John Beck TV Review
Is John Beck's Real Estate Really Free And Clear?
Years ago there was a progam called "John Beck's Free & Clear Real Estate System"
On the TV program, he claimed you could get wealthy off the people who can't make their mortgage payments. This sounded good to me and you can't help but to be in awe by all the homes he kept showing on the TV screen that he's bought for less than four hundred bucks. What he may not be telling you is that getting a home for less than four hundred dollars is like finding a thousand dollar bill in your laundry. It's like a coal miner that comes to your home and shows you his golf ball sized diamond and tells you how easy it is to find those huge stones.
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Although I run a million dollar internet business, a few partners of mine have done very well in real estate. So you're probably asking yourself why such harsh words about "free and clear"? Well, although some of my partners have made a lot of money off of real estate, it wasn't by doing foreclosures. One of my partner's is bald and he still tries to pull out his hair. The main issue he has is that most of the time, not all the time, in order to do very well in real estate you have to do some shady deals. If you try to be on the straight and narrow like one of my partners was, you end up getting the short end of the stick.
John Beck, just like Carelton Sheets, makes the real estate business sound easy. But since I did have a little cash to burn I tried to purchase a home using John's system. I then found out that even after looking for 6 months, I couldn't find any homes in the thousand dollar price range. I did find a few that were priced under 20k, but after all the cards were stacked, those prices went all the way up to over 100k. If these homes were half way decent they might have been worth it. But they were run down homes in bad neighborhoods, so they would be very hard to make a profit from.
There are a few people out there that can make John Beck's system work, but they have either many connections or very deep pockets.
In my opinion you'll never make the money John Beck talks about on his infomercials.
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