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  • Report:  #82514

Complaint Review: John Reed

John Reed, Jack Reed Another Real Estate Scammer But Very Angry! Alamo California


*UPDATE Rip-off Report Investigation: John Beck Pledges To Resolve Complaints. - commitment to 100% customer satisfaction - Consumers can feel confident & secure when doing business with John Beck.

  • Reported By:
    Las Vegas Nevada
  • Submitted:
    Tue, March 02, 2004
  • Updated:
    Sun, July 04, 2004

I have not purchased any of John Reed's materials. Thank God. I have seeen the stuff he "publishes." Save your money. Like every other real estate investment guru, the bulk of John's strategies is to buy foreclosures, distressed properties, rehabs, etc. and put a coat of paint on them and try and resell them for $1000s in quick profits. That scheme did work about 4 years ago before the number of foreclosures and bankruptcies increased exponentially.

As a mortgage broker for over 15 years, I know the "property flipping" strategies taught by John Reed and many others do not work and are often illegal. Doing a simple Internet search on "real estate flipping" will bring up 100s of ads AND 100s of news articles about folks going to jail for real estate flipping. Many of John's competition claim to have "perfectly legal flipping plans." While it is true that you can "flip any property" it requires one vital asset to succeed - a private investor with their own funds. No mortgage lender will allow anyone to buy a property, put some quick money into it and resell it with mortgage lender financing within 6 months! Period. If such a mortgage lender exists, I would be doing the same stuff John Reed and many others tout in their books and seminars!

It was because of the immense losses taken by mortgage lenders years ago, that a "seasoning" requirement was adopted unilaterally across all mortgage lenders - conforming and nonconforming. More than 80% of all mortgage lenders require a property to be owned for 12 months to be resold for more than 110% of what it was originally bought for. So, if you bought that rehab home for $100,000 - do not expect to be able to get mortgage lender-based financing for more than $110,000 unless you have receipts to document the amount of money you put into the home. The other 20% of mortgage lenders have a 6-month seasoning requirement.

So - you can sell a property 30 days after you bought it IF you can find a private investor with their own funds. Think of it this way - you can try and sell your home for as much as you want. Mortgage lenders will only finance the home for its appraised value. Many real estate agents faial to remember that fact.

Getting back to John Reed - he spends a frightening amount of time bashing Russ Whitney. To me, it seems like 2 cheats in a cat fight. John Reed does bash nearly all other "get rich quick" artists. John Reed seems like a very angry man using his web site to vent his fury. John Reeds' stuff is nearly the same as the other real estate gurus, just put together cheaply.

Anyone remotely thinking of getting into rental property real estate for immediate income or long-term profit, should remember one very important fact.

Over the last 15 years, more than 97% of all real estate transactions have been financed by banks and credit unions. So, it might pay to learn residential mortgage lending practices and policies unless you want to spin your wheels looking for the private investors who did the other 3%.

Good Luck.

David
Las Vegas, Nevada
U.S.A.

18 Updates & Rebuttals


Reid

Aiea,
Hawaii,
U.S.A.

Infomercials are nothing but garbage.

#19Consumer Suggestion

Sun, July 04, 2004

Hey Everyone,

I hope that this message finds each and every one of you in good spirit and health.

I just completed a real estate course and I'm now eligible to get licenced to practice real estate in the state of Hawaii. Anyways, that is not what this rebuttal is about.

Oh, and by the way, don't worry about it JP, you didn't even come close to hitting a nerve. You'd have to prove at least one thing, that I say to the contrary to even come close. Suggesting idiotic things such as "testing the waters" and frivilously accusing people of things you obviousy know nothing about won't hit a nerve.

I'm really glad that you laughed a little at my last rebuttal. It's nice knowing there are people out there who find humor in the truth.

To everyone else, don't ever fall for infomercials, regardless of who's endorsing it, actors, attorneys, etc, etc.

There is no reason why any legitimate company, would have to shoot a half an hour fairy tale, full of fine (hidden) print and later on, implement more fine (hidden) print (clauses) in their contract, unless they were up to no good.

Fine print is just that, HIDDEN PRINT. I used to work in retail and I know, that most of the crap being peddled via PAID infomercials eventually end up on the store shelves. Because they suck!!

Most infomercials probably weren't worthy enough to warrant a regular commercial geard towards a mainstream audience, that's why they elect to film a long circus to scam the public. Take notice of the strange hours they need to air them too.

Another thing that truly amazes me is how many paid actors, singers, attornies, etc, etc, are willing to actually endorse these products and services.

If I were an actor, singer or attorney, I would definetily not agree to endorse a product or service, unless I knew without a doubt it was legitimate and I was ready and willing to back it up myself with some kind of guarantee.

After all, it would be my reputation at stake. Well I don't know, maybe it's just me, for I am an honest person, with morals and am not a corrupt person by nature. Endorsments by any celebrity, doesn't make a product, service or offer genuine. As a matter of fact, the bigger the name, the more tentative and reluctant I become.

Scamming people wouldn't be such an easy task, if credit card companies wouldn't make it so. Instead of credit card companies shooting so many commercials themselves, while trying to hype up all of it's services, they should hire people to investigate patterns in fraudulent businesses.

Maybe implement a feature like, stopping all transactions to a particular merchant after a merchant receives an ex number of complaints, until the many unacknowledged and unresolved complaints against it, have been acknowledged and resolved.

Yeeaah, this sounds like a good and marketable service. After all, that's what credit card companies should be doing as a third party to transactions.

They should use some judgement on their part to protect the public from fraudulent businesses and their unscrupulous practices. Trust me, this is not a hard feature to imlement. But will it ever be? After all, the more people that are scammed, the more these credit card companies stand to gain.

How many people need to be scammed by a single merchant before any action is taken? Silly!! This is something you should be laughing at JP.

And to think, you actually side with this kind of activities and condone it. Before laughing at any rebuttals that state nothing but the truth, you should look in a mirror and laugh at something that's really funny.

Until next time, take care cause I care, Aloha from Hawaii and God Bless.


Reid

Aiea,
Hawaii,
U.S.A.

Crack down on illegal boiler room operations.

#19Consumer Comment

Sun, May 16, 2004

Seems like the state of California, is interested in cracking down on fraudulent and deceptive activities. Conduct a google search on "illegal boiler room operations" then click on the heading: California Department Of Corporations-Press Release 01-01. I don't know the specifics on the operation, but it will be really interesting to see, which bussinesses will remain standing after all the smoke is clear. It will also be interesting to watch all of the people, that tried to endorse these programs slowly start to dissapear. Take care everyone and be careful.


Reid

Aiea,
Hawaii,
U.S.A.

Crack down on illegal boiler room operations.

#19Consumer Comment

Sun, May 16, 2004

Seems like the state of California, is interested in cracking down on fraudulent and deceptive activities. Conduct a google search on "illegal boiler room operations" then click on the heading: California Department Of Corporations-Press Release 01-01. I don't know the specifics on the operation, but it will be really interesting to see, which bussinesses will remain standing after all the smoke is clear. It will also be interesting to watch all of the people, that tried to endorse these programs slowly start to dissapear. Take care everyone and be careful.


Reid

Aiea,
Hawaii,
U.S.A.

Crack down on illegal boiler room operations.

#19Consumer Comment

Sun, May 16, 2004

Seems like the state of California, is interested in cracking down on fraudulent and deceptive activities. Conduct a google search on "illegal boiler room operations" then click on the heading: California Department Of Corporations-Press Release 01-01. I don't know the specifics on the operation, but it will be really interesting to see, which bussinesses will remain standing after all the smoke is clear. It will also be interesting to watch all of the people, that tried to endorse these programs slowly start to dissapear. Take care everyone and be careful.


Reid

Aiea,
Hawaii,
U.S.A.

Crack down on illegal boiler room operations.

#19Consumer Comment

Sun, May 16, 2004

Seems like the state of California, is interested in cracking down on fraudulent and deceptive activities. Conduct a google search on "illegal boiler room operations" then click on the heading: California Department Of Corporations-Press Release 01-01. I don't know the specifics on the operation, but it will be really interesting to see, which bussinesses will remain standing after all the smoke is clear. It will also be interesting to watch all of the people, that tried to endorse these programs slowly start to dissapear. Take care everyone and be careful.


