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  • Report:  #299620

Complaint Review: Real Estate Riches Jim Toner's Wealth Builders

Real Estate Riches, Jim Toner's Wealth Builders Jim Toner's real estate course is no more than just expensive common sense. Pittsburgh Pennsylvania

  • Reported By:
    Pittsburgh Pennsylvania
  • Submitted:
    Sun, January 13, 2008
  • Updated:
    Wed, March 24, 2010
  • Real Estate Riches, Jim Toner's Wealth Builders
    www.jimtonerswealthbuilders.com
    Internet, Nationwide
    U.S.A.
  • Phone:
  • Category:
*Consumer Comment: Happy Client *Consumer Comment: Happy Client *Consumer Comment: Happy Client *Consumer Comment: Happy Client *Consumer Comment: Jim Toner's ethics and advice are far beyond the untruthful comment posted by "Joe" *Consumer Comment: Jim Toner's seminar--a good idea! *Consumer Comment: very satisfied participant *Consumer Comment: Our Experience with Jim Toner's Wealth Builders (Real Estate Riches) Program *Consumer Comment: Jim Toners Mentor Program *Consumer Comment: "Three Day Course" *UPDATE Employee: Response to Joe's comments *UPDATE Employee: Response to Joe's comments *UPDATE Employee: Response to Joe's comments *UPDATE Employee: Response to Joe's comments *Consumer Comment: Satisfied Student in the Real Estate Riches Program *Consumer Comment: Jim Toner's Team has been extremely invaluable to my real estate investing *Consumer Comment: Everyone has an opinion but not everyone has "common sense." *Consumer Comment: Everyone has an opinion but not everyone has "common sense." *Consumer Comment: Everyone has an opinion but not everyone has "common sense." *Consumer Comment: Everyone has an opinion but not everyone has "common sense." *Consumer Comment: Does anyone else see something suspicious about the rebuttals? *Consumer Comment: Jim Toner's Wealth Builders have changed my life *Consumer Comment: Make money with Jim Toner the easy way! *Consumer Comment: Jim Toner's Wealth Builders Changed My Life *Consumer Comment: Jim Toner's Wealth Builder's ( formerly Real Estate Riches ) does work - I'm living proof ! *Consumer Comment: Absurd Complaint!!! *Consumer Comment: Now you got the idea Jim on how to post fake rebuttals *Consumer Comment: My experience with Jim Toner *Consumer Comment: Jim Toner... Again the rebuttals from unsuccessful students *Consumer Comment: Past student comments on good and bad of RE education *Consumer Comment: Jim Toner and his brother-in-law Jim Canale *Consumer Comment: Jim Toner and his brother-in-law Jim Canale *Consumer Comment: Jim Toner and his brother-in-law Jim Canale *Consumer Comment: Jim Toner and his brother-in-law Jim Canale *Author of original report: Jim is a smooth talker

I would like to bring to light of a company operating in the Pennsylvania and Ohio area under the name of "Real Estate Riches". Just recently, the company has changed its name to "Jim Toner's Wealth Builders". Jim Toner's program is a three day course on real estate investing. At a cost of $7,500, Jim Toner claims his course reveals the secrets "The Rich" use to amass their fortunes. Now, I don't know if you would call the following "secrets" maybe just common sense when investing in real estate.

1) Secure multiple lines of financial resources.

2) Prospect for under-valued properties.

a) Work with a real estate agent that understands what types of properties you are looking for. To help you determine under valued properties a good agent can furnish you with qualified market listing comps. The real estate agent should be willing to submit low bids on your behalf.

b) Calculate renovation costs with a 30 to 40 percent mark-up (due to cost over-runs). Keep in mind, the renovations must be in-line with the market value of the proposed property.

c) Determine if the property with renovations will attract buyers at your targeted selling price. This is a gray area (your profit) in the decision making process. You don't want to over price the property if the market area doesn't command it.

If your serious about real estate investing, you must be diligent. Real estate investing is in a constant flux with the shear dynamics between tighter lending practices and the volitility of market values. I strongly recommend networking with like minded "positive" people. And when I say networking, I don't mean people or companies charging for their advice. To the contrary, there are plenty of good people willing to share their expertise with you (ok, maybe buy them a lunch). With this said, a three day course doesn't make you a real estate investor. In the field of real estate even the pros are still learning everyday. Just like any endeavor in life there are highs and lows. hopefully the highs will get you through the lows.

Joe
Pittsburgh, Pennsylvania
U.S.A.

35 Updates & Rebuttals


Jim

Pittsburgh,
Pennsylvania,
U.S.A.

Jim is a smooth talker

#36Author of original report

Sun, February 22, 2009

truly debated if i was going to write this report , but I felt like I had to let others know about the program. I went to Jim Toners
free seminar and was completely caught up in all his energy and promises. I went in for an interview, was very honest about my financial situation and was told that If I gave them the chance my whole life would change for the better. I signed on willingly. I was made to feel so important and that this was the best thing I could do for myself and my families future.

I will say that the 3 day class was informative. I was on cloud nine. I listened to one of the teachers (Vince ) talk about his and Jims 'High end flips' he bragged about how much money they would make. All I knew was that I wanted to have a chance at this. I hit the ground running after the class. Got all my ducks in a row and wanted to get started. The first hurdle came when one of the teachers, I chose as the agent I wanted to work with. (Gary Wilson) It took him 3 weeks to get back to me after many messages.

I was informed by him that his services were valuable and that he would only be my agent if I agreed to a minimum commision of 2,000.00 . He assured me he was worth it. I looked at properties , asked him for the comparable properties to make a decision , ( as per the training) this took another ten days to get. When I looked at the numbers going by their formulas I made my decision to purchase. I was told by my agent and I use the term loosely that my offers would not even be entertained so I asked him what he would do. He said sometimes you have to just go for it and pay a little more.

At that point I no longer felt like he was helping me just trying to make another sale. How can you go against the teachings that just weeks ago you said yourself was the stepping stones to success. I lost all respect at that point. I found another agent and I am working things through them. I also left a message for Jim voicing my concerns about this conversation and I am still waiting for a return phone call.

