My wife and I are currently attending the three day training course. This is our second time through.
In 2015 we attended our first seminar and did not purchase one of the larger mentor packages. The reason we didn't purchase was simply based on economics. We didn't feel we wanted to make that large investment at the time. However, I'm reading these reviews and see the sour grapes being pressed by many who have attended the seminars and bought the mentor programs.
Here is the straight scoop. Real estate and buying tax liens and deeds is not easy. It takes a lot of work. I have a background in real estate (agent for 11 years).
My wife and I have successfully flipped 9 properties in the Phoenix market over the last 4 years. We have never lost a dime. However, margins began to shrink when the market recovered. Our last flip yielded only a $10,000 next profit.
If you are an investor, you quickly realize that is not what you want to make per project. So, we attended the first seminar to get new ideas. That is exactly what we got. Great ideas for structuring your business, QRP's, and the process of buying liens and deeds.
I will spare you all of the details but deeds were most attractive to us. We chose Wisconsin as a place to invest. We have family there and are familiar with the state. After a ton of research, we bought our first deed for $51,000.
From purchase to sale took 5 months. We invested $18,000 in rehab. It was a duplex with a renter in place. We collected $500 in rent each month and had the comfort of knowing we had someone on the property at all times.
The second story unit needed about $15,000 in additional rehab. We didn't touch it. At the end of 5 months we sold the property, using a local Realtor, to an investor. Net profit was $45.178.
Based on that success we currently have 2 other properties in Wisconsin that are undergoing rehab. We are obviously not guaranteed a big return but are very happy with the progress. We have traveled to check the properties and, as the course suggests, relied heavily on local Realtors. For us it has worked out very well.
However, if you are not going to really commit to this endeavor save your money and time. Because without that commitment, you be typing sour grapes letters like many of the others on this site.
Good luck! It's a heck of a lot of fun too.
Product or Service Mentioned: Saen Higgins Tax Lien Seminar.
Reason of review: Good quality.