Wow! What a response from my readers on last months article “Are All Guru’s Alike?”. My mailbox was flooded with folks sharing their own experiences with infomercial and seminar “guru’s”.
Your intense feedbacks lead me to a project that I had really not intended to undertake at this time. But, your letters showed me the need for it.
So, I actually took a few days off work, and did a lot of research on all the “Real Estate Guru’s” that have come and gone over the last twenty years. It was an enlightening experience!
From this research, I created our new “Guru’s to Avoid” page at Foreclosures.com. Finally, you will have a place to see if your potential “Guru” has made the “Avoid” page.
The “Guru’s to Avoid” page is NOT one person’s opinion. (As one person alone cannot determine if a “Guru” is worthy or not.) Instead, it’s a compilation of “other investors personal stories”, as well as information taken from newspapers and government sites online.
Before you rush to the back of the room at your next seminar, or run to the phone to order your next “get rich quick” program, do some research first!
| Related Links
Ø New: Gurus to AvoidØ Sites to Avoid Ø Alexis McGee, Foreclosure Expert, Past Articles |
Here is how I did my research, so you can do your own:
- Using the Google search engine, put any Guru Name in quotes (example: “Wade Cook”). Bypass the Guru’s website, or any of their promoters websites. Look for message boards that have posted opinions from the Guru’s own Customers.
- Go to FTC.gov/search and search the “full website” for every variation of the Guru’s name and their company names.
- Go to BBB.org and select “Check out a Company”. Make sure you use every variation of the Guru’s name and their company names. Review the “Customer Experience” section for complaints and company responses. (You may want to read more about the BBB first:Â Click here.)
- Search “Scamwatch.com”
- Search “Infomercialscams.com”
- Search “Ripoffreport.com”
If you have a story that you would like to share on our Guru’s to Avoid page - please do by clicking here!
Don’t forget to checkout our Foreclosure “Sites to Avoid” for current postings and complaints on “so called” foreclosure listing companies available on the web.
TO FILE YOUR OWN COMPLAINT:
If a seminar promoter, email promoter or infomercial producer has victimized you, contact your local Better Business Bureau (BBB) and the Federal Trade Commission (FTC) Bureau of Consumer Protection. The FTC does not resolve individual consumer problems, but your complaint helps them investigate fraud, and can lead to law enforcement action. Click here for more information from the FTC.
Happy Investing!
P.S. There are real estate trainers who actually “practice what they preach”, and have helped others buy and sell properties for profit. Just click here for more information.
