Scott Scheel - Posted by scott in the burgh

Real Estate Investing Real Estate Gurus
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Posted by Kat on August 14, 2006 at 09:31:42:

So, Ben, after going to the course, how are you doing using his system?

Thanks for sharing your results…
Kat

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Scott Scheel - Posted by scott in the burgh

Posted by scott in the burgh on March 07, 2005 at 14:42:59:

what do you guys think of Scott Scheel? Have any of you bought his commercial Real Estate Course? He was speaking at our local REIA convention last weekend for $1,500 a pop and there were plenty of folks buying. I’m thinking of buying but wanted to get insight from anyone who has it or have positive/negatives about the course.

thanks,
scott

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Re: Scott Scheel - Posted by eric

Posted by eric on March 07, 2007 at 19:57:10:

Hey,
I was wondering if you ever bought the Scott scheel program and what you thought.

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Lots of Good Books for - Posted by Max in OH

Posted by Max in OH on March 15, 2005 at 21:10:20:

I think it may be more cost-effective to visit the public library over the weekend. Several good books are available for far less. High-priced seminars seem to benefit the teacher more than the student. JMHO.

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Criticizing what you don’t know about - Posted by Ben (FL)

Posted by Ben (FL) on March 10, 2005 at 16:48:46:

Both the answers to your question were to check the archives. I checked the archive where the guy said he had never heard of Scott, but based on his website, it’s BS. Well, his website is a sales letter. Who is going to write a sales with with ALL the details, every line of expenses and income? It’s a sales letter, for Pete’s sake! Judging Scott’s message, his expertise, and his teaching method based on that is like deciding whether or not you like Coke over Pepsi by watching the TV ads.

I have been investing for several years. I have montitored this discussion group during that time AND I have attended Scott’s 3-day event, and whoever wrote that archive response before…well, he’s missing out. Scott has built a net worth of over $17 million in just about 5 years (and that’s not from him, that’s from his accountant). He’s doing someting right and he’s teaching it, too.

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Re: Scott Scheel - Posted by

Posted by on March 07, 2005 at 19:28:17:

http://www.creonline.com/commercial-real-estate/wwwboard5/messages/12890.html

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check the archives here for your answer - Posted by Bob

Posted by Bob on March 07, 2005 at 18:31:44:

.

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Re: Lots of Good Books for - Posted by Chuck

Posted by Chuck on July 18, 2006 at 19:51:09:

Would you happen to have list of those books for beginners like myself?

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Re: Criticizing what you don’t know about - Posted by ray@lcorn

Posted by ray@lcorn on March 14, 2005 at 09:30:12:

Ben,

I’m the “guy” who wrote that post, and the host of this newsgroup. I offered my opinion based on the material presented on the website. I’ve been in this business for over 25 years and I have seen just about every promo and sales pitch there is. I found this particular effort sorely lacking in credibility.

I would agree that a sales letter is necessarily abridged, but in this case the gross income was represented as the operating income, and in fact he made a point of saying the “cash flow” is the gross income minus debt service. There was NO mention of ANY expenses, not even a line item for aggregated expense Such an omission, from someone who purports to be an expert, is misleading at best.

The real estate information business is rife with con artists and hustlers, so skepticism is the operative paradigm. Even though that post was written over six months ago, the website copy remains, so the author must have no inclination to clarify the point. My guess is that the “sales letter” is doing just that.

ray

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Re: Scott Scheel - Posted by Amir Smith

Posted by Amir Smith on May 12, 2005 at 23:15:06:

I have a very simple question,where is the seminar going to be in san diego this weekend.My business partner and i sat in on your seminar at the expo,we bought the commercial real estate package.I lost receipt that has the information and our pass into the seminar.

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Re: Criticizing what you don’t know about - Posted by Ben (FL)

Posted by Ben (FL) on March 14, 2005 at 09:47:18:

Sorry about “the guy” thing, Ray. You are right in what you have written except that, having attended the event, I know that he does not teach that gross income minus debt service is cash flow. In fact, he teaches an excellent course, and is highly respected by commercial mortgage brokers and bankers. In fact, several banks now use the Annual Property Operating Data and income sheets he devised. So, I guess the fault lies in the copy of the sales letter, and without knowing any more about the guy, what else do you have to go on, right? Except what I am now writing.