Tax Lien/ snake oil is back?

[whitt]

Looks like Pj's Tax lien buddy Dan Eckleman is back presenting at a new NZ event.


Be careful both Dean letfus & Matt Gilligan warned against Tax Liens in this thread

http://www.propertytalk.com/forum/showthread.php?t=20234

I've spoken to people here and in the USA, they are snake oil, complete with white shoes and wagons :-).

[Perry]

But wasn't there some later change-of-heart?
.

[whitt]

But wasn't there some later change-of-heart?

From latest info pointed out to me it may appear so?

Does that mean it is only snake oil when P Jones is promoting it?

[Perry]

All a matter of the spin one puts on it, perhaps?
.

[NovInvestor]

It's a side distraction strategy that wastes more time and less results.

[Xav]

For reference:

I can find no evidence whatsoever of Eckelman being involved with Trump as their Number 1 gloabl trainer and Tom was stopped at customs because of proceedings against him.

Would you trust the words of these people?

If you do your own homework you will find that there are great courses based in the USA you can buy and do from home for $25.

And if you troll the various USA web sites they all say only to do it if you are an expert in an area and you can view the property prior. Doing it long distance is specifically warned against again and again.

I have a string of people who feel ripped off. Haven't yet heard a success story.

To be frank, I think Tax Liens are high risk due to the cross boarder issues and I am recommending to my clients not to got (sic) there. Jones/Richmastery overselling them and underestimating risk.
...
You need to invest a minimum of NZ$100k to dilute the transactional and compliance costs, - and then you carry the exchange risk.
...
Commercial Alert
I say don't go there. I am putting out a commercial alert - I think these things are risky and PJ is underestimating the risks.

We have suspended our relationship with Richmastery, - think about that.

Probably a good time now dean to say if you are going to promote this business yourself in the future. We have seen you do this with other courses. What is different this time.

As I've never done that I'll leave you to your tiresome fantasies Fox.
What a stupid question.

[PeterEmpowerEd]

Striking.

Thanks Xav. That's a worthwhile summary.

It's easy to forget how ACTIVE some ex Richmastery folk had been in speaking out publicly against US Tax Liens as a suitable investment for Kiwis. Then it stopped.

That they're now promoting them is, well, striking. (Money talks?)

Peter Aranyi
blog: www.thePaepae.com

[NovInvestor]

Yeah when these folks receive money to promote stuff they quickly change their tone.

Last time they charged $7500US for the course (not including setup fees and ongoing "support" fees), interesting to know how much they charge this time round.

[Xav]

Thanks Xav. That's a worthwhile summary.

I like the last two best. The real question is, is foxinthehenhouse psychic and if so how much does it cost to go to one of his seminars??

[speights boy]

How many times have we heard that final paragraph?

Roberts recently attended a foreclosure institute workshop in Detroit and was not impressed. "If the content was that good, the institute wouldn't be conducting seminars," he said. “They would be doing it themselves.”

http://archives.signonsandiego.com/u...6seminars.html

[PeterEmpowerEd]

Prescient

The real question is, is foxinthehenhouse psychic and if so how much does it cost to go to one of his seminars??

Yah <snort>. Prescient, alright.

We're each fairly to be judged by our track records and the veracity of past statements, in my opinion.
It's almost enough to make one temper what one says in public, wouldn't you agree?

Peter Aranyi
Blog: www.thePaepae.com

[Propoholic]

How many times have we heard that final paragraph?

Yep, last two paragraphs are good:-

Critics say information taught at such seminars is easily available at bookstores. “The whole thing is probably a $100 value,” said Ralph Roberts, a real estate investor and the author of the book “Protect Yourself from Real Estate and Mortgage Fraud.”

Roberts recently attended a foreclosure institute workshop in Detroit and was not impressed. If the content was that good, the institute wouldn't be conducting seminars, he said. “They would be doing it themselves.”

[NovInvestor]

The problem is the article was from Sept 2007.

If the guy claiming to have bought 3 homes and made $100k equity, then he would have lost his pants by now.

Housing values in US tanked between 2007 to now.

[speights boy]

It appears the James chap is one of the salesmen.

The guru seminar has the founder of National Foreclosure Institute speaking.

The power of being a guru I guess.

“Make money in real estate foreclosures,” read the headline of a full-page ad run in the Star Tribune for several days in late August, 2007. “Learn how easy it can be to tap into the hottest opportunity in real estate!” This invitation seemed right up our alley. I decided to check it out. Howie Gangestad, who has bought foreclosed properties in north Minneapolis, also attended the event.

The two-hour seminar was held at the Marriott hotel in Bloomington on Sunday, August 26 starting at 3 p.m. Three others were scheduled on consecutive days. Our instructor was a man named James who had lost a job with Montgomery Ward. In 1997 he took the course, sponsored by the National Foreclosure Institute, and moved quickly to put its concepts into practice. A foreclosed property which he bought for $713,000 five years ago had recently been appraised at $1.6 million.

http://www.landlordpolitics.com/foreclosures.html

[PeterEmpowerEd]

Window dressing?

The guru seminar has the founder of National Foreclosure Institute speaking.

Oh, it's an 'institute'.

Like this one?

Peter Aranyi
Blog:www.thePaepae.com