What bothers me the most is I did a little research on the property Vince and Jim bragged about , this property has been on the market almost 2 years. I dont think that this is a successful project. Would you? It seems they dont practice what they preach. I am bombarded by emails and voice dials that ask for additional funds from the students for all different kinds of programs, and doing deals with them. They actually asked for a 50,000.00 investment on a commercial property they were working on. This property is their own office.

Smells fishy to me. They offered no ownership stake in the property. I was asked to join a 'special group of students' for a 25,000.00 investment. They are always trying to get more money out of people. I have spoken with other members that are quite frankly feeling the same way I do. We have meetings that we all get together to network.

Well now those are going to have a charge. I looked at the responses to the other reports against this company. Funny thing is going by the names, the responses are from employees. They look at this man ( Jim Toner ) as a god and all I see quite frankly is a very skilled smooth talker. Quite frankly after doing research on the internet and joining some very inexpensive investor clubs , I gathered the same information without the 8,000.00 investment.

I am quite certain that the site will be bombarded by 'their friends' with tales of how wonderful everything is. Notice how quick they came through after the last negative report was posted. Do your homework people. Nothing I have stated is un true. I have the emails to prove it. Why would a company have to constantly solicit more money? How can you teach people to invest and promise the moon if you cant make it happen on your own deals.


Joe

Lansdale,
Pennsylvania,
U.S.A.

Jim Toner and his brother-in-law Jim Canale

#36Consumer Comment

Tue, January 06, 2009

I had gone to a Real Estate Riches workshop in Valley Forge, PA a few years ago which was presented by Toner and Canale. I was on the Real Estate Riches email list and about a year later, I received an email that Jim Canale was kicked out of the organization for some illegal activity. I'm sure that's why Jim Toner is no longer with Real Estate Riches as well.

Wealth Builders is NOT Real Estate Riches!


Joe

Lansdale,
Pennsylvania,
U.S.A.

Jim Toner and his brother-in-law Jim Canale

#36Consumer Comment

Tue, January 06, 2009

I had gone to a Real Estate Riches workshop in Valley Forge, PA a few years ago which was presented by Toner and Canale. I was on the Real Estate Riches email list and about a year later, I received an email that Jim Canale was kicked out of the organization for some illegal activity. I'm sure that's why Jim Toner is no longer with Real Estate Riches as well.

Wealth Builders is NOT Real Estate Riches!


Joe

Lansdale,
Pennsylvania,
U.S.A.

Jim Toner and his brother-in-law Jim Canale

#36Consumer Comment

Tue, January 06, 2009

I had gone to a Real Estate Riches workshop in Valley Forge, PA a few years ago which was presented by Toner and Canale. I was on the Real Estate Riches email list and about a year later, I received an email that Jim Canale was kicked out of the organization for some illegal activity. I'm sure that's why Jim Toner is no longer with Real Estate Riches as well.

Wealth Builders is NOT Real Estate Riches!


Joe

Lansdale,
Pennsylvania,
U.S.A.

Jim Toner and his brother-in-law Jim Canale

#36Consumer Comment

Tue, January 06, 2009

I had gone to a Real Estate Riches workshop in Valley Forge, PA a few years ago which was presented by Toner and Canale. I was on the Real Estate Riches email list and about a year later, I received an email that Jim Canale was kicked out of the organization for some illegal activity. I'm sure that's why Jim Toner is no longer with Real Estate Riches as well.

Wealth Builders is NOT Real Estate Riches!


Richard Burge

Turtle Creek,
Pennsylvania,
U.S.A.

Past student comments on good and bad of RE education

#36Consumer Comment

Thu, August 28, 2008

I took the course in 2005 when it was $5,000. I will give both sides of the argument here and you can decide for yourself.

Make no mistake about it, there's a lot of profit in RE education. Why do you think RE investors (some do not even qualify) decide to teach RE education as opposed to solely doing RE investing. If it was that easy and extremely profitable, they could just do RE investing.

I was happy with the RE course (at the time it was RE Riches). It's a local company and I know the people personally. If you need RE mentor, this is the way to go. You can continue to go to their meetings and stay in touch with them. You can always have your mentor help you on future deals. You get no pushy sales pitches at the free (now they charged a nominal fee) seminars. They will not call you ever to take the course.

After the course, you can go out and buy properties, fix them up, refinance and put $10,000, $20,000, or more into your pocket. If you do a flip (buy, fix, sell) then it's more difficult. You do have to find a buyer and hopefully fast, who's willing to pay your selling price or close to it.

You are dealing with bigger numbers when you buy houses, fix, and sell them. If you do it right, you make thousands and thousands. Some people, including myself, have a successful one and get really excited. Other times though through your fault or not, you may buy a bad one, have more costs then expected to fix, and sell for break even or loss.

You can gain much of this experience on your own by reading books, going to RE investment clubs, talking to EXPERIENCED RE agents, as well as all other sorts of RE educational avenues. But if you want one mentor program that you can go to repeatedly, and you need that mentorship, Jim's wealthbuiders is the way to go.

Unfortunately, I do see disadvantages to the course or mentoring as well. First of all, they make it sound way easier then RE investing really is. You are also told that if you do not join within a certain time, the slot will be taken. This is not true. You can come back at any time. And currently, at $9,000, or about that, it is a huge investment that many may not be able to really afford. Remember, this investment is only worth it if you far exceed a profit or savings of $9,000.

You are also told that it is the best time to invest in RE in Pittsburgh. I was told this same mantra 5 years ago. While one may believe it's still good due to foreclosures, this is salesmanship 101 in telling you to buy now because it will soon be gone. They also say that the course will be closed soon, but thats salesmanship also because I was told the same info 5 years ago.

They also say how you don't have to own RE or be a landlord. This is partly true, but it's not as easy as it sounds. You can put properties under contract, and sell the contract. But when I took the course, and what I see in my experience, people put houses under contract all the time. But to sell that contract for $3,000 or $5,000 or more is not as easy. If no one buys the contract, you either have to buy the house, or if you worded it right, you can walk away from the deal. But until you are very experienced with a network of quality and qualified buyers, this RE tool does not work. Students in my class had put some properties under contract and no one bought them.

