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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, more effective methods of profiting from notes as detailed in Bill Vaughn's "Simple Man's Guide to Real Estate", and they do not require licensing).
As far as Dalbey's topic (notes) goes, his program is not even close to complete unless you buy into all the add-ons and the expensive mentoring (up to $45,000). And unlike Vaughn's and LeGrand's programs, Dalbey 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 eye-opening letter from a gentleman who was one of Dalbey's Senior Directors of Business Development...
The basic program, which is actually a "teaser", is of no help to a novice. Even for a professional note broker, success would be limited to the 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. It is always wise to have more than one tool in your toolbelt.
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: 370 complaints in just the last 36 months.
OVERALL COST: Intitial "teaser" cost is small, to get the customer hooked. Then a strong attempt to up-sell to expensive mentoring and ongoing services (reportedly up to $45,000).
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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