly). There are numerous expensive add-ons, most are necessary for success, and even then success is unlikely.
COMMENTS: If you are truly interested in really learning how to make money in real estate, including a note strategy that does not require licensing, and receive the benefit of free, unlimited coaching, all at a price you can afford (there are no add-ons or hidden costs), "The Simple Man's Guide to Real Estate"®, by investor Bill Vaughn is worth considering. Bill's credentials are sound, as he is the person who developed the Reverse Mortgage that has been endorsed by the Department of Housing and Urban Development (HUD), and helped develop the Equity Participation strategy also endorsed by HUD. And their personal coaches are actual, practicing investors who volunteer (it's free) on a not-for-profit basis to help others. It is the only low cost program found that provides free, unlimited coaching from actual investors. And their instant download (full version) allows you to start immediately. It costs nothing to check it out...
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