As far as testimonials, they are going to be on both sides. People who took the course and are now successful are going to praise the mentorship. But clients that never bought a house, or no longer are doing RE won't say the same. I personally know people who had to file bankruptcy after taking Jim Toner's class. I also know others that are very disgruntled from taking the course. Did they do something wrong? Yes, I'm sure. But one wonders how that happened. And my consclusion still remains that it is not as easy as you are told.

This is all just my opinion. I try to give the good and bad on the subject because I have heard from many who took the course, or are considering taking the course, only give the good and bad arguments about doing so.

I can be contacted at 412 596 1209 by either sides of the argument that you stand if you want additional information.

Good luck with your investing whatever it may be.
Rich Burge


Tony

North Huntingdon,
Pennsylvania,
U.S.A.

Jim Toner... Again the rebuttals from unsuccessful students

#36Consumer Comment

Tue, February 05, 2008

The negative rebuttals from disgruntled, unsuccessful, small thinking individuals leads me to believe that these folks were looking for a get rich quick scheme. Jim Toners' program requires work! You need to use your mind, the difference between achieving and dreaming is the distance between your ears. How can there be so many successful individuals that have worked for their results while the ones that went into this with a sense of entitlement failed. You should be upset with yourself, NOT Jim Toner or his organization. I'm certain Jim has never turned anyone away that asked for his assistance.

I've been with him on more than a few occasions that his students called, emailed or faxed in for help and he NEVER delayed in getting back with them ASAP! Again, this is not second or third hand information, I WAS THERE!


Tony

North Huntingdon,
Pennsylvania,
U.S.A.

My experience with Jim Toner

#36Consumer Comment

Mon, February 04, 2008

Ladies and Gentlemen:

My experience with Jim Toner was on a professional basis. This lead to myself being contacted by the PA Department of Banking by Special Investigators. Jim Toner was a man above reproach and assisted in helping several individuals out of situations that were not of his doing. Sometimes investors want to become thier mentors without going through the correct procedures. The PA Department of Banking was thankful for my involvement and Jim Toner's willingness to right a wrong that was done WITHOUT his knowledge or encouragement! It's easy to critisize without facts to back it up. Im speaking for my own experiences with the Jim Toner and his organization, he's a man of integrity and compassion that rivals anyone I've known. Jim Toner is extremely successful as what he does, he's a TEACHER and as in any educational enviroment some students don't follow instructions properly. Jim Toner, based on my REAL LIFE experience was as transparent and honest in every aspect!

If ANYONE would like to speak with me, please forward your contact information. I'll be happy to follow up with you.

Best Regards,


Victor

Herndon,
Virginia,
U.S.A.

Now you got the idea Jim on how to post fake rebuttals

#36Consumer Comment

Tue, January 22, 2008

There you go! One made up rebuttal a day is pretty good (1/15, 1/16, 1/17, 1/18) since your one every few minutes back on the 14th. You may want to stagger them at bit, say skip a few days between some of them to make them look even more authentic.


John M

Trafford,
Pennsylvania,
U.S.A.

Absurd Complaint!!!

#36Consumer Comment

Sat, January 19, 2008

For someone to reference the cost of this program without mentioning the ongoing mentoring....well that is just absurd. For a bit over three years I have been a member and the mentors, who have bought and sold millions of dollars of real estate, have always been available to me.

The real estate business has it's fair share of predators....money is stolen at the closing table ten thousand dollars at a time by the sharks who are often times taking advantage of the guppies. By far the greatest benefit that I have received for my tuition is the fact that my mentor has reviewed deals that I thought were good for me....deals that if I would have used my own common sense I would have closed on....only to be shark meat and loose a bunch of money in the process.

I have benefited greatly through the mentoring process. And eventhough I seem to be a slow learn at this, my mentors have been patient and available. They have helped me to close on the good deals and pass on the bad ones.

This has been invaluable to me.


Gary

Glenshaw,
Pennsylvania,
U.S.A.

Jim Toner's Wealth Builder's ( formerly Real Estate Riches ) does work - I'm living proof !

#36Consumer Comment

Thu, January 17, 2008

Imn Response to "Joe" from USA regarding Jim Toner's Wealth Builder's ( formerly Real Estate Riches ) I agree with Joe's description of some sof the high level premises of successful Real Estate investment and some of it may be common sense. However, God bless the soul who goes out and tries this on their own by simply taking supposed experts to lunch. I have people take me to lunch all the time - I have 144 units in 72 buildings ( 52 buildings of which I bought using Jim Toner's methods ). In the one hour that these folks spend with me the most I can do is ascertain their current mind set and offer advise on attaining the proper mind set that is required to be successful in Real Estate Investing. There is no way that I can even begin imparrt any meaningful knowldge upon them. Some of them see the light and realize that they do need authentic instruction and qualified mentoring. Other's are too smart for their own good and try to go out on there own. These are the one's who give Real Estate investor's a bad name because they try to make up their own rules, take short cuts and make mistakes. By the way, good luck finding a realtor ( I'm not not knocking realtor's - I am one ) who really know's what on earth they're doing when it comes to helping you find good deals. Well, with Jim's methods this critical piece of the puzzle is solved for you. I enrolled in Jim Toner's program 6 years ago ( I already had 30 units in 10 buildings ). Since that time I have bought 52 buildings using his methods. As you might guess I don't have a JOB anymore - I don't need too ! I haver a degree in computer science and banking diploma and a realtor's lisence. I'll be the first to admit that I'm far from being the smartest guy in the world but I do feel that I am a reasonably intelligent person. I was just intelligent enought to realize that I was making mistakes and would benefit from hands on mentoring ( which is what your really getting with Jim Toner's Wealth Builder's - not just a 3 day course ). There are so many nuances and finite details that an investor must be aware of not just to be successful but to stay out of trouble. Much like any other profitable business there is a lot more than meets the eye. I would love to compare results of those who like me have gone through the program with those who haven't. I fell certain that over the long haul those of us who have the benefitted from the teaching and mentoring through Jim Toner's Wealth Builder's are generally more successful then those who haven't. One final thought. I help other students as much as I can. We have a peer group where we support each other. But more importantly we still ask for and get hands on support from Jim Toner and his mentor's even after 6 years !


D.j.

Allison Park,
Pennsylvania,
U.S.A.

