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John Beck
Notorious for claiming that someone could buy tax delinquent homes for pennies by the dollar is a program called "John Beck’s Free & Clear Real Estate System."
This program claims that you can get rich off of the people who can not make their mortgage payments. In theory, something like this may sound feasible. In fact, you may be bewildered by the number of houses he can purchase, many for less than $300. Obviously, the trick to this is that it is RARE… I mean, it is sooooo rare that something like this could even take place that you may be better off winning a mega millions lottery game. In reality, you know that a home that is equitable to the price of a refrigerator is really unlikely. I mean seriously, letting other people know a trade secret like this is completely self defeating. It’s pretty blatant that this is a ridiculous scheme to get you to buy his courses and books so that you can do it for yourself.
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Nonetheless, I’ve tried both the John Becks "Free and Clear" system and a similar real estate business concept known as the Carleton Sheets program. When I tested out John Beck’s system I found myself at a local court house where foreclosures of several properties were being read off of a list. Sure, the prices for the homes were cheap as Beck mentions, but they were not priced for such absurdly low prices as Beck suggests. I never saw $200 or hundred dollar ranged homes, but there were some with an average price of $14,000. I figured Beck may have been on to something, but then the bidding started. The next thing I knew, the houses were listed well over a hundred thousand bucks, not to mention that these aren’t the beautiful houses portrayed in any of Becks advertisements and infomercials on TV. These homes were run down, moldy, smelly, dumps, each and every one of them. I walked away dissatisfied and with the understanding that Beck’s system was not going to be anywhere as easy as he claims it would be.
I was not the only other person to review this program either. Several of my friends and business acquaintances, who focus on real estate, attempted Beck’s program and concluded with all the same poor results. Beck attempts to paint a rosy image of what you can accomplish with ease and minimal investment with real estate. But just as the famous adage goes, "If it was profitable and easy then everyone would be doing it." It obviously isn’t and not everyone can do it. After about 10 years of looking through the housing sources that Beck recommends, I still have yet to come close to the price and quality of any of the houses he has mentioned. Not only that, but Beck does not mention the time period in which he closed on such dastardly refrigerator cheap houses.
Personally, I believe that you can never make a quick dime doing what Beck preaches. I also know that there are other business people that have the same view on this and chuckle every time one of Beck’s infomercials make it on the air. I certainly do not recommend Beck, his teachings or any of his courses.
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