JP

Memphis,
Tennessee,
U.S.A.

Reid, I have read your responses - and laughed a little.

#19Consumer Comment

Sat, May 15, 2004

Reid,

I believe my points have been adequately made. A part of me has enjoyed this, but it's now time for me to move on and not waste anymore time bantering with you. I've got a real estate business to run.

May you find success in your future.


Reid

Aiea,
Hawaii,
U.S.A.

Libel is the word you were looking for. What do many others have to lose? Thousands.

#19Consumer Suggestion

Sat, May 15, 2004

You asked: Is that even the purpose of this website? to offer irrefutable proof to every post and rebuttal? That's ridiculous! Of course you should. As for me, I don't have to prove anything, for I am not the one so adamant in trying to convince the world just how great these programs are. That's all you, therefore, I'm sure many people would agree that the burden of proof is on you.

You asked: Have you tried many systems? No, because I believe that would totally be defeating the purpose of this website. I now thoroughly research any and all companies before making a decision. How many times do you suggest one get burned, before finally realizing the iron is hot? I have been scammed many times in the past, but as far as the mentoring thing, just once.

You asked: What have you proven? Once again I don't have to prove anything. I have nothing to gain by coming forward with my true story to protect others from making the same mistake. It's still entirely up to the individual, whether or not he or she is interested in these programs.

If I was adamant about promoting something, I would definetly have no probem identifying myself, and would never get defensive, if anyone ever asked me to. David said that he would love to see your taxes and it seemed to bother you just a little.

You asked: How do we know you're not an alien? Well I might be, but it still does not change the fact that I've been scammed.

You asked: What have you got to lose? Absolutely nothing. At the same time, I have absolutely nothing to gain. I'm obviously not trying to promote anything I'm not willing to back up either.

What do many others have to lose? Thousands.

What do they have to gain? Well, according to all of the unacknowledged reports that I've seen, nothing.

Who's going to be around for the victim, when he or she realizes they've been scammed? You? I think not.

Who's always around trying to turn the blame on the victim after he or she realized the program had nothing to offer? Gee, I wonder? Could it possibly be the very people that sold it to them in the first place?

I agree we should the editor and creator of this board for allowing EVERYONE an opportunity to voice the TRUTH (not slander). This goes for all them gurus as well.

I'm not knocking an entire industry as you have stated, for I am about to attend real estate school in 3 days.

I don't think you should tell everyone how they should feel after they've been scammed, if you yourself have never been. To judge people and their attitudes, when it's a fact you don't even know them, is also not very cool.

You claim to not have time to somehow prove my positive experiences and personal success to you on this anonymous forum but your many long and pointless rebuttals says otherwise. If you were to spend half the time proving some things about yourself, as you did posting rebuttals, people would find you much easier to believe.

Regarding slander: No one ever needs to slander anyone on this website. The reputation of many bad companies, simply speak for themselves. We can go back and fourth forever, PROVE this, PROVE that, SLANDER this, SLANDER that, but in the end, it comes down to one simple thing, for only one thing really matters and that is, any and all companies that have nothing to hide, would without a doubt come forward to address the consumer concerns. Agree?

Bottom line on this issue is, even if someone libeled (the word you were looking for) me to death, I too, would find it a little difficult to be seen in the public eye and acknowledge the many angry people, if I knew I was selling nothing of value, for thousands of dollars, engaged in deceptive trade, engaged in fraud to some degree, engaged in extortion to some degree, etc, etc.

No legitimate company would ever blow off any number of rip-off reports, especially if the majority of them were of a scam or fraudulent nature.

There are different categories of rip-off reports. Bad customer service, unpleasant dining experiences, deceptive trade, fraud, extortion, etc, etc. If you'll notice, all the reports against businesses, which we would all agree are legitimate, are most of the time service related. Bottom line however, complaints against legitimate companies are always for the most part, acknowledged and resolved. Peace Bro!

P.S. Is my attitude a little better now?


Reid

Aiea,
Hawaii,
U.S.A.

Slander: Spoken!! Get it? ..I have nothing to gain by coming foward to try and protect others from making the same mistake.

#19Consumer Suggestion

Thu, May 13, 2004

Jp,

The primary purpose for this board, is to warn others about rip-offs and scams. For some very ODD reason, I see many of them regarding this "mentoring" and being a victim of scam myself, I find it necessary to assume they're all true.

It's up to the person who has been reported, to determine whether or not he or she feels a slanderous statement has been made against them.
JP, you are nothing but a hypocrite at best.

I agree that we should all thank the editor and creator of this website, for allowing EVERYONE an opportunity to come foward and tell the TRUTH (which by the way is not slander). This goes for them "gurus" as well.

For someone who claims to not have time to "somehow prove their experiences and "personal sucess" to me on this anonymous forum" you sure have a lot of time to waste posting pointless rebuttals. "Have I ever mentioned to you that I was once the starting quarter back for the Denver broncos? That in a nutshell, is your rebuttal.

You've asked: Is that even the purpose of this website?...to offer irrefutable proof to every post and rebuttal? I think that everyone who sees this question will agree, that it's possible the stupidest question ever asked by any human being.

Isn't that what you've been trying to accomplish all this time with all the excuses, and by avoiding the more tougher questions by asking other questions.

You've asked: "What have YOU got to lose"? Me myself, nothing.

You've asked: "What have I proven?" I don't have to prove anything. I have nothing to gain by coming foward to try and protect others from making the same mistake. The decision is still up to the individual. I can and will offer proof if need be.

What do others have to gain? Most likely nothing.

What do MANY others stand to lose by taking your advice? Thousands.

Who's going to be around after he or she possibly get's taken? Just people like yourself, who will make every attempt to turn the blame on the already suffering victim.

How many people actually lose money as opposed to make money using this progam? Gee, one out of every hundred doesn't sound all that bad, IF EVEN. It is very safe to assume this ratio is correct, by never seeing a rebuttal where an actual "guru" took it upon himself to come foward and give the actual statistics or PROVED otherwise.

You've asked: "Have you ever tried many other systems"? Usually, I wont even waste time resposding to such an idiodic question. Let me ask you this Jp, how many times does one need to get burned by an iron, before realizing it's hot?

Jp, I am not knocking the whole real estate industry, for I will be attending a real estate course in just about four days myself. What I am doing is exercising my constitutional right to help others make more informed decisions. You get it?

Now I don't think it's you, who should determine whether a persons attitude is good or not, and also try and determine how someone should react to being scammed. You don't know me! My report and rebuttals are no different than many of the others. In real life, I'm possibly one of the nicest guy's you'll ever meet. Peace Bro!!

Slander: Spoken!! Get it?


Jp

Memphis,
Tennessee,
U.S.A.

For David

#19REBUTTAL Owner of company

Wed, May 12, 2004

David,

I respect your years in the mortgage broker business. You doubtless have much more knowledge in this arena than I do. I am not a mortgage broker. I am a real estate investor who also holds a real estate license. I do not wish to bicker with you over federally-chartered lending guidelines. I will simply state that I am in the business of buying and reselling houses for a living. I do so for a typically handsome profit. Typically my minimum is around $10,000 and I sometimes do so on the retail market without holding them for 90 days. I don't know what bank or lender they've used specifically my mortgage broker (Herb) handles that. It's entirely possible he's simply familiar with programs you are not, as I'm certain you can't be aware of ever program that exists with every investor. But the point is really that it doesn't matter, does it? If you hold the property for 90 days b/c they want an FHA loan, then you hold it for 90 days and provide reasonable documentation of your rehab and a second appraisal. It's not a problemreally.

You said,
Unless you have private financing, either seller or your own, real estate flipping is difficult at best.

David, have you ever really tried to flip a house yourself? Have you ever taken the time to LEARN what the seminar teachers and course authors are teaching and try it yourself? Or is your judgment based merely on having seen others stumble and/or fail in their attempts?