Jim Toner's Wealth Builders have changed my life

#36Consumer Comment

Wed, January 16, 2008

I took Jim Toner's real estate class several years ago and found it to be the most comprehensive class that I've ever come across. Prior to that, I took several other classes, bought books, Cd's, Dvd's, etc and none of them came close to Jim Toner's model for real estate investing.

There are many aspects to the training that are beneficial, but the thing that separates Jim Toner's program from the rest of the "experts" is the ongoing support and training. Not all real estate transactions are the same and anytime there is a question, I can call the Mentors and they are quick with an answer.

I continue to support Jim Toner and his Wealth Builders and would highly recommend the course to anyone who is serious about real estate investing.


Marc

Carnegie,
Pennsylvania,
U.S.A.

Make money with Jim Toner the easy way!

#36Consumer Comment

Tue, January 15, 2008

Jim Toner's real estate seminar gave me the information I needed to get started. And without it, I would never have taken the first step towards purchasing my first property. Jim's team delivers on their promise. All you have to do is pick up the phone and give them a call. I now have the confidence to search out properties, determine rehab cost, make bids and complete the rehab. Fourteen months ago, I had no clue, but now I do, and I am enjoying my new sideline, and it makes me money...now that's a good thing.


Victor

Herndon,
Virginia,
U.S.A.

Does anyone else see something suspicious about the rebuttals?

#36Consumer Comment

Tue, January 15, 2008

Look at the times submitted of all these glowing, raving, incredible, reviews for Jim Toner's Wealth Building Real Estate course. All submitted on the same day (1/14/2008) and within five hours of each other.


Bill submitted 4:38:54 PM
Sam submitted 4:49:41 PM
Bdk submitted 5:36:33 PM
Suzanne submitted 6:51:29 PM
Dave submitted 7:33:04 PM
Kevin submitted 7:45:28 PM (short entry)
Cory submitted 7:49:12 PM (submitted only 4 minutes after Kevin's short entry)
Vince submitted 8:04:18 PM
Cindy submitted 8:31:06 PM
Art submitted 9:22:17 PM

Kevin and Cory modified theirs within a minute of each other and Art and Cindy modified theirs within 2 minutes of each other at 4:22 AM!! Coincidence?

Hey Jim, next time you try pull a fast one at least space your fake rebuttals out over a few days..Ha ha.


Mcclure

Pittsburgh,
Pennsylvania,
U.S.A.

Everyone has an opinion but not everyone has "common sense."

#36Consumer Comment

Tue, January 15, 2008

I'm a real estate agent in the Pittsburgh area. A number of my clients are students of Real Estate Riches/Jim Toner's Wealth Builders. "Joe" seems to assume that common sense in real estate investing, where fortunes have been made and lost, is universal and understood by all equally. As an agent, I respectfully disagree.

Real Estate investing potentially holds both dear rewards and tragic consequences, which camp an individual falls into is usually dictated by what sort of knowledge/education they have acquired about their local real estate market. What makes Jim's program exceptional, unlike the infomercials you see on TV, is that Jim practices what he preaches in that his success came from the very same market most of his students come from.

My experience as an agent and investor myself are that it is NOT "common sense" to most people about how one goes about securing financing for investment properties. Nor is it "common sense" how to go about determining what a diamond in the rough looks like. How does one determine a good deal from a GREAT deal, let alone from one which might sink you or that one ought to simply walk away from? Education/knowledge is key.

How does one go about vetting contractors? Is that common sense? How does one differentiate between someone who simply gets the job done from someone who is passionate about their work and detail oriented? How does one determine appropriate rehab costs? What's the right ARV? MAO? What are the tax consequences? Are these "common sense" issues for most people?

Are liability issues "common sense?" Sure, to a lawyer perhaps... but to most people, some education and guidance from an experienced hand is warranted.

My experience as an agent who serves a number of Jim's students is that that is EXACTLY what they receive. They get sound wisdom and guidance from an experienced hand navigating them through the potential rewards, complexities and pitfalls of real estate investing.

My job is made immeasurably easier because of how well Jim educates his students. Too bad their aren't more people with Jim's integrity and sense of humanity in this world.


Mcclure

Pittsburgh,
Pennsylvania,
U.S.A.

Everyone has an opinion but not everyone has "common sense."

#36Consumer Comment

Tue, January 15, 2008

I'm a real estate agent in the Pittsburgh area. A number of my clients are students of Real Estate Riches/Jim Toner's Wealth Builders. "Joe" seems to assume that common sense in real estate investing, where fortunes have been made and lost, is universal and understood by all equally. As an agent, I respectfully disagree.

Real Estate investing potentially holds both dear rewards and tragic consequences, which camp an individual falls into is usually dictated by what sort of knowledge/education they have acquired about their local real estate market. What makes Jim's program exceptional, unlike the infomercials you see on TV, is that Jim practices what he preaches in that his success came from the very same market most of his students come from.

My experience as an agent and investor myself are that it is NOT "common sense" to most people about how one goes about securing financing for investment properties. Nor is it "common sense" how to go about determining what a diamond in the rough looks like. How does one determine a good deal from a GREAT deal, let alone from one which might sink you or that one ought to simply walk away from? Education/knowledge is key.

How does one go about vetting contractors? Is that common sense? How does one differentiate between someone who simply gets the job done from someone who is passionate about their work and detail oriented? How does one determine appropriate rehab costs? What's the right ARV? MAO? What are the tax consequences? Are these "common sense" issues for most people?

Are liability issues "common sense?" Sure, to a lawyer perhaps... but to most people, some education and guidance from an experienced hand is warranted.

My experience as an agent who serves a number of Jim's students is that that is EXACTLY what they receive. They get sound wisdom and guidance from an experienced hand navigating them through the potential rewards, complexities and pitfalls of real estate investing.

My job is made immeasurably easier because of how well Jim educates his students. Too bad their aren't more people with Jim's integrity and sense of humanity in this world.


Mcclure

Pittsburgh,
Pennsylvania,
U.S.A.

Everyone has an opinion but not everyone has "common sense."

#36Consumer Comment

Tue, January 15, 2008

I'm a real estate agent in the Pittsburgh area. A number of my clients are students of Real Estate Riches/Jim Toner's Wealth Builders. "Joe" seems to assume that common sense in real estate investing, where fortunes have been made and lost, is universal and understood by all equally. As an agent, I respectfully disagree.

