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Russ Whitney is coming to my area, Worth my time? - Posted by BobC
Posted by BobC on July 02, 2005 at 12:40:17:
I am a relative newbie, is this worth it? I KNOW he is there to sell his system, is it a good one? Would love to hear from anyone with first hand experience.
Russ Whitney is coming to my area, Worth… - Posted by Jeff M
Posted by Jeff M on July 05, 2005 at 10:12:33:
Here’s my advice. If you’re a newbie, find the nearest REIA group, and start there. You’ll get the same information from people that are working in REI in your area that can give you sound advice for your field of investing. Its cheaper and you’re not going to be subjected to a $35,000 sales pitch.
I went to a 3-day seminar back in '03 with a friend of mine. I paid $1,595 for the seminar and received Ron LeGrand’s Cashflow Systems course with the purchase. When the three-day seminar came, I sat in the front row, ready to absorb all the info I could take in.
Day One: Wholesaling. We spent a few hours talking about the art of wholesaling, followed up with discussion of Russ Whitney’s wholesaling bootcamp. This confused me a bit. Didn’t I already pay for wholesaling training? Isn’t that why I was here in the first place? And why were they pitching Whitney material, when I purchased a Ron LeGrand program? I also came with a friend who knew mostly everything and told me that I could’ve learned this at my local REIA group for a whole lot cheaper. Of course, Mr. Mastercard had already paid for this training. Thanks friend.
Day Two. Lease Options. Our trainer (who’s name I will withold) discussed the process of purchasing houses on lease options. Mr. Friend once again told me we could’ve learned this at REIA. Thanks again all-knowing and wise friend . When we come back from lunch, we’re “treated” to a video compilation, discussing the benefits of the Whitney Education Institute, where we will train to become serious and successful investors. I guess we aren’t serious enough after dishing out $1,600 in the first place. Surely paying an additional $2,000 to $35,000 will guarantee our success. Later that day, we were given some homework of boosting our credit limits as high as they would go. Any guess why?
Day Three. Sell, Sell, Sell. To be honest, I don’t remember much about this day aside from them trying to sell people on additional training camps that you have to travel to on your own dime, and pay thousands upon thousands more to go to. Remember that thing about REIA? Yeah, Mr. Friend reminded me I should join. The third day is basically spent belittling us pions who don’t want to pay tens of thousands of extra dollars on top of what we’ve already paid to learn the trade. And that was that.
All in all, the best thing I got out of the deal was Ron LeGrand’s Cashflow systems (which coincidentally sells for the same price I paid for the 3-day training). If you enjoy smoke up your backside, go to the free seminar and wear loose jeans. Whitney’s salesman will provide plenty of smoke and you’ll need the room. If I knew then what I know now, I wouldn’t have half the credit card debt I have, and I’d be better off.
My advice, go to a library or bookstore. Pick up some books (if you’re curious about whitney, he’s got two books that are so-so reads). Most gurus have books that you can pick up for $20 or less. LeGrand has a good one called How To Become A Quick-Turn Real Estate Millionaire. Other investors, and CRE Online posters (Bronchick, Scruggs) have books on the shelf that are worth checking out as well. If Real Estate holds your interest after you’ve read a book or two, find your local REIA group (I think there’s a national list on this site) and become a member. Its a better investment than what you’ll get out of a 3-day hack seminar with a $1,600 price tag.
Good luck with whatever choice you make.
Jeff M.
Re: Russ Whitney is coming to my area… - Posted by Nimesh Patel
Posted by Nimesh Patel on July 04, 2005 at 20:09:52:
Based upon my personal experience, I would pass. I purchased items from his “seminar” (his “seminar” is more like a sales pitch). The “course materaials” were full of basic materials that pushed more of his “course”, “seminars” and “boot camps”.
Perhaps his products are a good fit for you. For some people his products may be of value. But for me, it was not. That is my personal opinion on it.
Absolutely not - Posted by Sean
Posted by Sean on July 04, 2005 at 14:50:09:
You’ll learn more from Carleton Sheets No Money DOwn mail order course than you will from a $3000 weekend with Whitney’s “trainers”.
Russ is the one of the biggests scam artists in this business.
Re: Russ Whitney is coming to my area… - Posted by George
Posted by George on July 04, 2005 at 24:56:29:
Hi,
My opinion, for the cost, Legrand is the best buy, also Chuck Smith.
Re: RW stand-in is coming, Worth my time? - Posted by John B. Corey Jr.
Posted by John B. Corey Jr. on July 03, 2005 at 17:07:53:
John Merchant’s comments are very balanced. Read that reply.
I agree with John that Russ has some interesting ideas. I purchased a course from him when he did his own presentations (about 20 years ago). It was very low cost then (under $200 I believe).
Given the number of unhappy campers and the fact that RW has been around for a while, check ebay for heavy discounts on his materials. Someone will be selling. If you can not find any just wait.
You can also post an offer to buy the materials from someone if you want. Use some newsgroups or a RW related site. Find such lists using Google.
