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John Beck
You've no doubt by now seen the infomercial for "John Beck's Free & Clear Real Estate System", so you're going to want to read this page carefully.
Beck's program claims that you can get rich off of the people who are unable to make their mortgage payments. In theory, something like this may sound feasible. In fact, you may have been excited hearing Beck say you can purchase many homes for less than $300. Obviously, the trick to this is that it's very rare. So rare, in fact, that your chances of winning a sweepstakes are better than making money with this program...which is why Beck's main focus is on profiting from his infomercial sales as opposed to practicing what he preaches in his course.
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In reality, all of us already know that finding a home that is equitable to the price of a refrigerator is really unlikely, if not impossible. And even if it was fairly simple, for John Beck to just openly give away a priceless trade secret like this via a late-night infomercial 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.
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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