Real Estate investing potentially holds both dear rewards and tragic consequences, which camp an individual falls into is usually dictated by what sort of knowledge/education they have acquired about their local real estate market. What makes Jim's program exceptional, unlike the infomercials you see on TV, is that Jim practices what he preaches in that his success came from the very same market most of his students come from.

My experience as an agent and investor myself are that it is NOT "common sense" to most people about how one goes about securing financing for investment properties. Nor is it "common sense" how to go about determining what a diamond in the rough looks like. How does one determine a good deal from a GREAT deal, let alone from one which might sink you or that one ought to simply walk away from? Education/knowledge is key.

How does one go about vetting contractors? Is that common sense? How does one differentiate between someone who simply gets the job done from someone who is passionate about their work and detail oriented? How does one determine appropriate rehab costs? What's the right ARV? MAO? What are the tax consequences? Are these "common sense" issues for most people?

Are liability issues "common sense?" Sure, to a lawyer perhaps... but to most people, some education and guidance from an experienced hand is warranted.

My experience as an agent who serves a number of Jim's students is that that is EXACTLY what they receive. They get sound wisdom and guidance from an experienced hand navigating them through the potential rewards, complexities and pitfalls of real estate investing.

My job is made immeasurably easier because of how well Jim educates his students. Too bad their aren't more people with Jim's integrity and sense of humanity in this world.


Mcclure

Pittsburgh,
Pennsylvania,
U.S.A.

Everyone has an opinion but not everyone has "common sense."

#36Consumer Comment

Tue, January 15, 2008

I'm a real estate agent in the Pittsburgh area. A number of my clients are students of Real Estate Riches/Jim Toner's Wealth Builders. "Joe" seems to assume that common sense in real estate investing, where fortunes have been made and lost, is universal and understood by all equally. As an agent, I respectfully disagree.

Real Estate investing potentially holds both dear rewards and tragic consequences, which camp an individual falls into is usually dictated by what sort of knowledge/education they have acquired about their local real estate market. What makes Jim's program exceptional, unlike the infomercials you see on TV, is that Jim practices what he preaches in that his success came from the very same market most of his students come from.

My experience as an agent and investor myself are that it is NOT "common sense" to most people about how one goes about securing financing for investment properties. Nor is it "common sense" how to go about determining what a diamond in the rough looks like. How does one determine a good deal from a GREAT deal, let alone from one which might sink you or that one ought to simply walk away from? Education/knowledge is key.

How does one go about vetting contractors? Is that common sense? How does one differentiate between someone who simply gets the job done from someone who is passionate about their work and detail oriented? How does one determine appropriate rehab costs? What's the right ARV? MAO? What are the tax consequences? Are these "common sense" issues for most people?

Are liability issues "common sense?" Sure, to a lawyer perhaps... but to most people, some education and guidance from an experienced hand is warranted.

My experience as an agent who serves a number of Jim's students is that that is EXACTLY what they receive. They get sound wisdom and guidance from an experienced hand navigating them through the potential rewards, complexities and pitfalls of real estate investing.

My job is made immeasurably easier because of how well Jim educates his students. Too bad their aren't more people with Jim's integrity and sense of humanity in this world.


D.j.

Allison Park,
Pennsylvania,
U.S.A.

Jim Toner's Wealth Builders Changed My Life

#36Consumer Comment

Tue, January 15, 2008

I have been investing in real estate using Jim Toner's Wealth Building System for about three years. Prior to that, I read numerous books, attended several workshops, and purchased courses. Jim Toner's course is by far the most informative and comprehensive course that I have seen. Not only did I learn how to make money investing in real estate, I also learned how rich people think. I use this new mindset in my business and personal life. Without the help of Jim Toner and the Mentors, I would not have been able to quit my previous job and invest fulltime.

In regards to Joe's statement that "a three day course doesn't make you a real estate investor", I completely agree with him. However, Joe failed to mention the ongoing support that you receive after the training. When I first started, I was scared to death to buy my first property and my Mentor helped me every step of the way. Even now, when I have questions, the Mentors are extremely helpful. The Mentoring Program clearly separates Jim Toner's Wealth Builders from the rest of the real estate experts. I continue to support and recommend Jim Toner's real estate program to anyone who is serious about investing in real estate.


Art

Jeannette,
Pennsylvania,
U.S.A.

Satisfied Student in the Real Estate Riches Program

#36Consumer Comment

Tue, January 15, 2008

In February 2007, I attended a free information program offered by Real Estate Riches. The information discussed during the evening event further sparked a desire that existed in me to explore the benefits of investing in real estate.

My wife and I were looking for an opportunity that would enable us to work together building a business and our current income level. In 2006, we had decided that real estate investing was the direction we would pursue, and began to research the various options.

The Real Estate Riches information program that I attended solidified my decision to pursue real estate investing as a business, and the simple, direct approach that Jim Toner discussed during the event was refreshing and informative. Upon arriving home, I discussed the information with my wife and we decided to make an appointment with RER to gather additional information. Jim explained the training program and the associated cost of the training, in detail and answered all of my questions, I requested a second meeting so that my wife could address any questions that she had regarding our potential involvement in the RER program. Upon the conclusion of the second meeting, we enlisted in the training.

My wife and I had a great experience throughout the training and have had the pleasure of meeting and networking with other investors that have worked through real estate investors training, offered by Jim Toner. The education and personal mentoring that my wife and I received from Jim Toner and associates has equipped us to pursue our goals and grow both personally and professionally.

Nearly one year later, my wife and are working our business by using the tools and direction that we received from Jim Toner and the RER program. There were several experienced real estate investors involved in our training, and the same individuals continue to offer their experience as a service to our success. We will reach our goals, and we look forward to working along side Jim Toner and the group of professionals that make up this organization.


Cindy

Bethel Park,
Pennsylvania,
U.S.A.

Jim Toner's Team has been extremely invaluable to my real estate investing

#36Consumer Comment

Tue, January 15, 2008

I attended Jim Toner's Class in Mar 06 after deciding to enter the real estate investing market. Since then I have attended at least 6 other classes all over the US. I can tell you first hand that Jim's team of mentor's are extremely knowledgable and always there for you. First, the class is very detailed. Three full days including going on-site to a home, determining the cost of rehab and if it would be a good purchase. I would have no idea where to start without that.

