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Real Estate Opportunities - Ron LeGrand
Number of Customer Reviews for Ron LeGrand: 4
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OnlyCritiques.com Review:
Ron Legrand is yet another self proclaimed no money down real estate guru, who in my opinion has clearly made his fortune in selling information, not in investing in real estate. And like every other real estate business opportunity, only an extremely small percentage ever succeed using his or any of the others information. This is because real estate investing is so much more complicated then they make it sound.
Naturally, this does not discount the fact that you may stumble across a property using his techniques, but like all of the other no money down real estate gurus, you can really only use these techniques with motivated sellers and typically in a down market.
What amazes me however, is that all the no money down gurus have all the same info on how to invest in real estate, yet it is very hard to find any negative information about him. He seems to charge an enormous amount of money for his info, which you can obtain used for pennies on the dollar, or for that matter any of the other gurus info as well.
I am a real estate investor and all I can tell you is that you need to develop a network of people that you work with who can make you strong where you are weak. If you are being mentored by another individual or group or have gone thru course after course and have tried to succeed but are finding it difficult, give me a call at 760-931-4770 or e-mail me at John@jcsbicca.com and I will discuss with you my program. I have money available for gap financing and fix up so that you can succeed. I already have 40 students that I am helping. These are not my students but another company that specializes in mentoring. My capacity is limited so I am very selective. So contact me to see if you qualify.
The following is what Ron Legrand says about himself:
"One day I got an invitation to attend a seminar about how to make money in real estate without money or credit. This really appealed to me because I sure didn't have any. In fact I'd filed bankruptcy. It's hard to believe but it's been 18 years now and over 1,800 properties I've personally bought since then.
It still amazes me how just one seemingly little decision can have such an incredible impact on a person's whole future and the direction it can take them. But, because I did, over 60,000 people have become my customers and more than just a few have gone on to become millionaires too.
So I wrote a little book and sold it for $10 and it wasn't long before I did my first seminar. That was the birth of an information marketing business that would soon grow bigger than my real estate business and turn into a publicly held company that today is selling over $10,000,000 of information products annually."
The following is what others are saying about him:
1) “Ron now has three books he sells for $600 each. If you buy two of the books, you can have the third one free for a total cost of $1,195 for the set. LeGrand breaks it down into three books 1) For Sale by Owner 2) Wholesale/Retail and 3) Lease-Option.
Ron advertises that each book is a business in a box and stands alone. That may be true, but for over a thousand bucks one would think that Ron would at least have a one on one mentoring system for that price.
Ron teaches you how to develop three distinct profit centers:
1. Down Payment Spread. The difference between the down payment you paid the seller (if any) and the down payment your buyers pay you.
2. Payment Spread. The difference between your incoming payment from your buyer and your outgoing payment to your seller (from $100 to $1,000 per month.)
3. Back End Spread. The difference between your purchase price and your sale price (from $5,000 to $100,000+.)
All this means that if you buy with a small down payment and sell the property for more money, then you can get a larger down payment than you paid the seller, a larger monthly payment than you are paying, and a higher purchase than you paid. All of which contribute to your profit margin.”
2) “$9,000 seminars. Gets people to attend live infomercials. I would love to charge $9,000 for a seminar, but I can't quote such a price and keep a straight face.
I listened to one of his tapes. It was the same old stuff all the other gurus preach. As is typical of other gurus, LeGrand left out much of the disadvantages of the various techniques. He also struck me as overbearing—which is irrelevant unless you are susceptible to being overly influenced by such people.
In general these no money down real estate gurus are salesmen, not real estate guys. Real estate investment requires far more than just sales skills. Telling people that you are a real-estate-investment expert, on the other hand, only requires sales skills.”
3) “Ron LeGrand teaches how you can be pulling in a substantial income in very little time. He seems to focus on how quick you can make money with real estate, but anyone who's made serious money in real estate will tell you that it takes months and sometimes years before the big money comes in.
Not many people who buy these types of courses make a six-figure income. People like Ron have years of experience and they work up to 12 hours a day. They've both put in thousands of hours driving around the streets looking at properties as well as put in thousands of hours on the phone and spend thousands of hours sitting at a desk. Don't kid yourself into thinking this is going to be easy.”
All I can tell you is that I have been involved with the financial services arena for many years. One of my areas of expertise has been retirement income planning. I have hundreds of multi-millionaire clients; the vast majority of whom are millionaires because of real estate and none of who became millionaires using some funky mercurial creative real estate techniques.
I do not recommend Mr. Legrand’s seminars or information first hand because you can obtain the same information for far less money used or obtain it used from one of the other no money down gurus, and end up with the same information.
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