gcpaul@gc49.UUCP (Paul Salizar) (03/05/86)
Course by Ed Beckley, The Millionaire Maker. The course supposedly
offers to teach one how to buy real estate for investment with little
or no money down. The program sounded plausible, the course cost
$295.00 and you have a 6 month money back gaurantee if you are
dissatisfied with the course. Has anyone out there in no-man's-land
had any experience with this course/company? If so, I would be interested
to here of your experience/impression. Thanks
Paul Salazar
6709 Hunt Rd
Pleasant Garden, NC 27313
919 674 7038 hm
279-6318 wkholloway@drivax.UUCP (Bruce Holloway) (03/10/86)
In article <228@gc49.UUCP> gcpaul@gc49.UUCP (Paul Salizar) writes: >Course by Ed Beckley, The Millionaire Maker. The course supposedly >offers to teach one how to buy real estate for investment with little >or no money down. The program sounded plausible, the course cost >$295.00 and you have a 6 month money back gaurantee if you are >dissatisfied with the course. Has anyone out there in no-man's-land >had any experience with this course/company? If so, I would be interested >to here of your experience/impression. Thanks Is that the program where you get 202 VISA cards, get a $1000.00 cash advance on each card (usually just before the bank closes so they don't give you any guff), buy a $150,000 home, use that as collateral to get a $180,000 loan, pay off the VISA card bills with that money, rent the house to someone else for more than the mortgage payments and pocket $30,000? Sounds like an easy way to get ulcers and become bankrupt if the exact timing fails anywhere along the line. Seems more sensible to just go into the real estate business if that's what you want to do. A *lot* less risk. -- +----------------------------------------------------------------------------+ |Whatever I write are not the opinions or policies of Digital Research, Inc.,| |and probably won't be in the foreseeable future. | +----------------------------------------------------------------------------+ Bruce Holloway ....!ucbvax!hplabs!amdahl!drivax!holloway (I'm not THAT Bruce Holloway, I'm the other one.)
js2j@mhuxt.UUCP (sonntag) (03/13/86)
> Is that the program where you get 202 VISA cards, get a $1000.00 cash > advance on each card (usually just before the bank closes so they don't > give you any guff), buy a $150,000 home, use that as collateral to get > a $180,000 loan, pay off the VISA card bills with that money, rent the > house to someone else for more than the mortgage payments and pocket > $30,000? Just where are you going to find 1.) a bank willing to give you a $180,000 loan on $150,000 collateral? Most banks want to loan only about $130,000 on $150,000 collateral. 2.) Someone who wants to pay ~$1600/month rent on a home they could buy for $850/month after taxes? And what are you supposed to use to pay the $25-$50 yearly fee on each of those cards? > > Sounds like an easy way to get ulcers and become bankrupt if the exact > timing fails anywhere along the line. Seems more sensible to just go into > the real estate business if that's what you want to do. A *lot* less > risk. Sounds like you've also got to find someone really stupid to rent to, and a very generous bank. If you find either, let me know. Then again, you could always make a million by going on t.v. and convincing gullible people that they could become millionaires by listening to you every Sunday morning. (substitute 'saved' for 'millionaires' for YA method of becoming a millionaire.) -- Jeff Sonntag ihnp4!mhuxt!js2j
mrgofor@mmm.UUCP (MKR) (03/14/86)
In article <228@gc49.UUCP> gcpaul@gc49.UUCP (Paul Salizar) writes: >Course by Ed Beckley, The Millionaire Maker. The course supposedly >offers to teach one how to buy real estate for investment with little >or no money down. The program sounded plausible, the course cost >$295.00 and you have a 6 month money back gaurantee if you are >dissatisfied with the course. Has anyone out there in no-man's-land >had any experience with this course/company? If so, I would be interested >to here of your experience/impression. Thanks > > Paul Salazar > 6709 Hunt Rd > Pleasant Garden, NC 27313 > 919 674 7038 hm > 279-6318 wk Yeah, he's on cable TV all the time. He really *is* a millionaire maker - he made himself a millionaire with his course. I'll tell you how to become one just like him - and I won't charge you the $295. First, come up with some hair-brained scheme (like getting 2000 Visa cards and using them to buy a house). Then write a "course" around it and go on cable TV to promote the course (which you sell at $295/shot). Pretty soon, all the people who naively think they can just scoop up some easy bucks and become instant millionaires will send you their money, and voila - you're rich. :-) Seriously - this Beckley guy - that ain't workin', that's the way you do it - property for nothin' and down-payments for free. -- --MKR Sometimes even the President of the United States must have to stand naked. - Dylan
