Comments on: The Trump Insititute’s Way to Wealth

By: Rick

Rick — Wed, 28 Jan 2009 02:11:02 +0000

Susan,

I applaud you and your desire to tell it like it is. I’m honored to be apart of your network.

I think you just said with most of us knew at the heart level.

By: Ivan

Ivan — Mon, 26 Jan 2009 03:37:36 +0000

I went to one of his seminars 3 years ago in Denver, it was nothing but a 3 day infomercial. I was very discourage because I never thought Mr Trump will be working with this kind of people non the less it gave a perspective of the type that you do not want to be or be associate with.

Thank you.

By: Robert Kim

Robert Kim — Mon, 26 Jan 2009 02:33:26 +0000

Not only are your comments funny but they are right on the mark. Thanks for telling it like it is.

–
Bob

By: Lee

Lee — Sun, 25 Jan 2009 21:53:52 +0000

Susan,

I have a lot of respect for you as a real estate professional, and that respect has increased manifolds by your courage to expose the real estate “guru” silliness which is so rampant in our industry.

As soon as these “gurus” get some traction, they hire a bunch of trainers who teach their respective guru’s “system”.

Real estate is not hamburger, colored water or stock that you can build a system around. The very reason it is called “real” is that each piece of real state is unique.

Of course, one can argue that Florida condos are like hamburgers , but they are like hamburgers for the developers. And these developers are not getting educated by these “gurus” anyway. They are a league of their own.

Buyers, sellers, and funding sources come together to create a symphony called real estate transaction. The name of the game, in the real estate investment is to find really motivated sellers and really flexible funding sources.

The more one is able to find really motivated sellers and really flexible funding sources, the sooner she is going to accumulate massive real estate wealth. Absent one of them and you have an uphill battle which could be won only with a lot of agony.

Most “systems” cannot deliver “motivated buyers + flexible funding sources” to the buyers who end up wasting money on these gurus’ “systems”.

One or two percent of the students who somehow get access to motivated sellers and flexible funding sources, are then touted as the testimonials to the gurus’ systems to sell more copies of the system.

The 2008 craze was/is “wholesale” and “short sale”. The 2009-2010 craze is “tapes”. You will see a lot of systems teaching aspiring real estate investors to become tape buyers/brokers. A “tape” is nothing but bulk property or note purchase from an institution.

I heard you saying in one of your audio presentations that you don’t like to be called a “guru”. I don’t blame you. Even when I become a real estate educator, which I aspire to do, I would not want to be called a “guru”.

I am looking forward to being a part of a network of conscientious real estate educators who help produce professionals who can make honest and plentiful living in this awesome profession of real estate investments.

Lee
BankFreeInvesting.com

By: scott mackinnon

scott mackinnon — Sun, 25 Jan 2009 20:59:29 +0000

Susan,
I went to a seminar in california about 4 years ago while I was living there and it was from the mile high capital group and it`s president- rick dryer. I actually met him and spoke to him a little bit with some other people and the numbers on those duplexes seemed a little too good to be true and I didn`t end up investing with him…thank god- it was a total scam.
I read a story about him in the charlotte business journal about a year ago and how a company in Charlotte actually hired him as director after he was indicted in colorado and I actaully got something in the mail from this company asking me to invest with them. This guy is bad news and I can`t believe he lives out near me in the charlotte area and is working for another company trying to sell investments- he should be in jail

Scott MacKinnon