RW is aggressive about chasing people who say bad things so be ethical and keep a lower profile as you troll for discounted materials if RW owns the site.
John Corey
Chelsea Private Equity LLC
PS. I suggest newbies start with the library, progress to the bookstore or Amazon. Browse the books, find authors you like and continue reading until there is little available that you have not read.
After a few books, long before you run out of things to read, do a deal. Doing a deal increases your desire to understand deeply what you are reading.
Re: Russ Whitney - Worth my time? - Posted by No
Posted by No on July 02, 2005 at 17:14:30:
The intro “free seminar” costs nothing. Whitney’s first course costs about $1700 but it is also basically a professional sales lead-in to other seminars which, if you bought all 10 or so of them, would cost you over $50,000. The course covers only basic beginner stuff you can get anywhere for a whole lot less. They also talk about improving and increasing your credit card lines and opening up new business credit cards.(stuff you can easily do on your own). You’re given credit card “assignments” to do before the next day. This all seems good and progressive and is done the first day when you can still back out of the deal. Second day, after you bring in your credit cards and people share their credit card homework stories, it becomes basically a subtle selling session where all the talk is about the various methods of investing, whetting your appetite, for which - imagine that! - there is a separate course for each area or type of investing. It’s also very handy for them to know exactly what you can afford on your credit cards when they send you to the “personal interview” tables to sign you up 
They start rotating people to the sign-up tables beginning the middle of the second day (things are kinda noisy in the back from then on) and the third day ends early with a congratulation speech for the new “investors”. (or plucked ducks, depending on how you looked at it)
If you like paying $1700 in order to be sold on $10,000-$50,000 worth of more courses, by all means, break out your check book and credit cards. If Whitney’s follow-up courses follow the same pattern as his initial course - for the price - they will be more hype than delivery. Whitney also has houses in development tracts in Florida for you to buy as well - which are obviously being marketed in his courses being taught in Florida. That man is nothing but a selling machine!
Advice to the beginner who doesn’t have money to burn: After reading some real estate books to get the general picture, if you are interested in starting in a particular area of real estate such as wholesaling or rehabbing or lease options and want a more step-by-step approach, buy a decent course online for a few hundred dollars. You’ll get all the info you need - without the hype.
It won’t be Russ Whitney - Posted by Mr. Big
Posted by Mr. Big on July 02, 2005 at 16:41:23:
It won’t be Russ himself, it will be one of his sales crews. I have been to the free seminar, it was entertaining but I have never bought any of his training and don’t recommend it.
I have bought his books and tape course (second hand). I like his books because we both started out about the same time and not too far from each other. He started teaching when he had about a year and a half experience and there is no sign he has learned anything new about real estate since, although I am sure he has learned plenty about milking suckers.
Russ Whitney is coming to my area, Worth my time? - Posted by Hank FL
Posted by Hank FL on July 02, 2005 at 14:46:04:
You won’t find RW (or his people) @ many good REIAs.
I wonder why?
Russ Whitney is controversial. - Posted by John Merchant
Posted by John Merchant on July 02, 2005 at 14:44:34:
VERY controversial guy and I"d urge you to spend some time on a search engine looking at the plethora of comments about RW before spending your money.
I’ve heard him in the past at his cheap “come on” sessions and he does have some great ideas and has made a ton of money in RE, but so far I"ve resisted heating up my credit cards on his boot camps, etc.
Re: Russ Whitney - Posted by Nancy
Posted by Nancy on July 02, 2005 at 14:29:10:
Don’t flush your cash down the toilet!! I wasted my money and time over this course… I think it was 1500, luckly I didn’t sign up for more training… half of the time was sales, the remaining half, you can learn better from this website or from books under $40… never ever Russ Whitney!!
You should start reading basic books-- search them in archive, I don’t know what area you are looking for… understand different areas of the business such as flipping, wholesale, buy and hold… start from cheaper books,then go on to the more extensive couse once you know the basic or had some experience…
Honestly , I’ve been doing this for over a year now, done rehab, hold, over 10 deals, the knowlege I got are from website like this one, cheaper books, real estate clubs and courses with a price tag under $600.
I got a great course of Land Lording and multiunit investing for free, because I got a refund when I purchased a multiunit property within 90 days… I wasted my money on Russ Whitney and a $3000 mentorship program of another “guru” that taught me NOTHING!!
Russ Whitney is coming to my area, Worth my time? - Posted by Phil
Posted by Phil on July 02, 2005 at 13:52:00:
Russ Whitney is coming to my area, Worth my time? - Posted by Phil
Posted by Phil on July 02, 2005 at 13:19:47:
This guy ia all hype. His products are NOT good. Go see a good movie, even if you have seen it before.
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Caution with negatives here - Posted by John Merchant
Posted by John Merchant on July 04, 2005 at 11:38:17:
John C is right on about RW being “aggressive” in pursuing his detractors and critics who make negative statements about him in public.
I suspect his lawyers stay pretty busy filing defamation actions against those people