I know a little about mortgage brokerage, but not as much as someone such as yourself who has taken the time and effort to properly educate and certify yourself as an expert. It would be a little presumptuous and ignorant of me to make a similar judgment about mortgage brokerage as you are about flipping houses that its' really hard and not a very effective strategy for income. I challenge you not to make absolute statements about an industry you may have only viewed from the outside.

You said,
Now that both of you have defended your mentors, go make more money.

Thanks, I will. ;-) I just picked up two junkers in the last week, both in need of around $15k rehab each, and with about $10k and $14k profit respectively.

You said,
While you claim to be making your fortune, I know of 100s more who bought the stuff and made nothing!

I know lots of regular old real estate agents who took the same classes as everyone else to get their license. Many of them fail miserably as agents, and others become top producers. If all you ever met were those who failed, could you correctly presume that those who make it big must be doing so illegitimately?

You said,
The excuse that the unsuccessful aren't doing the program right is the ploy real estate gurus use to make students purchase more materials and services.

David, that's a statement used to comfort someone who wants to validate his own opinion. It's not really based on any real personal experience you've had, is it? You WANT to believe it's all a crock, so you'll say something like that to try & convince yourself and others that you're right. It probably makes you angry for me to tell you that, but I challenge you to answer this question: What PERSONAL EXPERIENCE have you ever had with real estate gurus that has confirmed to you that they use the unsuccessful students just aren't doing it right ploy? Please share in detail so that we may respect your strong opinion in this.

You said,
I would love to see your federal income taxes where you report all of your capital tax gains.

Sure, what just a minute while I take the time to pull them out for you and post them on this forum somehow for you. Or I'll fax them to youor.wait a minute.yeah, a bit if a silly request, don't you think?

You send me your taxes and I'll send you mine. ;-)

Respectfully,


Jp

Memphis,
Tennessee,
U.S.A.

In response to Reid, must have really hit a nerve

#19Consumer Comment

Wed, May 12, 2004

Reid,

Wow! I must have really hit a nerve with you on that one, huh?

I appreciate you responding, but I must admit I wish you had thought out your response a little more before submitting it. I don't have a lot of time at the moment so I can't go into a lot of detail. For the sake of others who may happen across this on the web, I'll just quickly try to reply to a few of your questions/statements in the few moments I do have.

You started with
I assume you honestly believe that everyone should just take your word for it. Someone who may very well be affiliated with the "guru" in question.

I'm sorry, Reid, but this is just a silly statement, don't you think? This website is by its nature an anonymous forum. There's no place to input your credentials or resume or a photo of yourself. Just a name and general location. You words are as trustworthy or untrustworthy as mine are or anyone else on this feedback forum. How would you like me to go about proving to the world that I am not affiliated with the guru in question? While on the topic, why don't you prove to us that you're not from another planet? Come on, man, we need something tangible if we're gonna give you some credit here. How do we know you're not an alien? Can you give us some proof?

You said,
I especially like your suggestion in stating "just test the waters" and also the way you've insulted me by stating, that I am so quick to jump on the scam bandwagon.

I was not attempting to insult you personally. If you re-read my comment you'll see that it was stated generically, although admittedly it was at least partially in reply to your previous post. I have never purchased any materials by John Beck or John T. Reed, nor had any dealings with their companies. If you say you were scammed by them, I have no real reason to believe or doubt you. It's your ATTITUDE that bugs. I'm not saying you're a liar just that you have a loser attitude that, if unchanged, will guarantee you will fail 100% of the time at anything you approach with that attitude. Not only that, but it's infectious. An attitude like the one with which your posts reeks is the destroyer of dreams. I'm not trying to attack you. I'm simply being direct about it.

You said,
One clause in particular, is a "NO CANCELLATION POLICY", which literally allows a company to pursue your investment, even far after you've realized, that they had no intention of living up to any of their fraudulent claims, or has rendered zero value in exchange for your investment.

And then you continued,
Many, if not all of these so-called "mentoring" programs, have similar, if not the exact same clauses in their contracts.

How do you know this, Reid? Have you purchased many real estate investing mentoring programs in the past after having been allegedly scammed by John Beck's company? If not, then why did you make this statement? If yes, then please do tell us specifically which other real estate investing mentoring programs you have been scammed by in the past, and in what ways, so that we may all be fairly warned.

You also said,
We need to start holding individual employees, not the companies in which they work, fully responsible for their own actionsIf any employee, from any one of these companies, were ever caught stealing from the company, he or she would be prosecuted immediately and would probably spend some jail time. Why should it be any different here? Fraud is fraud and it doesn't matter where it's committed.

I don't think this is such a good idea, friend. I'd bet that most of the employees of a company that's engaged in fraudulent activities have no clue whatsoever that it's going on, and would choose not to participate if they did. These people should only be held personally accountable if they personally KNOWINGLY engaged in fraud. Example: The only people who should be held responsible for the Enron fiasco are those who knowingly participated. If every employee of Enron were to be held personally responsible, would this be just? The guy taking the orders has no idea what his uppers may be cooking up. But perhaps this is what you meant and I am misreading your statement.

You also said,
JP, very poor rebuttal, in that you have failed to address some of the more important issues, attempted to contridict my real life experience with absolutely nothing...and have failed miserably to post legitimate reasons as to why anyone should believe anything that you have written.

>> I am sorry you didn't care for the quality of my rebuttal. Hopefully this one will be more to your liking.

>> I ask you, what important issues do you feel I should have addressed in my post that I did not? I will gladly do so if I feel I have anything of value to offer and time allows me to.

>> I was not attempting to contradict your experience of being allegedly scammed by John Beck, of which I have no personal knowledge. I was addressing your overall they're all out to get us loser attitude toward the real estate guru environment in general, of which I have great personal knowledge through experience.

>> Why should your words be any more or less credible than mine, Reid? Why should anyone believe anything that ANYONE writes in this forum for that matter?

You continued in saying,
It's very easy for someone like you JP, to give such ridiculous advice, for you have absolutely nothing to lose. Typical shill rebuttal, in that it once again failed miserably to PROVE anything.

I am unfamiliar with the term shill, but I challenge you: could the very same thing not be said about you, Reid? What have YOU got to lose? What have YOU proven? Is that even the purpose of this website?....to offer irrefutable proof to every post and rebuttal? Maybe you should start by proving that you were actually scammed by anyone.ever. You show me yours and I'll show you mine.

Reid, you said,
JP, you have also proven, that you are one of those, who enjoys throwing the word slander around so very freelyif I were you, I would definitely be more cautious about accusing people regarding something I clearly have no clue about.

I see. Because I used the word one time in my post, I am clearly one who enjoys throwing it around freely and accusing people with it. The logic is clear.

You continued by saying, JP, you're obviously unfamiliar with the definition of the word slander, for if you had any idea what slander really was, you would know that there is absolutely no possible way that slander could be committed on this website JP if I were you, I would learn the definition of any and all words, before so freely disseminating it. Go to your local bookstore and purchase an inexpensive dictionary. This will save you from sounding like an idiot

You're absolutely right, Reid. Wow, I didn't realize I was such an idiot. Thanks, man, for letting me know. I would HATE for my ill-thought comments to make me sound like an idiot.

Let me look at dictionary.com really quick.

Slander:
1. Law Oral communication of false statements injurious to a person's reputation.
2. A false and malicious statement or report about someone.

Hmmmmmmthat's interesting. It sounds to me that if someone on this site were to make a false or malicious statement in an effort to injure someone's reputation, it MIGHT just be a dictionary definition of SLANDER.

So.Reid, you're saying that by this very dictionary definition of slander there's absolutely no possible way that slander could be committed on this website. Wow. I see the light.