eisaman@ihlpl.UUCP (Eisaman) (03/19/86)
I have watched that show the so called "Millionarer Maker" and I would like to know if there is anyone out tere that has tried his scheme, or knows somone who has. I know it sounds too good to be true. But it seems that it could be the chance of a lifetime, if it works. But I am not going to put out $295 unless I know for sure that there is some people out there that have made money off of this scheme. Tom Eisaman ihnp4!ihlpl!eisaman
kent@mhuxd.UUCP (MILLER) (03/20/86)
> I have watched that show the so called "Millionarer Maker" and > I would like to know if there is anyone out tere that has tried > his scheme, or knows somone who has. I know it sounds too good to > be true. But it seems that it could be the chance of a lifetime, > if it works. But I am not going to put out $295 unless I know for > sure that there is some people out there that have made money off > of this scheme. > > Tom Eisaman > ihnp4!ihlpl!eisaman *** REPLACE THIS LINE WITH YOUR GIBBERISH *** I have also watched that show and have come to the conclusion that if the scheme is so great, why would he want to tell everybody? I mean, if it were me, I'd want to keep the secret to myself so I could make all the millions. Sure, HE'S probably a millionaire..., from selling his $295 kit to all the gullible fools who've got $295 burning a hole in their pockets! Chris Miller
rjd@faron.UUCP (Robert DeBenedictis) (03/20/86)
> Just where are you going to find 1.) a bank willing to give you a > $180,000 loan on $150,000 collateral? Most banks want to loan only > about $130,000 on $150,000 collateral. 2.) Someone who wants to pay > ~$1600/month rent on a home they could buy for $850/month after taxes? > And what are you supposed to use to pay the $25-$50 yearly fee on each > of those cards? 1. You buy a house worth $210K for only $150K and you can get a loan for $180K. Especially if the income (rent) covers the expenses. It's not EASY to find a $210K house that you can get for $150K. BUT, it has happened before and it will happen again. You just find someone who's sick and tired of owning THAT house. And who's willing to make a modest profit (Hell, if he only paid $80K for it, $150K may sound like a lot!) You may have to look at over 200 properties over course of 6 to 9 months; it takes time. 2. Someone will pay $1600/month for something with an after tax mortgage payment of only $850/month if THEY DON'T HAVE THE MONEY FOR A DOWN PAYMENT and THEY'RE NOT WILLING TO SPEND THE TIME LOOKING FOR A *NO* DOWN PAYMENT SITUATION. 3. You can get free credit cards. Spending $295 on beckley's material is a scam. Profiting from real eatate in america isn't. Robert DeBenedictis
phoenix@genat.UUCP (phoenix) (03/21/86)
In article <710@ihlpl.UUCP> eisaman@ihlpl.UUCP (Eisaman) writes: >I have watched that show the so called "Millionarer Maker" and >I would like to know if there is anyone out tere that has tried >his scheme, or knows somone who has. I know it sounds too good to >be true. But it seems that it could be the chance of a lifetime, >if it works. But I am not going to put out $295 unless I know for >sure that there is some people out there that have made money off >of this scheme. > >Tom Eisaman >ihnp4!ihlpl!eisaman I would doubt that there are some people who have't made money on this scheme: but I'll bet that's an awfully small group of people (outside of Mr. Millionaire-Maker himself). You notice that real people don't use his scheme (by real, I mean people in financial business); it's because any you start to use his system you must continue indefinately; and the bills, mortgages mount higher and higher the more money you are taking in. You can't ever rest, you must constantly search for new homes to buy and sell: and I don't even want to think about the Income Tax you'll have to fill out. Assuming you succeed, I'll bet you won't be happy. -- The Phoenix (Neither Bright, Dark, nor Young) ---"A man should live forever...or die trying." ---"There is no substitute for good manners...except fast reflexes."