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Marketer
Oldies - Ed Beckley
I absolutely do not
recommend Ed Beckley, and the same goes for many other so-called "No
Money Down Real Estate" gurus. He is infamous for his package called
“Ed Beckley’s Home Study Course of No Down Payment Real Estate.”
For those of
you who are lucky enough to read this material now; be warned about
this con. For the rest, I wish that I could have provided this
information sooner and hope that this may provide some consolation.
I remember
when I got a postcard invite in the mail. It at first looked like a
good source for stories on Home Offices, especially since the company
was called “Home Business Technologies, Inc.” It would seem that many
would believe that the seminar would include ideas and
telecommunication products for effectively starting a business or
something along those lines – wrong.
When I
arrived at the hotel for the meeting, I was expecting to find numerous
informational booths on different technologies. Instead, I soon found
myself attending an oily feeling, fake, Susan Powter infomercial type
seminar (the type with the aura of con artists). After getting a name
tag, I was seated in a chair. A speaker went up there (I was hoping he
was just going to give us a brief introduction on how the seminar would
proceed) but he just went on about getting rich quick with real estate
and government auctions.
After the
meeting, I thought that I would be going home without a story to write;
however, I found out that the Better Business Bureau placed a warning
on the Home Business Technologies, Inc.
What I found
really interesting at the actual seminar was that attendees had to
write out the phrase, “Work smart, hot hard.” This is apparently the
motto of the Home Business Technologies, Inc. firm. The company was
able to unload maybe 10,000 consumers with the packages at a price of
$295 each. When customers asked for full refunds, the company declared
bankruptcy. If lucky, these customers received only $10 of their money
back.
Beckley’s
tapes at $295 a pop seemed ridiculous enough, but to add insult to
injury, there was a guy named Tim who also talked to audience members.
He encouraged everyone to apply for NO LESS than 202 visa cards in
order to purchase real estate. This is ludicrous! Even if you were able
to get that many cards it would be financial suicide to use that many
or even apply to some of these cards. If you figure in annual and/or
loan shark interest rates, you would have to declare bankruptcy in no
time flat.
Now, for the
conciliatory part, Beckley’s scam didn’t work out to well and I hear
from reliable informants that he had to declare personal bankruptcy.
Serves him right! That’s what he gets for scamming people.
I don’t
recommend Beckley and urge anyone who's considering him to exercise due
diligince before giving him any money.
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