It was an apartment complex that he lost through foreclosure in the 1980's.

A real "Guru" in action!

> You are correct. My apologies.

> I just went back to the forum, and yes... I
> agree with you... it doesn't seem as
> pie-in-the-sky as it seemed originally
> seemed. Although with the millions and
> millions that can be made from real estate
> investing, I still question why they would
> endorse the likes of Carleton Sheets and
> other gurus who apparently make more money
> from infomercials and seminars than from
> investing.

> On an unrelated note: I think that there is
> a tendency for my writing style to be
> misinterpreted as confrontational. I think
> that this is a by-product of the limitations
> of typed/written correspondence and the lack
> of vocal tonation. So, please (everyone here
> in this forum) don't take any of this
> personal.

> As for JTR... the assertion that he's just a
> cranky old man who blasts everyone else in
> order to sell his stuff, is just bunk. There
> ARE MANY people (besides himself) who he
> praises:

> - Bob Bruss
> - CCIM Courses
> - George F. Coats
> - Jay P. DeCima
> - Gary DiGrazia
> - Joe Dominquez
> - Jane Garvey
> - IREM courses
> - MAI courses
> - Bill Mencarow
> - Kevin Meyers
> - Bill Nickerson
> - Jon Richards
> - Leigh Robinson
> - Al Seastrand
> - John Schaub
> - Lonnie Scruggs
> - Bill Tappan
> - Jeffrey Taylor

> So, the assertion that he needs to blast
> everyone else to sell his stuff is nonsense.

> I mentioned that he had only owned 11
> properties. My mistake, again. I don't know
> where I thought I remembered reading this,
> but here are the facts about the real estate
> owned:

> Total rental units owned: 117
> Total houses owned: 3

> Maybe the total number of properties still
> comes to 11, but owning 117 units is still
> nothing to sneeze at.

> So, is he 'on the mark' 100% of the time?
> Perhaps not. (But I think he is, in regards
> to RK).

> His B.S. detector list is itself a bunch of
> B.S. He singles out the use of direct
> response marketing techniques as indicators
> of whether someone is a b.s. artist. And of
> course, this is nonsense.

> Regarding the criticism of him owning a
> limited number of properties, if I remember
> correctly, he's owned more than Carleton
> Sheets owned. Regardless... I think that the
> issue should be:

> Are the points that he is making about RK
> valid, regardless of his motivation?

> Thank you,
> - Adam.