All sarcasm aside, I stand by my original statement that seems to have offended you so much, which is, I appreciate this website, for it seems to provide a legitimate avenue for the voices of the truly scammed to be heard. However I recoil at and frankly resent some of the blatant attempts spattered about to slander some legitimate companies or trades (like selling real estate educational materials) just because it "didn't work for me" type of attitude

Reid, if you got scammed, kudos to you for being angry about it. Too many people take that kind of thing passively and don't stand up for themselves. But to then make yourself feel better by knocking a whole industry (real estate investing education) of which you know really very little iswellslanderous. To make generalized, blanket statements implying that they're all out to get you if you really have no clue and you don't, my friend is not the sign of someone who's opinions I'd gravitate towards.

I know because of my own personal experience with the overall positive quality of the industry. You may make the ridiculous demand that I somehow prove my positive experiences and personal successes to you on this anonymous forum. I frankly don't have the time to even try. As I mentioned before, I challenge you by putting the burden of proof on you first that you were scammed in the first place.

If you DO have some additional personal experience or proof to offer that they're all scammers, then I invite you to continue this friendly banter a little more. But please do think your reply through a little better first. I'd hate for you to look uninformed.

Respectfully to all,


Reid

Aiea,
Hawaii,
U.S.A.

In response to JP. ..John Beck company like many others, have buku clauses in their contract

#19Consumer Suggestion

Tue, May 11, 2004

JP,

I especially like your suggestion in stating "just test the waters" and also the way you've insulted me by stating, that I am so quick to jump on the scam bandwagon. Sorry bro, no bandwagons here. Just the truth. I have been scammed by the fraudulent, third party, marketing company that sold me on the fraudulent John Beck Mentoring program.

The John Beck company like many others, have buku clauses in their contract, one of the many clauses in particular, is a "NO CANCELLATION POLICY", which literally allows companies to pursue somones investment, even far after someone realizes he or she has been robbed.

The John Beck team lures unsuspecting victims into their traps, where a fraudulnt/non-existing mentoring service is only a cover. They easily accomplish this through the use of fraudulent sales pitches and misrepresentation. Once someone realizes that he or she have received zero value for their investment, it's too late.

These contracts usually have only a three day cancellation window, so by the time someone has realized, that he or she has been taken, it's far too late. This three day cancellation window is of very little use, in most cases.

Many, if not all of these so-called "mentoring" programs, have similar, if not the exact same clauses in their contracts.

I suggest that everyone view the many UNACKNOWLEDGED & UNRESOLVED rip-off reports on Leasecom, before ever signing a contract with any company. I am in no way implying that Leasecom is associated with any of these mentoring programs, but I am certain, that for some very shady reason, they to have found it necessary to implement a "NO CANCELLATION POLICY", with only a three day window to cancel.

We need to start holding individual employees, not the companies in which they work, fully responsible for their own actions. It is far too easy for any company to just close it's doors, file for bankrupcy, reorganize and start scamming people all over again, only under a different name.

If any employee, from any one of these companies, were ever caught stealing from the company, he or she would be prosecuted immediately and would probably spend some jail time. Why should it be any different here? Fraud is fraud and it doesn't matter where it's commited.

JP, very poor rebuttal, in that you have failed to address some of the more important issues, attempted to contridict my real life experience with absolutely nothing...and have failed miserably to post legitimate reasons as to why anyone should believe anything that you have written.

It's very easy for someone like you JP, to give such ridiculous advice, for you have absolutely nothing to lose. Typical shill rebuttal, in that it once again failed miserably to PROVE anything.

If anyone ever thought of "testing the waters", I would strongly suggest otherwise. Call your credit card company first and ask them if they would be willing and able to tape record the entire conversation and transaction, including all the fraudulent sales pitches. If they are unwilling and or unable to do so, oh well.

JP, you have also proven, that you are one of those, who enjoys throwing the word slander around so very freely. Typical shill tactic.

Have much to hide and want to quiet people up? Just threaten them with frivilious lawsuits regarding slander. No dice buddy and if I were you, I would definitely be more cautious about accusing people regarding something I clearly have no clue about.

Slander is a very serious accusation and should never be taken lightly and or thrown around so freely. It could possibly ruin the reputation of the very person you accuse of slander.

JP, you're obviously unfamiliar with the definition of the word slander, for if you had any idea what slander really was, you would know that there is absolutely no possible way that slander could be committed on this website.

JP if I were you, I would learn the definition of any and all words, before so freely disseminating it. Go to your local bookstore and purchase an inexpensive dictionary. This will save you from sounding like an idiot. How can you expect anyone to believe that you're a successful investor otherwise?

I don't think it's necessary for anyone to waste any more time responding to any of your rebuttals, which consists of nothing but hot air. I think everyone knows who to believe here.
Peace bro.

P.S. YOU of all people, have absolutely no right to call ANYONE a moron.


Reid

Aiea,
Hawaii,
U.S.A.

In response to JP. ..John Beck company like many others, have buku clauses in their contract

#19Consumer Suggestion

Tue, May 11, 2004

JP,

I especially like your suggestion in stating "just test the waters" and also the way you've insulted me by stating, that I am so quick to jump on the scam bandwagon. Sorry bro, no bandwagons here. Just the truth. I have been scammed by the fraudulent, third party, marketing company that sold me on the fraudulent John Beck Mentoring program.

The John Beck company like many others, have buku clauses in their contract, one of the many clauses in particular, is a "NO CANCELLATION POLICY", which literally allows companies to pursue somones investment, even far after someone realizes he or she has been robbed.

The John Beck team lures unsuspecting victims into their traps, where a fraudulnt/non-existing mentoring service is only a cover. They easily accomplish this through the use of fraudulent sales pitches and misrepresentation. Once someone realizes that he or she have received zero value for their investment, it's too late.

These contracts usually have only a three day cancellation window, so by the time someone has realized, that he or she has been taken, it's far too late. This three day cancellation window is of very little use, in most cases.

Many, if not all of these so-called "mentoring" programs, have similar, if not the exact same clauses in their contracts.

I suggest that everyone view the many UNACKNOWLEDGED & UNRESOLVED rip-off reports on Leasecom, before ever signing a contract with any company. I am in no way implying that Leasecom is associated with any of these mentoring programs, but I am certain, that for some very shady reason, they to have found it necessary to implement a "NO CANCELLATION POLICY", with only a three day window to cancel.

We need to start holding individual employees, not the companies in which they work, fully responsible for their own actions. It is far too easy for any company to just close it's doors, file for bankrupcy, reorganize and start scamming people all over again, only under a different name.

If any employee, from any one of these companies, were ever caught stealing from the company, he or she would be prosecuted immediately and would probably spend some jail time. Why should it be any different here? Fraud is fraud and it doesn't matter where it's commited.

JP, very poor rebuttal, in that you have failed to address some of the more important issues, attempted to contridict my real life experience with absolutely nothing...and have failed miserably to post legitimate reasons as to why anyone should believe anything that you have written.

It's very easy for someone like you JP, to give such ridiculous advice, for you have absolutely nothing to lose. Typical shill rebuttal, in that it once again failed miserably to PROVE anything.

If anyone ever thought of "testing the waters", I would strongly suggest otherwise. Call your credit card company first and ask them if they would be willing and able to tape record the entire conversation and transaction, including all the fraudulent sales pitches. If they are unwilling and or unable to do so, oh well.

JP, you have also proven, that you are one of those, who enjoys throwing the word slander around so very freely. Typical shill tactic.

Have much to hide and want to quiet people up? Just threaten them with frivilious lawsuits regarding slander. No dice buddy and if I were you, I would definitely be more cautious about accusing people regarding something I clearly have no clue about.

Slander is a very serious accusation and should never be taken lightly and or thrown around so freely. It could possibly ruin the reputation of the very person you accuse of slander.

JP, you're obviously unfamiliar with the definition of the word slander, for if you had any idea what slander really was, you would know that there is absolutely no possible way that slander could be committed on this website.

JP if I were you, I would learn the definition of any and all words, before so freely disseminating it. Go to your local bookstore and purchase an inexpensive dictionary. This will save you from sounding like an idiot. How can you expect anyone to believe that you're a successful investor otherwise?

I don't think it's necessary for anyone to waste any more time responding to any of your rebuttals, which consists of nothing but hot air. I think everyone knows who to believe here.
Peace bro.