Additionally, he has all the legal papers from PA readily available to all clients at no charge. If the law changes, the forms are updated, so you are assured you are within the law.

He has a contractor's list of all the local businesses to get you started: Roofers, General Contractors, Finanical Institutions, Realtors, Electricans, etc. They treat you right and give you a fair price.

But the most valuable of all are the mentors. They came with me more than once to look at properties, go through my estimates to make sure they are okay, come to the open houses, and help me determine what the selling price should be.

One property I purchased, I inherited a tenant that was late his first month. They walked me through the process of going to the magistrate and let me know everything I had to say and what I had to bring.

For my first tenant, they walked me through the application process, told me what leases are the best, made sure I understood the descrimination laws against handicap and the such (which never would have crossed my mind) and helped me understand the move in process too.

Another time, I got cold feet after I purchased a property and another mentor came out and went through everything with me again and helped me understand how to make the property cash flow.

I email them almost daily and talk with them weekly. I can tell you that I have at least three friends that have 30-60 properties each. They get really tired fast from receiving phone calls and answering questions...even after you buy the lunch or dinner certificates. This business is really complicated and one time for lunch just doesn't cut it.

Also, every other class I took around the country, was just that...a class. They are not there after the class for the real life application that is necessary. This causes most people to spend money on the class and never do anything. (Unless you pay another $2000 a month for one hour a week phone help)

Jim's team is always there for encouragement and to give you that little push to actually do it. They even do monthly networking events with other clients.

Not sure where you came up with your article, but it seems to me that you either didn't take the class or have not taken advantage of their mentor's to know if it is the real deal or not.


Vince

Gibsonia,
Pennsylvania,
U.S.A.

Response to Joe's comments

#36UPDATE Employee

Tue, January 15, 2008

I wanted to respond to the comments made by Joe pertaining to Jim Toner's Wealth Builders. The above comments, focus on a 3 day class, however there is a lot of vital information that is NOT mentioned in the above report, that any educated consumer would want to know prior to drawing any type of conclusion about the company or Jim Toner.

The program that Jim Toner's Wealth Builders offers and what the above report fails to mention is that it is more than just a 3 day course. You have a unique opportunity to work with and build a lasting relationship with an experienced and successful real estate investor that is local to the area. The mentors answer your questions, review your deals and walk through properties with their clients. They provide valuable information and experience that allows you to benefit/learn from their mistakes and successes.

This is priceless for any real estate investor. I have successfully been investing in real estate for the past 9 years. Jim Toner's Wealth Builders were not around when I got started. There are some mistakes that I made that cost me a lot more then the $7500. Fortunately I have made more money than I have lost and without a doubt I can say that if Jim Toner's Wealth Builders/Real Estate Riches were around when I had stated investing in Real Estate my association with them would have saved me thousands and thousands of dollars.

The vendor's list is another key aspect of the program that is offered by Jim Toner's Wealth Builders. The vendor's list provides names and phone numbers of reliable business contacts in the real estate industry. They include contractors, real estate agents, banks, hard money lendors, mortgage brokers, insurance agents, electrician, plumbers, landscapers, property managers, roofers etc..... The individuals/businesses on the vendor's list have a proven track record and are a reliable source for real estate investors. Again speaking from experience it took me 2 1/2 years to find a trust worthy contractor.

Finally, the program that Jim Toner's Wealth Builders offer comes with a 100% money back Guarantee. How can you go wrong with that!


Vince

Gibsonia,
Pennsylvania,
U.S.A.

Response to Joe's comments

#36UPDATE Employee

Tue, January 15, 2008

I wanted to respond to the comments made by Joe pertaining to Jim Toner's Wealth Builders. The above comments, focus on a 3 day class, however there is a lot of vital information that is NOT mentioned in the above report, that any educated consumer would want to know prior to drawing any type of conclusion about the company or Jim Toner.

The program that Jim Toner's Wealth Builders offers and what the above report fails to mention is that it is more than just a 3 day course. You have a unique opportunity to work with and build a lasting relationship with an experienced and successful real estate investor that is local to the area. The mentors answer your questions, review your deals and walk through properties with their clients. They provide valuable information and experience that allows you to benefit/learn from their mistakes and successes.

This is priceless for any real estate investor. I have successfully been investing in real estate for the past 9 years. Jim Toner's Wealth Builders were not around when I got started. There are some mistakes that I made that cost me a lot more then the $7500. Fortunately I have made more money than I have lost and without a doubt I can say that if Jim Toner's Wealth Builders/Real Estate Riches were around when I had stated investing in Real Estate my association with them would have saved me thousands and thousands of dollars.

The vendor's list is another key aspect of the program that is offered by Jim Toner's Wealth Builders. The vendor's list provides names and phone numbers of reliable business contacts in the real estate industry. They include contractors, real estate agents, banks, hard money lendors, mortgage brokers, insurance agents, electrician, plumbers, landscapers, property managers, roofers etc..... The individuals/businesses on the vendor's list have a proven track record and are a reliable source for real estate investors. Again speaking from experience it took me 2 1/2 years to find a trust worthy contractor.

Finally, the program that Jim Toner's Wealth Builders offer comes with a 100% money back Guarantee. How can you go wrong with that!


Vince

Gibsonia,
Pennsylvania,
U.S.A.

Response to Joe's comments

#36UPDATE Employee

Tue, January 15, 2008

I wanted to respond to the comments made by Joe pertaining to Jim Toner's Wealth Builders. The above comments, focus on a 3 day class, however there is a lot of vital information that is NOT mentioned in the above report, that any educated consumer would want to know prior to drawing any type of conclusion about the company or Jim Toner.

The program that Jim Toner's Wealth Builders offers and what the above report fails to mention is that it is more than just a 3 day course. You have a unique opportunity to work with and build a lasting relationship with an experienced and successful real estate investor that is local to the area. The mentors answer your questions, review your deals and walk through properties with their clients. They provide valuable information and experience that allows you to benefit/learn from their mistakes and successes.

