A review
Tuesday, March 13th, 2007I’ve been reading some of these message boards and saw that some people had been talking smack about Russ Dalbey and wanted you all to know that it’s total B.S. Once you look into the postings they just direct you to some other deal that someone obviously wants you to buy. As well as my own experience I looked around and there are plenty of people that have had the same success. Here’s a couple:
“I remember the first call I made to the client – I was so excited, I botched the whole thing up. I still ended up getting the deal, believe it or not. I made $3,000 not knowing what I was doing!”
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“I told him what I was trying to do and the next thing you know, he was coming to my door with a copy of this mortgage. He told me ‘see what you can do with it.’ It was a $134,000 balloon note that I was able to get $115,000 for from an investor. I offered $108,000 to my seller and he was pleased with that number. I was able to keep $5,500 total profit.”
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As for my story, I had been working at a big bank for about six years when I decided I wanted a bit of the action. I was a loan officer for just over a year and had often thought about how much money the company was making from real estate loans. A colleague told me about a program called “The Dalbey Education Institute.”
Russ Dalbey is the leader in educating people how to make money through seller-financed notes. A seller-financed note is when someone forgoes the traditional means of raising money to buy a house or small business (i.e. a bank or mortgage broker) and instead pays a monthly cash fee to the holder of the note which is usually the seller. These cash flow notes detail how and when the money will be paid to the holder.
Russ has made a fortune, literally, in matching up people who want to buy these notes and people who want to sell them. He still makes money this way but there are so many out there that he’s teaching others to make money this way also.
That night, I caught Russ on TV talking about his program and called to find out more. After talking with the (very helpful) girl on the phone, I ordered the course materials and received them a few days later.
I wasn’t confident that I would be able to make the same kind of money as the people I saw on the TV so I made sure to keep my day job and not let my employers know about my new venture.
It turns out that I need not have worried since the materials were all I needed to get started. I read and reread the materials, determined to give this all I had and was amazed at how simple it was to pick up. The Dalbey Education Institute provided me with a counselor who was very knowledgeable and had been through this with many other students.
Before long I was up and running. I quit my boring banking job and have never looked back. Now I’m free from my corporate prison and can spend my days as I choose. I never liked working on Fridays and now, I don’t have to.
Adam Saunders
Asaunders1966@yahoo.com