P.S. YOU of all people, have absolutely no right to call ANYONE a moron.


Reid

Aiea,
Hawaii,
U.S.A.

Response to JP's rebuttal. .. safe to assume that this man has something to hide?

#19Consumer Suggestion

Tue, May 11, 2004

Jp,

I especially like the part where you've mentioned, "just test the waters". O.K. and I assume you honestly believe that everyone should just take your word for it. Someone who may very well be affiliated with the "guru" in question.

Let's see, there are several unacknowledged and unresolved complaints against this "guru" and he himself has shown no interest in coming foward to acknowledge any of them. Isn't it safe to assume that this man has something to hide?

Do you honestly think that it's a good idea for anyone to avoid this many complaints against themselves, if they were conducting an honest and legitimate business?

No ways! That is why, when you see complaints on legitimate businesses such as Sears, Circuit city, etc, etc, it's often a customer service related issue, but when you see complaints against "gurus" you can rest assured that it's been written by someone who has been victimized in some way. It goes way beyond customer service.

I have been scammed by the fraudulent, third party marketing company that sold me the John Beck program and it offends me to hear you say, that I am to quick to jump on the "scam" bandwagon. No band wagons here JP. Just a fraudulent company that has no problem selling a fraudulent/non existant program.

The John Beck company is one of many that has many clauses in their contract. One clause in particular, is a "NO CANCELLATION POLICY", which literally allows a company to pursue your investment, even far after you've realized, that they had no intention of living up to any of their fraudulent claims, or has rendered zero value in exchange for your investment.

People that sign these contracts usually have a three day window to cancel, but will most likely miss it, due to the fact that most people are not even scheduled their first assignment with their coach until a week later.

For anyone who may have been interested in enrolling in one of these coaching deals, I strongly suggest that they view the many rip off reports on Leasecom, before falling into one of the many traps.

I am in no way implying that Leascom has any association with these mentoring programs, but can say without a doubt, that they to, for some very shady reason, found it necessary to impliment a "NO CANCELLATION POLICY" with only a three day window to cancel.

Most people won't even realize that he or she has been taken until after their first few scheduled appointments, so the three day window to cancel, is hardly any use to anyone.

I say, we need to start holding individual employees and not the companies that they work for, responsible for fraudulently misleading people into these contracts. It is far to easy for companies to just close shop, file for bankruptcy, reorganize and start selling their garbage again, only under a different name.

Employees that engage in the distribution of any fraudulent program, should be held fully accountable for his or her own actions, by taking the full wrap. If any of the employees, of any of these companies, have ever been caught stealing money from their company, I'm sure they'd be prosecuted and probably sent to jail.

So what's the difference here? Fraud is fraud and it doesn't matter where it's commited. The employees of these companies need to stop hiding behind their employers and need to be treated like the criminals that they are.

JP, good rebuttal in that you have addressed some of the points, while desperately trying to contridict someones true experience, even though you failed miserably to give anyone a legitimate reason to believe anything you've written.

If anyone does not wish to lose $6,400.00 for absolutely nothing, I strongly suggest they not "test the waters" as JP so freely suggested. It's really easy for someone like JP to offer up such ridiculous advice, after all, how could we ever contact him? Who could you point the finger to, after you've been robbed?

Another thing that I've noticed, is the fact that JP is one of those, that so freely throws the word slander around, obviously without even knowing the definition of the word. Typical shill tactic, for when shills run out of excuses to protect themselves, they enjoy nothing more than attempting to quiet people up with the threat of slander related lawsuits.

There is absolutely no way that slander could be commited on this website. Please learn the definition of all words, before deciding to so freely disseminate it. Peace Bro.


David

Las Vegas,
Nevada,
U.S.A.

For ronald and Jp

#19Consumer Comment

Mon, May 10, 2004

I have 14 years in the mortgage broker business. there exists no federally-chartered traditional mortgage lender in the U.S.A. that will allow any property to be resold less than 90 days off the market for more than 10% over its original purchase price.

Both of you - go ask your favorite banker if they will allow you to resell a property within 90 days for more tan 10% above the original purchase price, post the name of the bank and the bank officer you spoke with.

Wells Fargo just recently allows residential properties to be re-appraised and sold after at least 90 days property seasoning.

Unless you have private financing, either seller or your own, real estate flipping is difficult at best. Now that both of you have defended your mentors, go make more money. I have been approached by so many of your kind trying to practice what they were taught by far too many real estate gurus, my head spins.

Ronald and Jp - while you claim to be making your fortune, I know of 100s more who bought the stuff and made nothing! The excuse that the unsuccessful are doing the program right is the ploy real estate gurus use to make students purchase more materials and services.

I would love to see your federal income taxes where you report all of your capital tax gains.


David

Las Vegas,
Nevada,
U.S.A.

For ronald and Jp

#19Consumer Comment

Mon, May 10, 2004

I have 14 years in the mortgage broker business. there exists no federally-chartered traditional mortgage lender in the U.S.A. that will allow any property to be resold less than 90 days off the market for more than 10% over its original purchase price.

Both of you - go ask your favorite banker if they will allow you to resell a property within 90 days for more tan 10% above the original purchase price, post the name of the bank and the bank officer you spoke with.

Wells Fargo just recently allows residential properties to be re-appraised and sold after at least 90 days property seasoning.

Unless you have private financing, either seller or your own, real estate flipping is difficult at best. Now that both of you have defended your mentors, go make more money. I have been approached by so many of your kind trying to practice what they were taught by far too many real estate gurus, my head spins.

Ronald and Jp - while you claim to be making your fortune, I know of 100s more who bought the stuff and made nothing! The excuse that the unsuccessful are doing the program right is the ploy real estate gurus use to make students purchase more materials and services.

I would love to see your federal income taxes where you report all of your capital tax gains.


Ronald

Oakland,
California,
U.S.A.

David is Not Accurate. He misrepresents John T. Reed.

#19Consumer Comment

Sat, May 08, 2004

I am appalled at the errors and nonsense David has perpetrated here. Readers would do well to ignore his uninformed, irrational rants. I give some suggestions here on how you can easily verify that he is wrong.

I have not purchased any of John Reed's materials. I have seen the stuff he publishes.' It is clear that he has not read John Reed's newsletter or his books and other educational materials. He probably has not even read the free articles which are available on Jack's www dot johntreed dot com website. I suggest anybody read those free articles and judge for himself or herself how they contrast to David's misrepresentations of John T. Reed's positions, actions, and publications.

the bulk of John's strategies is to buy foreclosures, distressed properties, rehabs, etc. and put a coat of paint on them and try to resell them for $1000s in quick profits. This is false. Jack Reed mostly advocates saving up your money, buying long-term rentals, and holding. He also advocates openly for ethical treatment of all with whom one deals. He criticizes those that would take advantage of property owners. His only exceptions afre for the sellers who he feels should be able to take care of themselves: real estate brokers, mortgage brokers, bankers, others who are presumably business savy and hold themselves out as experts. For instance, he says don't do non-money down deals with elderly people who are not businessfolk, among many admonitions to be honest. He says don't give non-expert sellers mortgages with terms that make the loans exceeding better than those of conventional loans.

And for many years he actually said not to buy bargain properties, such as foreclosures. He finally came to realize that there were honest profits to be made that way and so educates people as to the possibilities of what I call the real estate merchandising approachbuying properties for less than market value then reselling as soon as possible for a profit.

He does have one book on how to buy bargain deals. It is called How to Buy Real Estate for at Least 20% Discount from Market Value. This is one of the very best books on real estate investing ever written. Right up in the top five, from my perspective, which is based on reading well over 200 real estate investing books. Among the something like 35 approaches he describes, he does discuss foreclosures and rehabs. He also, in virtually every chapter on each approach, has a discussion of the ethics and suggested ethical guidelines of using that approach.

David states: No mortgage lender will allow anyone to buy a property, put some quick money into it and resell it with mortgage lender financing within 6 months! Well, if one reads the real estate investing bulletinboards even casually, one finds that there are many lenders who will do just this. David obviously overreaches in his statement, as should be tipped off by the No mortgage lender . phrase. Remember what we learned in school: whenever a test question contains always and never it is almost always wrong. Same here with David's extreme view of reality.

