Thursday, January 15, 2009

John Beck, Pennies On The Dollar, Is It A Scam?

By Frank Scott

How many times have you been surfing the channels on late night TV and couldn't help but to watch John Beck Free and Clear infomercial at 2am. I know I've watched more than once (mostly for marketing tips nowadays) . It's an attractive proposition, buying real estate for pennies on the dollar.

But can it actually be done? Can you take a course on buying tax burdened properties and come out with enough in your pocket to pay the bills? Big deals can always be found in the real estate market even in a down economy.

Those properties are diamonds in the rough and not typically what you will find in most real estate markets. For those with tons of experience like John Beck with his legal and real estate knowledge those properties are most likely hard fought victories. Cultivated after hours or months of research and market analysis.

But just starting out, can you find a Big Deal or even a little one?

A quick $39.95 education in market analysis, real estate and tax law probably won't bring you your first deal without a great deal of help and coaching.

That magic deal will take yours of pouring over and analyzing tax and bank records to find just one property that looks good. But when you get to the tax auction to close the deal, odds are you'll find a room full of seasoned investors looking at the same deal.

Education is a big key to success in any business and real estate is not different. To give you a jump start on the competition, soon after you purchase your $39 buck Free and Clear course, one of John Beck's staff will most likely reach out to you and offer you a shot a personal coaching for about $8,000.

Truth is, it would be worth every penny if you could close just one $40 or $50,000 deal in the next year. Just the possibility at earning that kind of money would make many jump into the coaching program.

Unfortunately, most will probably get tired of the struggle and competition to get to that one purchase and pack it in after a few months, even after purchasing John Beck's $8,000 coaching program

The real estate industry is a tough, highly competitive and risky market. For the average person to be able to spend the time to find just one sweet deal, the odds are stacked against you and without the addition of John Beck's coaching program your chances of success are even less.

Is Mr. Beck and his real estate training a Scam, some kind of Hoax?

Not at all. There is some legitimate bases in most if not all of these home businesses. Problem is most give limited information and for those that are really committed, they need to take their education to the next level. I'm sure the testimonials on John Beck's TV shows are real people with true success stories. But the time, effort and risk in this industry is something I would stay away from, unless you can afford to take a loss.

Best Of Luck!

A full review of John Beck and the Free and Clear system is at http://www.federalhomebusinessreview.com/Johnbeck.html

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