Re: What is N.P.L National property liquidators - Posted by James C. Hull
Posted by James C. Hull on March 18, 2005 at 20:51:09:
I have already responded to this inquiry several times at several locations. If you know how to broadcast this response to everyone inquiring about NPL, please do so!
NPL is for REAL! The program is an almost totally passive method for the average person to realize significant wealth through real estate investments.
I am a paid subscribing investor with National Property Liquidators, Inc., headquartered in Charlotte, North Carolina.
Anyone who has some experience in the more “traditional” methods of real estate investment knows that you can easily work yourself to death, seemingly to accomplish little. Yet, you can also gain great wealth. However, you can also lose big if you go forward with no experience, little or no quideance, and very poor planning!
From experience, I had some time ago formulated an idea of the structure and mission of a service that I know now to have been an almost a mirror image of NPL. I wanted someone to do all the “grunt” work for me. It took months of online searching to discover NPL! Now I am glad I took the time to search!
When I investigated NPL many months ago I obtained an excellent report from BBB and the same at D&B. I may have also viewed an FTC certification. Don’t take my word for it. Do some indepth research yourself!
I was also able to obtain some excellent endorsements from existing NPL investors.
NPL has been in business for approximately one decade. The president of NPL is Keith Collins. Their only web site is www.npliquidators.com.
Originally, the business operated as a semi-secret real estate concierge service. Investor membership was only through the invitation of members. The membership fee was $5,900. This included several days of required training in Charlotte, transportation not included. NPL still operates like a quasi semi-secret organization.
If you visit the NPL web site, you will notice that there is no way to communicate with NPL, except to submit a loan application for yourself and (if need be) a co-investor. If you were to do so, you would receive an almost immediate email response that would state that you could not be found on NPL’s roll of subscribing investors. Whether you would be directed to a vendor or some other member, I do not know.
To the best of my knowledge, NPL has never attempted direct marketing of their program. Also, I strongly doubt that anyone has ever received SPAM or any other solicitation from NPL.
However, (apparently sometime late last year) NPL elected to expand their investor base by entering into agreements with some of their investors to promote NPL memberships to clients. Let’s now call them NPL vendors. I wonder if perhaps NPL is not now regreting their decision.
I suspect that few (if any) of these investors (now NPL vendors) ever had any valid experience in online marketing and they rushed into it with every sales method someone else told them would work, including SPAM and unsolicited fax blasts.
In today’s world, it is also quite likely that there is some fraudulent marketing in NPL’s name. It also likely that some are mere wannabes, trying to raise funds for their own purposes.
These authorized vendors are required (by NPL) to provide the future NPL investor client with a minimum of training which is supposed to include NPL practices, procedures, and investor qualifications, etc. The training may be on any medium ? printed, tape, CD’s, what have you. If you purchase the training from the vendor, you become enrolled in NPL.
Each vendor is authorized to enroll several hundred investors. Why so many? I do not know what NPL’s attrition rate is, but I am certain it exists. Also, in direct marketing, it is known that a large, but undetermined number of enrollees will do nothing. Furthermore, many enrollees will learn that they cannot invest even through NPL because of their credit ratings, and they do not have the knowledge which would permit them to solve the problem. Consequently, with a large number of very excellent properties in inventory around the U.S., NPL must maintain an adequate investor base.
Out of curiosity I recently obtained a set of tapes from one vendor. In fact, it is the only vendor that I know of who is (in fact) an NPL authorized vendor. There are undoubtedly others ? I just don’t know who they are.
In doing so, I created a second membership in NPL. $197 bought me 16 tapes, each 45 minutes in length, containing every possible “traditional” and non-traditional method of real estate investing: finding, buying (including no money down), etc., etc. Anything you have ever heard or seen on the TV real estate infomercials is on those tapes. But, there is absolutely nothing on them about NPL!
However, purchasing the “training” (in whatever form) from a vendor is a very inexpensive way to get into NPL, which I do recommend!
I can only positively identify one of the authorized vendors. I have no knowledge of the content or value of the “training” that you might receive from any of the others.
If you actually listened carefully to all the tapes, you would certainly come to appreciate immensely what NPL does for you! There is nothing traditional nor difficult about the NPL program!
I will say this though ? I have seen a bit of the advertising and found (to my surprise) that much of what was said about the benefits of investing in real estate through NPL’s services is very true!
So there you are.
I am certainly not a real estate expert nor am I a spokesman for NPL. But I am a very pleased NPL investor and have some very pleased co-investors.
However, if I can answer any questions for anyone, I shall attempt to do so. I just realized that I may well have just opened a flood gate. But, I reserve the right to refuse to answer any particular question.
I would suggest that you all visit the NPL web site given above. Visit each page (click on each in the left sidebar). What you see and read there is absolutely true!
I am certain that the web site was never intended to provide complete details about NPL operations. Yet there are considerations and conditions that are understated and even unstated in the site, and of which the future invesor should be aware of. At least, that is my personal opinion.
Whether the following should in fact be presented to a viewer of the site, I cannot say. But I suggest that the following information should be available to a would-be member investor before they make a decision to join NPL.
This includes a more realistic investor profile, possible variations in the life and terms of the the renter’s lease/purchase agreement and, potential risks (which are minimal, but exist none-the-less).
O.K. So email me. I’ll do my best.