John Reedhe spends a frightening amount of time bashing Russ Whitney. It is definitely true that there is a great deal of information about Russ Whitney on John T. Reed's website. Why? Because Russ Whitney sued Jack for having put, into his guru rating section, some complaints about Russ from a customer of Russ's who was unhappy. John Reed therefore has been preparing his defense of the lawsuit, asking for the dirt on Whitney, and getting a lot of it. If you read through that section there is a very good description of a cowardly, dishonest, person's life and actions. Some of it you may not like. I think Jack oversteps a few times. On the whole, however, I find it very interesting. If you read you will learn how people going to "free seminars" get sold on spending thousands of dollars for other, mostly poor, seminars on real estate investing sponsored by Russ Whitney. Fascinating stuff. Very educational. You can begin to see how to protect yourself from the scam artists who want to take your real estate education money and give you almost nothing in return.

John Reed does bash nearly all other get rich quick' artists. This is accurate. He feels that nave potential real estate investors should not be cheated by lieing con artists that sell over-priced educational materials. He tries to give people some ideas on how to detect the cheats with his free "The real estate B.S. artist detection checklist." which is on his website in the articles section. This list could be easily used to detect cheats in many areas of life. I feel it is a very valuable and innovative addition to our efforts to keep from getting ripped off. Jack himself is a very honest man who advocates it in all transactions. If anything, he may go a little too far in giving a negative recommendation to some people who are better than he indicates. However, he does tell you what information he used to make his judgments, so you can evaluate their likely accuracy. Misjudging some educators is too bad I feel. But the person who studies real estate seriously will probably become aware of which are better than Jack says from other people's judgments of them. The fact is clear: MANY real estate investing gurus are dishonest. Not just a few, MANY.

John Reed seems like a very angry man man using his website to vent his fury. There may be some truth to this. However, in person, Jack is a very straightforward, mild-mannered person. He is smart and very analytical. He thinks deeply about things and tells his views. I do not agree with everything he says. However, he has provided a lot of excellent education in his books and other educational materials. Even the free articles on his website provide eye-opening information and are valuable, in my view. And I have been investing in real estate for about 25 years. I have learned a lot from reading his books, and I think most real estate investors could.

It is clear to me that David is completely wrong when he puts down this nonsense: John Reeds' [sic] stuff is nearly the same as the other real estate gurus, just put together cheaply. Anybody who has read John T. Reed's materials can immediately see that this is false. First, his materials is much denser with good information and thoughtful discussion than most real estate investing materials. If you compare what he write to the writing of such schlock artists as Tyler Hicks, (who I mention only because you see his worthless offal in bookstores) you will see the difference between night and day.

Cheaply? Well, they are paperback books, so maybe that is what David means. Which means that the buyers don't have to pay for more expense cloth binding. Do you refuse to read paper-bound books? He has narrow margins, wide pages, and densely-printed material. If you look at Jack Reed's books you will see that they do NOT have every-other-line printing like in the rip-off artist books. He does NOT have lots of blank pages or pages with only notes typed on them. He does not bulk up his books to make them seem thicker and longer than they are, as is a common--perhaps universal--practice with the bad gurus.

And his educational materials are all reasonably priced, most being less than $30 each. If you compare that to the hundreds of dollars and thousands of dollars charged by other educators, even some who provide good material, you will, I think, understand that Jack Reed provides good and excellent educational materials, well written, at very reasonable prices. For what you can get out of them, they are indeed cheap. So, would you prefer to spend lots of money or little money for the good materials?

Over the last 15 years, more than 97% of all real estate transactions have been financed by banks and credit unions. Yes, and that is irrelevant to assessing the quality of John T. Reed's educational materials. He does not advocate avoiding banks. I recall that he mentions that having banks looking at your deals is a good quality-control device.

No, David is way off the mark when he goes after John Reed. He does not know about what he writes. He makes extreme statements. He has not done his homework.

In my view, this is written material that does not even deserve to be published or seen by the public, it is so wrong. It does a disservice to the reader, warning him away from one of the best real estate educators. And I have read many of John Reed's materials, so what I say is accurate. Why? Because I want to understand things as clearly as I can.

I do not claim that Jack is perfect or personable. He does not suffer fools gladly. He can be prickly in his views. He tends toward either arrogance or defensiveness; I'm not sure which. But everybody has some flaws. The question is if they invalidate what the persons say. Not true for Jack Reed. I suspect that David is also a very angry man man using [t]his website to vent his fury. When he says such untrue things about one of the defenders of good real estate education he is either crazy, hasty, or angry. I see clearly that he is out of touch with reality.


Jp

Memphis,
Tennessee,
U.S.A.

A few excellent points have been made about his gross negativity and apparant lack of professionalism.

#19Consumer Comment

Tue, May 04, 2004

Having stumbled across this site a few minutes ago purely by accident, I wandered into the real estate section and this passage about John T. Reed caught my eye.

A few excellent points have been made about his gross negativity and apparant lack of professionalism. I agree. From every impression I have of him, he is at the very least a negative person who's committed to making himself look better than others around him. I choose not to associate with such people, or to spend much energy even pondering them for long.

However I must confess that I am also put back by some of the most ignorant, moronic statements about real estate investing educational materials I have ever heard. I'm nearly speechless at the mangitude of ignorance. Let me explain by drawing out just a few statements and the inherent flaws found therein:

One poster above stated, "Like every other real estate investment guru, the bulk of John's strategies is to buy foreclosures, distressed properties, rehabs, etc. and put a coat of paint on them and try and resell them for $1000s in quick profits. That scheme did work about 4 years ago before the number of foreclosures and bankruptcies increased exponentially."

Obviously you've already made up your mind that 1) All real estate investment "gurus" are in the same box labeled scoundrel, and 2) Popular real estate investing strategies such as rehabbing and foreclosure investing don't really work anymore.

Hmmmmmm. Interesting. I am a full-time real estate investor. I make a VERY good living at it. I likely work a lot less than you do, and make a lot more money - legally and legitimately through such methods as buying foreclosures and rehabbing single family houses. 100% of EVERYTHING I do in business is above board and legitimate. In 2003 I did over 40 real estate deals. I am on the board of directors of our local real estate investors association as well, wherein we help over 400 members (aspiring and/or active investors themselves) achieve thier dreams of financial security without being stuck in the rat race for the rest of their lives. I am a licensed real estate agent as well - which means my business is also scrutinized by the local and National Boards of Realtors. I have NEVER had an unsatisfied customer.

Guess where I learned my trade. That's right - real estate guru courses. I got started in Jan. 2001. By July 2002, I was full time. To this day I never stop my real estate education. I read more books, buy more courses, and attend investing bootcamps all the time. And I learn something EVERY TIME that I can take to the bank. But I go actually looking for what I can glean - not looking for a way to discredit any way I can.

You also said, "Many of John's competition claim to have "perfectly legal flipping plans." While it is true that you can "flip any property" it requires one vital asset to succeed - a private investor with their own funds. No mortgage lender will allow anyone to buy a property, put some quick money into it and resell it with mortgage lender financing within 6 months! Period. If such a mortgage lender exists, I would be doing the same stuff John Reed and many others tout in their books and seminars!"

No disrespect intended, but you clearly have limited knowledge here. Again, I'm NOT a fan of John Reed, but quick-turning houses (aks "flipping") is nothing more than buying at a wholesale price and selling for a retail price or even a slightly higher wholesale price. I do it weekly...legitimately...legally. I know Realtors, Brokers, Attorneys and Bankers...all of whom do it as well. As long as you don't artificially inflate values or deal with "straw" buyers (as the scammers have been caught doing), then "Flipping" is perfectly legal and amounts to nothing more than the real estate equivilent of buying Barbie Dolls at garage sales on the cheap and reselling them on eBay to collectors for a profit. Flipping Barbie Dolls.

