Re: Questions about Real Estate Riches in Maryland

Hi Wally,

I have bought 5 properties (7 units) in the last 5 years by just buying 
the first one,
fixing it up to be worth more and then refinancing to get the down 
payment for the next one. As long as you make sure it cash flows and 
that you have some reserve money it is easy as pie. You'll give up a lot 
of stuff like nice cars and $350 shoes but who needs that crap anyway? 
I'd rather have the houses. Once you get over 5, you can easily buy 
another every year. Go ahead man - live your dream but don't let those 
*****-ass wannabees make their living off of your fear.

Louis

wally wrote:
>  I am glad the process worked for you. I went to a seminar last week,
> and felt that the whole presentation was rather slick and canned. When
> they waited until near the end of the seminar to mention the $9500 fee
> my scam/rip-off detector screamed GET THE HELL OUT OF HERE! The RER
> radio program stresses, "don't bring your checkbook-work only an hour
> a day. Any reasoable person knows it can't be that easy. If the
> program is workable and profitable, I feel the company is doing
> themselves a great disservice by presenting it that way. Who knows,
> maybe thats how they fill the seats.
> When I reviewed my notes and thought about the seminar the next day, I
> realized they do seem to to have a reasonable and potentially
> profitable system. It's always good to have a good team behind you
> when pursuing something new. The most!!!!!!! believable part of the
> entire seminar were the three guys who had completed  the program and
> claimed that they were profiting from the system. They seemed like
> average run of the mill guys who made the program work for them. God,
> I wish now I had stayed around to talk to them.
> My nagging doubts still remain. How through was the training? How
> dedicated are the mentors? Do the dedicated vendors really go the
> extra mile? Where does the financing come from? How much time do you
> truthfully need to spend in a week to make a reasonable amount of
> money? How long did it take to recoup your initial 9500$ investment?
> If someone is out there who has completed the program and can answer
> my questions, please do. I can't seem to get the rip-off possibility
> out of my mind. I may also be looking for a potential partner in the
> Philadelphia area. Any replies appreciated.
>
> Thanks for listening to my rant, and have fun,
> WALLY
>