As anyone used the john Alexander 14days riches in real estate book?
February 252010
l watched the program on tv and he souned pretty good but am not really sure if what him and his student said are really true. cos they all testified to buying realestate with no money down. is that real or is it a scam.
sweetie, have you been living under a rock? pick up the business journal, or read any news, or watch any financial report. the market is dead and people are bankrupt for doing EXACTLY what the book urges.
February 26th, 2010 at 2:17 am
Scam. That kind of thing is possible, but not nearly as easy at they make it sound. If you could really get rich in real estate, they why schill books? Just by the real estate!
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February 26th, 2010 at 2:40 am
sweetie, have you been living under a rock? pick up the business journal, or read any news, or watch any financial report. the market is dead and people are bankrupt for doing EXACTLY what the book urges.
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February 26th, 2010 at 3:06 am
Don’t know anyone who has ever made any money from those infomercials..
It’s not as easy as he says…
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February 26th, 2010 at 3:38 am
It might be possible but it’s a lot of work. I can tell you exactly what he’s advertising.
Find someone who has a property and wants to sell. You’re going to have to find someone who’s motivated, and is willing to sell for less than the property is worth on the open market. You get them to sign an option on the place, giving you two weeks to cover the option. Then you run an ad for the property at something above what the person is willing to sell it for. Once you’ve found some people basically you find out if any of them are interested and you get them to sign a purchase agreement. You then write up a new contract between the two, basically you’re selling your option to the new buyer for the difference. You have to do the paperwork right so that you’re selling an option and not considered a real-estate agent.
It’s probably possible to do something with all the people who are in trouble with potential foreclosures, but it is going to be work. But if you can swing it, it may be possible.
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