Title Seasoning? As you stated yourself, just keep good records (contractor receipts, etc) and it's not a problem. THe lender just wants to ensure there's no "funny money" going on. And if there's truly not, and you take simple procedures to document it, they don't have a problem. Take it from the one who actually DOES it (me :-).



But there is a key difference between you and me. I take responsibility for my own actions. If I purchase a real estate course and wind up not making any money at it for some reason, I'm willing to work to identify where I'M missing the boat, instead of jumping onto the "I've been scammed" bandwagon right away. As a result I can say that I have NEVER, EVER regretted buying any real estate course, seminar or bootcamp I have purchased. They have cumulatively lead me to a place that seldom will ever have the luxury of achieving or the resolve to attain.

I truly have nothing to sell you here - except maybe to sell you on yourself and the idea that if you will begin taking RESPONSIBILITY for yourself instead of BLASTING others with negative energy, maybe your life will change too. Maybe you can gain what it takes to make it out of the rat race and onto life's fast track.

And to the statement, "DON'T EVER BE FOOLED BY ANYONES REBUTTAL WHO CLAIMS TO HAVE HAD A POSITIVE EXPERIENCE WITH ANY ONE OF THESE PROGRAMS. IF IT WAS TRUE THAT SOMEONE MADE A FORTUNE WITH THIS BULLSH#T, WHY WOULD THEY HAVE COME TO THE BADBUSINESS BUREAU? WHAT COULD HAVE POSIBLY BROUGHT THEM HERE?"

Like I said, I stumbled across it. :-)

I appreciate this website, for it seems to provide a legimate avenue for the voices of the truly scammed to be heard. However I recoil at and frankly resent some of the blatant attempts spattered about to slander some legitimate companies or trades (like selling real estate educational materials) just because it "didn't work for me" type of attitude. Come on now. Be an adult.

I'm not really trying to convince any of the above-posters to change their tune. I believe I can tell that you've already made up your mind taht this business is a crock and "wont work for you". I don't think there's anyone I or anyone could say to pierce through your anger enough to help you see a different perspective.

However for anyone else who may have been considering staring a self-made education in real estate investing, I urge you not to go the way of automatically assuming anything. Test the waters yourself. Approach it with a "what can I glean from this" attitude. Allow yourself to DREAM, and hopefully you can learn to ignore the negativity around you like the posts above.

Respectfully to all,


Reid

Aiea,
Hawaii,
U.S.A.

Don't get taken!! Fraudulent moneymaking real estate infomercials

#19Consumer Suggestion

Mon, March 29, 2004

This program sounds all too familiar. What we have here is just another scam. Don't ever order any of the bogus real estate programs that are sold via television infomercials. They are all scams!!

Fraudulent moneymaking real estate infomercials are very deceiving in many ways and are only traps that are set by third party marketing companies that use the names of already established investors to sell their fluff and non-existent mentoring to the unsuspecting public. I personally have not order any of this so-called guru's materials, but I have been scammed by another so-called Guru named John named John Beck. Now I don't know this guy John T. Reed, but I have visited his website where he rates all the other so-called gurus and I found it pretty interesting that he was really in favor of John Beck, the very person responsible for ripping me off, along with god knows how many other people. And because of his very biased favoritism, he has now proven to me that he is nothing but a fake, for anyone who is highly in favor of a fake can't possibly be genuine himself.

I am not questioning his knowledge of real estate or even referring to it however, should he ever decide to sell a program, I would definitely need to warn the entire world NOT TO ORDER IT!!

This man is very deceitful and obviously has bad intentions. For full details on John T Reeds shady character go to http://www.whitney-facts-vs-johntreed.com/. Here you'll be able to witness two donkeys suing one another. I guess this is what seasoned veteran gurus do during the off-season. Remember, any and all successful real estate gurus have absolutely nothing to gain and much to lose by mentoring others to use the same strategies that made them successful. Do not ever order any real estate moneymaking programs that you see on infomercials, for they have already proven themselves fraudulent by having to blatantly deceive people.

1. Questionable testimonials.
2. Very misleading and deceptive as there are no mention of any further investments.
3. Fine print that is flashed from time to time that is hardly visible and appears no longer then a few seconds. Why don't they make the print the same size as the rest of the wording?
4. Salespeople are nothing but liars and thieves. 5. NO REFUNDS!! NEVER, EVER ORDER A PRODUCT OR SERVICE THAT HAVE NO REFUNDS.

There is a d**n good reason why fraudulent companies find a no refund policy useful and to their advantage. After you discover that you have been ripped off, the fraudulent company still has a big shot at stealing your money and believe me they will make every attempt to do so. That is the very reason why fraudulent companies implement a NO REFUND policy in the first place. They hide behind it.

In the end they will even have the nerve to turn the blame on you the consumer, as to why you weren't able to yield the kind of profits that they so fraudulently promise.

6. Bad customer service. They will even go as far as to threaten you with lawsuits, should you ever decide to exercise YOUR RIGHT AS A CONSUMER to dispute the quality of service.

7. Not one rebuttal in their favor. That's because these arrogant sons of bitches know that they've wronged many and could never explain the reason for doing so.

DON'T EVER BE FOOLED BY ANYONES REBUTTAL WHO CLAIMS TO HAVE HAD A POSITIVE EXPERIENCE WITH ANY ONE OF THESE PROGRAMS. IF IT WAS TRUE THAT SOMEONE MADE A FORTUNE WITH THIS BULLSH#T, WHY WOULD THEY HAVE COME TO THE BADBUSINESS BUREAU? WHAT COULD HAVE POSIBLY BROUGHT THEM HERE? POSITIVE REBUTTALS ARE ONES OF SATISFIED COMPLAINTS, WHICH NONE OF THESE FRAUDULENT COMPANIES SEEM INTERESTED IN. THE MORE A REBUTTAL APPERARS TO HAVE BEEN WRITTEN BY BEAVER CLEAVER HIMSELF, THE MORE YOU NEED TO AVOID IT. THERE ARE LOTS OF FUDGE PACKING SHILLS OUT THERE WHO ARE CONSPIRING TO COMMIT FRAUD BY MALICIOUSLY MISLEADING THE PUBLIC. IT'S ALL RIGHT THOUGH, AS I HAVE TREMENDOUS CONFIDENCE IN THE BAD BUSINESS BUREAU AND THE POTENTIAL IT HAS FOR CATCHING AND EXPOSING ANYONE AND EVERYONE WHO ENGAGES IN CRIMINAL ACTIVITIES.

Unwilling to address and resolve all consumer complaints and even worst yet, all minor issues as well. Any company that blatantly blows off complaints shows that they have much to hide and it is only one more thing that proves that a company is engaging in deceptive and fraudulent practices.

If you absolutely must order a moneymaking program make sure to do the following

1. MAKE SURE TO GET THE COMPANIES RETURN POLICY IN WRITING AND SIGNED BY THE MANAGER OR OWNER OF THE COMPANY. ANY LEGITIMATE COMPANY WOULD BE WILLING TO PROVIDE WRITTEN DOCUMENTATION, AT THE CONSUMERS REQUEST, FOR FURTHER REVIEW. IF THEY ARE UNWILLING TO DO SO, CONSIDER THE OFFER FRAUDULENT, FOR THEY ARE OBVIOUSLY HIDING SOMETHING AND ARE NOT WILLING TO BACK WHATEVER IT IS THEY ARE SELLING.

2. NEVER, EVER ENROLL OR PURCHASE ANY PRODUCT OR SERVICE THAT HAVE NO REFUNDS. THE FACT THAT A COMPANY WOULD FIND IT NECESSARY TO IMPLEMENT A NO REFUND POLICY SHOWS A TREMENDOUS LACK OF CONFIDENCE IN A COMPANY'S PRODUCT AND OR SERVICE, WHILE AT THE SAME SHOULD BE TAKEN AS A WARNING THAT A COMPANY HAS BAD INTENTIONS AND ARE TRYING TO HIDE BEHIND THEIR NO REFUND POLICY.

