Does Anyone Have Any Experience With Real Estate Riches Co. In Phila?

I am trying find a way to learn the business. This company offers a mentoring program. Can anyone shed any light on this company for me?

[ Edited by jpf911 on Date 02/01/2008 ]

Comments(6)

  • jpf9111st February, 2008

    Thank you for the info

  • cjartist1st February, 2008

    I know that in Reading, Pa they have wiped out the market of reasonable deals and made a bad name for themselves in the process. They guarantee that if you write 20 offers and do not get a deal that they will give you one.
    However, they have now been trying to weasel out of that. I know someone who has worked with many of their students as a buyers agent and has now decided not to anymore. Too much grief and they set them up for unrealistic expectations.

  • pmatheson15th July, 2007

    Keep your Day job til you can afford not to! It will allow you to obtain new loans at favorable rates if employed with good credit.

    A Lease with Option to Purchase is a valid tool to use. However, you need to get educated on the Pros & Cons.

    How will you get out of it? Sell? For what price? Can you give any terms to new buyer?

    Refinance? How is your credit and ability to qualify for a new loan?

    Why are you Lease Optioning? Will you be in a position to perform when your time is up? Why do you think so? Can you get the owner to extend the option period? Maybe an additional Option deposit or a small raise in the Option Price??

    GET Educated on Lease Options! Many books on this, Try your local Library if short on $$.

  • buzzer476th July, 2007

    thanks pmatheson1 for answering my post.
    i totally, have no idea of quitting my day job at this time ,i was just asking if i should not even get into real estate investing. i do not want to do anything until the time is right and i have enough knowledge to do so. i have been reading some e books from Claude diamond and reading some of the posts from the loking, and numerous of others on this forum so far seems to a ton of information and knowledge here, and i will continue to read posts from everyone here. again thanks your advice. good luck to you!![ Edited by buzzer47 on Date 07/06/2007 ]

  • LeaseOptionKing25th May, 2007

    Bronchick has good Agreements. What state is this in?
    [addsig]

  • cash4housesandnotes27th May, 2007

    I am not a lawyer, so of course you should get your lawyers opinion. However, I think the sworn affidavit is a must. Without it a judges has no reason to hear the testimony of the other landlord, but the sworn affidavit might prompt him to allow his testimony. I would include with the affidavit an address history and a document stating that the landlord owned that house at the time (so the judge knows he is being presented with cold hard facts)

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