This is priceless for any real estate investor. I have successfully been investing in real estate for the past 9 years. Jim Toner's Wealth Builders were not around when I got started. There are some mistakes that I made that cost me a lot more then the $7500. Fortunately I have made more money than I have lost and without a doubt I can say that if Jim Toner's Wealth Builders/Real Estate Riches were around when I had stated investing in Real Estate my association with them would have saved me thousands and thousands of dollars.

The vendor's list is another key aspect of the program that is offered by Jim Toner's Wealth Builders. The vendor's list provides names and phone numbers of reliable business contacts in the real estate industry. They include contractors, real estate agents, banks, hard money lendors, mortgage brokers, insurance agents, electrician, plumbers, landscapers, property managers, roofers etc..... The individuals/businesses on the vendor's list have a proven track record and are a reliable source for real estate investors. Again speaking from experience it took me 2 1/2 years to find a trust worthy contractor.

Finally, the program that Jim Toner's Wealth Builders offer comes with a 100% money back Guarantee. How can you go wrong with that!


Vince

Gibsonia,
Pennsylvania,
U.S.A.

Response to Joe's comments

#36UPDATE Employee

Tue, January 15, 2008

I wanted to respond to the comments made by Joe pertaining to Jim Toner's Wealth Builders. The above comments, focus on a 3 day class, however there is a lot of vital information that is NOT mentioned in the above report, that any educated consumer would want to know prior to drawing any type of conclusion about the company or Jim Toner.

The program that Jim Toner's Wealth Builders offers and what the above report fails to mention is that it is more than just a 3 day course. You have a unique opportunity to work with and build a lasting relationship with an experienced and successful real estate investor that is local to the area. The mentors answer your questions, review your deals and walk through properties with their clients. They provide valuable information and experience that allows you to benefit/learn from their mistakes and successes.

This is priceless for any real estate investor. I have successfully been investing in real estate for the past 9 years. Jim Toner's Wealth Builders were not around when I got started. There are some mistakes that I made that cost me a lot more then the $7500. Fortunately I have made more money than I have lost and without a doubt I can say that if Jim Toner's Wealth Builders/Real Estate Riches were around when I had stated investing in Real Estate my association with them would have saved me thousands and thousands of dollars.

The vendor's list is another key aspect of the program that is offered by Jim Toner's Wealth Builders. The vendor's list provides names and phone numbers of reliable business contacts in the real estate industry. They include contractors, real estate agents, banks, hard money lendors, mortgage brokers, insurance agents, electrician, plumbers, landscapers, property managers, roofers etc..... The individuals/businesses on the vendor's list have a proven track record and are a reliable source for real estate investors. Again speaking from experience it took me 2 1/2 years to find a trust worthy contractor.

Finally, the program that Jim Toner's Wealth Builders offer comes with a 100% money back Guarantee. How can you go wrong with that!


Cory

Monroeville,
Pennsylvania,
U.S.A.

"Three Day Course"

#36Consumer Comment

Tue, January 15, 2008

I agree that a "three day course" does not make you a real estate investor. I also agree that you must be dilligent, and continue to learn everyday. Those three things really form the foundation of Jim Toner's "three day course". The classroom time is just the beginning of your education, not the end. I participated in Real Estate Riches classroom training three years ago, and I am now a full time investor. Jim makes it very clear that once you become affiliated with him, you are a part of his organization for life. There is a provider list which is constantly updated to help you find competent people to surround yourself with. A website where you can find answers to those perplexing questions, and where you can network with like-minded people. And of course the door is always open to call Jim or one of his mentors.

I think that anyone who is passionate about anything new needs to have a coach who has been there to teach them. That is what your $7,500 investment brings, NOT just a "three day Course".


Kevin

Centre Hall,
Pennsylvania,
U.S.A.

Jim Toners Mentor Program

#36Consumer Comment

Tue, January 15, 2008

I have invested in Jim Toners 3 day course and found the information and materials priceless. I was an investor prior to taking the course, but Jim's training has transformed my business. The part I found to be the most valuable is the mentoring. My personal mentor drove 6 hours round trip to view properties I was planning on purchasing. The personal insight and recommendations proved to be invaluable. I continue to be in contact with my mentor weekly, even now 10 months later. I endorse this program whole heartedly.


Dave

Pittsburgh,
Pennsylvania,
U.S.A.

Our Experience with Jim Toner's Wealth Builders (Real Estate Riches) Program

#36Consumer Comment

Tue, January 15, 2008

I'm sorry that Joe from Pittsburgh was unhappy with the Jim Toner's Wealth Builders program (aka: Real Estate Riches) to the point of trying to disseminate negative propaganda. My wife and I participated in the program about three years ago and continue to be pleased, not just from the results of what we learned during the original seminar, but more importantly by the way that Jim and his colleagues assist the students following the classroom study to help them practice what they preach. Even three years after taking the course (and over a dozen successful real estate purchases), we appreciate knowing that they continue to be there to help us with any questions that might arise.

We found it interesting that Joe from Pittsburgh concluded his derogatory comments by stating that in the field of real estate even the pros are still learning everyday and that he strongly recommends networking with like minded positive' people.

In our opinion we followed this advice when we joined the program in that we learned (and continue to learn) a lot from Jim and the others in the organization and you would be hard pressed to find a better group of like minded positive people to network with. Our advise to Joe would be to take advantage of the program as it is designed and he will also see a return on his investment many times over and turn his negative opinion into a positive one.


Suzanne

Pittsburgh,
Pennsylvania,
U.S.A.

very satisfied participant

#36Consumer Comment

Tue, January 15, 2008

I had previewed several other companies that promised the same information on how to achieve wealth through real estate prior to finding Jim Toner's courses. Of course, it all seems like "common sense" until you are really ready to purchase property, then you find yourself not knowing exactly what steps to take and second guessing every choice.
I decided to give Jim's free seminar a try and was impressed. He doesn't live in another part of the world and make educated guesses regarding your territory based on where he resides and buys. He actually has researched the area and invests there himself. That was the first thing I noticed that was different.
Once I met one on one with him, I started to realize that he is a truly amazing man. He wasn't merely buying houses just to make money, he was revitalizing areas and giving back to his community. Once I had the opportunity to meet with him, I knew I had found the group to help me.
As far as the price of the classes, it was some of the best money I have ever invested. I have had success with Jim and his mentors because they were beside me each step of the way. A few months ago, I netted $40,000 on one property...double my investment! If I was confused, they gave me information. If I needed certain work done, they helped find the right person. If I was scared to death, the gave me moral support.
They have become "my real estate family". The three day class is just the beginning of a long term relationship.
There is a difference between common sense and knowledge. I certainly spent much more money on a college degree and never regretted it, so why would I ever consider this money not well spent? I have learned what real estate investing can do for me, made contacts through the group, and learned compassion for my neighborhoods. I buy houses, sell homes and keep my community thriving with their help.