3. DON'T EVER ALLOW A SALESPERSON TO PRESSURE YOU INTO MAKING AN IMMEDIATE DECISION BY CREATING A FALSE SENSE OF URGENCY. IF HE OR SHE DOES THE OFFER IS AGAIN FRAUDULENT.

THERE ARE A FEW SHADY REASONS WHY A SALESPERSON WOULD RESORT TO THIS UNETHICAL PRACTICE AND THE REASONS ARE, SO YOU DON'T CHANGE YOUR MIND AND ALSO SO THAT YOU WONT HAVE ENOUGH TIME TO CONDUCT THE NECESSARY RESEARCH ON THE COMPANY TO MAKE A SOUND DECISION. LEGITIMATE COMPANIES THAT HAVE NOTHING TO HIDE WOULD HAVE NO PROBLEM WAITING A DAY OR TWO.

4. NEVER GIVE YOUR CREDIT CARD NUMBER OUT TO ANYONE UNTIL YOU HAVE RECEIVED THE COMPANY'S RETURN POLICY IN WRITING, WITH NO FINE PRINT AND SIGNED BY THE MANAGER OR OWNER. 5. IF SOMEONE EVER SAYS THAT THEY NEED TO TAPE RECORD THE TRANSACTION, BE VERY SUSPICIOUS. NEVER AGREE TO HAVE THE TRANSACTION RECORDED; INSTEAD REQUEST THEM TO SEND YOU A CONTRACT WITH THE COMPANY'S ENTIRE RETURN POLICY STATED ON IT. OTHERWISE IT'S A TRAP!! NOTHING BUT A SCAM!!

IF YOU'LL NOTICE, THEY ARE REALLY ADAMENT AND DETERMINED TO CAPTURE YOUR CREDIT CARD NUMBER AND AGREEMENT TO ENROLL ON TAPE, BUT ARE ALWAYS LEAST INTERESTED IN RECORDING ANY OF THEIR FRAUDULENT SALESPITCHES AND THE NON-EXISTENT DREAM THEY ARE SELLING.

THE RECORDING STARTS ONLY AFTER YOU'VE ALREADY AGREED TO ENROLL IN THEIR MENTORING PROGRAM. ANY AND ALL RECORDED CONVERSATIONS WILL ONLY BE USED AGAINST YOU AND TO THEIR ADVANTAGE IN THEIR DESPARATE AND LAST DITCH EFFORT TO ROB YOU. WHEN HAS THIS TAPE RECORDED CONTRACTS COME ABOUT IN THE FIRST PLACE? IT'S PREPOSTEROUS!!

WHATEVER HAPPENED TO THE TRADITIONAL SEND ME THE CONTRACT, LET ME LOOK IT OVER, MAKE A RATIONAL DECISION, SIGN IT AND RETURN IT?

I AM CURRENTLY IN A DISPUTE BATTLE WITH THESE THUGS AND SO FAR THEY HAVE NOT FURNISHED ANYTHING EVEN PARTIALLY RELEVANT TO MY CLAIM. INSTEAD THEY CONTINUE TO SUBMIT THE MOST RIDICULOUS ITEMS, SUCH AS CONTRACTS, INVOICES, ETC, ETC, ALL WHICH HAVE NOTHING TO DO WITH THE REASON FOR MY DISPUTE.

I HAVE NOT ONCE DENIED ENROLLING IN THEIR MENTORING PROGRAM. IT REALLY SURPRISES ME THAT THEIR SUBMISSIONS ARE EVEN CONSIDERED LEGITIMATE COUNTERS TO MY DISPUTE WHEN ALL OF THEM ARE TOTALLY IRRELEVANT TO MY CLAIM. BELEIVE ME, I HAVE BEEN SCAMMED AND HAVE NOTHING TO GAIN BY SHARING THIS PAINFUL EXPERIENCE. I DON'T WISH TO HAVE ANYONE ELSE HAVE TO GO THROUGH ALL THE UNESSESARY HEADACHE AND HEARTACHE THAT I HAVE. ONCE YOU'VE READ MY ENTIRE REPORT ON JOHN BECK, YOU'LL UNDERSTAND EXACTLY WHAT IT IS I'M TALKING ABOUT.

5. MAKE ABSOLUTELY SURE THAT THE COACH THAT IS ASSIGNED TO YOU IS NO ONE OTHER THAN THE GURU HIMSELF. NEVER SETTLE FOR SOMEONE WHO WAS SUPPOSEDELY PERSONALLY SELECTED AND MENTORED BY THE SO-CALLED GURU.

IF ANYONE EVEN ATTEMPTS TO SELL YOU ON A SUBSTITUTE GURU IMMEDIATELY HANG UP THE PHONE. IT IS VERY IMPORTANT FOR YOUR SAFETY THAT THESE STEPS ARE FOLLOWED WITH NO EXEPTIONS. THAT'S ALL FOR NOW AND WHENEVER YOU HAVE SOME EXTRA TIME GO BACK TO THE HOMEPAGE OF THIS WEBSITE AND CONDUCT A SEARCH ON JOHN BECK BY TYPING IN JOHN BECK IN THE SEARCH BOX. THERE, YOU WILL BE ABLE TO VIEW MY ENTIRE STORY. I WILL ALSO KEEP EVERYONE POSTED ON EXACTLY WHAT'S GOING ON AND ALSO THE THINGS TO LOOK OUT FOR WHENEVER TRYING TO GET A REFUND FROM THESE CON ARTISTS. Until next time, Take Care Cause I Care, Aloha from Hawaii & God Bless each and every one of you.

P.S. BEWARE OF JOHN BECK!!

P.S.S. IF THESE COMPANIES TRULY HAD THE ABILITY TO GENERATE $10,000.00-$15,000.00 A MONTH AS THESE FRAUDSTERS OFTEN PROMISE, WOULD THEY MENTOR OTHERS TO USE THEIR STRATEGIES FOR ONLY A FEW THOUSAND DOLLARS? WHAT WOULD BE IN IT FOR THEM? THE SAME GOES FOR ANY AND ALL THE COMPANIES CLAIMING TO BE OFFERING FREE SEMINARS. THERE'S ALWAYS A CATCH!! THESE MARKETING COMPANIES ARE ONLY TRYING TO SELL THE PUBLIC ON THEIR REALLY EXPENSIVE BUSINESS PROGRAMS. THERE IS NO SUCH THING AS FREE IN ANY BUSINESS VENTURE AND EVEN THE ONES THAT ARE HEAVILY PAID FOR ARE ALWAYS LEGITIMATE. IN FACT THERE ARE PROBABLY MORE FRAUDULENT BUSINESSES THAT EXIST TODAY THAN THERE ARE LEGITIMATE ONES.

THE PROOF IS IN THE PUDDING. IT IS A KNOWN FACT THAT 95% OF THE ENTIRE WORLDS POPULATION WORKS FOR THE OTHER 5%. THE REMAINING 5% ARE DOCTORS, LAWYERS, CERTIFIED PUBLIC ACCOUNTANTS, TRADITIONAL BUSINESS OWNERS, CELEBRITIES PROFESSIONAL ATHLETES, ETC, ETC, WHICH LEAVES VERY LITTLE ROOM FOR SO-CALLED MENTORS TO ASSIST COMPLETE STANGERS IN ACHIEVING THE SAME FINANCIAL STATUS. SO WHY THE HELL ARE THESE CON ARTISTS ALLOWED TO SELL THEIR CRAP, ESPECIALLY WHEN THEY DON'T LIVE UP TO ANY OF THEIR CLAIMS? HOW MANY THOUSANDS OF PEOPLE MUST BE SCAMMED BEFORE ANY ACTION IS TAKEN?

P.S.S.S. NOT BEING RECOGNIZED AND WRITTEN UP ON THE RIP-OFF REPORT IS FAR MORE COMMENDABLE AND MEANS A WHOLE LOT MORE THAN BEING RECOGNIZED BY THE BETTER BUSINESS BUREAU, WHERE MEMBESHIPS ARE PAID FOR BY THE VERY BUSINESSES THAT OFTEN RIP US OFF IN THE FIRST PLACE.

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