I had seen his infomercials and never acted on it because I figured he was a scammer like most of the other infomercial people.
I decided to google his name and was pleasantly surprised that he had a pretty good reputation. He even was addressing complaints from customers on ****report.com I thought that was very commendable.
I bought his real estate millionaire book on ebay and received it a week ago. There's a lot of good info in that book. I'm still reading it.
For years I've been buying smaller items locally (stereo gear, scooters, cars etc etc), cleaning them up and reselling on ebay for good profits. I got to thinking... why am I not doing this with real estate?!! It involves the same principles... find something you know you can resell for a higher price, research it fully, buy it, clean it up and resell it. Real estate will be a little more involved and take longer to see the profits but the profits will be much higher.
I'm going to look at a HUD foreclosure tomorrow. From research I did on Zillow I found out that it sold in 2004 for $124k then it sold again in april of 2008 for $156k. Now, it's for sale for $89k in a foreclosure! I don't know what happened to the previous owners between april of 2008 and now but I'm seeing dollar signs?!
It needs a new kitchen (cabinets, sink & appliances). For some reason all those items are missing from the home. Weird.
Ok, I'm rambling now... but I wanted to thank Dean for being a stand up guy and for lighting a fire under my arse!
So thanks DEAN!