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FIB - Scams 101 - Ye Olde Archives

Beware of Possible $40 Ripoff!

Posted By: Larry Foster <blackstonecap@yahoo.com>
Saturday, 15 January 2005, at 6:34 p.m.

In Response To: Re: Russ Dalbey's Cash Flow Business (Chuck Huckaby)

I am always amazed that people here who to protect their fellow man from scams and ripoffs.Here's Chuck, who I'm sure is a very nice guy who is telling you to be careful, even though he admits he knows nothing about this course. The course is what, $40. How badly can you get ripped off? And I'll bet it comes with a guarantee.
I AM NOT in the note business ,however, I have this course as well as several other, much more expensive courses while investigating the business. This is a pretty good course if you're a newbie.
Lots of good resources and marketing info.
BE WARNED!!!! This is a front end product and you will be solicited for some expensive high-end stuff. Here is the caveat. If you can't say no to the sales pitch follow-up,, don't buy the course.
Chuck is right that the paper source also offers a lot.
I can tell you the the note business is tough. There are people who make money but very few people make the kind of money that's promoted.
In my case, I looked locally to see how many Owner carry back notes were available and found very few. I decided that the effort vs. return wasn't worth it FOR ME. Dalby will give you the ability to find resources nationwide.
Most important thing that I can see to be successful is the ability to generate leads through your marketing.
Additionally, I believe that the supply of this kind of paper has been drastically reduced by the easy money that has been available for the last 3-5 years. Since owner notes tend to have less attractive terms, many of these borrowers would have refinaced out and if they didn't, their credit may have been so bad that a note buyer wouldn't have them either.

> I have no knowledge of this individual program, BUT I'd say be VERY
> CAREFUL about any such course. It may be perfectly reputable. I just don't
> know. But what I DO know is this...

> Your should go to Paper Source Online http://papersourceonline.com and get
> Bill's free course before investing a cent.

> This isn't an affilite link... I consider Bill a friend and painfully
> honest.

> I'll bet his course DISCOURAGES more people than not because he tells the
> truth about the cash flow business.

> Usually these folks who are selling CASH FLOW COURSES charge you an arm
> and a leg for information not much better than the ecourse at Paper Source
> Online! Then they make you think that only THEY buy the cash flows... of
> course this means

> 1) They're getting your money for the course(s)

> 2) They're getting money by cutting themselves in on the deals you find
> --- meaning you're risking all the ad dollars and getting less than you
> should as a broker for cash flows.

> 3) They also usually limit your brokerage options to their specialty, in
> essence making you their "captive"... In reality there are many
> big investors buying mortgages, divorce liens, lottery winnings and
> inheritances that must go through probate.

> You will be working your tail off doing this business, so you need to give
> yourself the most money possible.

> I'd say to start at Bill's site. I made a mistake buying a course like
> this years ago.

> I learned as much or more spending $20 at this site!

> Best wishes in cash flow... it's a real business if you can get into it
> without the crooks eating up all your start up capital!

Messages in This Thread

Have you read MAAMAW'S CLICKY NOTES today?
Excuse me... You MISSED them??
At the top o' the page in the blue bars (sheesh!).

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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