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Video on John Beck, Pennies On The Dollar, Is It A Scam?

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John Beck, Pennies On The Dollar, Is It A Scam?
Frank Scott
Late night TV is loaded with money making opportunities from internet success to real estate investing courses and John Beck and his Free and Clear system has taken a top spot among the infomercial guru's. The lure of easy money on just one Free and Clear real estate deal is enough to get you to take a second look at 2 am.
John Beck grabs your attention with claims of buying tax troubled properties for Pennies on the Dollar, but can it actually be done? Yes, Sweet real estate deals are out there, especially in this troubled economy.
John Beck claims that you can find a property and get it Free and Clear for a few hundred bucks, but we all know that's like finding a needle in a haystack. Investors like John Beck have been around the block a few times and know exactly what they are looking for. They know how and where to find those properties; they've been analyzing the markets and properties for years and with a few hours or weeks of research can pop big deal.
So, where does that leave you?
John Beck Free and Clear course is a $39.95 education that probably won't get you too far with out a bit of hand holding to get you through your first few deals.
That magic deal will take yours of pouring over and analyzing tax and bank records to find just one property that looks good. But when you get to the tax auction to close the deal, odds are you'll find a room full of seasoned investors looking at the same deal.
To give you an edge over the standard education, after your $39 dollar investment in the basic Free and Clear course, you'll be offered an opportunity for personal coaching from John Beck's staff with a price tag of about $8,000.
Truth is, it would be worth every penny if you could close just one $40 or $50,000 deal in the next year. Just the possibility at earning that kind of money would make many jump into the coaching program.
Although it sounds fairly simple, most who invest in the program will more than likely not stick it out and call it quits after a few months of unsuccessful deals. It's a lot of work, but the rewards can be fairly elusive.
The real estate industry can be a pretty risky business if you don't know exactly what you are doing and getting caught in a bad deal could cost you a bit of cash. The odds of success, of finding that one in a million deal or even a bunch of fairly good deals are pretty slim even with the personal coaching program.
Are John Beck and his courses a hoax?
Nope, it's legitimate, just not as easy as it sounds and there is a pretty heavy time commitment involved with any of the real estate industry programs. The risk in this one is not worth the reward for me, as a home business I'll steer clear of Mr. Beck and his programs.
What ever you choose, I wish you Good Luck!
John Beck Free and Clear system is reviewed in detail at http://www.federalhomebusinessreview.com/Johnbeck.html
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