Consumption and Real Estate
Is John Beck’s Free & Clear Real Estate System legitimate?
Question : Is John Beck’s Free & Clear Real Estate System legitimate?
Has anyone out there in “real life” & not that may have been on television in the infomercial, really profited from this system – without going broke trying to pay for the books, the extra fee for the website, etc? Can you truly buy properties with nothing down when you do not have good credit? Has anyone figured out what the “secret” is? I can see finding very inexpensive homes in the paper and on “foreclosure tours” and the like, having a savings account giving someone the ability to purchase those inexpensive properties for almost nothing (especially if they’ve been vacant for a few years and have been stripped or damaged further), or even having to only pay back taxes to merely acquire ownership, but then the real payments would begin and…well, If I purchased someone’s previous home that generations grew up in, for very little, I would feel so good allowing the previous owners purchase it from me for a very very small profit! One could still make a profit from the system, right?
I have watched that infomercial so many times, and it all seems pretty simple to figure out how to find the properties on the internet or from county real estate listings, but acquiring them for next to nothing, especially the $ 500,000 homes, is the part I don’t see to be true. Please, if you would, can someone write about your experience, good or bad, regarding John Beck’s Free & Clear Real Estate System?
I don’t expect you to purchase all of the materials, as they are not cheap, then give away all the information within them for free, but there has to be some way that doesn’t seem “scripted” to let folks know, realistically, if this Free & Clear Real Estate thing are experiences that many real people have had. Thank you for any help anyone can offer just to ease my curiosity, at the very least!!
tax foreclosure property listings
Best answer:
Answer by skiingstowe
Hi,
These systems make the seller of the system rich. I have four very large rental properties and you can’t buy anything without some sort of financing, and that either requires a loan or savings. I’ve never been able to buy anything with no money down. It always requires capital.
These systems do not apply to the housing market in Vermont. I’ve owned seven properties in my life and all required money down. Don’t get suckered in to the hype.
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#2 written by Ed Atun 1 year ago
I have read the info on many of these “making money strategies”. Each of them has one intriguing thing that makes you interested in trying them.
One scenario is to buy a property and tell the owner that you will make your first mortgage payment in 1 year.This works best if the property you buy is free and clear. You will not use a bank. You will make payments directly to the previous owner. YOu will make monthly payments after that 1 year. As soon as the deed is signed over to you, put the house up for Lease with Option to Purchase. Collect $ 5,000 nonrefundable for the option and collect the monthly rent of $ 1,200. At the end of 1 year you have $ 19,400 in the bank which you didn’t have before you bought this house. Your first mortgage payment to the previous owner will be covered by the 13th month rent payment from the renters. If the renters complete their purchase, you will get to keep the $ 19,400 and use the money from their purchase to pay the previous owner in full. - Comment Feed for this Post
If it sounds too good to be true it IS.
I bought Calrton Sheets program, some is dated. Yes it will work, but you will look at a bunch of houses and talk to a bunch of people.
I bought a house with no money down. Getting a 1/2 million dollar house cheap isn’t going to happen. You don’t need a bunch of money, but you must demonstrate you have the ability to raise funds or pay bills.