Carleton Sheets

Carleton Sheets has been a successful real estate investor for years. He was so successful, that he decided he could make a bundle by marketing a series of tapes on buying real estate.

This would bring new clients to his Carleton Sheets publishing company and to his money making enterprise. Many people who bought the tapes would then pay to go to one of his live seminars.This is where he makes his money, on the back end. This is extremely common with people who market with infomercials.

The tapes and manuals feature Carleton's "No money down" real estate system. His system shows all of these different ways to get into a house with little or no cash out of your pocket and rent it out.

This may be great for some people, but I can tell you of a few things that aren't totally true with his system. At least, not in all areas of the country.

1. There are not that many houses in most areas that you can buy with no money down. Some areas won't have any at all.

2. Many of the good assumable loan programs are disappearing. This will make no money down buying almost impossible in the future.

3. Buying houses and sticking renters in them is really hard work and can be dangerous. Wait until the first time you have a trashed house without any money coming in to pay the rent. I don't know about you, but the idea of toilets and tenants doesn't excite me.

4. Who wants to spend a lot of time driving around looking at properties when you could be making some big money from home?

These are some of the same reasons that Carleton got out of the real estate market and into selling tapes and the lecture circuit. Plus, there is a heck of a lot more money in selling people $3,000 seminars.

Think of 100 people in a room for two days that paid $3,000 each. $300,000 for two days work sounds good even to me! I am not saying that you can't make money with Carleton's methods. It is just much harder than he presents to people.

Matt Gagnon