Bdk

Murrysville,
Pennsylvania,
U.S.A.

Jim Toner's seminar--a good idea!

#36Consumer Comment

Tue, January 15, 2008

I was a student at one of Jim Toner's seminars about 2 years ago. Since then I have "flipped" 2 properties, both at a reasonable profit. I am currently in the middle of a 5-unit rental project worth almost a half million dollars.

I believe the information presented at this seminar gave me a solid basic knowledge of how to get started making money in real estate. Of course, with experience being the best teacher, it was important to me that Jim Toner had been successful in the Pittsburgh area marketplace for almost 20 years. I make it a point to associate with both the leaders in Jim's organization, and with other investors that Jim has taught who are building successful businesses. Jim Toner and his staff do make themselves available as consultants and "coaches" to any of his students, and a continuing basis.

Real estate investing is a serious business, with many financial rewards and risks. I have talked to more than a few investors who have lost money and even declared bankruptcy because of bad deals, lack of knowledge, or the idea that they could just read a couple books, or buy some CD's from a infomercial TV "guru" and get rich overnight.

I honestly believe that the chance of this type of failure for me was practically eliminated by attending Jim Toner's seminar. I easily made up the seminar cost in my first deal, which was exactly what Jim said would happen if his students would simply do what they were taught to do!


Sam

Greensburg,
Pennsylvania,
U.S.A.

Happy Client

#36Consumer Comment

Mon, January 14, 2008

To respond to Joes advice, I would like to say that it is advice like his that gets people into BIG TROUBLE. In my opinion you always get what you pay for, in this case if you get free info from someone that says they are an investor you are getting what you paid for the advice which is nothing.

I have been through the program that Jim Toner offers when it was Real Estate Riches, which was the best thing I could have done. The costly mistakes I would have made I was able to avoid and I was able to make a much higher profit using the info I was given. (I got what I paid for.) In just a few years I was able to leave my job and be a full time investor (working 10 hrs per week).

Jim Toner just started his new company at the begining of 2008, I heard it on his radio show on 104.7FM Sat 8:00AM on Jan 5th. I would and do reccomend his program to anyone that is considering real estate investment. I do not know why Joe is so angry but taking his advice is a sure path to financial ruin.


Sam

Greensburg,
Pennsylvania,
U.S.A.

Happy Client

#36Consumer Comment

Mon, January 14, 2008

To respond to Joes advice, I would like to say that it is advice like his that gets people into BIG TROUBLE. In my opinion you always get what you pay for, in this case if you get free info from someone that says they are an investor you are getting what you paid for the advice which is nothing.

I have been through the program that Jim Toner offers when it was Real Estate Riches, which was the best thing I could have done. The costly mistakes I would have made I was able to avoid and I was able to make a much higher profit using the info I was given. (I got what I paid for.) In just a few years I was able to leave my job and be a full time investor (working 10 hrs per week).

Jim Toner just started his new company at the begining of 2008, I heard it on his radio show on 104.7FM Sat 8:00AM on Jan 5th. I would and do reccomend his program to anyone that is considering real estate investment. I do not know why Joe is so angry but taking his advice is a sure path to financial ruin.


Sam

Greensburg,
Pennsylvania,
U.S.A.

Happy Client

#36Consumer Comment

Mon, January 14, 2008

To respond to Joes advice, I would like to say that it is advice like his that gets people into BIG TROUBLE. In my opinion you always get what you pay for, in this case if you get free info from someone that says they are an investor you are getting what you paid for the advice which is nothing.

I have been through the program that Jim Toner offers when it was Real Estate Riches, which was the best thing I could have done. The costly mistakes I would have made I was able to avoid and I was able to make a much higher profit using the info I was given. (I got what I paid for.) In just a few years I was able to leave my job and be a full time investor (working 10 hrs per week).

Jim Toner just started his new company at the begining of 2008, I heard it on his radio show on 104.7FM Sat 8:00AM on Jan 5th. I would and do reccomend his program to anyone that is considering real estate investment. I do not know why Joe is so angry but taking his advice is a sure path to financial ruin.


Sam

Greensburg,
Pennsylvania,
U.S.A.

Happy Client

#36Consumer Comment

Mon, January 14, 2008

To respond to Joes advice, I would like to say that it is advice like his that gets people into BIG TROUBLE. In my opinion you always get what you pay for, in this case if you get free info from someone that says they are an investor you are getting what you paid for the advice which is nothing.

I have been through the program that Jim Toner offers when it was Real Estate Riches, which was the best thing I could have done. The costly mistakes I would have made I was able to avoid and I was able to make a much higher profit using the info I was given. (I got what I paid for.) In just a few years I was able to leave my job and be a full time investor (working 10 hrs per week).

Jim Toner just started his new company at the begining of 2008, I heard it on his radio show on 104.7FM Sat 8:00AM on Jan 5th. I would and do reccomend his program to anyone that is considering real estate investment. I do not know why Joe is so angry but taking his advice is a sure path to financial ruin.


Bill

New Castle,
Pennsylvania,
U.S.A.

Jim Toner's ethics and advice are far beyond the untruthful comment posted by "Joe"

#36Consumer Comment

Mon, January 14, 2008

When I came accross this post I couldnt believe what this guy is saying. Jim Toner's coaching is far from what this "Joe" has described. Jim's ethical and sound advice to successful real estate investing is priceless. It is obvious Joe is a competitor of Jim and is looking to hurt Jim's company for his own financial reward. For anyone that has had the opportunity to work with Jim knows what has been said here by Joe is 100% false. If you ever get the opportunity to let Jim teach you the ethical approach to real estate than I suggest you jump on board immediately.

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